Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of operating lease expense for the years ended December 31 were as follows ($ in millions):


	2020		2019
Fixed operating lease expense (a)	$	216	$	196
Variable operating lease expense	46		45
Total operating lease expense	$	262	$	241

(a) Includes short-term leases and sublease income, both of which were immaterial.

Supplemental cash flow information related to the Company’s operating leases for the years ended December 31 were as follows ($ in millions):


	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	221	$	202
ROU assets obtained in exchange for operating lease obligations	246		145

Lessee, assets and liabilities

The following table presents the lease balances within the Consolidated Balance Sheets, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of December 31 ($ in millions):


		2020			2019
Lease Assets and Liabilities	Classification
Assets:
Operating lease ROU assets	Other long-term assets	$	942		$	764

Liabilities:
Current:
Operating lease liabilities	Accrued expenses and other liabilities	$	189		$	158
Long-term:
Operating lease liabilities	Other long-term liabilities	785			639
Total operating lease liabilities		$	974		$	797

Weighted average remaining lease term		7 years			7 years
Weighted average discount rate		2.8		%	3.1		%

Lessee, operating lease, liability, maturity

The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2020 ($ in millions):


2021	$	213
2022	181
2023	151
2024	128
2025	105
Thereafter	302
Total operating lease payments	1,080
Less: imputed interest	106
Total operating lease liabilities	$	974