Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Lease Cost

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2025		2024		2025
Operating lease cost	$	3,057	$	3,593	$	8,807	$	10,259
Finance lease cost:
Amortization of lease assets	1,040		813		2,929		2,513
Interest on lease liabilities	70		81		215		224
Finance lease cost	1,110		894		3,144		2,737
Variable lease cost	605		637		1,832		1,992
Total lease cost	$	4,772	$	5,124	$	13,783	$	14,988

Other Information about Lease Amounts Recognized

Other information about lease amounts recognized in our consolidated financial statements is as follows:

	December 31, 2024		September 30, 2025
Weighted-average remaining lease term – operating leases	10.6 years		10.0 years
Weighted-average remaining lease term – finance leases	11.9 years		12.1 years
Weighted-average discount rate – operating leases	3.5	%	3.6	%
Weighted-average discount rate – finance leases	3.0	%	3.2	%

Lease Liabilities

Our lease liabilities were as follows (in millions):

	December 31, 2024
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	95,294	$	12,520	$	107,814
Less: imputed interest	(15,698)		(1,918)		(17,616)
Present value of lease liabilities	79,596		10,602		90,198
Less: current portion of lease liabilities	(10,546)		(1,375)		(11,921)
Total long-term lease liabilities	$	69,050	$	9,227	$	78,277

	September 30, 2025
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	103,025	$	14,052	$	117,077
Less: imputed interest	(16,792)		(2,287)		(19,079)
Present value of lease liabilities	86,233		11,765		97,998
Less: current portion of lease liabilities	(11,873)		(1,448)		(13,321)
Total long-term lease liabilities	$	74,360	$	10,317	$	84,677