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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of components of lease expense

December 31,

($ in millions)

2024

    

2023

Operating lease expense

$

(98)

$

(100)

Financing lease expense

(4)

(2)

Variable lease expense

(11)

(10)

Sublease income

2

3

Net lease expense

$

(111)

$

(109)

Schedule of supplemental cash flow information related to leases

December 31,

($ in millions)

2024

    

2023

Cash paid for amounts included in the measurements of lease liabilities:

Operating cash outflows for operating leases

$

(97)

$

(113)

Financing cash outflows for finance leases

(3)

(3)

ROU assets obtained in exchange for:

Operating lease obligations

53

64

Finance lease obligations

24

Schedule of supplemental balance sheet information related to leases

December 31,

($ in millions)

Balance Sheet Location

2024

2023

Operating leases:

Operating lease ROU asset

Other assets

$

334

$

365

Current operating lease liabilities

Other current liabilities

79

83

Noncurrent operating lease liabilities

Other liabilities

265

287

Finance leases:

Finance lease ROU assets, net

Property, plant and equipment, net

31

8

Current finance lease liabilities

Short-term debt and current portion of long-term debt

26

3

Noncurrent finance lease liabilities

Long-term debt

5

7

Schedule of weighted average remaining lease term and weighted average discount rate of leases

December 31,

2024

2023

Weighted average remaining lease term in years:

Operating leases

7

8

Finance leases

1

5

Weighted average discount rate:

Operating leases

4.4

%

4.1

%

Finance leases

4.8

%

3.0

%

Schedule of the maturities of operating lease liabilities

($ in millions)

Operating Leases

Finance Leases

2025

$

83

$

26

2026

66

2

2027

55

1

2028

45

1

2029

33

1

Thereafter

97

Future value of lease liabilities

379

31

Less: Imputed interest

(35)

Present value of lease liabilities

$

344

$

31

Schedule of the maturities of Finance lease liabilities

($ in millions)

Operating Leases

Finance Leases

2025

$

83

$

26

2026

66

2

2027

55

1

2028

45

1

2029

33

1

Thereafter

97

Future value of lease liabilities

379

31

Less: Imputed interest

(35)

Present value of lease liabilities

$

344

$

31