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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components Of Lease Cost

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Lease cost:

Finance lease cost:

Amortization of right-of-use assets

$

30

$

25 

$

19 

Interest on lease liabilities

23

16 

9 

Finance lease cost

53

41 

28 

Operating lease cost (1)

57

61 

62 

Sublease income

(10)

(15)

(12)

Total lease cost

$

100

$

87 

$

78 

(1)Includes short-term lease costs of $2 million, $2 million and $3 million for the year ended December 31, 2024, 2023 and 2022, respectively. Includes variable lease costs of $3 million, $5 million and $5 million for the year ended December 31, 2024, 2023 and 2022, respectively.

Supplemental Balance Sheet Information Related To Leases

($ in millions)

December 31, 2024

December 31, 2023

Operating right-of-use assets

$

194

(1)

$

181

(1)

Finance right-of-use assets

$

246

(2)

$

179

(2)

Operating lease liabilities

$

204

(3)

$

195

(3)

Finance lease liabilities

$

269

(4)

$

209

(4)

Operating leases:

Weighted-average remaining lease term

7.43

years

7.72

years

Weighted-average discount rate

5.96

%

5.92

%

Finance leases:

Weighted-average remaining lease term

8.87

years

10.72

years

Weighted-average discount rate

6.99

%

7.18

%

(1)Operating ROU assets are included in Other assets on our consolidated balance sheet.

(2)Finance ROU assets are included in Property, plant, and equipment on our consolidated balance sheets.

(3)This amount represents $43 million and $161 million, and $41 million and $154 million, included in other current liabilities and other liabilities, respectively, on our December 31, 2024 and 2023 consolidated balance sheets.

(4)This amount represents $46 million and $223 million, and $28 million and $181 million, included in other current liabilities and other liabilities, respectively, on our December 31, 2024 and 2023 consolidated balance sheets.

Supplemental Cash Flow Information Related To Leases

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Cash paid for amount included in the measurement of lease liabilities, net of amounts received as revenue:

Operating cash flows provided by operating leases

$

52 

$

62 

$

63 

Operating cash flows used by operating leases

$

(57)

$

(61)

$

(62)

Operating cash flows used by finance leases

$

(23)

$

(15)

$

(9)

Financing cash flows used by finance leases

$

(31)

$

(25)

$

(19)

Right-of-use assets obtained in exchange for lease liabilities:

Operating leases

$

45 

$

36 

$

44 

Finance leases

$

89 

$

60 

$

4 

Maturity Analysis For Operating And Finance Lease Liabilities

Operating

Finance

($ in millions)

Leases

Leases

Future maturities:

2025

$

42

$

53

2026

38

51

2027

34

46

2028

31

40

2029

25

26

Thereafter

62

106

Total lease payments

232

322

Less: imputed interest

(28)

(53)

Present value of lease liabilities

$

204

$

269

Maturity Analysis For Operating Leases From Customers

Operating

($ in millions)

Lease Payments

Future maturities of lease payments from customers:

2025

$

10

2026

10

2027

10

2028

9

2029

7

Thereafter

1

Total lease payments from customers

$

47