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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2025, 2024 and 2023 are as follows:
(In millions)202520242023
Operating Lease Expense$318 $326 $302 
Finance Lease Expense:
Amortization of ROU assets13 12 12 
Interest on lease liabilities21 21 20 
Short Term Lease Expense13 11 11 
Variable Lease Expense
Sublease Income(9)(9)(10)
Total Lease Expense$359 $366 $338 
Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023 is as follows:
(In millions)202520242023
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases$287 $277 $278 
Operating Cash Flows for Finance Leases21 21 20 
Financing Cash Flows for Finance Leases11 10 
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases155 223 218 
Finance Leases17 
Supplemental balance sheet information related to leases as of December 31, 2025 and 2024 is as follows:
(In millions, except lease term and discount rate)20252024
Operating Leases
Operating Lease ROU Assets$998 $951 
Operating Lease Liabilities due Within One Year$196 $200 
Operating Lease Liabilities862 804 
Total Operating Lease Liabilities$1,058 $1,004 
Finance Leases
Property, Plant and Equipment, at cost$299 $285 
Accumulated Depreciation(105)(89)
Property, Plant and Equipment, net$194 $196 
Long Term Debt and Finance Leases due Within One Year$11 $10 
Long Term Debt and Finance Leases250 251 
Total Finance Lease Liabilities$261 $261 
Weighted Average Remaining Lease Term (years)
Operating Leases8.76.9
Finance Leases26.327.1
Weighted Average Discount Rate
Operating Leases7.75 %7.45 %
Finance Leases8.26 %8.23 %
Future maturities of our lease liabilities, excluding subleases, as of December 31, 2025 are as follows:
(In millions)Operating LeasesFinance Leases
2026$264 $30 
2027226 29 
2028178 28 
2029144 30 
2030120 25 
Thereafter487 568 
Total Lease Payments1,419 710 
Less: Imputed Interest361 449 
Total$1,058 $261 
As of December 31, 2025, we have additional operating and finance leases that have not yet commenced for which the present value of lease payments over the respective lease terms totals $76 million. Accordingly, these leases are not recorded on the Consolidated Balance Sheets at December 31, 2025. These leases will commence in 2027 with lease terms of 12 to 30 years.