v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of our lease expense were as follows:
Years Ended December 31,
(In millions)202520242023
Operating lease cost$225 $213 $199 
Short-term lease cost38 39 47 
Variable lease cost25 33 27 
Total operating lease cost
$288 $285 $273 
Finance lease cost:
Amortization of leased assets
$60 $61 $59 
Interest on lease liabilities
Total finance lease cost
$68 $69 $65 
Total lease cost$356 $354 $338 
Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
(In millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$247 $216 $201 
Operating cash flows for finance leases
Financing cash flows for finance leases
63 72 68 
Leased assets obtained in exchange for new lease obligations:
Operating leases
220 207 118 
Finance leases
80 47 94 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
December 31,
(In millions)20252024
Operating leases:
Operating lease assets$777 $727 
Short-term operating lease liabilities$166 $127 
Operating lease liabilities611 603 
Total operating lease liabilities
$777 $730 
Finance leases:
Property and equipment, gross$471 $408 
Accumulated depreciation(235)(205)
Property and equipment, net
$236 $203 
Short-term borrowings and current maturities of long-term debt$54 $52 
Long-term debt195 158 
Total finance lease liabilities
$248 $210 
Weighted-average remaining lease term:
Operating leases
6 years7 years
Finance leases
7 years8 years
Weighted-average discount rate:
Operating leases
5.46 %5.47 %
Finance leases
3.88 %3.69 %
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities as of December 31, 2025 were as follows:
(In millions)Finance LeasesOperating Leases
2026$62 $204 
202759 188 
202846 145 
202936 105 
203028 78 
Thereafter63 220 
Total lease payments
294 941 
Less: interest(45)(163)
Present value of lease liabilities
$248 $777 
Schedule of Maturities of Finance Lease Liabilities
Maturities of lease liabilities as of December 31, 2025 were as follows:
(In millions)Finance LeasesOperating Leases
2026$62 $204 
202759 188 
202846 145 
202936 105 
203028 78 
Thereafter63 220 
Total lease payments
294 941 
Less: interest(45)(163)
Present value of lease liabilities
$248 $777