Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Liabilities

Lease liabilities at December 31 were:

in $ millions	2023	2022
Current:
Operating lease liabilities	255	238
Finance lease liabilities	31	22
Noncurrent:
Operating lease liabilities	1,125	1,000
Finance lease liabilities	86	59
Total lease liabilities	1,497	1,319

Finance Lease, Liability, to be Paid, Maturity

The maturity analysis for the discounted and undiscounted lease liability arising from the Company’s leasing activities at December 31, 2023 was:

in $ millions	Operating leases	Finance leases
2024	261	31
2025	221	27
2026	180	23
2027	144	15
2028	122	10
Thereafter	810	57
Total minimum lease payments	1,738	163
Less: lease payments representing interest	(358)	(46)
Present value of future minimum lease payments	1,380	117
Less: current portion of lease liabilities	(255)	(31)
Noncurrent portion of lease liabilities	1,125	86

Lessee, Operating Lease, Liability, to be Paid, Maturity

The maturity analysis for the discounted and undiscounted lease liability arising from the Company’s leasing activities at December 31, 2023 was:

in $ millions	Operating leases	Finance leases
2024	261	31
2025	221	27
2026	180	23
2027	144	15
2028	122	10
Thereafter	810	57
Total minimum lease payments	1,738	163
Less: lease payments representing interest	(358)	(46)
Present value of future minimum lease payments	1,380	117
Less: current portion of lease liabilities	(255)	(31)
Noncurrent portion of lease liabilities	1,125	86

Schedule Of Lease Costs And Disclosure In Income Statement

The components of lease expense for the years ended December 31 were:

in $ millions	2023	2022	2021
Finance leases
Amortization of right-of-use-assets	19	20	22
Interest on lease liabilities	3	3	3
Operating leases	293	255	265
Short-term leases	329	273	239
Variable leases	85	94	97
Total lease expense (i)	729	645	626

(i) Income from subleasing transactions were not material for the Company.

The weighted average remaining lease term and discount rates at December 31 were:

	2023		2022
Weighted average remaining lease term (years)
Operating leases	12		12
Finance leases	13		15
Weighted average discount rate (%)
Operating leases	3.63	%	3.44	%
Finance leases	4.07	%	3.85	%

The supplemental cash flow information for the years ended December 31 were:

in $ millions	2023	2022	2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	(276)	(269)	(299)
Financing cash flows from finance leases	(26)	(28)	(29)
Non cash investing and financing activities
Leased assets obtained in exchange for new operating lease liabilities	232	130	180
Leased assets obtained in exchange for new finance lease liabilities	51	24	30