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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lessee right-of-use assets and liabilities

    

December 31, 

2021

    

2020

(in millions)

Operating Leases:

  

  

Right-of-use assets (other assets)

$

467

$

556

Lease liabilities (accrued expenses and other liabilities)

 

479

 

573

Financing Leases:

 

 

Right-of-use assets (property, plant and equipment, net)

 

56

 

65

Lease liabilities (debt)

 

72

 

81

Operating lease term and discount rate

    

Right-Of-Use

    

Lease

    

    

Discount

 

Operating Leases as of December 31, 2021

Assets

Liabilities

Lease Term

Rate

 

(in millions)

Energy

$

37

$

37

4.1 years

5.4%

Automotive

 

369

 

385

    

4.9 years

    

5.8%

Food Packaging

 

28

 

31

 

10.5 years

 

7.4%

Other segments and Holding Company

 

33

 

26

 

  

 

  

$

467

$

479

    

Right-Of-Use

    

Lease

    

    

Discount

Operating Leases as of December 31, 2020

Assets

Liabilities

Lease Term

Rate

(in millions)

Energy

$

37

$

38

3.1 years

5.5%

Automotive

 

436

 

456

    

4.6 years

    

5.7%

Food Packaging

 

32

 

35

 

11.1 years

 

7.4%

Other segments and Holding Company

 

51

 

44

 

  

 

  

$

556

$

573

Operating and Finance Lease liability maturities

Operating

Financing

Year

    

Leases

    

Leases

(in millions)

2022

$

168

$

16

2023

 

116

 

14

2024

 

85

 

12

2025

 

61

 

12

2026

 

42

 

12

Thereafter

 

89

 

31

Total lease payments

 

561

 

97

Less: imputed interest

 

(82)

 

(25)

$

479

$

72