Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Liabilities

Lease liabilities at December 31 were:

in $ millions	2024	2023
Current:
Operating lease liabilities	265	255
Finance lease liabilities	67	31
Noncurrent:
Operating lease liabilities	1,074	1,125
Finance lease liabilities	190	86
Total lease liabilities	1,596	1,497

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, 2024, was:

in $ millions	Operating leases	Finance leases
2025	279	70
2026	230	62
2027	182	51
2028	153	39
2029	107	22
Thereafter	755	133
Total minimum lease payments	1,706	377
Less: lease payments representing interest	(367)	(120)
Present value of future minimum lease payments	1,339	257
Less: current portion of lease liabilities	(265)	(67)
Noncurrent portion of lease liabilities	1,074	190

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, 2024, was:

in $ millions	Operating leases	Finance leases
2025	279	70
2026	230	62
2027	182	51
2028	153	39
2029	107	22
Thereafter	755	133
Total minimum lease payments	1,706	377
Less: lease payments representing interest	(367)	(120)
Present value of future minimum lease payments	1,339	257
Less: current portion of lease liabilities	(265)	(67)
Noncurrent portion of lease liabilities	1,074	190

Schedule Of Lease Costs And Disclosure In Income Statement

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

in $ millions	2024	2023	2022
Finance leases
Amortization of right-of-use-assets	45	19	20
Interest on lease liabilities	7	3	3
Operating leases	262	293	255
Short-term leases	301	329	273
Variable leases	80	85	94
Total lease expense (i)	695	729	645

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

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

	2024		2023
Weighted average remaining lease term (years)
Operating leases	10		12
Finance leases	11		13
Weighted average discount rate (%)
Operating leases	3.86	%	3.63	%
Finance leases	5.10	%	4.07	%

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

in $ millions	2024	2023	2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	(287)	(276)	(269)
Financing cash flows from finance leases	(57)	(26)	(28)
Non-cash investing and financing activities
Leased assets obtained in exchange for new operating lease liabilities	195	232	130
Leased assets obtained in exchange for new finance lease liabilities	99	51	24