v3.26.1
Asset retirement obligations
 3 Months Ended
Mar. 31, 2026
Asset Retirement Obligation Disclosure [Abstract]  
Asset retirement obligations Note 12. Asset retirement obligations
Asset retirement obligation (“ARO”) costs related to accretion of the Company’s liabilities and depreciation of
the related assets were as follows:
For the three months ended
March 31,
(In millions)
2026
2025
Accretion
$3
$3
Depreciation
6
5
Total costs
$9
$8
The following summarizes the current and noncurrent portions of the Company’s liability for asset retirement
obligations, as presented in Other current liabilities and Other noncurrent liabilities, respectively, on the
condensed consolidated balance sheets:
As of
As of
(In millions)
March 31, 2026
December 31, 2025
Current ARO liability
$39
$39
Noncurrent ARO liability
252
255
Total ARO liability
$291
$294
The changes in the Company’s asset retirement obligations were as follows:
(In millions)
2026
Balance as of January 1
$294
Accretion expense
3
Liabilities settled
(3)
Foreign currency translation adjustment
(3)
Balance as of March 31
$291