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Leases
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, for office space in our flexible workplace solutions business, Industrious, and for leases of land in our global development business. As it relates to service arrangements, we monitor these types of contracts to evaluate whether they meet the definition of a lease.
 Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationSeptember 30,
2025
December 31,
2024
Assets
Operating (1)
Operating lease assets$2,012 $1,198 
FinancingOther assets294 260 
Total leased assets$2,306 $1,458 
Liabilities
Current:
Operating (2)
Operating lease liabilities$277 $200 
FinancingOther current liabilities53 43 
Non-current:
Operating (2)
Non-current operating lease liabilities2,098 1,307 
FinancingOther liabilities142 122 
Total lease liabilities$2,570 $1,672 
________________________________________________________________________________________________________________________________________
(1)Operating lease assets as of September 30, 2025 includes operating lease assets acquired from Industrious.
(2)Current and non-current operating lease liabilities as of September 30, 2025 include operating lease liabilities acquired from Industrious.
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Nine Months Ended
September 30,
20252024
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$872 $89 
Right-of-use assets obtained in exchange for new financing lease liabilities63 58 
Other non-cash increases in operating lease right-of-use assets (2)
78 132 
Other non-cash decreases in financing lease right-of-use assets (2)
(8)(9)
________________________________________________________________________________________________________________________________________
(1)Increase in right-of-use assets obtained in exchange for new operating lease liabilities for the nine months ended September 30, 2025 primarily relates to Industrious acquisition.
(2)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, for office space in our flexible workplace solutions business, Industrious, and for leases of land in our global development business. As it relates to service arrangements, we monitor these types of contracts to evaluate whether they meet the definition of a lease.
 Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationSeptember 30,
2025
December 31,
2024
Assets
Operating (1)
Operating lease assets$2,012 $1,198 
FinancingOther assets294 260 
Total leased assets$2,306 $1,458 
Liabilities
Current:
Operating (2)
Operating lease liabilities$277 $200 
FinancingOther current liabilities53 43 
Non-current:
Operating (2)
Non-current operating lease liabilities2,098 1,307 
FinancingOther liabilities142 122 
Total lease liabilities$2,570 $1,672 
________________________________________________________________________________________________________________________________________
(1)Operating lease assets as of September 30, 2025 includes operating lease assets acquired from Industrious.
(2)Current and non-current operating lease liabilities as of September 30, 2025 include operating lease liabilities acquired from Industrious.
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Nine Months Ended
September 30,
20252024
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$872 $89 
Right-of-use assets obtained in exchange for new financing lease liabilities63 58 
Other non-cash increases in operating lease right-of-use assets (2)
78 132 
Other non-cash decreases in financing lease right-of-use assets (2)
(8)(9)
________________________________________________________________________________________________________________________________________
(1)Increase in right-of-use assets obtained in exchange for new operating lease liabilities for the nine months ended September 30, 2025 primarily relates to Industrious acquisition.
(2)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.