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Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
Lease Expenses
The components of lease expenses were as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Finance lease cost
Amortization of right-of-use assets (1)
$47 $44 $138 $135 
Interest on lease liabilities30 28 91 83 
Total finance lease cost77 72 229 218 
Operating lease cost60 57 178 169 
Variable lease cost26 21 67 58 
Total lease cost$163 $150 $474 $445 
(1)    Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in our condensed consolidated statements of operations.
Other Information
Other information related to leases is presented in the following tables (in millions):
Nine Months Ended
September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$88 $80 
Operating cash flows from operating leases169 154 
Financing cash flows from finance leases111 101 
Right-of-use assets obtained in exchange for lease obligations: (1)
Finance leases$121 $228 
Operating leases74 144 
September 30, 2025December 31, 2024
Weighted-average remaining lease term - finance leases (2)
13 years14 years
Weighted-average remaining lease term - operating leases (2)
12 years12 years
Weighted-average discount rate - finance leases6 %6 %
Weighted-average discount rate - operating leases5 %5 %
Finance lease right-of-use assets (3)
$2,225 $2,158 
(1)Represents all non-cash changes in right-of-use assets.
(2)Includes lease renewal options that are reasonably certain to be exercised.
(3)As of September 30, 2025 and December 31, 2024, we have recorded accumulated amortization of finance lease right-of-use assets of $1.1 billion and $964 million, respectively. Finance lease assets are recorded within property, plant and equipment, net in our condensed consolidated balance sheets.
Maturities of Lease Liabilities
The maturities of our lease liabilities as of September 30, 2025 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2025 (3 months remaining)$49 $62 $111 
2026232 274 506 
2027214 278 492 
2028182 266 448 
2029152 257 409 
Thereafter1,216 2,173 3,389 
Total lease payments2,045 3,310 5,355 
Less imputed interest(552)(1,013)(1,565)
Total$1,493 $2,297 $3,790 
We entered into agreements with various landlords, primarily to lease data center spaces and ground leases, which have not yet commenced as of September 30, 2025. These leases are expected to commence between 2025 and 2027, with lease terms of 2 to 99 years and total lease commitments of approximately $94 million.
Leases Leases
Lease Expenses
The components of lease expenses were as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Finance lease cost
Amortization of right-of-use assets (1)
$47 $44 $138 $135 
Interest on lease liabilities30 28 91 83 
Total finance lease cost77 72 229 218 
Operating lease cost60 57 178 169 
Variable lease cost26 21 67 58 
Total lease cost$163 $150 $474 $445 
(1)    Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in our condensed consolidated statements of operations.
Other Information
Other information related to leases is presented in the following tables (in millions):
Nine Months Ended
September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$88 $80 
Operating cash flows from operating leases169 154 
Financing cash flows from finance leases111 101 
Right-of-use assets obtained in exchange for lease obligations: (1)
Finance leases$121 $228 
Operating leases74 144 
September 30, 2025December 31, 2024
Weighted-average remaining lease term - finance leases (2)
13 years14 years
Weighted-average remaining lease term - operating leases (2)
12 years12 years
Weighted-average discount rate - finance leases6 %6 %
Weighted-average discount rate - operating leases5 %5 %
Finance lease right-of-use assets (3)
$2,225 $2,158 
(1)Represents all non-cash changes in right-of-use assets.
(2)Includes lease renewal options that are reasonably certain to be exercised.
(3)As of September 30, 2025 and December 31, 2024, we have recorded accumulated amortization of finance lease right-of-use assets of $1.1 billion and $964 million, respectively. Finance lease assets are recorded within property, plant and equipment, net in our condensed consolidated balance sheets.
Maturities of Lease Liabilities
The maturities of our lease liabilities as of September 30, 2025 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2025 (3 months remaining)$49 $62 $111 
2026232 274 506 
2027214 278 492 
2028182 266 448 
2029152 257 409 
Thereafter1,216 2,173 3,389 
Total lease payments2,045 3,310 5,355 
Less imputed interest(552)(1,013)(1,565)
Total$1,493 $2,297 $3,790 
We entered into agreements with various landlords, primarily to lease data center spaces and ground leases, which have not yet commenced as of September 30, 2025. These leases are expected to commence between 2025 and 2027, with lease terms of 2 to 99 years and total lease commitments of approximately $94 million.