v3.26.1
Other Assets and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Other Liabilities [Abstract]  
Schedule of Other Assets
Other assets consisted of the following (in millions):
June 30,
2026		December 31,
2025
Current assets:
Derivative instruments (Note 9)$696 $533 
Government incentives 453 163 
Other current assets906 858 
Other current assets$2,055 $1,554 
Non-current assets:
Derivative instruments (Note 9)$374 $272 
Government incentives275 330 
South Korean tax deposits (Note 11)134 248 
Operating leases857 860 
Investments 462 512 
Other non-current assets314 332 
Other assets$2,416 $2,554 
Schedule of Other Liabilities
Other liabilities consisted of the following (in millions):
June 30,
2026		December 31,
2025
Current liabilities:
Wages and employee benefits$691 $866 
Income taxes60 98 
Derivative instruments (Note 9)295 159 
Dividend payable (Note 12)262 25 
Contract liabilities (Note 2)465 386 
Short-term operating leases90 97 
Other current liabilities1,129 1,214 
Other accrued liabilities$2,992 $2,845 
Non-current liabilities:
Defined benefit pension plan liabilities$614 $587 
Derivative instruments (Note 9)506 307 
Contract liabilities (Note 2)2,244 1,884 
Contingent consideration (1)
156 136 
Deferred tax liabilities 113 149 
Long-term operating leases865 846 
Other non-current liabilities1,229 1,188 
Other liabilities$5,727 $5,097 
(1)The Company’s contingent consideration liability related to the April 2025 acquisition of a U.S. solar module manufacturing facility within the Solar segment. The contingent consideration liability was initially recorded at fair value as of the acquisition date and is remeasured on a recurring basis, utilizing the income approach with Level 3 inputs. Refer to Note 3 (Acquisition) in the notes to the consolidated financial statements within the 2025 Form 10-K for additional information.