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Leases | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Leases | LEASES The Company has leases for corporate offices, manufacturing facilities, research and development facilities and certain transportation and office equipment. The Company’s leases have remaining lease terms of up to 50 years, some of which include options to extend the leases for up to 15 years. The components of lease expense were as follows:
| Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended
(DOLLARS IN MILLIONS) | September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Operating leases |  |  |  |  |  |  |
Operating lease cost | $ | 31 |  |  | $ | 32 |  |  | $ | 95 |  |  | $ | 105 |
Variable lease cost | 14 |  |  | 10 |  |  | 42 |  |  | 42 |
Total operating lease cost | $ | 45 |  |  | $ | 42 |  |  | $ | 137 |  |  | $ | 147 |
Finance leases |  |  |  |  |  |  |
Finance lease cost | $ | 3 |  |  | $ | 3 |  |  | $ | 9 |  |  | $ | 7 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended | Nine Months Ended
(DOLLARS IN MILLIONS) | September 30, 2024 |  | September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows for operating leases | $ | 90 |  |  | $ | 94 |
Operating cash flows for finance leases | 1 |  |  | 1 |
Financing cash flows for finance leases | 7 |  |  | 6 |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | 44 |  |  | 73 |
Finance leases | 12 |  |  | 17 |
Operating lease right-of-use assets are presented in “Operating lease right-of-use assets” and finance lease right-of-use assets are presented in “Other assets” on the Consolidated Balance Sheets. Operating lease liabilities are presented in “Operating lease liabilities” and finance lease liabilities are presented in “Other liabilities” on the Consolidated Balance Sheets. Any other current liabilities related to operating and finance lease liabilities are presented in “Other current liabilities” on the Consolidated Balance Sheets.

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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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