Annual report [Section 13 and 15(d), not S-K Item 405]

SUMMARY OF ACCOUNTING POLICIES (Tables)

v3.25.4
SUMMARY OF ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
The following table presents supplemental cash flow information (in millions):
2025 2024 2023
Cash paid during the year for:
Interest (net of amount capitalized)(1)
$ 990  $ 854  $ 762 
Income taxes (net of refunds) 1,912  1,347  1,976 
Operating cash flows from operating leases
 954  877  835 
Financing cash flows from finance leases
 133  136  126 
Noncash transactions:
Accrued capital expenditures $ 524  $ 227  $ 309 
Property, plant and equipment recognized during the construction period of build-to-suit financing arrangement 107  —  — 
Right-of-use assets obtained in exchange for operating lease obligations
 808  740  1,278 
Right-of-use assets obtained in exchange for finance lease obligations(2)
731  120  209 
(1)    Includes $18, $20 and $17 million of cash paid for interest on finance leases in 2025, 2024 and 2023, respectively.
(2)    Includes $551 million related to new aircraft leases that commenced in 2025, which were accounted for as finance leases.
The following table provides cash taxes paid for income taxes, net of refunds for the year 2025:
2025
U.S. Federal $ 1,329 
U.S. State and Local 157 
Non-U.S.
Canada 106 
Other 320 
Total Non-U.S.
 $ 426 
Total cash paid for income taxes (net of refunds) $ 1,912 
Rollforward of Outstanding Supplier Finance Program Obligations
A rollforward of obligations confirmed and paid during the year is presented below (dollars in millions):
2025 2024
Confirmed obligations outstanding at the beginning of the year $ 515  $ 504 
Invoices confirmed during the year 1,460  1,722 
Confirmed invoices paid during the year (1,540) (1,711)
Confirmed obligations outstanding at the end of the year $ 435  $ 515