v3.26.1
ACCRUED LIABILITIES
 6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES ACCRUED LIABILITIES
The carrying value of “Accrued liabilities” on the Condensed Consolidated Balance Sheets includes the following components (in millions):
December 31, 2025June 30, 2026
Capital expenditures$419 $385 
Interest (Note 8)
104 92 
Loss contingencies (Note 13)
350 60 
Other products and services84 115 
Payroll and related costs319 260 
Other162 173 
Total accrued liabilities$1,438 $1,085 

The carrying value of “Current portion of deferred revenues, lease liabilities, and other liabilities” on the Condensed Consolidated Balance Sheets includes the following components classified as current (in millions):

December 31, 2025June 30, 2026
Deferred revenues$1,277 $1,271 
Operating lease liabilities110 117 
Warranty reserve177 176 
Other96 82 
Total current portion of deferred revenues, lease liabilities, and other liabilities
$1,660 $1,646 

The carrying value of “Other non-current liabilities” on the Condensed Consolidated Balance Sheets includes the following components classified as non-current (in millions):
December 31, 2025June 30, 2026
Deferred revenues$1,066 $710 
Finance lease liabilities91 99 
Warranty reserve286 276 
Other143 171 
Total other non-current liabilities$1,586 $1,256