v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease expense were as follows:
TABLE 7.1
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2026202520262025
Operating lease cost$10 $10 $21 $20 
Variable lease cost1 2 3 3 
Finance lease cost1 1 2 2 
Total lease cost$12 $13 $26 $25 
Schedule of Leases, Other Information
Other information related to leases is as follows:
TABLE 7.2
Six Months Ended
June 30,
(dollars in millions)20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$19 $19 
Operating cash flows from finance leases$1 $1 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$20 $18 
Finance leases$4 $— 
Weighted average remaining lease term (years):
Operating leases1011
Finance leases1717
Weighted average discount rate:
Operating leases4.1 %4.0 %
Finance leases3.7 %3.6 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
June 30, 2026
0 - 12 months$39 $3 $42 
13 - 24 months35 3 38 
25 - 36 months32 3 35 
37 - 48 months29 3 32 
49 - 60 months27 3 30 
Later years146 37 183 
Total lease payments308 52 360 
Less: imputed interest(58)(14)(72)
Present value of lease liabilities$250 $38 $288 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
June 30, 2026
0 - 12 months$39 $3 $42 
13 - 24 months35 3 38 
25 - 36 months32 3 35 
37 - 48 months29 3 32 
49 - 60 months27 3 30 
Later years146 37 183 
Total lease payments308 52 360 
Less: imputed interest(58)(14)(72)
Present value of lease liabilities$250 $38 $288