v3.26.1
ACCRUED LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
Schedule of Components of 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 
Schedule of Other Current Liabilities
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 
Schedule of Other Noncurrent Liabilities
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