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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of lease costs
The components of lease costs were as follows:
Year ended December 31,
 202520242023
 (in millions)
Operating lease cost$126 $112 $113 
Short-term lease cost31 40 30 
Variable lease cost
Total lease cost$161 $157 $147 
Supplemental cash flows related to leases
The following provides additional information relating to cash flow activities:
 Year ended December 31,
 202520242023
 (in millions)
Cash paid during the year for:   
Interest—net of interest capitalized$137 $118 $145 
Income taxes—net of refunds:
U.S. federal$252 $336 $263 
U.S. state and local:
Illinois**22 
Other38 47 52 
Total U.S. state and local38 47 74 
Foreign:
Canada23 24 32 
Other
Total foreign31 27 36 
Total income taxes—net of refunds$321 $410 $373 
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*    For the years ended December 31, 2025 and 2024, amounts for this jurisdiction were below the threshold for separate disclosure. As such, these amounts are reflected in Other.
Interest—net of interest capitalized for the year ended December 31, 2024 includes a reduction of approximately $21 million reflecting interest relief received from the CRA related to certain tax years from 2006 through 2011. See Note 10—Income Taxes for additional information.
 Year ended December 31,
 202520242023
 (in millions)
Supplemental disclosure of noncash investing and financing activities:
Change in capitalized expenditures in accounts payable, accrued expenses and other liabilities$17 $33 $15 
Change in accrued share repurchases, including accrued excise taxes(12)19 
Supplemental cash flow information related to leases was as follows:
Year ended December 31,
 202520242023
 (in millions)
Operating cash flows - cash paid for amounts included in the measurement of operating lease liabilities$118 $98 $107 
Right-of-use (ROU) assets obtained in exchange for operating lease obligations252 107 103 
Supplemental balance sheet related to leases
Supplemental balance sheet information related to leases was as follows:
December 31,
 20252024
 (in millions)
Operating lease ROU assets$410 $266 
Current operating lease liabilities$110 $86 
Operating lease liabilities311 189 
Total operating lease liabilities$421 $275 
Other information related to leases was as follows:
December 31,
 20252024
Operating leases
Weighted-average remaining lease term5 years5 years
Weighted-average discount rate5.1 %5.0 %
Reconciliation of undiscounted cash flows
The following table reconciles the undiscounted cash flows for our operating leases to the operating lease liabilities recorded on our consolidated balance sheet as of December 31, 2025:
 Operating
lease payments
 (in millions)
2026$128 
2027105 
202890 
202970 
203037 
Thereafter55 
Total lease payments485 
Less: imputed interest(64)
Present value of lease liabilities421 
Less: Current operating lease liabilities(110)
Operating lease liabilities$311