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LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Composition of Lease Expense and Supplemental Cash Flows
The following table details the composition of lease expense for 2020 and 2019:
($ in millions)20202019
Operating lease cost
$157 $185 
Variable lease cost60 113 
The following table presents supplemental cash flow information for 2020 and 2019:
($ in millions)20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases$162 $176 
Operating cash outflows for finance leases7 7 
Financing cash outflows for finance leases6 6 
Lease assets obtained in exchange for lease obligations:
Operating leases35 89 
Maturities of Finance Lease Liabilities
The following table presents our future minimum lease payments at year-end 2020:
($ in millions)Operating LeasesFinance Leases
2021$184 $13 
2022176 13 
2023124 14 
2024116 14 
2025106 14 
Thereafter529 138 
Total minimum lease payments$1,235 $206 
Less: Amount representing interest265 53 
Present value of minimum lease payments$970 $153 
Maturities of Operating Lease Liabilities
The following table presents our future minimum lease payments at year-end 2020:
($ in millions)Operating LeasesFinance Leases
2021$184 $13 
2022176 13 
2023124 14 
2024116 14 
2025106 14 
Thereafter529 138 
Total minimum lease payments$1,235 $206 
Less: Amount representing interest265 53 
Present value of minimum lease payments$970 $153 
Assets And Liabilities, Lessee
The following table presents the composition of our current and noncurrent lease liability at year-end 2020 and 2019:
($ in millions)December 31, 2020December 31, 2019
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$147 $7 $130 $6 
Noncurrent (2)
823 146 882 151 
$970 $153 $1,012 $157 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.
Lease Terms and Discount Rate
The following table presents additional information about our lease obligations at year-end 2020 and 2019:
20202019
Operating leasesFinance leasesOperating leasesFinance leases
Weighted Average Remaining Lease Term (in years)10131114
Weighted Average Discount Rate4.6 %4.4 %4.8 %4.4 %