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Accrued Expenses and Other Payables (Tables)
 9 Months Ended
Sep. 30, 2025
Accrued Liabilities and Other Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Payables
The following table sets forth the items in accrued expenses and other payables (in millions).
September 30,December 31,
20252024
Unrealized losses on derivative contracts$802 $972 
Accrued compensation414 346 
Income tax payable84 167 
Other taxes payable184 138 
Insurance liabilities135 172 
Accrued interest payable108 153 
Other deferred income110 156 
Contract liabilities (1)
199 534 
Other accruals and payables1,034 1,092 
$3,070 $3,730 
(1) Contract liabilities relate to advance payments from customers for goods and services the Company has yet to provide. Revenues recognized in the three and nine months ended September 30, 2025 from contract liabilities as of December 31, 2024 were $44 million and $524 million, respectively. Revenues recognized in the three and nine months ended September 30, 2024 from contract liabilities as of December 31, 2023 were $120 million and $355 million, respectively.