Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Lease Cost
The components of lease expense for the three and nine months ended September 30, 2025 and 2024 were as follows (in millions):
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2025 2024 2025 2024
Operating lease costs $ 246  $ 220  $ 709  $ 682 
Finance lease costs:
Amortization of assets 42  38  104  104 
Interest on lease obligations 6  6  18  16 
Total finance lease costs 48  44  122  120 
Variable lease costs 97  81  287  235 
Short-term lease costs 220  221  639  612 
Total lease costs(1)
$ 611  $ 566  $ 1,757  $ 1,649 
(1)    This table excludes sublease income as it was not material for the three and nine months ended September 30, 2025 and 2024.
Supplemental cash flow information related to leases is as follows (in millions):
Nine Months Ended
 September 30,
2025 2024
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 716  $ 657 
Operating cash flows from finance leases 12  13 
Financing cash flows from finance leases 93  93 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 561  $ 403 
Finance leases 472  58 
Supplemental Balance Sheet
Supplemental information related to leases and location within our consolidated balance sheets is as follows (in millions):
September 30,
2025		 December 31,
2024
Operating Leases:
Operating lease right-of-use assets $ 4,217  $ 4,149 
Current maturities of operating leases $ 742  $ 733 
Non-current operating leases 3,687  3,635 
Total operating lease obligations $ 4,429  $ 4,368 
Finance Leases:
Property, plant and equipment, net $ 973  $ 657 
Current maturities of long-term debt, commercial paper and finance leases $ 108  $ 104 
Long-term debt and finance leases 510  351 
Total finance lease obligations $ 618  $ 455 
Operating Leases Maturity Schedule
Maturities of lease obligations as of September 30, 2025 were as follows (in millions):
Finance Leases Operating Leases
2025 $ 38  $ 201 
2026 119  893 
2027 79  775 
2028 72  602 
2029 62  467 
Thereafter 448  2,449 
Total lease payments 818  5,387 
Less: Imputed interest (200) (958)
Total lease obligations 618  4,429 
Less: Current obligations (108) (742)
Long-term lease obligations $ 510  $ 3,687 
Finance Leases Maturity Schedule
Maturities of lease obligations as of September 30, 2025 were as follows (in millions):
Finance Leases Operating Leases
2025 $ 38  $ 201 
2026 119  893 
2027 79  775 
2028 72  602 
2029 62  467 
Thereafter 448  2,449 
Total lease payments 818  5,387 
Less: Imputed interest (200) (958)
Total lease obligations 618  4,429 
Less: Current obligations (108) (742)
Long-term lease obligations $ 510  $ 3,687