Leases (Tables)

12 Months Ended

Dec. 31, 2022

The components of lease expense were as follows:

Supplemental cash flow information related to leases was as follows:


	December 31,
(DOLLARS IN MILLIONS)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow for operating leases	$	135	$	129	$	52

Financing cash flow for finance leases	7		6		4
Right-of-use assets obtained in exchange for lease obligations
Operating leases	60		88		63
Finance leases	7		15		6

Weighted average remaining lease term and discount rate were as follows:


	December 31,
	2022		2021
Weighted average remaining lease term in years
Operating leases	10.1		11.1
Finance leases	4.0		4.3
Weighted average discount rate
Operating leases	4.03	%	2.73	%
Finance leases	2.59	%	1.85	%

Supplemental balance sheet information related to leases was as follows:


	December 31,
(DOLLARS IN MILLIONS)	2022		2021
Operating Leases
Operating lease right-of-use assets	$	636	$	767

Current operating lease obligations(2)	86		109
Operating lease liabilities	565		670
Total operating lease liabilities	$	651	$	779
Finance Leases
Finance lease right-of-use assets(1)	$	22	$	21

Current finance lease obligations(2)	5		5
Finance lease liabilities(3)	12		15
Total finance lease liabilities	$	17	$	20

_______________________

(1)Presented in Other assets in the Consolidated Balance Sheets.

(2)Presented in Other current liabilities in the Consolidated Balance Sheets.

(3)Presented in Other liabilities in the Consolidated Balance Sheets.

Maturities of lease liabilities as of December 31, 2022 were as follows:


(DOLLARS IN MILLIONS)	Operating Leases		Finance Leases		Total
2023	$	111	$	6	$	117
2024	103		3		106
2025	89		4		93
2026	78		3		81
2027	66		2		68
Thereafter	363		—		363
Total undiscounted liabilities	810		18		828
Less: Imputed interest	(159)		(1)		(160)
Total lease liabilities	$	651	$	17	$	668