v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Leases
Years Ended December 31,
 202520242023
Operating lease cost$235 $232 $217 
Variable lease cost5 7 4 
Short-term lease cost7 2 13 
Finance lease cost
Amortization of right-of-use assets51 74 54 
Interest on lease liability3 5 3 
Total finance lease cost54 79 57 
Total lease cost$301 $320 $291 
Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$236 $227 $217 
Operating cash flows for finance leases4 5 3 
Financing cash flows for finance leases52 73 54 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$241 $211 $295 
Finance leases20 79 40 
Schedule Of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
December 31,
20252024
Operating leases
Other assets1
$876 $936 
Accrued liabilities$174 $176 
Other liabilities809 863 
Total operating lease liabilities2
$983 $1,039 
Finance leases
Property, plant and equipment$171 $196 
Accumulated depreciation(110)(107)
Property, plant and equipment—net$61 $89 
Current maturities of long-term debt$37 $47 
Long-term debt27 46 
Total finance lease liabilities$64 $93 
Weighted average remaining lease term
Operating leases8 years9 years
Finance leases2 years2 years
Weighted average discount rate
Operating leases4.3 %3.4 %
Finance leases4.5 %4.2 %
1
As of December 31, 2025 2024, Other assets excludes $88 million and $16 million, respectively, of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.
2
As of December 31, 2025, Total operating lease liabilities excludes $13 million and $81 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.
Schedule Of Maturities of Lease Liabilities
As of December 31, 2025, maturities of lease liabilities were as follows:
 
Operating Leases
Finance Leases
2026$224 $39 
2027202 20 
2028178 6 
2029142 2 
2030106 — 
Thereafter411 — 
Total lease payments1,263 67 
Less: Interest186 3 
Less: Lease liabilities held for sale94 — 
Total maturities of lease liabilities$983 $64 
Schedule Of Finance Lease, Liability, Maturity
As of December 31, 2025, maturities of lease liabilities were as follows:
 
Operating Leases
Finance Leases
2026$224 $39 
2027202 20 
2028178 6 
2029142 2 
2030106 — 
Thereafter411 — 
Total lease payments1,263 67 
Less: Interest186 3 
Less: Lease liabilities held for sale94 — 
Total maturities of lease liabilities$983 $64