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Leasing (Tables)
6 Months Ended
Jun. 30, 2025
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 June 30, 2025, and that have noncancelable lease terms expiring after June 30, 2025.
($ in millions)
2025$19 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows103 
Difference between undiscounted cash flows and discounted cash flows(5)
Total lease liability$98 
Schedule of Lease, Cost
The following table details the components of total net operating lease expense.
Three months ended June 30,Six months ended June 30,
($ in millions)2025202420252024
Operating lease expense$8 $$16 $15 
Variable lease expense1 2 
Total lease expense, net (a)$9 $$18 $17 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income.
Schedule of Property Subject to or Available for Operating Lease
The following table details our investment in operating leases.
($ in millions)June 30, 2025December 31, 2024
Vehicles$9,376 $9,519 
Accumulated depreciation(1,384)(1,528)
Investment in operating leases, net$7,992 $7,991 
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after June 30, 2025.
($ in millions)
2025$698 
20261,130 
2027600 
2028105 
20299 
Total lease payments from operating leases$2,542 
Schedule of Depreciation Expense on Operating Lease Assets The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended June 30,Six months ended June 30,
($ in millions)2025202420252024
Depreciation expense on operating lease assets (excluding remarketing (gains) losses) (a)$216 $214 $437 $452 
Remarketing (gains) losses, net (59)19 (105)
Net depreciation expense on operating lease assets$216 $155 $456 $347 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $12 million for the three months and six months ended June 30, 2025, respectively, and $6 million and $10 million for the three months and six months ended June 30, 2024.
Schedule of Finance Lease, Liability, Maturity
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after June 30, 2025.
($ in millions)
2025$98 
2026171 
2027135 
202891 
202946 
2030 and thereafter23 
Total undiscounted cash flows564 
Difference between undiscounted cash flows and discounted cash flows(76)
Present value of lease payments recorded as lease receivable$488