Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2026

Asset Retirement Obligation [Abstract]

Schedule of Asset Retirement Obligation Rollforward Analysis

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the six-month periods ended June 30, 2026 and 2025 (in millions):

	Six Months Ended June 30,
	2026		2025
Carrying Amount at January 1	$	1,570	$	1,460
Liabilities Incurred	26		21
Liabilities Settled (1)	(40)		(33)
Accretion	33		30
Revisions (2)	19		5
Foreign Currency Translations	(1)		1
Carrying Amount at June 30	$	1,607	$	1,484
Current Portion	$	45	$	74
Noncurrent Portion	$	1,562	$	1,410

(1)Includes settlements related to asset sales and property exchanges.

(2)Revisions for the six-month period ended June 30, 2026, included $15 million related to revisions to the Encino purchase price allocation (see Note 12).