Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Lease Liabilities

Lease liabilities as of December 31 were:

in $ millions	2025	2024
Current:
Operating lease liabilities	286	265
Finance lease liabilities	116	67
Noncurrent:
Operating lease liabilities	1,232	1,074
Finance lease liabilities	418	190
Total lease liabilities	2,052	1,596

Finance Lease, Liability, to be Paid, Maturity

The maturity analysis for the discounted and undiscounted lease liability arising from the Company’s leasing activities as of December 31, 2025, was:

in $ millions	Operating leases	Finance leases
2026	311	121
2027	253	132
2028	214	85
2029	172	58
2030	143	88
Thereafter	790	225
Total minimum lease payments	1,883	709
Less: lease payments representing interest	(365)	(175)
Present value of future minimum lease payments	1,518	534
Less: current portion of lease liabilities	(286)	(116)
Noncurrent portion of lease liabilities	1,232	418

Lessee, Operating Lease, Liability, to be Paid, Maturity

The maturity analysis for the discounted and undiscounted lease liability arising from the Company’s leasing activities as of December 31, 2025, was:

in $ millions	Operating leases	Finance leases
2026	311	121
2027	253	132
2028	214	85
2029	172	58
2030	143	88
Thereafter	790	225
Total minimum lease payments	1,883	709
Less: lease payments representing interest	(365)	(175)
Present value of future minimum lease payments	1,518	534
Less: current portion of lease liabilities	(286)	(116)
Noncurrent portion of lease liabilities	1,232	418

Schedule Of Lease Costs And Disclosure In Income Statement

The components of lease expense for the years ended December 31 were:

in $ millions	2025	2024	2023
Finance leases
Amortization of right-of-use-assets	78	45	19
Interest on lease liabilities	22	7	3
Operating leases	292	262	293
Short-term leases	319	301	329
Variable leases	78	80	85
Total lease expense (i)	789	695	729

(i) Income from subleasing transactions is not material for the Company.

The weighted average remaining lease term and discount rates as of December 31 were:

	2025		2024
Weighted average remaining lease term (years)
Operating leases	10		10
Finance leases	10		11
Weighted average discount rate (%)
Operating leases	4.32	%	3.86	%
Finance leases	4.94	%	5.10	%

The supplemental cash flow information for the years ended December 31 was:

in $ millions	2025	2024	2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	(310)	(287)	(276)
Financing cash flows from finance leases	(131)	(57)	(26)
Non-cash investing and financing activities
Leased assets obtained in exchange for new operating lease liabilities	365	195	232
Leased assets obtained in exchange for new finance lease liabilities	153	99	51