v3.25.4
Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
Summary of Other Liabilities by Type
The table below presents other liabilities by type.
 
As of December
$ in millions20252024
Compensation and benefits$10,231 $8,770 
Income tax-related liabilities4,223 3,544 
Operating lease liabilities2,170 2,062 
Noncontrolling interests446 417 
Accrued expenses and other 10,431 9,427 
Total$27,501 $24,220 
Information About Operating Lease Liabilities
The table below presents information about operating lease liabilities.
$ in millionsOperating
 lease liabilities
As of December 2025 
2026$381 
2027348 
2028307 
2029269 
2030201 
2031 - thereafter1,326 
Total undiscounted lease payments2,832 
Imputed interest(662)
Total operating lease liabilities$2,170 
Weighted average remaining lease term11 years
Weighted average discount rate4.34%
As of December 2024 
2025$295 
2026315 
2027278 
2028252 
2029225 
2030 - thereafter1,298 
Total undiscounted lease payments2,663 
Imputed interest(601)
Total operating lease liabilities$2,062 
Weighted average remaining lease term12 years
Weighted average discount rate4.25%
In the table above, the weighted average discount rate represents the firm’s incremental borrowing rate as of the date of adoption of ASU No. 2016-02, “Leases (Topic 842),” for operating leases existing on the date of adoption and as of the lease inception date for leases entered into subsequent to the adoption of this ASU.