Annual report pursuant to Section 13 and 15(d)

LEASES LEASES

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LEASES LEASES
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block] LEASES
We have operating leases primarily for real estate, vehicles, and manufacturing and other equipment.
Balance sheet information related to operating leases is as follows (in millions):
 
December 31,
2019

Operating lease ROU assets1
$
1,372

Current portion of operating lease liabilities2
$
281

Noncurrent portion of operating lease liabilities3
1,111

Total operating lease liabilities
$
1,392

1 Operating lease ROU assets are recorded in the line item other assets in our consolidated balance sheet.
2 The current portion of operating lease liabilities is recorded in the line item accounts payable and accrued expenses in our
consolidated balance sheet.
3 The noncurrent portion of operating lease liabilities is recorded in the line item other liabilities in our consolidated balance sheet.
We had operating lease costs of $327 million for the year ended December 31, 2019. During 2019, cash paid for amounts included in the measurement of operating lease liabilities was $339 million. Operating lease ROU assets obtained in exchange for operating lease obligations were $308 million for the year ended December 31, 2019.
Information associated with the measurement of our remaining operating lease obligations as of December 31, 2019 is as follows:
Weighted-average remaining lease term
7 years

Weighted-average discount rate
3
%

Our leases have remaining lease terms of 1 year to 25 years, inclusive of renewal or termination options that we are reasonably certain to exercise.
The following table summarizes the maturity of our operating lease liabilities as of December 31, 2019 (in millions):
2020
$
297

2021
260

2022
221

2023
179

2024
144

Thereafter
444

Total operating lease payments
$
1,545

Less: Imputed interest
153

Total operating lease liabilities
$
1,392

The following table summarizes our minimum lease payments under noncancelable operating leases with initial or remaining lease terms in excess of one year as of December 31, 2018 (in millions):
2019
$
156

2020
87

2021
72

2022
63

2023
45

Thereafter
102

Total minimum operating lease payments
$
525