Leases (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Lease Cost and Additional Information

The following table provides additional information about the Company’s property leases:


	Three Months Ended March 31,
(In millions, except weighted average data)		2026			2025
Lease Cost:
Operating lease cost (a)		$	90		$	86
Short-term lease cost		1			2
Variable lease cost		34			32
Sublease income		(6)			(4)
Net lease cost		$	119		$	116
Other information:
Operating cash outflows from operating leases		$	103		$	98
ROU assets obtained in exchange for new operating lease liabilities		$	85		$	30
Weighted average remaining lease term – real estate leases		7.3 years			7.4 years

Weighted average discount rate – real estate leases		3.82		%	3.71		%

(a)Excludes ROU asset impairment charges.

Schedule of Future Minimum Payments for Operating Leases

Future minimum lease payments for the Company’s operating leases at March 31, 2026 are as follows:


(In millions)	Real Estate Leases
2026 (excludes payments through March 31, 2026)	$	293
2027	365
2028	290
2029	244
2030	209
2031	186
Subsequent years	519
Total future lease payments	2,106
Less: Imputed interest	(257)
Total	$	1,849
Current lease liabilities	$	326
Long-term lease liabilities	1,523
Total lease liabilities	$	1,849

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.