Leases

9 Months Ended

Sep. 30, 2021

Leases

Leases

14.    Leases

The company enters into operating leases for buildings, warehouses, office equipment, production equipment, aircraft, land and other types of equipment. The company also enters into finance leases for certain plant equipment.

Supplemental balance sheet information related to the company’s leases follows:

		September 30,		December 31,
($ in millions)	Balance Sheet Location	2021		2020
Operating leases:
Operating lease ROU asset	Other assets	$	406	$	302
Current operating lease liabilities	Other current liabilities		79		63
Noncurrent operating lease liabilities	Other liabilities		329		232
Finance leases:
Finance lease ROU assets, net	Property, plant and equipment, net	$	10	$	11
Current finance lease liabilities	Short-term debt and current portion of long-term debt		2		2
Noncurrent finance lease liabilities	Long-term debt		8		10