v3.26.1
ACCRUED LIABILITIES
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES ACCRUED LIABILITIES
The carrying value of “Accrued liabilities” on the Condensed Consolidated Balance Sheets includes the following components (in millions):
December 31, 2025March 31, 2026
Capital expenditures$419 $452 
Interest (Note 8)
104 59 
Loss contingencies(1) (Note 13)
350 65 
Other products and services84 85 
Payroll and related costs319 227 
Other162 157 
Total accrued liabilities$1,438 $1,045 
1As of March 31, 2026, approximately $45 million recorded to “Accounts payable” on the Condensed Consolidated Balance Sheets related to loss contingencies.


The carrying value of “Current portion of deferred revenues, lease liabilities, and other liabilities” on the Condensed Consolidated Balance Sheets includes the following components classified as current (in millions):

December 31, 2025March 31, 2026
Deferred revenues$1,277 $1,170 
Operating lease liabilities110 114 
Warranty reserve177 185 
Other96 85 
Total current portion of deferred revenues, lease liabilities, and other liabilities
$1,660 $1,554 

The carrying value of “Other non-current liabilities” on the Condensed Consolidated Balance Sheets includes the following components classified as current (in millions):
December 31, 2025March 31, 2026
Deferred revenues$1,066 $884 
Finance lease liabilities91 97 
Warranty reserve286 270 
Other143 178 
Total other non-current liabilities$1,586 $1,429