v3.25.4
Description of Business, Accounting Policies, and Supplemental Disclosures (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Year Ended December 31,
202320242025
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$2,608 $1,858 $1,458 
Cash paid for operating leases10,453 12,341 15,038 
Cash paid for interest on finance leases308 287 295 
Cash paid for interest on financing obligations196 219 196 
Cash paid for income taxes, net of refunds11,179 12,308 8,295 
Assets acquired under operating leases14,052 15,424 19,930 
Property and equipment acquired under finance leases, net of remeasurements and modifications642 854 2,911 
Increase (decrease) in property and equipment acquired but not yet paid(1,414)7,039 10,155 
The components of cash paid for income taxes, net of refunds, are as follows (in millions):
 Year Ended December 31,
202320242025
U.S. Federal$7,435 $7,630 $2,751 
U.S. State2,070 2,450 2,125 
International1,674 2,228 3,419 
Total cash taxes paid, net of refunds$11,179 $12,308 $8,295 
Schedule of Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
  
Year Ended December 31,
 202320242025
Shares used in computation of basic earnings per share10,304 10,473 10,656 
Total dilutive effect of outstanding stock awards188 248 171 
Shares used in computation of diluted earnings per share10,492 10,721 10,827 
Schedule of Other Income (Expense)
Other income (expense), net, is as follows (in millions):
Year Ended December 31,
202320242025
Marketable equity securities valuation gains (losses), net$984 $(1,278)$1,439 
Equity warrant valuation gains (losses), net26 (192)553 
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net(65)(7)5,600 
Upward adjustments relating to equity investments in private companies40 49 7,709 
Foreign currency gains (losses), net65 (408)19 
Other, net(112)(414)(91)
Total other income (expense), net$938 $(2,250)$15,229 
Schedule of Estimated Useful Lives The estimated useful lives as of December 31, 2025, are as follows:
Property and equipmentEstimated useful life
Buildings
Lesser of forty years or the remaining life of the underlying building
Servers and networking equipment
Five to six years (1)
Heavy equipment
Ten to thirteen years (2)
Other equipment
Three to ten years
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(1)Effective January 1, 2024, we changed our estimate of the useful lives for our servers from five to six years, and effective January 1, 2025, we changed our estimate of the useful lives of a subset of our servers and networking equipment from six to five years.
(2)Ten years prior to January 1, 2025.
Property and equipment, at cost, consisted of the following (in millions): 
 December 31,
 20242025
Gross property and equipment (1):
Land and buildings$123,039 $155,121 
Servers and networking equipment113,156 172,492 
Heavy equipment52,228 65,545 
Other equipment53,509 63,376 
Other assets5,487 5,819 
Construction in progress46,636 71,745 
Gross property and equipment394,055 534,098 
Total accumulated depreciation and amortization (1)141,390 177,073 
Total property and equipment, net$252,665 $357,025 
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(1)Includes the original cost and accumulated depreciation of fully-depreciated assets.