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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases  
Schedule of right-of-use assets and lease liabilities

    

September 30, 

    

December 31, 

2025

2024

(in millions)

Operating Leases:

  

  

Right-of-use assets (other assets)

$

478

$

527

Lease liabilities (accrued expenses and other liabilities)

 

487

 

530

Financing Leases:

 

 

Right-of-use assets (property, plant and equipment, net)

 

82

 

72

Lease liabilities (debt)

 

91

 

83

Schedule of operating lease term and discount rate

    

Right-Of-Use

    

Lease

    

    

Discount

 

Operating Leases as of September 30, 2025

Assets

Liabilities

Lease Term

Rate

 

(in millions)

Energy

$

67

$

64

4.9 years

8.3%

Automotive

 

370

 

387

    

5.3 years

    

5.9%

Food Packaging

 

20

 

22

 

8.2 years

 

7.6%

Other segments and Holding Company

 

21

 

14

 

  

 

  

$

478

$

487

    

Right-Of-Use

    

Lease

    

    

Discount

Operating Leases as of December 31, 2024

Assets

Liabilities

Lease Term

Rate

(in millions)

Energy

$

75

$

71

5.4 years

7.9%

Automotive

 

409

 

421

    

5.4 years

    

5.9%

Food Packaging

 

19

 

22

 

9.1 years

 

7.4%

Other segments and Holding Company

 

24

 

16

 

  

 

  

$

527

$

530