Leases (Tables)

12 Months Ended

Dec. 31, 2023

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):

		2023		2022			2021
Consolidated Statements of Earnings
Fixed operating lease expense (a)		$	207	$	199		$	201
Variable operating lease expense		67		60			46
Total operating lease expense		$	274	$	259		$	247
Consolidated Statements of Cash Flows
Cash paid for amounts included in the measurement of operating lease liabilities		$	214	$	219		$	197
ROU assets obtained in exchange for operating lease obligations		182		188			272
Consolidated Balance Sheets				December 31, 2023			December 31, 2022
Lease Assets and Liabilities	Classification
Operating lease ROU assets	Other long-term assets			$	1,052		$	884
Operating lease liabilities - current	Accrued expenses and other liabilities			$	180		$	167
Operating lease liabilities - long-term	Other long-term liabilities			954			772
Total operating lease liabilities				$	1,134		$	939
Weighted average remaining lease term				9 years			8 years
Weighted average discount rate				3.4		%	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, 2023 ($ in millions):

2024	$	204
2025	184
2026	159
2027	124
2028	108
Thereafter	539
Total operating lease payments	1,318
Less: imputed interest	(184)
Total operating lease liabilities	$	1,134