Leases (Tables)

12 Months Ended

Dec. 31, 2025

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Year Ended December 31,
	2023		2024		2025
Operating lease cost	$	10,550	$	11,961	$	14,006
Finance lease cost:
Amortization of lease assets	5,899		3,866		3,284
Interest on lease liabilities	304		285		312
Finance lease cost	6,203		4,151		3,596
Variable lease cost	2,165		2,465		2,694
Total lease cost	$	18,918	$	18,577	$	20,296

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2024		December 31, 2025

Weighted-average remaining lease term – operating leases	10.6 years		10.0 years
Weighted-average remaining lease term – finance leases	11.9 years		12.6 years
Weighted-average discount rate – operating leases	3.5	%	3.7	%
Weighted-average discount rate – finance leases	3.0	%	3.4	%

Our lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases		Total

Gross lease liabilities	$	95,294	$	12,520	$	107,814
Less: imputed interest	(15,698)		(1,918)		(17,616)
Present value of lease liabilities	79,596		10,602		90,198
Less: current portion of lease liabilities	(10,546)		(1,375)		(11,921)
Total long-term lease liabilities	$	69,050	$	9,227	$	78,277


	December 31, 2025
	Operating Leases		Finance Leases		Total

Gross lease liabilities	$	106,914	$	14,917	$	121,831
Less: imputed interest	(17,662)		(2,631)		(20,293)
Present value of lease liabilities	89,252		12,286		101,538
Less: current portion of lease liabilities	(12,655)		(1,544)		(14,199)
Total long-term lease liabilities	$	76,597	$	10,742	$	87,339