Leases (Notes)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lessee, Operating Leases [Text Block]

15. LEASES

Total Lease Cost

Total lease cost is included in Product and Service costs in the consolidated statement of earnings and comprehensive income and is recorded net of immaterial sublease income. Total lease cost is comprised of the following:

	Year Ended December 31
$ in millions	2020		2019
Operating lease cost	$	320	$	318
Variable lease cost	28		11
Short-term lease cost	93		75
Total lease cost	$	441	$	404

Rental expense for operating leases classified under ASC 840 for the year ended December 31, 2018 was $375 million. This amount is net of immaterial amounts of sublease income.

Supplemental Balance Sheet Information

Supplemental operating lease balance sheet information consists of the following:

	Year Ended December 31
$ in millions	2020		2019
Operating lease right-of-use assets	$	1,533	$	1,511
Other current liabilities	263		261
Operating lease liabilities	1,343		1,308
Total operating lease liabilities	$	1,606	$	1,569

Other Supplemental Information

Other supplemental operating lease information consists of the following:

	Year Ended December 31
$ in millions	2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	275		$	307
Right-of-use assets obtained in exchange for new lease liabilities	345			462
Weighted average remaining lease term	12.1 years			11.6 years
Weighted average discount rate	3.5		%	3.8		%

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2020 are as follows:

$ in millions
Year Ending December 31
2021	$	298
2022	267
2023	228
2024	185
2025	142
Thereafter	902
Total lease payments	2,022
Less: imputed interest	(416)
Present value of operating lease liabilities	$	1,606

As of December 31, 2020, we have approximately $361 million in rental commitments for real estate leases that have not yet commenced. These leases are expected to commence in 2021 with lease terms of 4 to 15 years.