The Company leases certain land, warehouses, office space, and production, office, and technology equipment, among other items. Most equipment is leased on a monthly basis. Many land, warehouse, and office space leases include renewal terms that can extend the lease term. The exercise of lease renewal options is at the Company's sole discretion. The depreciable life of assets and leasehold improvements is generally limited by the expected lease term. The Company's lease agreements do not generally contain material residual value guarantees, material restrictive covenants, or purchase options. The Company's lease portfolio consists primarily of operating leases and an immaterial finance lease included in the consolidated financial statements. See Note 2: Summary of Significant Accounting Policies and Note 12: Debt.

The following table presents costs and other information related to the Company's leases:


	Year Ended December 31
($ in millions)	2024			2023			2022
Operating lease costs	$	72		$	67		$	69
Short-term operating lease costs	$	57		$	54		$	44
Variable operating lease costs	$	5		$	7		$	6
Operating cash flows from operating leases	$	(70)		$	(66)		$	(65)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	41		$	80		$	111
Weighted-average remaining lease term (years) - operating leases	8 years			9 years			9 years
Weighted-average discount rate - operating leases	5.2		%	5.0		%	4.5		%

The undiscounted future non-cancellable lease payments under the Company's operating leases as of December 31, 2024, were as follows:


($ in millions)	December 31, 2024
2025	$	62
2026	51
2027	43
2028	31
2029	26
Thereafter	109
Total lease payments	322
Less: Imputed interest	66
Present value of operating lease liabilities	$	256


	December 31
($ in millions)	2024		2023
Short-term operating lease liabilities	$	51	$	51

Long-term operating lease liabilities	205		228
Total operating lease liabilities	$	256	$	279