LEASE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Lease Costs

Lease costs are presented below:

	(In Millions)
	Year Ended December 31,
	2021		2020
Operating leases	$	70	$	43
Finance leases:
Amortization of lease cost	94		15
Interest on lease liabilities	9		4
Short-term leases	66		13
Total	$	239	$	75

Other information related to leases was as follows:

	(In Millions)
	Year Ended December 31,
	2021			2020
Cash paid for amounts included in measurement of lease liabilities:
Operating leases within cash flows from operating activities	$	70		$	43
Finance leases within cash flows from operating activities	$	9		$	4
Finance leases within cash flows from financing activities	$	94		$	15
Right-of-use assets obtained in exchange for new finance lease liabilities1	$	50		$	44
Weighted-average remaining lease term - operating leases (in years)	8			8
Weighted-average remaining lease term - finance leases (in years)	5			5
Weighted-average discount rate - operating leases	7		%	8		%
Weighted-average discount rate - finance leases	4		%	4		%
1 Right-of-use assets obtained in acquisitions are not included in this figure.

Summary of Future Minimum Lease Payments under Noncellable Finance and Operating Leases

Future minimum lease payments under noncancellable finance and operating leases as of December 31, 2021 were as follows:

	(In Millions)
	Finance Leases		Operating Leases
2022	$	105	$	68
2023	96		56
2024	31		47
2025	28		39
2026	19		35
Thereafter	66		133
Total future minimum lease payments	345		378
Less: imputed interest	54		108
Total lease payments	291		270
Less: current portion of lease liabilities	97		50
Long-term lease liabilities	$	194	$	220