v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of lease cost
The components of lease costs were as follows:
(Millions of dollars)
Years Ended December 31,
202520242023
Operating lease cost$192 $185 $189 
Short-term lease cost$67 $65 $62 
Schedule of supplemental balance sheet information related to leases
Supplemental information related to leases was as follows:

(Millions of dollars)
December 31, 2025December 31, 2024
Operating Leases
Other assets$708 $592 
Other current liabilities$158 $143 
Other liabilities$570 $459 
Weighted average remaining lease term
Operating leases7 years7 years
Weighted average discount rates
Operating leases4 %3 %
Schedule of maturities of operating lease liabilities
Maturities of operating lease liabilities were as follows:

(Millions of dollars)December 31, 2025
Amounts Due In
2026$183 
2027149 
2028115 
202998 
203074 
Thereafter223 
Total lease payments842 
Less: Imputed interest(114)
Total$728 
Schedule of supplemental cash flow information related to leases
Supplemental cash flow information related to leases was as follows:

(Millions of dollars)
Years ended December 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities
   Operating cash flows from operating leases$185 $179 $180 
Right-of-use assets obtained in exchange for lease obligations:
   Operating leases$259 $187 $148 
Schedule of equipment leased to others
The carrying amount of equipment leased to others, included in Property, plant and equipment - net in Statement 3, under operating leases was as follows:

December 31,
(Millions of dollars)20252024
Equipment leased to others - at original cost$6,004 $5,701 
Less: Accumulated depreciation(1,999)(1,927)
Equipment leased to others - net$4,005 $3,774 
Schedule of payments due for operating leases
Payments due for operating leases as of December 31, 2025, were as follows:

(Millions of dollars)
20262027202820292030ThereafterTotal
$896$598$397$200$104$80$2,275
Revenue from finance and operating lease
Revenues from finance and operating leases, primarily included in Revenues of Financial Products on Statement 1, were as follows:

(Millions of dollars)
Year ended December 31,
202520242023
Finance lease revenue$473 $440 $420 
Operating lease revenue1,216 1,212 1,166 
Total$1,689 $1,652 $1,586