v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
For operating leases, the ROU assets and liabilities in our consolidated balance sheets follows:
As of December 31,
(MILLIONS)Balance Sheet Classification20252024
ROU assetsOther noncurrent assets$2,213 $2,289 
Lease liabilities (short-term)Other current liabilities330 356 
Lease liabilities (long-term)Other noncurrent liabilities2,291 2,286 
Schedule of Lease Costs and Other Supplemental Information
Components of total lease cost includes:
Year Ended December 31,
(MILLIONS)202520242023
Operating lease cost$498 $683 $863 
Variable lease cost453 517 444 
Sublease income(26)(23)(24)
Total lease cost$924 $1,177 $1,283 
Other supplemental information follows:
As of December 31,
(MILLIONS)20252024
Operating leases
Weighted-Average Remaining Contractual Lease Term (Years)10.510.2
Weighted-Average Discount Rate3.8 %3.7 %
Year Ended December 31,
(MILLIONS)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$471 $601 $744 
(Gains)/losses on sale and leaseback transactions, net(53)29 (49)
Schedule of Future Minimum Rental Payments for Operating Leases
The following reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the consolidated balance sheet as of December 31, 2025:
(MILLIONS)
PeriodOperating Lease Liabilities
Next one year(a)
$417 
1-2 years408 
2-3 years334 
3-4 years282 
4-5 years234 
Thereafter1,524 
Total undiscounted lease payments3,199 
Less: Imputed interest
579 
Present value of minimum lease payments2,620 
Less: Current portion
330 
Noncurrent portion$2,291 
(a)Reflects lease payments due within 12 months subsequent to the balance sheet date.