v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Information related to operating leases Information related to our operating leases follows (dollars in millions).

 

 

Right-of-use assets

 

 

Lease liabilities

 

 

Weighted average
remaining term in
years

 

 

Weighted average
discount rate used to
measure liabilities

 

December 31, 2025

 

$

6,020

 

 

$

6,290

 

 

 

7.8

 

 

 

4.8

%

December 31, 2024

 

 

5,843

 

 

 

5,996

 

 

 

7.5

 

 

 

4.5

%

Summary of remaining operating lease payments

A summary of our remaining future operating lease payments reconciled to lease liabilities as of December 31, 2025 and December 31, 2024 follows (in millions).

 

Year 1

 

Year 2

 

Year 3

 

Year 4

 

Year 5

 

Thereafter

 

Total
lease
payments

 

Amount
representing
interest

 

Lease
liabilities

 

December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

$

1,437

 

$

1,269

 

$

1,022

 

$

827

 

$

643

 

$

2,546

 

$

7,744

 

$

(1,454

)

$

6,290

 

2024

 

1,491

 

 

1,161

 

 

982

 

 

766

 

 

600

 

 

2,197

 

 

7,197

 

 

(1,201

)

 

5,996

 

Components of operating lease expenses

Components of operating lease expense for each of the three years ending December 31, 2025 are summarized as follows (in millions).

 

 

2025

 

 

2024

 

 

2023

 

Operating lease expense

 

$

1,647

 

 

$

1,652

 

 

$

1,535

 

Short-term lease expense

 

 

170

 

 

 

171

 

 

 

219

 

Variable lease expense

 

 

209

 

 

 

225

 

 

 

216

 

 

 

$

2,026

 

 

$

2,048

 

 

$

1,970