Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows:

($ in millions)	Classification in the Condensed Consolidated Statement of Income	Three Months Ended March 31, 2019
Operating lease cost (a)	Cost of sales, exclusive of depreciation and amortization		$9
Operating lease cost (a)	Selling, general and administrative	48
Total operating lease cost			$57
Finance lease cost:
Amortization of right-of-use assets	Depreciation		$1
Interest on lease liabilities	Interest Expense	—
Total finance lease cost			$1
Total lease cost			$58

(a) Includes variable lease costs of $4 million. Short-term lease costs were $1 million during the period.

Schedule of Classification on the Condensed Consolidated Balance Sheet

($ in millions)	Classification on the Condensed Consolidated Balance Sheet	March 31, 2019
Assets:
Operating	Other assets		$726
Finance (a)	Property, plant, and equipment	14
Total leased assets			$740
Liabilities:
Current
Operating	Current portion of operating lease liabilities		$168
Finance	Short-term debt and current portion of long-term debt	3
Noncurrent
Operating	Operating lease liabilities	566
Finance	Long-term debt	9
Total lease liabilities			$746

(a) Net of accumulated depreciation of $15 million.

Schedule of Cash Paid for Lease Liabilities and Right-of-Use Assets Obtained in Exchange for Lease Obligations

($ in millions)	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$52
Operating cash flows from finance leases		$—
Financing cash flows from finance leases		$1
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$34
Finance leases		$—

Schedule of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

	As of March 31, 2019
Weighted-average remaining lease term (in years)
Operating leases	7.4
Finance leases	6.2
Weighted-average discount rate
Operating leases	3.2	%
Finance leases	9.5	%

Schedule of Maturities of Lease Liabilities, Operating Lease

As of March 31, 2019, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases		Finance Leases
Remaining nine months of 2019		$142		$3
2020	155		3
2021	116		3
2022	89		2
2023	70		2
Thereafter	255		4
Total lease payments		$827		$17
Less: Interest	93		5
Total lease obligations		$734		$12

Schedule of Maturities of Lease Liabilities, Finance Lease

As of March 31, 2019, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases		Finance Leases
Remaining nine months of 2019		$142		$3
2020	155		3
2021	116		3
2022	89		2
2023	70		2
Thereafter	255		4
Total lease payments		$827		$17
Less: Interest	93		5
Total lease obligations		$734		$12

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum lease commitments as of December 31, 2018 that have initial or remaining lease terms in excess of one year are as follows:

($ in millions)	Operating Leases		Capital Leases
2019		$207		$3
2020	157		3
2021	116		1
2022	93		1
2023	76		1
Beyond 2023		$244		$3

Schedule of Future Minimum Lease Payments for Capital Leases

As required, the following disclosure is provided for periods prior to adoption. Minimum lease commitments as of December 31, 2018 that have initial or remaining lease terms in excess of one year are as follows:

($ in millions)	Operating Leases		Capital Leases
2019		$207		$3
2020	157		3
2021	116		1
2022	93		1
2023	76		1
Beyond 2023		$244		$3