Leases (Tables)

9 Months Ended

Sep. 30, 2026

The following table presents the components of lease cost:


	Third Quarter				First Nine Months
(in millions)	2026		2025		2026		2025
Operating lease cost	$	65	$	46	$	182	$	136
Finance lease cost
Amortization of right-of-use assets	33		28		96		84
Interest on lease liabilities	14		10		38		28
Variable lease cost(1)	18		9		40		27
Short-term lease cost	4		—		8		—

Total lease cost	$	134	$	93	$	364	$	275

(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 Location	September 30, 2026		December 31, 2025
Assets:
Operating lease right-of-use assets	Other non-current assets	$	988	$	845
Finance lease right-of-use assets(1)	Property, plant, and equipment, net	963		919

Liabilities:
Operating lease liability	Other current liabilities	203		127
Finance lease liability	Other current liabilities	151		179
Operating lease liability	Other non-current liabilities	828		764
Finance lease liability	Other non-current liabilities	837		745

(1)Amounts are presented net of accumulated amortization of $481 million and $426 million as of September 30, 2026 and December 31, 2025, respectively.


	First Nine Months
(in millions)	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	180	$	130
Operating cash flows from finance leases	38		27
Financing cash flows from finance leases	146		96
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)	136		52
Finance leases	172		157

(1) Includes impacts from operating lease modifications of $26 million through the first nine months of 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:


	September 30, 2026		December 31, 2025
Weighted average discount rate
Operating leases	5.9	%	5.3	%
Finance leases	5.1	%	4.8	%
Weighted average remaining lease term
Operating leases	7 years		8 years
Finance leases	9 years		9 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 September 30, 2026 were as follows:


(in millions)	Operating Leases		Finance Leases
Remainder of 2026	$	52	$	63
2027	242		174
2028	192		163
2029	164		154
2030	142		141
2031	117		106
Thereafter	355		409
Total future minimum lease payments	1,264		1,210
Less: imputed interest	(233)		(222)
Present value of minimum lease payments	$	1,031	$	988

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 September 30, 2026 were as follows:


(in millions)	Operating Leases		Finance Leases
Remainder of 2026	$	52	$	63
2027	242		174
2028	192		163
2029	164		154
2030	142		141
2031	117		106
Thereafter	355		409
Total future minimum lease payments	1,264		1,210
Less: imputed interest	(233)		(222)
Present value of minimum lease payments	$	1,031	$	988