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Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Maturities of Finance Lease Liabilities
The following table presents our future minimum lease payments as of March 31, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$137 $10 
2022174 13 
2023121 14 
2024114 14 
2025107 14 
Thereafter518 137 
Total minimum lease payments$1,171 $202 
Less: Amount representing interest(250)(51)
Present value of minimum lease payments
$921 $151 
The following table presents the composition of our current and noncurrent lease liabilities as of March 31, 2021 and year-end 2020:
($ in millions)March 31, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$146 $7 $147 $7 
Noncurrent (2)
775 144 823 146 
$921 $151 $970 $153 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets
Maturities of Operating Lease Liabilities
The following table presents our future minimum lease payments as of March 31, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$137 $10 
2022174 13 
2023121 14 
2024114 14 
2025107 14 
Thereafter518 137 
Total minimum lease payments$1,171 $202 
Less: Amount representing interest(250)(51)
Present value of minimum lease payments
$921 $151 
The following table presents the composition of our current and noncurrent lease liabilities as of March 31, 2021 and year-end 2020:
($ in millions)March 31, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$146 $7 $147 $7 
Noncurrent (2)
775 144 823 146 
$921 $151 $970 $153 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.