Fixed Assets

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Fixed Assets

NOTE 6 Fixed Assets

Fixed assets at December 31 consisted of the following:

(in millions)	2025			2024
Furniture, fixtures, equipment and software	$	448		$	382
Leasehold improvements		88			73
Land, buildings and improvements		137			136
Total cost		673			591
Less accumulated depreciation and amortization		(306	)		(272	)
Total	$	367		$	319

Depreciation expense for fixed assets amounted to $55 million in 2025, $44 million in 2024 and $40 million in 2023.