v3.26.1
OPERATING LEASES
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
OPERATING LEASES OPERATING LEASES
As a lessee, the Company leases certain logistics, office, and manufacturing facilities, as well as vehicles and other equipment. Certain of the Company’s leases may include options to extend. Our operating lease right-of-use (“ROU”) assets are recognized within Property, plant, and equipment – net and our operating lease liabilities are recognized within All other current liabilities and All other non-current liabilities in the Condensed Consolidated Statements of Financial Position, as detailed below.

Operating Lease Assets and Liabilities
As of
June 30, 2026
December 31, 2025
Operating lease ROU assets, net of amortization
$
391 
$
410 
Current operating lease liabilities
131 
134 
Non-current operating lease liabilities
263 
284 
Total operating lease liabilities
$
394 
$
419 

The total lease expense related to our operating lease portfolio was $60 million for both the three months ended June 30, 2026 and 2025, and $123 million and $122 million for the six months ended June 30, 2026 and 2025, respectively.