v3.25.4

LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Composition of Lease Expense and Supplemental Cash Flows

The following table details the composition of lease expense and supplemental cash flow information for 2025, 2024, and 2023:

(in millions)						2025						2024						2023
Operating lease cost						$	139					$	143					$	155
Variable lease cost						122						122						128
Operating cash outflows for operating leases						152						154						240
Operating lease assets obtained in exchange for lease obligation						160						37						25

The following table presents additional information about our lease obligations at year-end 2025 and 2024:

						2025												2024
						Operating Leases						Finance Leases						Operating Leases						Finance Leases
Weighted Average Remaining Lease Term (in years)						12						8						13						9
Weighted Average Discount Rate						4.5		%				4.4		%				4.3		%				4.4		%

Schedule of Maturities of Finance Lease Liabilities

The following table presents our future minimum lease payments at year-end 2025:

(in millions)			Operating Leases						Finance Leases
2026			$	144					$	16
2027			125						16
2028			118						17
2029			102						17
2030			96						18
Thereafter			668						60
Total minimum lease payments			$	1,253					$	144
Less: Amount representing interest			275						24
Present value of minimum lease payments			$	978					$	120

Schedule of Maturities of Operating Lease Liabilities

The following table presents our future minimum lease payments at year-end 2025:

(in millions)			Operating Leases						Finance Leases
2026			$	144					$	16
2027			125						16
2028			118						17
2029			102						17
2030			96						18
Thereafter			668						60
Total minimum lease payments			$	1,253					$	144
Less: Amount representing interest			275						24
Present value of minimum lease payments			$	978					$	120

Schedule of Assets And Liabilities, Lessee

The following table presents the composition of our current and noncurrent lease liability at year-end 2025 and 2024:

(in millions)			December 31, 2025												December 31, 2024
			Operating Leases						Finance Leases						Operating Leases						Finance Leases
Current (1)			$	99					$	11					$	104					$	9
Noncurrent (2)			879						109						794						115
			$	978					$	120					$	898					$	124

(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.

(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.

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Assets And Liabilities, Lessee

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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

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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

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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

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