v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense and Supplemental Cash Flow Information
The components of our lease expense were as follows (in millions):
Year Ended December 31,
202320242025
Lease cost
Finance lease cost:
      Amortization of assets$188 $168 $153 
      Interest of lease liabilities31 25 17 
Operating lease cost
321 294 288 
Short-term lease cost10 2 4 
Variable lease cost129 115 117 
Sublease income(22)(22)(19)
Total lease cost$657 $582 $560 
Supplemental cash flow information related to leases was as follows (in millions):
Year Ended December 31,
202320242025
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from financing leases$32 $26 $16 
Operating cash flows from operating leases335 332 303 
Financing cash flows from financing leases171 172 157 
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities$84 $132 $126 
Finance lease liabilities216 4 71 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):
As of December 31,
20242025
Operating Leases
Operating lease right-of-use assets$1,158 $1,114 
Operating lease liability, current$175 $169 
Operating lease liabilities, non-current1,454 1,390 
     Total operating lease liabilities$1,629 $1,559 
As of December 31,
20242025
Finance Leases
Property and equipment, at cost$641 $625 
Accumulated depreciation(372)(439)
     Property and equipment, net $269 $186 
Other current liabilities$136 $138 
Other long-term liabilities174 84 
     Total finance leases liabilities$310 $222 
As of December 31,
20242025
Weighted-average remaining lease term
     Operating leases15 years15 years
     Finance leases2 years2 years
Weighted-average discount rate
     Operating leases6.7 %6.6 %
     Finance leases6.6 %6.0 %
Schedule of Maturity of Lease Liabilities, Operating
Maturities of lease liabilities were as follows (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$265 $167 
2027262 50 
2028232 14 
2029226 1 
2030194 1 
Thereafter1,592 — 
Total undiscounted lease payments2,771 233 
Less: imputed interest(1,212)(11)
Total lease liabilities$1,559 $222 
Schedule of Maturity of Lease Liabilities, Finance
Maturities of lease liabilities were as follows (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$265 $167 
2027262 50 
2028232 14 
2029226 1 
2030194 1 
Thereafter1,592 — 
Total undiscounted lease payments2,771 233 
Less: imputed interest(1,212)(11)
Total lease liabilities$1,559 $222