Leases

12 Months Ended

Dec. 31, 2025

Our operating lease assets primarily represent manufacturing and research and development facilities, warehouses and offices. Total operating lease expense was $601, $530 and $457 for the years ended December 31, 2025, 2024 and 2023, of which $83, $75 and $76 was attributable to variable lease expenses, respectively.

For the years ended December 31, 2025, 2024 and 2023, cash payments against operating lease liabilities totaled $467, $408 and $323, and non-cash transactions totaled $414, $490 and $488 to recognize operating assets and liabilities for new leases and modifications.

Supplemental information related to leases included in the Consolidated Statements of Financial Position at December 31 is as follows:


	2025	2024
Operating leases:
Operating lease right-of-use assets	$2,123	$1,984
Operating lease liabilities:
Current portion of lease liabilities	335	324
Non-current portion of lease liabilities	1,932	1,770
Total operating lease liabilities	$2,267	$2,094

Weighted average remaining lease term (years)	13	12
Weighted average discount rate	3.97%	3.43%

Operating lease assets are included in Other assets, net, with the related liabilities included in Accrued liabilities and Other long-term liabilities.

Scheduled payments for operating lease liabilities are as follows:


						Operating leases
2026						$433
2027						571
2028						330
2029						250
2030						203
Thereafter						1,233
Total lease payments						3,020
Less imputed interest						(753)
Total						$2,267

As of December 31, 2025, we have entered into leases that have not yet commenced of $65 for offices. These leases will commence in 2026 with lease terms of 1 years to 20 years.