Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense for the years ended December 31, 2021, 2020 and 2019 were as follows:

($ in millions)	Classification in the Consolidated Statement of Income	2021	2020	2019
Operating lease cost	Cost of sales, exclusive of depreciation and amortization	$41	$34	$34
Operating lease cost	Selling, general and administrative	219	206	198
Total operating lease cost		$260	$240	$232
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$2	$2	$2
Interest on lease liabilities	Interest expense	1	1	1
Total finance lease cost		$3	$3	$3
Total lease cost		$263	$243	$235

Total operating lease cost for the years ended December 31, 2021, 2020 and 2019 is inclusive of the following:

($ in millions)	2021	2020	2019
Variable lease costs	$18	$17	$15
Short-term lease costs	$16	$8	$5

The lease amounts included in

Schedule of Classification on the Condensed Consolidated Balance Sheet

($ in millions)	Classification on the Consolidated Balance Sheet	2021	2020
Assets:
Operating	Operating lease right-of-use assets	$891	$847
Finance(1)	Property, plant, and equipment, net	13	17
Total leased assets		$904	$864
Liabilities:
Current
Operating	Current portion of operating lease liabilities	$192	$180
Finance	Short-term debt and current portion of long-term debt	3	3
Noncurrent
Operating	Operating lease liabilities	$693	$677
Finance	Long-term debt	7	9
Total lease liabilities		$895	$869

(1)Net of accumulated depreciation of $13 million as of December 31, 2021 and 2020.

Supplemental cash flow information related to leases for the years ended December 31, 2021, 2020 and 2019 was as follows:

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

($ in millions)	2021	2020	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$224	$212	$210
Operating cash flows paid for finance leases	$1	$1	$1
Financing cash flows paid for finance leases	$3	$2	$4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$253	$227	$219
Finance leases	$—	$4	$1

Lease terms and discount rates as of December 31, 2021, 2020 and 2019 were as follows:

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

	2021		2020		2019
Weighted-average remaining lease term (in years)
Operating leases	7.1		7.4		7.4
Finance leases	6.4		6.1		6.2
Weighted-average discount rate
Operating leases	2.1	%	2.4	%	3.0	%
Finance leases	5.8	%	7.0	%	9.4	%

Schedule of Maturities of Lease Liabilities, Operating Lease

As of December 31, 2021, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases	Finance Leases
2022	$210	$3
2023	170	3
2024	133	2
2025	103	1
2026	80	1
Thereafter	262	2
Total lease payments	$958	$12
Less: Interest	73	2
Total lease obligations	$885	$10

Schedule of Maturities of Lease Liabilities, Finance Lease

As of December 31, 2021, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases	Finance Leases
2022	$210	$3
2023	170	3
2024	133	2
2025	103	1
2026	80	1
Thereafter	262	2
Total lease payments	$958	$12
Less: Interest	73	2
Total lease obligations	$885	$10