Leases (Tables)

3 Months Ended

Mar. 31, 2026

Balance sheet information related to leases was as follows:


	As of	As of
(In millions)	March 31, 2026	December 31, 2025
Operating lease right-of-use assets, net	$604	$608
Finance lease right-of-use assets, net	401	420
Total lease assets, net	$1,005	$1,028
Current portion of operating lease liabilities	$131	$136
Current portion of finance lease liabilities	117	111
Noncurrent portion of operating lease liabilities	492	500
Noncurrent portion of finance lease liabilities	312	327
Total lease liabilities	$1,052	$1,074

The following table summarizes the components of lease expense recorded in the unaudited condensed

consolidated statements of operations:


	For the three months ended March 31,
(In millions)	2026	2025
Operating lease expense	$44	$41
Finance lease expense:
Amortization of leased assets	31	25
Interest on lease liabilities	5	4
Short term lease cost	14	12
Variable lease cost	1	1
Total lease expense	$95	$83