Leases (Tables)

6 Months Ended

Jun. 30, 2026

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2026		2025		2026
Operating lease cost	$	3,426	$	4,118	$	6,666	$	8,035
Finance lease cost:
Amortization of lease assets	827		692		1,700		1,425
Interest on lease liabilities	72		108		143		209
Finance lease cost	899		800		1,843		1,634

Variable lease cost	659		718		1,355		1,460
Total lease cost	$	4,984	$	5,636	$	9,864	$	11,129

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2025		June 30, 2026
Weighted-average remaining lease term – operating leases	10.0 years		10.0 years
Weighted-average remaining lease term – finance leases	12.6 years		12.6 years
Weighted-average discount rate – operating leases	3.7	%	3.9	%
Weighted-average discount rate – finance leases	3.4	%	3.6	%

Our lease liabilities were as follows (in millions):


	December 31, 2025
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	106,914	$	14,917	$	121,831
Less: imputed interest	(17,662)		(2,631)		(20,293)
Present value of lease liabilities	89,252		12,286		101,538
Less: current portion of lease liabilities	(12,655)		(1,544)		(14,199)
Total long-term lease liabilities	$	76,597	$	10,742	$	87,339


	June 30, 2026
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	116,350	$	16,660	$	133,010
Less: imputed interest	(20,030)		(3,209)		(23,239)
Present value of lease liabilities	96,320		13,451		109,771
Less: current portion of lease liabilities	(13,745)		(1,688)		(15,433)
Total long-term lease liabilities	$	82,575	$	11,763	$	94,338