v3.25.4
Other Assets and Other Liabilities
 12 Months Ended
Dec. 31, 2025
Other Liabilities [Abstract]  
Other Assets and Other Liabilities Other Assets and Other Liabilities
Other assets consisted of the following (in millions):
 December 31,
 20252024
Current assets:  
Derivative instruments (Note 13)$533 $619 
Government incentives (Note 1)163 83 
Other current assets858 745 
Other current assets$1,554 $1,447 
   
Non-current assets:  
Derivative instruments (Note 13)$272 $360 
Government incentives (Note 1)330 33 
South Korean tax deposits (Note 15)248 253 
Operating leases (Note 8)860 796 
Investments (Note 1)512 394 
Other non-current assets332 303 
Other assets$2,554 $2,139 
Other liabilities consisted of the following (in millions):
 December 31,
 20252024
Current liabilities:  
Wages and employee benefits$866 $883 
Income taxes (Note 15)98 109 
Derivative instruments (Note 13)159 348 
Deferred revenue (Note 4)226 190 
Customer deposits (Note 4)160 127 
Short-term operating leases (Note 8)97 95 
Other current liabilities1,239 1,369 
Other accrued liabilities$2,845 $3,121 
   
Non-current liabilities:  
Defined benefit pension plan liabilities (Note 11)$587 $529 
Derivative instruments (Note 13)307 273 
Deferred revenue (Note 4)549 643 
Customer deposits (Note 4)1,335 983 
Contingent consideration (Note 3)136  
Deferred tax liabilities (Note 15)149 137 
Long-term operating leases (Note 8)846 785 
Other non-current liabilities1,188 1,175 
Other liabilities$5,097 $4,525