LEASES (Tables)

3 Months Ended

Mar. 31, 2026

The components of lease expense were as follows:


	Three Months Ended March 31,
	2026		2025
	(In millions)
Operating lease expense	$	40	$	41
Finance lease expense - amortization of right-of-use (“ROU”) lease assets	4		4





Sublease income	(2)		(2)
Total lease expense, net	$	42	$	43

Supplemental cash flow information related to leases during the three months ended March 31, 2026 and 2025 was as follows:


	Three Months Ended March 31,
	2026		2025
	(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	45	$	42

Financing cash flows from finance leases	$	2	$	2
ROU lease assets obtained in exchange for operating lease liabilities	$	(5)	$	5

Supplemental balance sheet information related to leases was as follows:


	March 31, 2026						December 31, 2025
	(In millions, except weighted-average figures)
	Operating leases			Finance leases			Operating leases			Finance leases
ROU lease assets	$	499		$	52		$	539		$	56
Current lease liabilities	147			5			148			7
Long-term lease liabilities	505			10			548			10
Total lease liabilities	$	652		$	15		$	696		$	17
Weighted-average remaining lease term	5.3 years			3.1 years			5.4 years			3.4 years
Weighted-average discount rate	5		%	5		%	4		%	5		%

Future minimum lease payments for our leases as of March 31, 2026 were as follows:

Future minimum lease payments for our leases as of March 31, 2026 were as follows: