Leasing (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2024, and that have noncancelable lease terms expiring after December 31, 2024.

Year ended December 31, ($ in millions)
2025	$	38
2026	35
2027	25
2028	17
2029	1
2030 and thereafter	1
Total undiscounted cash flows	117
Difference between undiscounted cash flows and discounted cash flows	(6)
Total lease liability	$	111

Schedule of Lease, Cost

The following table details the components of total net operating lease expense.

Year ended December 31, ($ in millions)	2024		2023		2022
Operating lease expense	$	30	$	29	$	33
Variable lease expense	4		5		4
Total lease expense, net (a)	$	34	$	34	$	37

(a)Included in other operating expenses in our Consolidated Statement of Income.

Schedule of Property Subject to or Available for Operating Lease

The following table details our investment in operating leases.

Year ended December 31, ($ in millions)	2024		2023
Vehicles	$	9,519	$	11,015
Accumulated depreciation	(1,528)		(1,930)
Investment in operating leases, net	$	7,991	$	9,085

Schedule of Lessor, Operating Lease, Payments to be Received, Maturity

The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2024.

Year ended December 31, ($ in millions)
2025	$	1,269
2026	881
2027	369
2028	35
2029	3
Total lease payments from operating leases	$	2,557

Schedule of Depreciation Expense on Operating Lease Assets

The following table summarizes the components of depreciation expense on operating lease assets.

Year ended December 31, ($ in millions)	2024		2023		2022
Depreciation expense on operating lease assets (excluding remarketing gains) (a)	$	868	$	1,051	$	1,084
Remarketing gains, net	(132)		(211)		(170)
Net depreciation expense on operating lease assets	$	736	$	840	$	914

(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $21 million, $9 million, and $7 million during the years ended December 31, 2024, 2023, and 2022, respectively.

Schedule of Finance Lease, Liability, Maturity

The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2024.

Year ended December 31, ($ in millions)
2025	$	188
2026	159
2027	122
2028	64
2029	32
2030 and thereafter	11
Total undiscounted cash flows	576
Difference between undiscounted cash flows and discounted cash flows	(80)
Present value of lease payments recorded as lease receivable	$	496