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LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of Lease Cost
The components of lease cost for the years ended December 31, 2025, 2024 and 2023 were:
(in millions)202520242023
Operating lease cost$88 $89 $94 
Finance lease cost
Amortization of right-of-use assets3 4 3 
Interest on lease liabilities1 1 1 
Variable lease cost40 54 45 
Lease cost$132 $148 $143 
The following table contains supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023:
(in millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$102 $100 $115 
Operating cash flows from finance leases3 5 3 
Financing cash flows from finance leases1 2 1 
Right-of-use operating lease assets obtained in exchange for lease obligations36 64 66 
Right-of-use finance lease assets obtained in exchange for lease obligations4 1 15 
Lease term and discount rates as of December 31, 2025 and 2024 were:
December 31, 2025December 31, 2024
Weighted-average remaining lease term (years)
Operating leases56
Finance leases78
Weighted-average discount rate
Operating leases3.6 %3.1 %
Finance leases4.5 %4.2 %
Supplemental Balance Sheet Information Related To Leases
Supplemental balance sheet information related to leases as of December 31, 2025 and 2024 include:
(in millions)20252024
Operating leases
Operating lease right-of-use assets$276 $306 
Accrued expenses and other current liabilities$81 $80 
Operating lease liabilities223 243 
Total operating lease liabilities$304 $323 
Finance leases
Property, plant and equipment, at cost$39 $33 
Accumulated depreciation(18)(15)
Property, plant and equipment, net$21 $18 
Current maturities of long-term debt and finance lease obligations$2 $2 
Long-term debt and finance lease obligations21 19 
Total finance lease liabilities$23 $21 
Maturities of Operating Lease Liabilities
Maturities of operating and finance lease liabilities as of December 31, 2025 were:
(in millions)Finance LeasesOperating Leases
2026$4 $93 
20274 77 
20284 53 
20294 34 
20304 20 
Thereafter10 60 
Total minimum lease payments30 337 
Less: imputed interest(7)(33)
Present value of lease liabilities$23 $304 
Maturities of Finance Lease Liabilities
Maturities of operating and finance lease liabilities as of December 31, 2025 were:
(in millions)Finance LeasesOperating Leases
2026$4 $93 
20274 77 
20284 53 
20294 34 
20304 20 
Thereafter10 60 
Total minimum lease payments30 337 
Less: imputed interest(7)(33)
Present value of lease liabilities$23 $304 
Components of Lease Revenue
The components of lease revenue for the years ended December 31, 2025, 2024 and 2023 were:
(in millions)202520242023
Sales-type lease revenue$8 $10 $7 
Operating lease revenue350 380 397 
Variable lease revenue27 28 21 
Total lease revenue$385 $418 $425 
Components of Net Investment In Sales-Type Leases
The components of our net investment in sales-type leases as of December 31, 2025 and 2024 were:
(in millions)20252024
Minimum lease payments$30 $38 
Unguaranteed residual values— (1)
Net investment in leases $30 $37 
Our net investment in sales-type leases is classified as follows in the accompanying consolidated balance sheets as of December 31, 2025 and 2024:
(in millions)20252024
Accounts receivable, net$11 $15 
Other non-current assets19 22 
Total$30 $37 
Maturities of Sales-Type Leases
Maturities of sales-type and operating leases as of December 31, 2025 were:
(in millions)
Sales-type Leases1
Operating Leases
2026$15 $9 
20279 9 
20285 6 
20293 3 
2030— 1 
Thereafter— — 
Total minimum lease payments$32 $28 
1 Unamortized imputed interest on minimum lease payments was $2 million as of December 31, 2025
Maturities of Operating Leases
Maturities of sales-type and operating leases as of December 31, 2025 were:
(in millions)
Sales-type Leases1
Operating Leases
2026$15 $9 
20279 9 
20285 6 
20293 3 
2030— 1 
Thereafter— — 
Total minimum lease payments$32 $28 
1 Unamortized imputed interest on minimum lease payments was $2 million as of December 31, 2025