Leases

9 Months Ended

Sep. 30, 2024

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 and an aircraft. Supplemental balance sheet information related to the company’s leases follows:

		September 30,		December 31,
($ in millions)	Balance Sheet Location	2024		2023
Operating leases:
Operating lease ROU asset	Other assets	$	318	$	365
Current operating lease liabilities	Other current liabilities		78		83
Noncurrent operating lease liabilities	Other liabilities		249		287
Finance leases:
Finance lease ROU assets, net	Property, plant and equipment, net		32		8
Current finance lease liabilities	Short-term debt and current portion of long-term debt		27		3
Noncurrent finance lease liabilities	Long-term debt		5		7