v3.26.1
Accrued Expenses and Other Payables
 3 Months Ended
Mar. 31, 2026
Accrued Liabilities and Other Liabilities [Abstract]  
Accrued Expenses and Other Payables Accrued Expenses and Other Payables
The following table sets forth the items in accrued expenses and other payables (in millions).
March 31,December 31,
20262025
Unrealized losses on derivative contracts$1,368 $757 
Accrued compensation311 419 
Income tax payable143 83 
Other taxes payable192 181 
Insurance liabilities80 165 
Accrued interest payable110 158 
Other deferred income156 191 
Contract liabilities (1)
371 333 
Other accruals and payables1,320 1,026 
$4,051 $3,313 
(1) Contract liabilities relate to advance payments from customers for goods and services the Company has yet to provide. Revenues recognized in the three months ended March 31, 2026 from contract liabilities as of December 31, 2025 were $222 million.