Leases (Tables)

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Schedule of Maturity of Lease Liabilities

Future annual minimum lease payments for operating and finance leases as of September 30, 2026 are as follows (in millions): 

Years Ending December 31,	Operating Leases		Finance Leases
2026	$	174	$	53
2027	626		205
2028	425		207
2029	315		208
2030	300		208
Thereafter	1,031		958
Total lease payments(1)	2,871		1,839
Less: Interest	(501)		(454)
Present value of lease liabilities	$	2,370	$	1,385

(1)Does not include approximately $6.0 billion of legally binding minimum payments for leases executed as of September 30, 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:

	September 30, 2026		December 31, 2025
	Operating Leases	Finance Leases	Operating Leases	Finance Leases
Weighted-average remaining lease term (in years)	7.1	9.4	7.4	8.5
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):

	Nine Months Ended September 30,
	2026		2025
Right-of-use assets obtained in exchange for operating lease liabilities	$	95	$	408
Right-of-use assets obtained in exchange for finance lease liabilities	545		472

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 September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Fixed income	$	2	$	25	$	26	$	66
Variable income	3		14		42		36
Total sublease income	$	5	$	39	$	68	$	102

Lessor, Operating Lease, Payment to be Received, Maturity

Future annual minimum sublease payments to be received from LNG vessel subleases as of September 30, 2026 are as follows (in millions):

Years Ending December 31,	Sublease Payments
2026	$	13
2027	6
Total sublease payments	$	19