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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases  
Lessee right-of-use assets and liabilities

    

March 31, 

    

December 31, 

2024

2023

(in millions)

Operating Leases:

  

  

Right-of-use assets (other assets)

$

513

$

526

Lease liabilities (accrued expenses and other liabilities)

 

519

 

531

Financing Leases:

 

 

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

 

54

 

55

Lease liabilities (debt)

 

68

 

70

Operating lease term and discount rate

    

Right-Of-Use

    

Lease

    

    

Discount

 

Operating Leases as of March 31, 2024

Assets

Liabilities

Lease Term

Rate

 

(in millions)

Energy

$

53

$

50

5.3 years

6.8%

Automotive

 

412

 

424

    

5.3 years

    

5.9%

Food Packaging

 

21

 

24

 

9.0 years

 

7.4%

Other segments and Holding Company

 

27

 

21

 

  

 

  

$

513

$

519

    

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