Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of lease-related assets and liabilities

The following table presents our lease-related assets and liabilities at December 31, 2024 and 2023 (dollars in millions):

	Balance Sheet Classification	2024			2023
Assets:
Operating leases	Right-of-use operating lease assets	$	2,131		$	2,207
Finance leases	Property and equipment		646			556
Total lease assets		$	2,777		$	2,763
Liabilities:
Current:
Operating leases	Other accrued expenses	$	343		$	363
Finance leases	Long-term debt due within one year		162			166
Noncurrent:
Operating leases	Right-of-use operating lease obligations		1,863			1,903
Finance leases	Long-term debt		624			541
Total lease liabilities		$	2,992		$	2,973
Weighted-average remaining term:
Operating leases		11.3 years			11.8 years
Finance leases		10.5 years			9.0 years
Weighted-average discount rate:
Operating leases			5.1	%		4.9	%
Finance leases			5.3	%		4.9	%

Schedule of lease expense for finance and operating leases

	2024		2023		2022
Finance lease expense:
Depreciation and amortization	$	159	$	164	$	163
Interest		37		31		29
Operating leases(1)		503		495		484
Short-term lease expense(1)		365		337		329
Variable lease expense(1)		181		162		163
	$	1,245	$	1,189	$	1,168

Expenses are included in “other operating expenses” in our consolidated income statements.

Schedule of supplemental cash flow information

The following table presents supplemental cash flow information for the years ended December 31, 2024, 2023 and 2022 (dollars in millions):

	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	490	$	479	$	473
Operating cash flows for finance leases		37		31		29
Financing cash flows for finance leases		172		140		124

Schedule of undiscounted cash flows to the finance lease liabilities and operating lease liabilities recorded on balance sheet

The following table reconciles the undiscounted minimum lease payment amounts to the operating and finance lease liabilities recorded on the balance sheet at December 31, 2024 and 2023 (dollars in millions):

	2024						2023
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Year 1	$	455		$	197		$	452		$	193
Year 2		405			146			394			155
Year 3		344			99			340			115
Year 4		281			81			288			60
Year 5		221			71			228			45
Thereafter		1,460			497			1,540			356
Total minimum lease payments		3,166			1,091			3,242			924
Less: amount of lease payments representing interest		(960	)		(305	)		(976	)		(217	)
Present value of future minimum lease payments		2,206			786			2,266			707
Less: current lease obligations		(343	)		(162	)		(363	)		(166	)
Long-term lease obligations	$	1,863		$	624		$	1,903		$	541