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Leases
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Leases LEASES
The following table presents our future minimum lease payments as of September 30, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$43 $3 
2022175 14 
2023121 14 
2024114 14 
2025106 14 
Thereafter509 137 
Total minimum lease payments$1,068 $196 
Less: Amount representing interest(226)(48)
Present value of minimum lease payments
$842 $148 
The following table presents the composition of our current and noncurrent lease liabilities as of September 30, 2021 and year-end 2020:
($ in millions)September 30, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$145 $7 $147 $7 
Noncurrent (2)
697 141 823 146 
$842 $148 $970 $153 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.
As of September 30, 2021, we had entered into an agreement that we expect to account for as an operating lease with a 20-year term for our new headquarters office, which is not reflected in our Balance Sheets or in the table above as the lease has not commenced.
Leases LEASES
The following table presents our future minimum lease payments as of September 30, 2021:
($ in millions)Operating LeasesFinance Leases
2021, remaining
$43 $3 
2022175 14 
2023121 14 
2024114 14 
2025106 14 
Thereafter509 137 
Total minimum lease payments$1,068 $196 
Less: Amount representing interest(226)(48)
Present value of minimum lease payments
$842 $148 
The following table presents the composition of our current and noncurrent lease liabilities as of September 30, 2021 and year-end 2020:
($ in millions)September 30, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Current (1)
$145 $7 $147 $7 
Noncurrent (2)
697 141 823 146 
$842 $148 $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.
As of September 30, 2021, we had entered into an agreement that we expect to account for as an operating lease with a 20-year term for our new headquarters office, which is not reflected in our Balance Sheets or in the table above as the lease has not commenced.