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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Operating Leases LEASES
The Company leases certain land, warehouses, office space, and production, office, and technology equipment, among other items. Most equipment is leased on a monthly basis. Many land, warehouse, and office space leases include renewal terms that can extend the lease term. The exercise of lease renewal options is at our sole discretion. The depreciable life of assets and leasehold improvements is generally limited by the expected lease term. The Company's lease agreements do not generally contain material residual value guarantees, material restrictive covenants, or purchase options. The Company's lease portfolio consists primarily of operating leases.

The following table presents costs and other information related to the Company's leases:
Year Ended December 31
($ in millions)202220212020
Operating lease costs$69 $53 $55 
Short-term operating lease costs$44 $43 $38 
Variable operating lease costs$6 $$
Operating cash flows from operating leases$(65)$(52)$(54)
Right-of-use assets obtained in exchange for new operating lease liabilities$111 $97 $61 
Weighted-average remaining lease term (years) - operating leases9 years8 years10 years
Weighted-average discount rate - operating leases4.5 %3.6 %4.1 %

The undiscounted future non-cancellable lease payments under the Company's operating leases as of December 31, 2022, were as follows:
($ in millions)December 31, 2022
2023$65 
202457 
202549 
202637 
202733 
Thereafter135 
Total lease payments376 
Less: imputed interest78 
Present value of lease liabilities$298 

Lease liabilities included in the Company's consolidated statements of financial position as of December 31, 2022 and 2021, were as follows:
December 31
($ in millions)20222021
Short-term operating lease liabilities$52 $52 
Long-term operating lease liabilities246 194 
Total operating lease liabilities$298 $246