Leases (Tables)

3 Months Ended

Mar. 31, 2026

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended March 31,
		2025		2026
Operating lease cost		$	3,240	$	3,917
Finance lease cost:
Amortization of lease assets		873		733
Interest on lease liabilities		71		101
Finance lease cost		944		834

Variable lease cost		696		742
Total lease cost		$	4,880	$	5,493

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2025		March 31, 2026
Weighted-average remaining lease term – operating leases	10.0 years		10.0 years
Weighted-average remaining lease term – finance leases	12.6 years		12.8 years
Weighted-average discount rate – operating leases	3.7	%	3.8	%
Weighted-average discount rate – finance leases	3.4	%	3.6	%

Our lease liabilities were as follows (in millions):


	December 31, 2025
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	106,914	$	14,917	$	121,831
Less: imputed interest	(17,662)		(2,631)		(20,293)
Present value of lease liabilities	89,252		12,286		101,538
Less: current portion of lease liabilities	(12,655)		(1,544)		(14,199)
Total long-term lease liabilities	$	76,597	$	10,742	$	87,339


	March 31, 2026
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	110,135	$	16,496	$	126,631
Less: imputed interest	(18,518)		(3,171)		(21,689)
Present value of lease liabilities	91,617		13,325		104,942
Less: current portion of lease liabilities	(12,550)		(1,578)		(14,128)
Total long-term lease liabilities	$	79,067	$	11,747	$	90,814