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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease Amounts in Financial Statements | The Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee ($ in millions):
|  | 2023 |  | 2022 |  | 2021 |  |
Consolidated Statements of Earnings |  |  |  |  |  |  |  |
Fixed operating lease expense (a) |  | $ | 207 |  |  | $ | 199 |  |  | $ | 201 |  |  |
Variable operating lease expense |  | 67 |  |  | 60 |  |  | 46 |  |  |
Total operating lease expense |  | $ | 274 |  |  | $ | 259 |  |  | $ | 247 |  |  |
Consolidated Statements of Cash Flows |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 214 |  |  | $ | 219 |  |  | $ | 197 |  |  |
ROU assets obtained in exchange for operating lease obligations |  | 182 |  |  | 188 |  |  | 272 |  |  |
Consolidated Balance Sheets |  |  |  | December 31, 2023 |  | December 31, 2022 |  |
Lease Assets and Liabilities | Classification |  |  |  |  |  |
Operating lease ROU assets | Other long-term assets |  | $ | 1,052 |  |  | $ | 884 |  |  |
Operating lease liabilities - current | Accrued expenses and other liabilities |  | $ | 180 |  |  | $ | 167 |  |  |
Operating lease liabilities - long-term | Other long-term liabilities |  | 954 |  |  | 772 |  |  |
Total operating lease liabilities |  |  |  | $ | 1,134 |  |  | $ | 939 |  |  |
Weighted average remaining lease term |  |  |  | 9 years |  | 8 years |  |
Weighted average discount rate |  |  |  | 3.4 | % |  | 2.7 | % |  |
(a) Includes short-term leases and sublease income, both of which were immaterial.
Maturity of Operating Lease Liabilities | The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2023 ($ in millions):
2024 | $ | 204 |
2025 | 184 |
2026 | 159 |
2027 | 124 |
2028 | 108 |
Thereafter | 539 |
Total operating lease payments | 1,318 |
Less: imputed interest | (184) |
Total operating lease liabilities | $ | 1,134 |

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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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- 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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