v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, and for some leases of land in our global development business. At times, we enter into ground leases on development projects in our REI segment. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. 
Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationSeptember 30,
2024		December 31,
2023
Assets
OperatingOperating lease assets$1,122 $1,030 
FinancingOther assets, net231 210 
Total leased assets$1,353 $1,240 
Liabilities
Current:
OperatingOperating lease liabilities$229 $242 
FinancingOther current liabilities41 36 
Non-current:
OperatingNon-current operating lease liabilities1,205 1,089 
FinancingOther liabilities88 72 
Total lease liabilities$1,563 $1,439 
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Nine Months Ended
September 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$89 $116 
Right-of-use assets obtained in exchange for new financing lease liabilities58 37 
Other non-cash increases (decreases) in operating lease right-of-use assets (1)
132 (7)
Other non-cash decreases in financing lease right-of-use assets (1)
(9)(2)
________________________________________________________________________________________________________________________________________
(1)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, and for some leases of land in our global development business. At times, we enter into ground leases on development projects in our REI segment. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. 
Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationSeptember 30,
2024		December 31,
2023
Assets
OperatingOperating lease assets$1,122 $1,030 
FinancingOther assets, net231 210 
Total leased assets$1,353 $1,240 
Liabilities
Current:
OperatingOperating lease liabilities$229 $242 
FinancingOther current liabilities41 36 
Non-current:
OperatingNon-current operating lease liabilities1,205 1,089 
FinancingOther liabilities88 72 
Total lease liabilities$1,563 $1,439 
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Nine Months Ended
September 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$89 $116 
Right-of-use assets obtained in exchange for new financing lease liabilities58 37 
Other non-cash increases (decreases) in operating lease right-of-use assets (1)
132 (7)
Other non-cash decreases in financing lease right-of-use assets (1)
(9)(2)
________________________________________________________________________________________________________________________________________
(1)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations