| Leases The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | (In millions) | 2025 | | 2024 | | 2023 | | Operating Lease Expense | $ | 318 | | | $ | 326 | | | $ | 302 | | | Finance Lease Expense: | | | | | | | Amortization of ROU assets | 13 | | | 12 | | | 12 | | | Interest on lease liabilities | 21 | | | 21 | | | 20 | | | Short Term Lease Expense | 13 | | | 11 | | | 11 | | | Variable Lease Expense | 3 | | | 5 | | | 3 | | | Sublease Income | (9) | | | (9) | | | (10) | | | Total Lease Expense | $ | 359 | | | $ | 366 | | | $ | 338 | |
Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023 is as follows: | | | | | | | | | | | | | | | | | | | (In millions) | 2025 | | 2024 | | 2023 | | Cash Paid for Amounts Included in the Measurement of Lease Liabilities | | | | | | | Operating Cash Flows for Operating Leases | $ | 287 | | | $ | 277 | | | $ | 278 | | | Operating Cash Flows for Finance Leases | 21 | | | 21 | | | 20 | | | Financing Cash Flows for Finance Leases | 11 | | | 10 | | | 8 | | | ROU Assets Obtained in Exchange for Lease Obligations | | | | | | | Operating Leases | 155 | | | 223 | | | 218 | | | Finance Leases | 2 | | | 2 | | | 17 | |
Supplemental balance sheet information related to leases as of December 31, 2025 and 2024 is as follows: | | | | | | | | | | | | | (In millions, except lease term and discount rate) | 2025 | | 2024 | | Operating Leases | | | | | Operating Lease ROU Assets | $ | 998 | | | $ | 951 | | | | | | | Operating Lease Liabilities due Within One Year | $ | 196 | | | $ | 200 | | | Operating Lease Liabilities | 862 | | | 804 | | | Total Operating Lease Liabilities | $ | 1,058 | | | $ | 1,004 | | | | | | | Finance Leases | | | | | Property, Plant and Equipment, at cost | $ | 299 | | | $ | 285 | | | Accumulated Depreciation | (105) | | | (89) | | | Property, Plant and Equipment, net | $ | 194 | | | $ | 196 | | | | | | | Long Term Debt and Finance Leases due Within One Year | $ | 11 | | | $ | 10 | | | Long Term Debt and Finance Leases | 250 | | | 251 | | | Total Finance Lease Liabilities | $ | 261 | | | $ | 261 | | | | | | | Weighted Average Remaining Lease Term (years) | | | | | Operating Leases | 8.7 | | 6.9 | | Finance Leases | 26.3 | | 27.1 | | | | | | Weighted Average Discount Rate | | | | | Operating Leases | 7.75 | % | | 7.45 | % | | Finance Leases | 8.26 | % | | 8.23 | % |
Future maturities of our lease liabilities, excluding subleases, as of December 31, 2025 are as follows: | | | | | | | | | | | | | (In millions) | Operating Leases | | Finance Leases | | 2026 | $ | 264 | | | $ | 30 | | | 2027 | 226 | | | 29 | | | 2028 | 178 | | | 28 | | | 2029 | 144 | | | 30 | | | 2030 | 120 | | | 25 | | | Thereafter | 487 | | | 568 | | | Total Lease Payments | 1,419 | | | 710 | | | Less: Imputed Interest | 361 | | | 449 | | | Total | $ | 1,058 | | | $ | 261 | |
As of December 31, 2025, we have additional operating and finance leases that have not yet commenced for which the present value of lease payments over the respective lease terms totals $76 million. Accordingly, these leases are not recorded on the Consolidated Balance Sheets at December 31, 2025. These leases will commence in 2027 with lease terms of 12 to 30 years. |