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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Net Investment in Sales-Type and Direct Financing Leases
The components of the net investment in sales-type and direct financing leases, at December 31, were as follows:
(Dollars in Millions)20232022
Lease receivables$7,239 $8,731 
Unguaranteed residual values accruing to the lessor’s benefit1,082 1,323 
Total net investment in sales-type and direct financing leases$8,321 $10,054 
Schedule of Contractual Future Lease Payments to be Received for Sales-Type and Direct Financing Leases
The contractual future lease payments to be received by the Company, at December 31, 2023, were as follows:
(Dollars in Millions)Sales-type and Direct Financing Leases Operating Leases
2024$3,069 $138 
20252,182 110 
20261,333 66 
2027690 42 
2028260 27 
Thereafter369 57 
Total lease payments7,903 $440 
Amounts representing interest(664)
Lease receivables$7,239 
Schedule of Contractual Future Lease Payments to be Received for Operating Leases
The contractual future lease payments to be received by the Company, at December 31, 2023, were as follows:
(Dollars in Millions)Sales-type and Direct Financing Leases Operating Leases
2024$3,069 $138 
20252,182 110 
20261,333 66 
2027690 42 
2028260 27 
Thereafter369 57 
Total lease payments7,903 $440 
Amounts representing interest(664)
Lease receivables$7,239 
Schedule of Amounts Related to Assets Leased
The following table presents amounts relevant to the Company’s assets leased for use in its operations for the years ended December 31:
(Dollars in Millions)202320222021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$409 $294 $288 
Operating cash flows from finance leases7 4 5 
Financing cash flows from finance leases49 14 12 
Right of use assets obtained in exchange for new operating lease liabilities230 239 164 
Right of use assets obtained in exchange for new finance lease liabilities25 91 75 
The following table presents the weighted-average remaining lease terms and discount rates of the Company’s assets leased for use in its operations at December 31:
 20232022
Weighted-average remaining lease term of operating leases (in years)6.46.8
Weighted-average remaining lease term of finance leases (in years)8.38.5
Weighted-average discount rate of operating leases3.7 %3.3 %
Weighted-average discount rate of finance leases7.7 %7.9 %
Schedule of Contractual Future Lease Obligations for Operating Leases
The contractual future lease obligations of the Company at December 31, 2023, were as follows:
(Dollars in Millions)Operating Leases Finance
Leases
2024$377 $41 
2025295 38 
2026245 36 
2027196 22 
2028144 8 
Thereafter360 23 
Total lease payments1,617 168 
Amounts representing interest(211)(18)
Lease liabilities$1,406 $150 
Schedule of Contractual Future Lease Obligations for Finance Leases
The contractual future lease obligations of the Company at December 31, 2023, were as follows:
(Dollars in Millions)Operating Leases Finance
Leases
2024$377 $41 
2025295 38 
2026245 36 
2027196 22 
2028144 8 
Thereafter360 23 
Total lease payments1,617 168 
Amounts representing interest(211)(18)
Lease liabilities$1,406 $150