v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease expense were as follows:
TABLE 7.1
Three Months Ended
March 31,
(in millions)20262025
Operating lease cost$11 $10 
Variable lease cost2 1 
Finance lease cost1 1 
Total lease cost$14 $12 
Schedule of Leases, Other Information
Other information related to leases is as follows:
TABLE 7.2
Three Months Ended
March 31,
(dollars in millions)20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$10 $10 
Operating cash flows from finance leases$— $— 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$13 $16 
Finance leases$4 $— 
Weighted average remaining lease term (years):
Operating leases1011
Finance leases1717
Weighted average discount rate:
Operating leases4.1 %4.0 %
Finance leases3.7 %3.6 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
March 31, 2026
0 - 12 months$38 $3 $41 
13 - 24 months35 3 38 
25 - 36 months31 3 34 
37 - 48 months29 3 32 
49 - 60 months26 3 29 
Later years148 37 185 
Total lease payments307 52 359 
Less: imputed interest(59)(13)(72)
Present value of lease liabilities$248 $39 $287 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
March 31, 2026
0 - 12 months$38 $3 $41 
13 - 24 months35 3 38 
25 - 36 months31 3 34 
37 - 48 months29 3 32 
49 - 60 months26 3 29 
Later years148 37 185 
Total lease payments307 52 359 
Less: imputed interest(59)(13)(72)
Present value of lease liabilities$248 $39 $287