Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Lessee right-of-use assets and liabilities

	December 31,
	2023		2022
	(in millions)
Operating Leases:
Right-of-use assets (other assets)	$	526	$	478
Lease liabilities (accrued expenses and other liabilities)		531		484
Financing Leases:
Right-of-use assets (property, plant and equipment, net)		55		48
Lease liabilities (debt)		70		64

Operating lease term and discount rate

	Right-Of-Use		Lease			Discount
Operating Leases as of December 31, 2023	Assets		Liabilities		Lease Term	Rate
	(in millions)
Energy	$	53	$	49	5.4 years	6.7%
Automotive		422		434	5.4 years	5.9%
Food Packaging		22		25	9.1 years	7.4%
Other segments and Holding Company		29		23
	$	526	$	531

	Right-Of-Use		Lease			Discount
Operating Leases as of December 31, 2022	Assets		Liabilities		Lease Term	Rate
	(in millions)
Energy	$	40	$	40	4.1 years	5.2%
Automotive		386		395	4.7 years	5.9%
Food Packaging		24		27	9.8 years	7.4%
Other segments and Holding Company		28		22
	$	478	$	484

Operating and Finance Lease liability maturities

	Operating		Financing
Year	Leases		Leases
	(in millions)
2024	$	142	$	17
2025		124		15
2026		110		14
2027		87		13
2028		51		10
Thereafter		103		23
Total lease payments		617		92
Less: imputed interest		(86)		(22)
	$	531	$	70