v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Leases
The following table summarizes information related to our leases, all of which are classified as operating, included in our Consolidated Balance Sheets (in millions):
December 31,
Consolidated Balance Sheets locations20252024
Assets:
Other noncurrent assets$602 $557 
Liabilities:
Accrued liabilities$135 $107 
Other noncurrent liabilities696 673 
Total lease liabilities$831 $780 
The components of net lease costs were as follows (in millions):
Years ended December 31,
Lease costs202520242023
Operating(1)
$265 $219 $208 
Sublease income(9)(17)(28)
Total net lease costs$256 $202 $180 
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(1)    Includes short-term leases and variable lease costs, which were not material for the years ended December 31, 2025, 2024 and 2023.
The weighted-average remaining lease terms and weighted-average discount rates were as follows:
December 31,
20252024
Weighted-average remaining lease term (in years)8.79.3
Weighted-average discount rate4.0 %3.7 %
Cash and noncash information related to our leases was as follows (in millions):
Years ended December 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$157 $156 $182 
ROU assets obtained in exchange for lease obligations:
Operating leases$217 $126 $245 
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2025, were as follows (in millions):
Maturity datesAmounts
2026$148 
2027153 
2028128 
202999 
203077 
Thereafter362 
Total lease payments(1)
967 
Less imputed interest(136)
Present value of lease liabilities$831 
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(1)    Includes future rental commitments for properties that have been subleased in the amount of $99 million. We expect to receive total future rental income of $54 million related to noncancellable subleases.