Leases (Tables)

12 Months Ended

Dec. 31, 2025

The components of lease expense were as follows:


		Year Ended December 31,
(in millions)	Classification	2025		2024		2023
Operating lease cost (1)	Selling, general and administrative expenses	$	160	$	158	$	160
Finance lease cost (1)	Depreciation and amortization, and Interest expense	18		18		18
Total lease cost		$	178	$	176	$	178

(1) Includes short-term and variable lease costs, which are immaterial.

Other information related to leases was as follows:


	Year Ended December 31,
(in millions)	2025			2024			2023
Supplemental Cash Flow:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	157		$	160		$	175
Operating cash flows for finance leases	$	8		$	8		$	8
Financing cash flows for finance leases	$	5		$	5		$	3
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	133		$	58		$	59

Weighted Average Remaining Lease Term:
Operating leases	5.35 years			4.58 years			4.61 years
Finance leases	18.74 years			19.73 years			20.67 years
Weighted Average Discount Rate:
Operating leases	5.24		%	4.57		%	3.81		%
Finance leases	3.90		%	3.90		%	3.88		%

Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:


(in millions)	Operating Leases		Finance Leases
2026	$	107	$	13
2027	82		14
2028	59		14
2029	38		14
2030	26		15
Thereafter	51		256
Total future minimum lease payments	363		326
Less imputed interest	(45)		(108)
Total	$	318	$	218
Reported as of December 31, 2025:
Other current liabilities	$	93	$	6
Operating lease liabilities	225		—
Other liabilities	—		212
Total	$	318	$	218