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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Maturities of Finance Lease Liabilities
The following table presents our future minimum lease payments as of June 30, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$91 $
2022176 13 
2023123 14 
2024115 14 
2025108 14 
Thereafter520 137 
Total minimum lease payments$1,133 $199 
Less: Amount representing interest(240)(49)
Present value of minimum lease payments
$893 $150 
The following table presents the composition of our current and noncurrent lease liabilities as of June 30, 2021 and year-end 2020:
($ in millions)June 30, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$148 $$147 $
Noncurrent (2)
745 143 823 146 
$893 $150 $970 $153 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets
Maturities of Operating Lease Liabilities
The following table presents our future minimum lease payments as of June 30, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$91 $
2022176 13 
2023123 14 
2024115 14 
2025108 14 
Thereafter520 137 
Total minimum lease payments$1,133 $199 
Less: Amount representing interest(240)(49)
Present value of minimum lease payments
$893 $150 
The following table presents the composition of our current and noncurrent lease liabilities as of June 30, 2021 and year-end 2020:
($ in millions)June 30, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$148 $$147 $
Noncurrent (2)
745 143 823 146 
$893 $150 $970 $153 
(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.