Meritor Acquisition and 2022 Financial Results
Table of Contents
Supplemental balance sheet information related to leases:
In millions
Assets
Operating lease assets
Finance lease assets(1)
Total lease assets
2022
December 31,
2021
Balance Sheet Location
$
492 $
117
444
Other assets
95 Property, plant and equipment, net
$
609 S
539
Liabilities
Current
Operating lease liabilities
$
132
$
128
Other accrued expenses
Finance lease liabilities
32
14
Current maturities of long-term debt
Long-term
Operating lease liabilities
368
326
Other liabilities
Finance lease liabilities
81
75
Long-term debt
Total lease liabilities
$
613
$
543
(1) Finance lease assets were recorded net of accumulated amortization of $ 78 million and $ 66 million at December 31, 2022 and 2021.
Supplemental cash flow and other information related to leases:
In millions
Years ended December 31,
2022
2021
2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$
Operating cash flows from finance leases
Financing cash flows from finance leases
151
$
4
16
159 $
4
14
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$
148
$
160
$
EA
Finance leases
29
13
Additional information related to leases:
December 31,
2022
2021
Weighted-average remaining lease term (in years)
Operating leases
Finance leases
5.4
7.9
Weighted-average discount rate
Operating leases
Finance leases
93
5.1
9.8
3.7 %
2.8%
4.7%
3.9%
149
4
14
97
19
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