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Leases (Tables) | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Components of Lease Cost | The following table presents components of lease cost included in general and administration expense on the consolidated statements of income:
(in millions) |  | 2025 |  |  | 2024 |  |  | 2023 |
Lease cost: |  |  |  |  |  |  |  |  |
Operating lease cost(1) |  | $ | 233 |  |  | $ | 183 |  |  | $ | 189 |
Variable lease cost(2) |  |  | 69 |  |  |  | 60 |  |  |  | 49 |
Total lease cost |  | $ | 302 |  |  | $ | 243 |  |  | $ | 238 |
(1) Amounts include short-term leases, which are immaterial for 2025, 2024 and 2023. (2) Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of ROU assets and operating lease liabilities.
Schedule of Supplemental Information Related to Operating Lease | Supplemental information related to operating leases is summarized below:
(in millions) | 2025 |  |  | 2024 |  |  | 2023 |
Supplemental cash flow information: |  |  |  |  |  |  |  |
Operating cash flows from operating leases included in the measurement of operating lease liabilities | $ | 210 |  |  | $ | 183 |  |  | $ | 142 |
Supplemental noncash information: |  |  |  |  |  |  |  |
ROU assets in exchange for operating lease liabilities(1) | $ | 489 |  |  | $ | 235 |  |  | $ | 32 |
(1) Amount for 2025 includes $178 million of ROU assets obtained in connection with the HPS Transaction. Amount for 2024 includes $75 million of ROU assets obtained in connection with the GIP Transaction. See Note 3, Acquisitions, for further information.
| December 31, 2025 | December 31, 2024
Lease term and discount rate: |  |  |  |  |  |
Weighted-average remaining lease term |  | 13 |  | years |  | 14 |  | years
Weighted-average discount rate |  | 4 |  | % |  | 3 |  | %
Schedule of Maturities of Operating Lease Liabilities |
(in millions) |  |  |
Maturity of operating lease liabilities at December 31, 2025 |  | Amount |
2026 |  | $ | 237 |
2027 |  |  | 246 |
2028 |  |  | 239 |
2029 |  |  | 227 |
2030 |  |  | 218 |
Thereafter |  |  | 1,617 |
Total lease payments |  |  | 2,784 |
Less: Imputed interest |  |  | (556 | )
Present value of lease liabilities |  | $ | 2,228 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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