v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Cost and Additional Information
The following table provides additional information about the Company’s property leases:
 
Three Months Ended
June 30,		Six Months Ended
 June 30,
(In millions, except weighted average data)
2025202420252024
Lease Cost:
Operating lease cost (a)
$88 $81 $174$163
Short-term lease cost1 2 33
Variable lease cost34 28 6654
Sublease income(6)(5)(10)(8)
Net lease cost$117 $106 $233$212
Other information:
Operating cash outflows from operating leases$199$183
ROU assets obtained in exchange for new operating lease liabilities
$42$85
Weighted average remaining lease term – real estate7.4 years7.8 years
Weighted average discount rate – real estate leases3.75 %3.58 %
(a)Excludes ROU asset impairment charges.
Schedule of Future Minimum Lease Payments
Future minimum lease payments for the Company’s operating leases at June 30, 2025 are as follows:
(In millions)Real Estate Leases
2025 (excludes payments through June 30, 2025)
$200 
2026379 
2027335 
2028254 
2029212 
2030179 
Subsequent years585 
Total future lease payments2,144 
Less: Imputed interest(263)
Total$1,881 
Current lease liabilities$335 
Long-term lease liabilities1,546 
Total lease liabilities$1,881 
Note: The above table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets.