Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

Leases

The following table sets forth the amounts relating to the Company’s total lease cost and other information (in millions).

	Year Ended December 31
	2025		2024			2023
Lease cost:
Operating lease cost	$	430	$	410		$	390
Short-term lease cost	105		135			126
Total lease cost	$	535	$	545		$	516
Other information:
Operating lease liability principal payments	$	415	$	397		$	374
Right-of-use assets obtained in exchange for new operating lease liabilities	$	278	$	437		$	327
			December 31
			2025			2024
Weighted-average remaining lease term - operating leases (in years)			7			7
Weighted average discount rate - operating leases			4.8		%	4.5		%

        

The aggregate future lease payments for operating leases as of December 31, 2025 are as follows (in millions):

	Undiscounted
	Cash Flows
2026	$	357
2027	294
2028	241
2029	175
2030	118
Thereafter	411
Total undiscounted minimum lease payments	1,596
Less: Interest (1)	(248)
Lease liability	$	1,348

(1) Calculated using the implicit rate of the lease, if available, or the incremental borrowing rate that is appropriate for the tenor and geography of the lease.