v3.26.1
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Location and Amounts of Leases
The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of June 30, 2026 and December 31, 2025:
(in millions)June 30, December 31,
Balance Sheet Location20262025
Assets
Right of use assetsLease right of use assets$392 $413 
Liabilities
Other current liabilitiesCurrent lease liabilities 126 124 
Lease liabilities — non-currentNon-current lease liabilities452 494 
Schedule of Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense for the periods ended June 30 are as follows: 
(in millions)Three MonthsSix Months
2026202520262025
Operating lease cost$30 $31 $58 $62 
Sublease income(12)(3)(17)(7)
Total lease cost$18 $28 $41 $55 

Supplemental information related to leases for the periods ended June 30 are as follows:
(in millions)Three MonthsSix Months
2026202520262025
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases$38 $34 $75 $70 
Right of use assets obtained in exchange for lease obligations
Operating leases21 2 36 21 
Schedule of Lease Term and Discount Rate
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
June 30, December 31,
20262025
Weighted-average remaining lease term (years)4.75.3
Weighted-average discount rate 4.21 %4.25 %
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities for our operating leases are as follows:
(in millions)
2026 (Excluding the six months ended June 30, 2026)
$75 
2027141 
2028115 
202992 
203068 
2031 and beyond159 
Total undiscounted lease payments $650 
Less: Imputed interest72 
Present value of lease liabilities$578