LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Composition of Lease Expense and Supplemental Cash Flows

The following table details the composition of lease expense for 2022, 2021, and 2020:

($ in millions)	2022		2021		2020
Operating lease cost	$	165	$	149	$	157
Variable lease cost	90		51		60

The following table presents additional information about our lease obligations at year-end 2022 and 2021:

	2022				2021
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted Average Remaining Lease Term (in years)	13		11		14		12
Weighted Average Discount Rate	4.4	%	4.3	%	4.2	%	4.4	%

The following table presents supplemental cash flow information for 2022 and 2021:

($ in millions)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	191	$	181
Lease assets obtained in exchange for lease obligations:
Operating leases	75		463

Maturities of Finance Lease Liabilities

The following table presents our future minimum lease payments at year-end 2022:

($ in millions)	Operating Leases		Finance Leases
2023	$	157	$	14
2024	154		14
2025	148		14
2026	119		15
2027	85		15
Thereafter	844		107
Total minimum lease payments	$	1,507	$	179
Less: Amount representing interest	367		40
Present value of minimum lease payments	$	1,140	$	139

Maturities of Operating Lease Liabilities

The following table presents our future minimum lease payments at year-end 2022:

($ in millions)	Operating Leases		Finance Leases
2023	$	157	$	14
2024	154		14
2025	148		14
2026	119		15
2027	85		15
Thereafter	844		107
Total minimum lease payments	$	1,507	$	179
Less: Amount representing interest	367		40
Present value of minimum lease payments	$	1,140	$	139

Assets And Liabilities, Lessee

The following table presents the composition of our current and noncurrent lease liability at year-end 2022 and 2021:

($ in millions)	December 31, 2022				December 31, 2021
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Current (1)	$	106	$	8	$	150	$	7
Noncurrent (2)	1,034		131		1,098		139
	$	1,140	$	139	$	1,248	$	146

(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.

(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.