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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Rent Expense Rent expense for all operating leases for the year ended December 31, 2021, 2020 and 2019 was as follows:

 

 

 

Year Ended December 31,

 

($ in millions)

 

2021(1)

 

 

2020(1)

 

 

2019(1)

 

Minimum rentals

 

$

20

 

 

$

19

 

 

$

19

 

Contingent rentals

 

 

2

 

 

 

1

 

 

 

2

 

 

 

$

22

 

 

$

20

 

 

$

21

 

 

These amounts include short term and variable rent of $2 million, $5 million, and $3 million for the years December 31, 2021, 2020 and 2019, respectively.
Schedule Of Supplemental Cash Flow Information Related To Operating Leases

Supplemental cash flow information related to operating leases was as follows:

 

 

 

Year Ended December 31,

 

($ in millions)

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

21

 

 

$

18

 

Right-of-use assets obtained in exchange for new lease liabilities:

 

 

 

 

 

 

Operating leases

 

 

35

 

 

 

5

 

 

Schedule Of Supplemental Balance Sheet Information Related To Operating Leases

Supplemental balance sheet information related to operating leases was as follows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Weighted-average remaining lease term of operating leases (in years)

 

 

4

 

 

5.4

 

Weighted-average discount rate of operating leases

 

 

4.35

%

 

 

4.95

%

Future Minimum Lease Payments Under Non-Cancelable Operating Leases

The future minimum rent payments under noncancelable operating leases, due in each of the next five years and thereafter as of December 31, 2021, are as follows:

 

($ in millions)

Operating Leases

 

Year

 

 

 

2022

 

 

25

 

2023

 

 

24

 

2024

 

 

17

 

2025

 

 

15

 

2026

 

 

9

 

Thereafter

 

 

6

 

Total future minimum lease payments

 

$

96

 

Less: imputed interest

 

 

(9

)

Present value of lease liabilities

 

$

87