| Leases The following table presents the balances for operating and finance ROU assets and lease liabilities: | | | | | | | | | | | | | | | | | | | | | | Leases | | Balance Sheet Classification | | December 31, 2025 | | December 31, 2024 | | | | | (in millions) | | Assets | | | | | | | | Operating lease assets | | Other assets | | $ | 223 | | | $ | 246 | | | Finance lease assets | | Other assets | | — | | | 8 | | | Total lease assets | | | | $ | 223 | | | $ | 254 | | | | | | | | | | Liabilities | | | | | | | | Operating lease liabilities | | Other liabilities | | $ | 276 | | | $ | 313 | | | Finance lease liabilities | | Long-term debt | | — | | | 9 | | | Total lease liabilities | | | | $ | 276 | | | $ | 322 | |
The finance lease the Company held at the Ameriprise Financial Center expired on October 31, 2025. For additional discussion, see Part I, Item 2 of this Annual Report on Form 10-K. The following table presents the components of lease cost: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | Lease Cost | | Income Statement Classification | | 2025 | | 2024 | | 2023 | | | | | (in millions) | | Operating lease cost | | General and administrative expense | | $ | 62 | | | $ | 61 | | | $ | 55 | | | Finance lease cost: | | | | | | | | | | Amortization of ROU assets | | General and administrative expense | | 8 | | | 10 | | | 10 | | | Interest on lease liabilities | | Interest and debt expense | | — | | | 1 | | | 1 | | | Total lease cost | | | | $ | 70 | | | $ | 72 | | | $ | 66 | |
The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases: | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Lease Term and Discount Rate | | | | Operating Leases | | Finance Leases | | Operating Leases | | Weighted-average remaining lease term (years) | | | | 6 | | 1 | | 6 | | Weighted-average discount rate | | | | 3.4 | % | | 3.4 | % | | 2.9 | % |
The following table presents supplemental cash flow information related to operating and finance leases: | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | Supplemental Cash Flow Information | | 2025 | | 2024 | | 2023 | | | (in millions) | | Operating cash flows: | | | | | | | | Cash paid for amounts included in measurement of operating lease liabilities | | $ | 73 | | | $ | 69 | | | $ | 68 | | | Cash paid for amounts included in measurement of finance lease liabilities | | — | | | 1 | | | 1 | | | Financing cash flows: | | | | | | | | Cash paid for amounts included in measurement of finance lease liabilities | | $ | 9 | | | $ | 11 | | | $ | 10 | |
The following table presents the maturities of lease liabilities: | | | | | | | | | | | | Maturity of Lease Liabilities | | | | December 31, 2025 | | | Operating Leases | | | | | (in millions) | | 2026 | | | | $ | 68 | | | 2027 | | | | 60 | | | 2028 | | | | 52 | | | 2029 | | | | 40 | | | 2030 | | | | 29 | | | Thereafter | | | | 53 | | | Total lease payments | | | | 302 | | Less: interest | | | | 26 | | | Present value of lease liabilities | | | | $ | 276 | |
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