LEASES

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

LEASES

LEASES

Right-of-use assets and lease liabilities associated with the Company's operating leases are included in the Consolidated Balance Sheet as of December 31, 2021 and 2020 as follows:

(in millions)	2021		2020
Right-of-use assets included in:
Other non-current assets	$	247	$	259
Lease liabilities included in:
Accrued and other current liabilities	$	50	$	52
Other non-current liabilities	214		227
Total lease liabilities	$	264	$	279

As of December 31, 2021, 2020 and 2019 the Company's finance leases were not material and for the years 2021, 2020 and 2019 sub-lease income and short-term lease expense were not material. Lease expense for the years 2021, 2020 and 2019 include:

(in millions)	2021		2020		2019
Operating lease costs	$	67	$	65	$	62
Variable operating lease costs	$	12	$	12	$	16

Other information related to operating leases for 2021, 2020 and 2019 is as follows:

(dollars in millions)	2021			2020			2019
Cash paid from operating cash flows for amounts included in the measurement of lease liabilities	$	76		$	74		$	73
Right-of-use assets obtained in exchange for new operating lease liabilities	$	46		$	39		$	47
Weighted-average remaining lease term	7.2 years			7.6 years			8.2 years
Weighted-average discount rate	6.1		%	6.2		%	6.2		%

As of December 31, 2021, future payments under noncancelable operating leases for each of the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
2022	$	64
2023	53
2024	41
2025	38
2026	34
Thereafter	100
Total	330
Less: Imputed interest	66
Present value of remaining lease payments	264
Less: Current portion	50
Non-current portion	$	214