v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating and Financing Leases Presented in Balance Sheets
The balances for the operating and finance leases where we are the lessee are presented as follows (in millions) within our consolidated balance sheets:
December 31, 2025December 31, 2024
Operating leases:  
Operating lease right-of-use assets$6,027 $5,160 
 
Accrued liabilities and other$954 $807 
Other long-term liabilities5,389 4,603 
Total operating lease liabilities$6,343 $5,410 
 
Finance leases:  
Energy generation and storage systems, net$19 $21 
Property, plant and equipment, net229 350 
Total finance lease assets$248 $371 
 
Current portion of long-term debt and finance leases$71 $113 
Long-term debt and finance leases, net of current portion152 222 
Total finance lease liabilities$223 $335 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense are as follows (in millions) within our consolidated statements of operations:
Year Ended December 31,
202520242023
Operating lease expense:   
Operating lease expense (1)$1,766 $1,500 $1,153 
 
Finance lease expense:
Amortization of leased assets$118 $409 $506 
Interest on lease liabilities12 21 45 
Total finance lease expense$130 $430 $551 
 
Total lease expense$1,896 $1,930 $1,704 
(1)Includes short-term leases and variable lease costs, which are individually immaterial.
Other information related to leases where we are the lessee is as follows:
December 31, 2025December 31, 2024
Weighted-average remaining lease term:
Operating leases7.7 years7.9 years
Finance leases4.3 years4.4 years
 
Weighted-average discount rate:
Operating leases5.0 %5.3 %
Finance leases4.7 %4.7 %
Supplemental cash flow information related to leases where we are the lessee is as follows (in millions):
Year Ended December 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$1,743 $1,450 $1,084 
Operating cash outflows from finance leases (interest payments)$12 $21 $47 
Leased assets obtained in exchange for finance lease liabilities$— $144 $10 
Leased assets obtained in exchange for operating lease liabilities$1,643 $1,808 $2,170 
Lessee, Operating Lease, Liability, to be Paid, Maturity
As of December 31, 2025, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2026$1,241 $80 
20271,127 72 
20281,012 27 
2029879 22 
2030787 22 
Thereafter2,668 23 
Total minimum lease payments7,714 246 
Less: Interest1,371 23 
Present value of lease obligations6,343 223 
Less: Current portion954 71 
Long-term portion of lease obligations$5,389 $152 
Finance Lease, Liability, to be Paid, Maturity
As of December 31, 2025, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2026$1,241 $80 
20271,127 72 
20281,012 27 
2029879 22 
2030787 22 
Thereafter2,668 23 
Total minimum lease payments7,714 246 
Less: Interest1,371 23 
Present value of lease obligations6,343 223 
Less: Current portion954 71 
Long-term portion of lease obligations$5,389 $152 
Lessor, Operating Lease, Payment to be Received, Maturity
We are the lessor of certain vehicle and energy generation and storage systems as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2025, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2026$1,045 $144 
2027709 83 
2028363 27 
2029210 5 
2030203 — 
Thereafter1,077 — 
Gross lease receivables$3,607 $259 
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity
We are the lessor of certain vehicle and energy generation and storage systems as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2025, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2026$1,045 $144 
2027709 83 
2028363 27 
2029210 5 
2030203 — 
Thereafter1,077 — 
Gross lease receivables$3,607 $259 
Schedule of Lease Receivables Relating to Sales-Type Leases
Net investment in sales-type leases, which is the sum of the present value of the future contractual lease payments, is presented on the consolidated balance sheets as a component of Prepaid expenses and other current assets for the current portion and as Other non-current assets for the long-term portion. Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
December 31, 2025December 31, 2024
Gross lease receivables$259 $484 
Unearned interest income(14)(38)
Allowance for expected credit losses(5)(6)
Net investment in sales-type leases$240 $440 
 
Reported as:
Prepaid expenses and other current assets$130 $152 
Other non-current assets110 288 
Net investment in sales-type leases$240 $440