Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, cost

The Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee ($ in millions):

		2021		2020			2019
Consolidated Statements of Earnings
Fixed operating lease expense (a)		$	246	$	216		$	196
Variable operating lease expense		59		46			45
Total operating lease expense		$	305	$	262		$	241
Consolidated Statements of Cash Flows
Cash paid for amounts included in the measurement of operating lease liabilities		$	243	$	221		$	202
ROU assets obtained in exchange for operating lease obligations		289		246			145
Consolidated Balance Sheets				December 31, 2021			December 31, 2020
Lease Assets and Liabilities	Classification
Operating lease ROU assets	Other long-term assets			$	1,041		$	942
Operating lease liabilities - current	Accrued expenses and other liabilities			$	207		$	189
Operating lease liabilities - long-term	Other long-term liabilities			889			785
Total operating lease liabilities				$	1,096		$	974
Weighted average remaining lease term				8 years			7 years
Weighted average discount rate				2.7		%	2.8		%

(a) Includes short-term leases and sublease income, both of which were immaterial.

Lessee, operating lease, liability, maturity

The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2021 ($ in millions):

2022	$	232
2023	190
2024	160
2025	130
2026	105
Thereafter	400
Total operating lease payments	1,217
Less: imputed interest	(121)
Total operating lease liabilities	$	1,096