v3.26.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense and cash flows related to leases are summarized as follows:
Dollars in millionsDecember 31, 2025December 31, 2024December 31, 2023
Operating lease cost$118 $118 $122 
Variable lease cost20 21 19 
Finance lease cost— 1 1 
Total lease cost $138 $140 $142 
Cash paid for amounts included in the measurement of lease liabilities$129 $134 $136 
Right-of-use assets obtained in exchange for lease obligations91 70 65 
Schedule of Additional Balance Sheet Information Related to Leases
Additional balance sheet information related to leases is summarized as follows:
Dollars in millionsBalance sheet classificationDecember 31, 2025December 31, 2024
Right-of-use assetsAccrued income and other assets$444 $453 
Operating lease liabilitiesAccrued expense and other liabilities484 506 
Schedule of Finance Lease, Maturities of Lease Liabilities
Information pertaining to the lease term and weighted-average discount rate, and maturities of operating lease liabilities are summarized as follows:
Dollars in millionsDecember 31, 2025
2026$127 
2027117 
202895 
202972 
203049 
Thereafter78 
Total lease payments$538 
Less imputed interest54 
Total operating lease liabilities$484 
December 31, 2025December 31, 2024
Weighted-average remaining lease term (years)5.375.42
Weighted-average discount rate3.72 %3.40 %
Schedule of Lessee, Operating Lease, Maturities of Lease Liabilities
Information pertaining to the lease term and weighted-average discount rate, and maturities of operating lease liabilities are summarized as follows:
Dollars in millionsDecember 31, 2025
2026$127 
2027117 
202895 
202972 
203049 
Thereafter78 
Total lease payments$538 
Less imputed interest54 
Total operating lease liabilities$484 
December 31, 2025December 31, 2024
Weighted-average remaining lease term (years)5.375.42
Weighted-average discount rate3.72 %3.40 %
Schedule of Lease Income, Operating Lease The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2025December 31, 2024December 31, 2023
Sales-type and direct financing leases
Interest income on lease receivable$54 $69 $78 
 Interest income related to accretion of unguaranteed residual asset7 9 13 
 Interest income on deferred fees and costs21 20 4 
Total sales-type and direct financing lease income82 98 95 
Operating leases
Operating lease income related to lease payments43 68 84 
Other operating leasing gains and (losses)— 8 8 
Total operating lease income and other leasing gains43 76 92 
Total lease income$125 $174 $187 
Schedule of Lease Income, Sales-type Lease The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2025December 31, 2024December 31, 2023
Sales-type and direct financing leases
Interest income on lease receivable$54 $69 $78 
 Interest income related to accretion of unguaranteed residual asset7 9 13 
 Interest income on deferred fees and costs21 20 4 
Total sales-type and direct financing lease income82 98 95 
Operating leases
Operating lease income related to lease payments43 68 84 
Other operating leasing gains and (losses)— 8 8 
Total operating lease income and other leasing gains43 76 92 
Total lease income$125 $174 $187 
Schedule of Lease Income, Direct Financing Lease The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2025December 31, 2024December 31, 2023
Sales-type and direct financing leases
Interest income on lease receivable$54 $69 $78 
 Interest income related to accretion of unguaranteed residual asset7 9 13 
 Interest income on deferred fees and costs21 20 4 
Total sales-type and direct financing lease income82 98 95 
Operating leases
Operating lease income related to lease payments43 68 84 
Other operating leasing gains and (losses)— 8 8 
Total operating lease income and other leasing gains43 76 92 
Total lease income$125 $174 $187 
Schedule of Composition of Net Investment in Sales-Type and Direct Financing Leases The composition of the net investment in sales-type and direct financing leases is as follows:
Dollars in millionsDecember 31, 2025December 31, 2024
Lease receivables$1,916 $2,345 
Unearned income(276)(270)
Unguaranteed residual value454 421 
Deferred fees and costs5 1 
Net investment in sales-type and direct financing leases$2,099 $2,497 
Schedule of Minimum Future Lease Payments to be Received for Sales-Type and Direct Financing Leases
At December 31, 2025, minimum future lease payments to be received for leases are as follows:
Dollars in millionsSales-type and direct financing lease paymentsOperating lease payments
2026$583 $27 
2027410 19 
2028256 10 
2029182 5 
2030141 4 
Thereafter344 14 
Total lease payments$1,916 $79 
Schedule of Minimum Future Lease Payments to be Received for Operating Leases
At December 31, 2025, minimum future lease payments to be received for leases are as follows:
Dollars in millionsSales-type and direct financing lease paymentsOperating lease payments
2026$583 $27 
2027410 19 
2028256 10 
2029182 5 
2030141 4 
Thereafter344 14 
Total lease payments$1,916 $79