XML 54 R43.htm IDEA: XBRL DOCUMENT v3.25.3
Leasing (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of September 30, 2025, and that have noncancelable lease terms expiring after September 30, 2025.
($ in millions)
2025$10 
202638 
202730 
202821 
20293 
2030 and thereafter13 
Total undiscounted cash flows115 
Difference between undiscounted cash flows and discounted cash flows(9)
Total lease liability$106 
Schedule of Lease, Cost
The following table details the components of total net operating lease expense.
Three months ended September 30,Nine months ended September 30,
($ in millions)2025202420252024
Operating lease expense$7 $$23 $22 
Variable lease expense1 3 
Total lease expense, net (a)$8 $$26 $25 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income.
Schedule of Property Subject to or Available for Operating Lease
The following table details our investment in operating leases.
($ in millions)September 30, 2025December 31, 2024
Vehicles$9,944 $9,519 
Accumulated depreciation(1,345)(1,528)
Investment in operating leases, net$8,599 $7,991 
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after September 30, 2025.
($ in millions)
2025$391 
20261,336 
2027807 
2028226 
202920 
2030 and thereafter1 
Total lease payments from operating leases$2,781 
Schedule of Depreciation Expense on Operating Lease Assets The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended September 30,Nine months ended September 30,
($ in millions)2025202420252024
Depreciation expense on operating lease assets (excluding remarketing (gains) losses) (a)$226 $193 $663 $645 
Remarketing (gains) losses, net(1)(24)18 (129)
Net depreciation expense on operating lease assets$225 $169 $681 $516 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $5 million and $17 million for the three months and nine months ended September 30, 2025, respectively, and $6 million and $16 million for the three months and nine months ended September 30, 2024.
Schedule of Finance Lease, Liability, Maturity
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after September 30, 2025.
($ in millions)
2025$51 
2026177 
2027144 
2028110 
202954 
2030 and thereafter31 
Total undiscounted cash flows567 
Difference between undiscounted cash flows and discounted cash flows(76)
Present value of lease payments recorded as lease receivable$491