v3.26.3
Leases and Related Transactions
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases and Related Transactions

Note 13 — Leases and Related Transactions

The following tables present lease costs recorded on our condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2026 and 2025:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

—

 

 

$

—

 

 

$

—

 

 

$

1

 

Interest on lease liabilities

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Operating lease cost

 

 

32

 

 

 

29

 

 

 

94

 

 

 

88

 

Short-term cost

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

Variable lease cost

 

 

9

 

 

 

10

 

 

 

26

 

 

 

25

 

Sublease income

 

 

(7

)

 

 

(11

)

 

 

(26

)

 

 

(24

)

Total lease cost, net

 

$

34

 

 

$

29

 

 

$

95

 

 

$

91

 

The total lease costs are included in other operating expenses in our condensed consolidated statements of comprehensive income.

During the three and nine months ended September 30, 2026, the Company disposed of buildings and related improvements for cash proceeds of $29 million and recognized a gain of $13 million included in other operating expenses in the condensed consolidated statements of operations. The Company entered into new operating leases for portions of the buildings for a term of 10 years.