Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Amounts in Financial Statements

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

		2022		2021			2020
Consolidated Statements of Earnings
Fixed operating lease expense (a)		$	239	$	246		$	216
Variable operating lease expense		73		59			46
Total operating lease expense		$	312	$	305		$	262
Consolidated Statements of Cash Flows
Cash paid for amounts included in the measurement of operating lease liabilities		$	259	$	243		$	221
ROU assets obtained in exchange for operating lease obligations		212		289			246
Consolidated Balance Sheets				December 31, 2022			December 31, 2021
Lease Assets and Liabilities	Classification
Operating lease ROU assets	Other long-term assets			$	1,001		$	1,041
Operating lease liabilities - current	Accrued expenses and other liabilities			$	199		$	207
Operating lease liabilities - long-term	Other long-term liabilities			863			889
Total operating lease liabilities				$	1,062		$	1,096
Weighted average remaining lease term				8 years			8 years
Weighted average discount rate				2.7		%	2.7		%

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

Maturity of Operating Lease Liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2022 ($ in millions):

2023	$	222
2024	189
2025	156
2026	126
2027	99
Thereafter	401
Total operating lease payments	1,193
Less: imputed interest	(131)
Total operating lease liabilities	$	1,062