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Leases (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Maturities of Finance Lease Liabilities
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 $153 
(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets
Maturities of Operating Lease Liabilities
The following table presents our future minimum lease payments as of September 30, 2021:
($ 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.