Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2025

Supplemental Cash Flow Elements [Abstract]

NOTE 18 — SUPPLEMENTAL CASH FLOW INFORMATION

The following table summarizes supplemental cash flow information for the nine months ended September 30, 2025 and 2024:


	Nine Months Ended September 30,
	2025		2024

	(in millions)
Supplemental cash flow information:
Cash payments for interest	$	311	$	85
Cash payments for taxes	$	6	$	4
Non-cash investing and financing activities:

Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	32	$	35
Property and equipment acquired under finance leases	$	47	$	—


Equity-based compensation expense capitalized to property and equipment	$	6	$	7
Fair value of beneficial interests received in securitization transactions	$	173	$	228
Reductions of beneficial interests in securitizations and associated long-term debt	$	114	$	94

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the accompanying unaudited condensed consolidated balance sheets that sum to the total of the same amounts shown in the accompanying unaudited condensed consolidated statements of cash flows for all periods presented:


	September 30, 2025		December 31, 2024		September 30, 2024

	(in millions)
Cash and cash equivalents	$	2,142	$	1,716	$	871
Restricted cash	79		44		61
Total cash, cash equivalents and restricted cash	$	2,221	$	1,760	$	932