v3.26.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Location and Amounts of Leases
The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of March 31, 2026 and December 31, 2025:
(in millions)March 31, December 31,
Balance Sheet Location20262025
Assets
Right of use assetsLease right of use assets$388 $413 
Liabilities
Other current liabilitiesCurrent lease liabilities 124 124 
Lease liabilities — non-currentNon-current lease liabilities458 494 
Schedule of Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense for the three months ended March 31 are as follows: 
(in millions)20262025
Operating lease cost$28 $31 
Sublease income(5)(3)
Total lease cost$23 $28 

Supplemental information related to leases for the three months ended March 31 are as follows:
(in millions)20262025
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases$37 $36 
Right of use assets obtained in exchange for lease obligations
Operating leases14 20 
Schedule of Lease Term and Discount Rate
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
March 31, December 31,
20262025
Weighted-average remaining lease term (years)4.85.3
Weighted-average discount rate 4.24 %4.25 %
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities for our operating leases are as follows:
(in millions)
2026 (Excluding the three months ended March 31, 2026)
$110 
2027135 
2028109 
202988 
203065 
2031 and beyond148 
Total undiscounted lease payments $655 
Less: Imputed interest73 
Present value of lease liabilities$582