v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease, Cost [Table Text Block]
The following table presents the components of lease cost:
Second QuarterFirst Six Months
(in millions)2026202520262025
Operating lease cost$72 $46 $117 $90 
Finance lease cost
Amortization of right-of-use assets33 28 63 56 
Interest on lease liabilities12 9 24 18 
Variable lease cost(1)
12 9 22 18 
Short-term lease cost4 — 4 — 
Total lease cost$133 $92 $230 $182 
(1)Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation.
Supplemental Information for Leases [Table Text Block]
The following tables present supplemental information about our leases:
(in millions)Balance Sheet LocationJune 30, 2026December 31, 2025
Assets:
Operating lease right-of-use assetsOther non-current assets$1,107 $845 
Finance lease right-of-use assets(1)
Property, plant, and equipment, net1,030 919 
Liabilities:
Operating lease liabilityOther current liabilities210 127 
Finance lease liabilityOther current liabilities191 179 
Operating lease liabilityOther non-current liabilities951 764 
Finance lease liabilityOther non-current liabilities835 745 
(1)Amounts are presented net of accumulated amortization of $485 million and $426 million as of June 30, 2026 and December 31, 2025, respectively.
First Six Months
(in millions)20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$108 $85 
Operating cash flows from finance leases24 18 
Financing cash flows from finance leases77 63 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)
82 21 
Finance leases133 92 
(1)     Includes impacts from operating lease modifications of $26 million during the quarter ended June 30, 2026.
Schedule of Weighted Average Lease Disclosures [Table Text Block]
The following table presents information about our weighted average discount rate and remaining lease term:
June 30, 2026December 31, 2025
Weighted average discount rate
Operating leases4.2 %5.3 %
Finance leases4.8 %4.8 %
Weighted average remaining lease term
Operating leases8 years8 years
Finance leases9 years9 years
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Future minimum lease payments for non-cancelable leases that have commenced and are reflected in the unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 were as follows:
(in millions)Operating LeasesFinance Leases
Remainder of 2026$122 $137 
2027243 166 
2028192 153 
2029166 143 
2030146 130 
2031121 103 
Thereafter430 407 
Total future minimum lease payments1,420 1,239 
Less: imputed interest(259)(213)
Present value of minimum lease payments$1,161 $1,026 
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]
Future minimum lease payments for non-cancelable leases that have commenced and are reflected in the unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 were as follows:
(in millions)Operating LeasesFinance Leases
Remainder of 2026$122 $137 
2027243 166 
2028192 153 
2029166 143 
2030146 130 
2031121 103 
Thereafter430 407 
Total future minimum lease payments1,420 1,239 
Less: imputed interest(259)(213)
Present value of minimum lease payments$1,161 $1,026