Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases

Schedule of right-of-use assets and lease liabilities

	December 31,
	2025		2024
	(in millions)
Operating Leases:
Right-of-use assets (other assets)	$	476	$	527
Lease liabilities (accrued expenses and other liabilities)		484		530
Financing Leases:
Right-of-use assets (property, plant and equipment, net)		79		72
Lease liabilities (debt)		88		83

Schedule of operating lease term and discount rate

	Right-Of-Use		Lease			Discount
Operating Leases as of December 31, 2025	Assets		Liabilities		Lease Term	Rate
	(in millions)
Energy	$	69	$	64	5.1 years	8.1%
Automotive		363		380	5.0 years	5.9%
Food Packaging		20		22	7.6 years	7.5%
Other segments and Holding Company		24		18
	$	476	$	484

	Right-Of-Use		Lease			Discount
Operating Leases as of December 31, 2024	Assets		Liabilities		Lease Term	Rate
	(in millions)
Energy	$	75	$	71	5.4 years	7.9%
Automotive		409		421	5.4 years	5.9%
Food Packaging		19		22	9.1 years	7.4%
Other segments and Holding Company		24		16
	$	527	$	530

Operating and Finance Lease liability maturities

Maturities of lease liabilities as of December 31, 2025 are as follows:

	Operating		Financing
Year	Leases		Leases
	(in millions)
2026	$	143	$	16
2027		122		14
2028		85		12
2029		65		10
2030		49		14
Thereafter		93		29
Total lease payments		557		95
Less: imputed interest		(73)		(7)
	$	484	$	88