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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Lessee right-of-use assets and liabilities

    

September 30, 

    

December 31, 

2021

2020

(in millions)

Operating Leases:

  

  

Right-of-use assets (other assets)

$

502

$

556

Lease liabilities (accrued expenses and other liabilities)

 

515

 

573

Financing Leases:

 

 

Right-of-use assets (property, plant and equipment, net)

 

62

 

65

Lease liabilities (debt)

 

79

 

81

Operating lease term and discount rate

    

Right-Of-Use

    

Lease

    

    

Discount

 

Operating Leases as of September 30, 2021

Assets

Liabilities

Lease Term

Rate

 

(in millions)

Energy

$

38

$

38

4.3 years

5.5%

Automotive

 

387

 

403

    

4.4 years

    

5.8%

Food Packaging

 

29

 

32

 

10.7 years

 

7.4%

Other segments and Holding Company

 

48

 

42

 

  

 

  

$

502

$

515

    

Right-Of-Use

    

Lease

    

    

Discount

Operating Leases as of December 31, 2020

Assets

Liabilities

Lease Term

Rate

(in millions)

Energy

$

37

$

38

3.1 years

5.5%

Automotive

 

436

 

456

    

4.6 years

    

5.7%

Food Packaging

 

32

 

35

 

11.1 years

 

7.4%

Other segments and Holding Company

 

51

 

44

 

  

 

  

$

556

$

573