v3.25.4

Interest Expense | 12 Months Ended
--- | ---
Dec. 31, 2025
Interest Expense, Nonoperating [Abstract] |
Interest Expense | Interest Expense Interest expense includes interest and the amortization of deferred financing fees and debt discounts, less amounts capitalized, as follows:
(In millions) | 2025 |  | 2024 |  | 2023
Interest expense before capitalization | $ | 477 |  |  | $ | 558 |  |  | $ | 559 |
Capitalized interest | (32) |  |  | (36) |  |  | (27) |
| $ | 445 |  |  | $ | 522 |  |  | $ | 532 |
Cash payments for interest, net of amounts capitalized, were $414 million, $515 million and $514 million in 2025, 2024 and 2023, respectively.

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