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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Net Investment in Sales-Type and Direct Financing Leases
The components of the net investment in sales-type and direct financing leases, at December 31, were as follows:
(Dollars in Millions)20242023
Lease receivables$7,328 $7,239 
Unguaranteed residual values accruing to the lessor’s benefit911 1,082 
Total net investment in sales-type and direct financing leases$8,239 $8,321 
Schedule of Contractual Future Lease Payments to be Received for Sales-Type and Direct Financing Leases
The contractual future lease payments to be received by the Company, at December 31, 2024, were as follows:
(Dollars in Millions)Sales-type and Direct Financing Leases Operating Leases
2025$2,758 $143 
20262,142 104 
20271,804 77 
2028865 52 
2029269 32 
Thereafter335 54 
Total lease payments8,173 $462 
Amounts representing interest(845)
Lease receivables$7,328 
Schedule of Contractual Future Lease Payments to be Received for Operating Leases
The contractual future lease payments to be received by the Company, at December 31, 2024, were as follows:
(Dollars in Millions)Sales-type and Direct Financing Leases Operating Leases
2025$2,758 $143 
20262,142 104 
20271,804 77 
2028865 52 
2029269 32 
Thereafter335 54 
Total lease payments8,173 $462 
Amounts representing interest(845)
Lease receivables$7,328 
Schedule of Amounts Related to Assets Leased
The following table presents amounts relevant to the Company’s assets leased for use in its operations for the years ended December 31:
(Dollars in Millions)202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$389 $409 $294 
Operating cash flows from finance leases7 7 4 
Financing cash flows from finance leases62 49 14 
Right of use assets obtained in exchange for new operating lease liabilities268 230 239 
Right of use assets obtained in exchange for new finance lease liabilities59 25 91 
The following table presents the weighted-average remaining lease terms and discount rates of the Company’s assets leased for use in its operations at December 31:
 20242023
Weighted-average remaining lease term of operating leases (in years)6.76.4
Weighted-average remaining lease term of finance leases (in years)8.18.3
Weighted-average discount rate of operating leases4.0 %3.7 %
Weighted-average discount rate of finance leases7.3 %7.7 %
Schedule of Contractual Future Lease Obligations for Operating Leases
The contractual future lease obligations of the Company at December 31, 2024, were as follows:
(Dollars in Millions)Operating Leases Finance
Leases
2025$324 $38 
2026291 37 
2027248 34 
2028195 26 
2029147 8 
Thereafter382 24 
Total lease payments1,587 167 
Amounts representing interest(218)(18)
Lease liabilities$1,369 $149 
Schedule of Contractual Future Lease Obligations for Finance Leases
The contractual future lease obligations of the Company at December 31, 2024, were as follows:
(Dollars in Millions)Operating Leases Finance
Leases
2025$324 $38 
2026291 37 
2027248 34 
2028195 26 
2029147 8 
Thereafter382 24 
Total lease payments1,587 167 
Amounts representing interest(218)(18)
Lease liabilities$1,369 $149