Leases (Tables)

12 Months Ended

Dec. 31, 2024

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):

		2024		2023			2022
Consolidated Statements of Earnings
Fixed operating lease expense(a)		$	239	$	207		$	199
Variable operating lease expense		60		67			60
Total operating lease expense		$	299	$	274		$	259
Consolidated Statements of Cash Flows
Cash paid for amounts included in the measurement of operating lease liabilities		$	245	$	214		$	219
ROU assets obtained in exchange for operating lease obligations		320		182			188
Consolidated Balance Sheets				December 31, 2024			December 31, 2023
Lease Assets and Liabilities	Classification
Operating lease ROU assets	Other long-term assets			$	1,084		$	1,052
Operating lease liabilities - current	Accrued expenses and other liabilities			$	173		$	180
Operating lease liabilities - long-term	Other long-term liabilities			968			954
Total operating lease liabilities				$	1,141		$	1,134
Weighted average remaining lease term				9 years			9 years
Weighted average discount rate				4.2		%	3.4		%

(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, 2024 ($ in millions):

2025	$	212
2026	190
2027	153
2028	134
2029	120
Thereafter	584
Total operating lease payments	1,393
Less: imputed interest	(252)
Total operating lease liabilities	$	1,141