Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Components of Leases

Components of leases are as follows (in millions):


		December 31,
		2025				2024
Current portion of lease liabilities:
Operating		$	71			$	72
Financing			30				30
Total		$	101			$	102

		December 31,
		2025				2024
Long-term portion of lease liability:
Operating		$	289			$	301
Financing			232				243
Total		$	521			$	544

Components of Lease Expense

Components of lease expense were as follows (in millions):


		Year Ended December 31,
		2025				2024				2023
Lease cost
Finance lease cost
Amortization of right-of-use assets		$	32			$	28			$	23
Interest on lease liabilities			12				10				10
Operating lease cost			90				90				85
Short-term lease cost			59				69				77
Sub-lease income			(8	)			(6	)			(8	)
Total		$	185			$	191			$	187

Schedule of Supplemental information Related to Leases

Supplemental information related to the Company’s leases is as follows (in millions):


		Year Ended December 31,
		2025				2024				2023
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - finance leases		$	12			$	10			$	10
Operating cash flows - operating leases			90				90				85
Financing cash flows - finance leases			28				28				23
Right-of-use assets obtained in exchange for new:
Operating lease liabilities		$	34			$	65			$	68
Finance lease liabilities			57				28				27

Weighted average remaining lease term at December 31, 2025:
Operating leases		10 years				11 years				10 years
Finance leases		16 years				16 years				16 years
Weighted average discount rate at December 31, 2025:
Operating leases			5.08	%			5.25	%			5.17	%
Finance leases			3.62	%			4.42	%			4.15	%

Future Minimum Lease Commitments for Leases with Initial or Remaining Terms of One Year or More

Future minimum lease commitments for leases with initial or remaining terms of one year or more at December 31, 2025, are payable as follows (in millions):


		Operating				Finance
2026		$	83			$	39
2027			66				32
2028			55				25
2029			42				20
2030			32				17
Thereafter			130				153
Total lease payments			408				286
Less: Interest			(48	)			(24	)
Present value of lease liabilities		$	360			$	262