v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Carrying Value of Operating and Finance Lease Right-of-Use Assets and Lease Liabilities The following tables present the carrying value of operating and finance lease right-of-use assets and lease liabilities recorded within the corresponding line items on the Company’s Consolidated Balance Sheets (in millions):
Operating LeasesDecember 31, 2024December 31, 2025
Operating lease assets, net$416 $571 
Current portion of deferred revenues, lease liabilities, and other liabilities$98 $110 
Non-current lease liabilities379 551 
Total operating lease liabilities$477 $661 

Finance LeasesDecember 31, 2024December 31, 2025
Property, plant, and equipment, net$82 $81 
Current portion of deferred revenues, lease liabilities, and other liabilities$2 $3 
Other non-current liabilities85 91 
Total finance lease liabilities$87 $94 
Schedule of Contractual Maturities of Operating Lease Liabilities
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2025 (in millions):

Operating LeasesFinance Leases
2026$157 $4 
2027151 4 
2028124 3 
2029111 12 
203087 12 
Thereafter247 276 
Total undiscounted liabilities877 311 
Less: Present value discount(216)(217)
Total lease liabilities$661 $94 
Schedule of Contractual Maturities of Financing Lease Liabilities
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2025 (in millions):

Operating LeasesFinance Leases
2026$157 $4 
2027151 4 
2028124 3 
2029111 12 
203087 12 
Thereafter247 276 
Total undiscounted liabilities877 311 
Less: Present value discount(216)(217)
Total lease liabilities$661 $94 
Schedule of Weighted Average Remaining Lease Term and Discount Rate and Supplemental Cash Flow Information
The weighted average remaining lease term and weighted average discount rate for leases were as follows:

December 31, 2023December 31, 2024December 31, 2025
Weighted average remaining operating lease term (in years)5.35.46.3
Weighted average operating lease discount rate8.9 %9.9 %10.8 %
Weighted average remaining finance lease term (in years)22.121.420.7
Weighted average finance lease discount rate10.7 %11.4 %11.4 %

Supplemental cash flow information related to leases is as follows (in millions):

Years Ended December 31,
202320242025
Cash paid for amounts included in the measurement of operating lease liabilities$102 $134 $158 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)$111 $174 $275 
Right-of-use assets obtained in exchange for finance lease liabilities (non-cash)$80 $6 $2