Leases (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Lease Cost and Additional Information

The following table provides additional information about the Company’s property leases:


For the Years Ended December 31, (In millions, except weighted average data)	2025			2024
Lease Cost:
Operating lease cost (a)	$	351		$	331
Short-term lease cost	5			6
Variable lease cost	134			116
Sub-lease income	(22)			(15)
Net lease cost	$	468		$	438
Other information:
Operating cash outflows from operating leases	$	402		$	376
Right of use assets obtained in exchange for new operating lease liabilities	$	187		$	279
Weighted average remaining lease term – real estate	7.23 years			7.57 years

Weighted average discount rate – real estate leases	3.73		%	3.73		%

(a)Excludes ROU asset impairment charges.

Schedule of Future Minimum Lease Payments

Future minimum lease payments for the Company’s operating leases at December 31, 2025 are as follows:


(In millions)	Real Estate Leases
2026	$	393
2027	359
2028	281
2029	233
2030	199
Subsequent years	653
Total future lease payments	2,118
Less: imputed interest	(256)
Total	$	1,862
Current lease liabilities	$	333
Long-term lease liabilities	1,529
Total lease liabilities	$	1,862

Note: The above table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets.