v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information for leases was as follows (in millions):
As of December 31, 2025As of December 31, 2024
Lease assets:
Finance lease right-of-use assets, net:
Property and equipment, gross$195 $146 
Accumulated depreciation(54)(50)
Property and equipment, net141 96 
Operating lease right-of-use assets620 677 
Total lease assets$761 $773 
Lease liabilities:
Finance lease liabilities:
Current portion of debt$4 $7 
   Long-term debt 155 110 
Total finance lease liabilities159 117 
Operating lease liabilities:
Current portion of operating lease liabilities90 74 
Long-term operating lease liabilities600 670 
Total operating lease liabilities690 744 
Total lease liabilities$849 $861 
Schedule of Components of Lease Expense, Weighted Average Lease Terms and Discount Rates and Supplemental Cash Flow Information
The components of lease expense were as follows (in millions):
Consolidated Statement of Comprehensive Income (Loss) ClassificationYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Lease costs:
Operating lease costsCommission, transportation and other$212 $208 $183 
Operating lease costsOther operating expenses14 14 22 
Operating lease costsMarketing, selling and administrative expenses20 19 21 
Finance lease costs:
Amortization of right-of-use-assetsDepreciation and amortization expenses3 13 22 
Interest on lease liabilitiesInterest expense, net of interest capitalized8 30 30 
Total lease costs$257 $284 $278 
The weighted average of the remaining lease terms and weighted average discount rates are as follows:
As of December 31, 2025As of December 31, 2024
Weighted average of the remaining lease term in years
Operating leases18.2617.96
Finance leases43.7747.54
Weighted average discount rate
Operating leases7.09 %7.23 %
Finance leases6.69 %6.90 %
Supplemental cash flow information related to leases is as follows (in millions):
Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$237 $232 $178 
Operating cash flows from finance leases8 30 30 
Financing cash flows from finance leases$6 $252 $31 
Schedule of Maturities of Operating Lease Liability
As of December 31, 2025, maturities related to lease liabilities were as follows (in millions):
YearsOperating LeasesFinance Leases
2026$134 $15 
2027118 14 
2028106 14 
202957 14 
203047 13 
Thereafter973 574 
Total lease payments1,435 644 
Less: Interest(745)(485)
Present value of lease liabilities$690 $159 
Schedule of Maturities of Finance Lease Liability
As of December 31, 2025, maturities related to lease liabilities were as follows (in millions):
YearsOperating LeasesFinance Leases
2026$134 $15 
2027118 14 
2028106 14 
202957 14 
203047 13 
Thereafter973 574 
Total lease payments1,435 644 
Less: Interest(745)(485)
Present value of lease liabilities$690 $159