Investor Presentaiton
Supplemental balance sheet information related to leases is as follows:
(In millions)
Operating Leases
December 31
2022
2021
Operating lease assets
$
570 $
442
Other current liabilities
127
120
Operating lease liabilities
459
337
Total operating lease liabilities
$
586
$
457
Finance Leases
Land and buildings
$
6 $
6
Machinery and equipment
40
47
Accumulated depreciation
(20)
(19)
Net property, plant and equipment
$
26 $
34
Current portion of long-term debt
$
10
$
15
Long-term debt
18
23
Total finance lease liabilities
$
28
$
38
Weighted-average remaining lease term
Operating leases
Finance leases
Weighted-average discount rate
Operating leases
Finance leases
Maturities of lease liabilities at December 31, 2022 are as follows:
(In millions)
2023
2024
2025
2026
2027
Thereafter
Total lease payments
Less imputed interest
Total present value of lease liabilities
42
December 31
2022
2021
5.4 years
7.6 years
5.3 years
4.9 years
3.3 %
2.6 %
3.0 %
3.3 %
Operating
Leases
Finance
Leases
$
145 $
10
118
7
86
4
69
3
54
2
209
4
681
30
95
2
$
586
$
28View entire presentation