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Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Maturity of Lease Liabilities
Future annual minimum lease payments for operating and finance leases as of March 31, 2026 are as follows (in millions): 
Years Ending December 31,Operating LeasesFinance Leases
2026$534 $152 
2027626 205 
2028425 207 
2029315 208 
2030300 208 
Thereafter1,027 958 
Total lease payments (1)3,227 1,938 
Less: Interest(569)(497)
Present value of lease liabilities$2,658 $1,441 
(1)Does not include approximately $6.0 billion of legally binding minimum payments for leases executed as of March 31, 2026 that will commence in future periods, consisting primarily of vessel charters, with fixed minimum lease terms of up to 15 years.
Lease, Other Quantitative Information
The following table shows the weighted-average remaining lease term and the weighted-average discount rate for our operating leases and finance leases:
March 31, 2026December 31, 2025
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term (in years)7.19.97.48.5
Weighted-average discount rate (1)5.2%6.2%5.2%6.6%
(1)The weighted average discount rate is impacted by certain finance leases that commenced prior to the adoption of the current leasing standard under GAAP. In accordance with previous accounting guidance, the implied rate is based on the fair value of the underlying assets.
The following table includes other quantitative information for our operating and finance leases (in millions):
Three Months Ended March 31,
20262025
Right-of-use assets obtained in exchange for operating lease liabilities$102 $199 
Right-of-use assets obtained in exchange for finance lease liabilities544 237 
Schedule of Sublease Income The following table shows the sublease income recognized in other revenues on our Consolidated Statements of Operations (in millions):
Three Months Ended March 31,
20262025
Fixed income$20 $23 
Variable income32 12 
Total sublease income$52 $35