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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases  
Lessee right-of-use assets and liabilities

    

June 30, 

    

December 31, 

2023

2022

(in millions)

Operating Leases:

  

  

Right-of-use assets (other assets)

$

509

$

478

Lease liabilities (accrued expenses and other liabilities)

 

517

 

484

Financing Leases:

 

 

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

 

49

 

48

Lease liabilities (debt)

 

65

 

64

Operating lease term and discount rate

    

Right-Of-Use

    

Lease

    

    

Discount

 

Operating Leases as of June 30, 2023

Assets

Liabilities

Lease Term

Rate

 

(in millions)

Energy

$

40

$

38

3.9 years

5.5%

Automotive

 

426

 

439

    

5.3 years

    

5.9%

Food Packaging

 

23

 

26

 

9.5 years

 

7.4%

Other segments and Holding Company

 

20

 

14

 

  

 

  

$

509

$

517

    

Right-Of-Use

    

Lease

    

    

Discount

Operating Leases as of December 31, 2022

Assets

Liabilities

Lease Term

Rate

(in millions)

Energy

$

40

$

40

4.1 years

5.2%

Automotive

 

386

 

395

    

4.7 years

    

5.9%

Food Packaging

 

24

 

27

 

9.8 years

 

7.4%

Other segments and Holding Company

 

28

 

22

 

  

 

  

$

478

$

484