v3.25.4
Property, Equipment and Right-of-Use Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Equipment and Right-of-Use Assets
Property, equipment and right-of-use assets consisted of the following at December 31:
20252024
(in millions)
Buildings, building equipment and land$744 $709 
Equipment2,347 2,118 
Furniture and fixtures105 101 
Leasehold improvements497 436 
Operating lease right-of-use assets1,366 1,167 
Property, equipment and right-of-use assets5,059 4,531 
Less: Accumulated depreciation and amortization(2,756)(2,393)
Property, equipment and right-of-use assets, net$2,303 $2,138 
The useful lives of the Company’s assets are as follows:
Asset CategoryEstimated Useful Life
Buildings30 years
Building equipment
10 - 15 years
Equipment and furniture and fixtures
2 - 6 years
Leasehold improvementsShorter of life of improvement or lease term
Right-of-use assetsShorter of life of the asset or lease term
Operating Lease ROU Assets and Operating Lease Liabilities
Operating lease ROU assets and operating lease liabilities are recorded on the consolidated balance sheets as follows at December 31:
20252024
(in millions)
Balance sheet location
Property, equipment and right-of-use assets, net$750 $681 
Other current liabilities157 133 
Other liabilities676 627 
Maturity of Operating Lease Liabilities
The following table summarizes the maturity of the Company’s operating lease liabilities at December 31, 2025 based on lease term:
(in millions)
2026$187 
2027151 
2028126 
2029101 
203087 
Thereafter306 
Total operating lease payments958 
Less: Interest(125)
Present value of operating lease liabilities$833