v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Assets And Liabilities, Lessee
Right-of-use asset balances are as follows:
(in millions)March 31, 2026December 31, 2025
Finance lease right-of-use assets$1,646 $1,638 
Less: Accumulated amortization(565)(537)
Finance lease right-of-use assets, net$1,081 $1,101 
Operating lease right-of-use assets$864 $858 
Less: Accumulated amortization(256)(242)
Operating lease right-of-use assets, net$608 $616 
Lease liabilities are presented in the following line items in the condensed consolidated balance sheets:
March 31, 2026December 31, 2025
(in millions)Finance LeasesOperating LeasesFinance LeasesOperating Leases
Accounts payable and accrued liabilities$80$61$79$55
Long-term finance lease obligations1,206—1,216—
Long-term operating lease obligations—587—599
Total lease obligations$1,286$648$1,295$654
Supplemental condensed consolidated balance sheets information related to leases is as follows:
March 31,December 31,
20262025
Weighted average remaining lease term (in years):
Finance14.714.9
Operating15.715.9
Weighted average discount rate:
Finance6.9 %6.9 %
Operating6.4 %6.4 %
Schedule of Finance Lease, Liability, to be Paid, Maturity
Future minimum lease payments for each of the next five years and thereafter as of March 31, 2026 are as follows (in millions):
Years Ending December 31:Finance LeasesOperating Leases
2026 (nine months remaining)$125 $76 
2027163 99 
2028153 86 
2029152 77 
2030131 71 
2031 and thereafter1,435 658 
Total lease payments2,159 1,067 
Less: Imputed interest(873)(419)
Total lease obligations$1,286 $648 
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
Future minimum lease payments for each of the next five years and thereafter as of March 31, 2026 are as follows (in millions):
Years Ending December 31:Finance LeasesOperating Leases
2026 (nine months remaining)$125 $76 
2027163 99 
2028153 86 
2029152 77 
2030131 71 
2031 and thereafter1,435 658 
Total lease payments2,159 1,067 
Less: Imputed interest(873)(419)
Total lease obligations$1,286 $648 
Schedule of Lease, Cost
The components of lease expense are as follows:
Three Months Ended March 31,
(in millions)20262025
Finance lease cost:
Amortization of ROU assets$27 $26 
Interest on lease liabilities22 24 
Operating lease cost25 26 
Variable & short-term lease cost9 11 
Sublease income(4)(4)
Total lease cost$79 $83 
Supplemental cash flow information related to leases is as follows:
Three Months Ended March 31,
(in millions)20262025
Cash paid for amounts included in the measurement of lease liability
Operating cash flows from finance leases$22 $24 
Finance cash flows from finance leases$19 $21 
Operating cash flows from operating leases$25 $24 
ROU assets obtained in exchange for lease obligations (excluding the effect of acquisitions)
Finance leases$4 $6 
Operating leases$1 $5