Accrued Expenses and Other Payables (Tables)

6 Months Ended

Jun. 30, 2026

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).

	June 30,		December 31,
	2026		2025
Unrealized losses on derivative contracts	$	1,134	$	757
Accrued compensation	409		419
Income tax payable	224		83
Other taxes payable	189		181
Insurance liabilities	92		165
Accrued interest payable	152		158
Other deferred income	135		191
Contract liabilities (1)	180		333
Other accruals and payables	1,467		1,026
	$	3,982	$	3,313

(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 six months ended June 30, 2026 from contract liabilities as of December 31, 2025 were $87 million and $309 million, respectively. Revenues recognized in the three and six months ended June 30, 2025 from contract liabilities as of December 31, 2024 were $201 million and $480 million, respectively.