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Leases | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Leases | Leases We are the lessee in contracts for our office space tenancies, for leased vehicles, and for some leases of land in our global development business. At times, we enter into ground leases on development projects in our REI segment. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. Supplemental balance sheet information related to our leases is as follows (dollars in millions):
Category |  | Classification |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 1,122 |  |  | $ | 1,030 |
Financing |  | Other assets, net |  | 231 |  |  | 210 |
Total leased assets |  |  |  | $ | 1,353 |  |  | $ | 1,240 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 229 |  |  | $ | 242 |
Financing |  | Other current liabilities |  | 41 |  |  | 36 |
Non-current: |  |  |  |  |  |
Operating |  | Non-current operating lease liabilities |  | 1,205 |  |  | 1,089 |
Financing |  | Other liabilities |  | 88 |  |  | 72 |
Total lease liabilities |  |  |  | $ | 1,563 |  |  | $ | 1,439 |
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
| Nine Months Ended September 30,
| 2024 |  | 2023
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 89 |  |  | $ | 116 |
Right-of-use assets obtained in exchange for new financing lease liabilities | 58 |  |  | 37 |
Other non-cash increases (decreases) in operating lease right-of-use assets (1) | 132 |  |  | (7) |
Other non-cash decreases in financing lease right-of-use assets (1) | (9) |  |  | (2) |
________________________________________________________________________________________________________________________________________ (1)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.
Leases | Leases We are the lessee in contracts for our office space tenancies, for leased vehicles, and for some leases of land in our global development business. At times, we enter into ground leases on development projects in our REI segment. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. Supplemental balance sheet information related to our leases is as follows (dollars in millions):
Category |  | Classification |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 1,122 |  |  | $ | 1,030 |
Financing |  | Other assets, net |  | 231 |  |  | 210 |
Total leased assets |  |  |  | $ | 1,353 |  |  | $ | 1,240 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 229 |  |  | $ | 242 |
Financing |  | Other current liabilities |  | 41 |  |  | 36 |
Non-current: |  |  |  |  |  |
Operating |  | Non-current operating lease liabilities |  | 1,205 |  |  | 1,089 |
Financing |  | Other liabilities |  | 88 |  |  | 72 |
Total lease liabilities |  |  |  | $ | 1,563 |  |  | $ | 1,439 |
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
| Nine Months Ended September 30,
| 2024 |  | 2023
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 89 |  |  | $ | 116 |
Right-of-use assets obtained in exchange for new financing lease liabilities | 58 |  |  | 37 |
Other non-cash increases (decreases) in operating lease right-of-use assets (1) | 132 |  |  | (7) |
Other non-cash decreases in financing lease right-of-use assets (1) | (9) |  |  | (2) |
________________________________________________________________________________________________________________________________________ (1)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations

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- References No definition available. + Details
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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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