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Leases (Tables) | 12 Months Ended
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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

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- Definition Liabilities, Lessee + References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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