XML 58 R36.htm IDEA: XBRL DOCUMENT v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Assets And Liabilities, Lessee
Operating and financing lease right-of-use assets and lease liabilities as of December 31, 2025 and 2024 were as follows (in millions):
December 31,
20252024
Assets:
Right-of-use assets, operating, net(1) (2)
$719 $759 
Right-of-use assets, financing, net(3) (4)
42 65 
Total$761 $824 
Liabilities:
Current:
Operating lease liabilities(5)
$17 $14 
Financing lease liabilities(5)
25 23 
Total current lease liabilities 42 37 
Non-current:
Operating lease liabilities, non-current653 671 
Financing lease liabilities, non-current20 39 
Total non-current lease liabilities673 710 
Total$715 $747 
_______
(1) These assets are real estate related assets, which include land, office, manufacturing, and laboratory spaces.
(2) Net of accumulated amortization.
(3) These assets are related to contract manufacturing service agreements.
(4) Included in property, plant and equipment in the consolidated balance sheets, net of accumulated depreciation.
(5) Included in other current liabilities in the consolidated balance sheets.
Schedule of Lease, Cost
The components of the lease costs were as follows for the periods presented (in millions):
Years ended December 31,
202520242023
Operating lease costs$89 $103 $88 
Financing lease costs:
   Amortization of right-of-use assets, financing leases24 22 500 
   Interest expense for financing lease liabilities3 24 38 
Total financing lease costs$27 $46 $538 
Short term lease costs$— $13 $2 
Variable lease costs$22 $42 $113 
Supplemental cash flow information relating to our leases was as follows for the periods presented (in millions):
December 31,
202520242023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases$(71)$(78)$(93)
Operating cash flows used in financing leases(3)(19)(39)
Financing cash flows used in financing leases
(23)(12)(292)
Operating lease non-cash items:
Decrease in right-of-use assets related to lease modifications and reassessments
$(10)$(4)$(67)
Right-of-use assets obtained in exchange for operating lease liabilities— 100 714 
Finance lease non-cash items:
Decrease in right-of-use assets related to lease modifications and reassessments
$— $(425)$(213)
Right-of-use assets obtained in exchange for financing lease liabilities— 75 — 
Changes in financing lease liabilities(5)2 3 
Lease liability derecognized upon purchase of underlying leased asset
— 579 — 

Weighted average remaining lease terms and discount rates as of December 31, 2025 and 2024 were as follows:
December 31,
20252024
Remaining lease term:
Operating leases12 years13 years
Finance leases2 years3 years
Discount rate:
Operating leases7.6 %7.6 %
Finance leases5.9 %5.9 %
Schedule of Finance Lease Maturity
Future minimum lease payments under non-cancelable lease agreements as of December 31, 2025, were as follows (in millions):
Fiscal YearOperating Leases
Financing Leases
2026$65 $27 
202778 20 
202881 — 
202982 — 
203080 — 
Thereafter680 — 
Total minimum lease payments1,066 47 
Less amounts representing interest(396)(2)
Present value of lease liabilities$670 $45 
Schedule of Operating Lease Maturity
Future minimum lease payments under non-cancelable lease agreements as of December 31, 2025, were as follows (in millions):
Fiscal YearOperating Leases
Financing Leases
2026$65 $27 
202778 20 
202881 — 
202982 — 
203080 — 
Thereafter680 — 
Total minimum lease payments1,066 47 
Less amounts representing interest(396)(2)
Present value of lease liabilities$670 $45