v3.25.3
Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
Operating leases consist primarily of leased land, LNG tankers, and office space and facilities. Finance leases consist primarily of leased marine vessels and a bridge.

During the nine months ended September 30, 2025, the Company determined that it was reasonably certain to exercise certain options to renew various land leases thereby extending the probable remaining lease terms. This was recognized as a lease modification and resulted in an increase in right-of-use assets in exchange for operating lease liabilities of $88 million.

The following table presents the line item classification of right-of-use assets and lease liabilities on the condensed consolidated balance sheets:
Line itemSeptember 30,
2025		December 31,
2024
Right-of-use assets—operatingRight-of-use assets$760 $602 
Right-of-use assets—financeProperty, plant and equipment, net285 279 
Total right-of-use assets$1,045 $881 
Current operating lease liabilitiesAccrued and other liabilities$78 $81 
Current finance lease liabilitiesAccrued and other liabilities9 10 
Noncurrent operating lease liabilitiesNoncurrent operating lease liabilities708 536 
Noncurrent finance lease liabilitiesOther noncurrent liabilities250 248 
Total lease liabilities$1,045 $875 

The Company's lease costs are presented in various line items consistent with the underlying nature of the lease. The following table presents the components of total lease costs included in the condensed consolidated statements of operations.

Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Operating lease cost$37 $28 $98 $69 
Finance lease cost7 8 26 20 
Total lease cost$44 $36 $124 $89 
Leases Leases
Operating leases consist primarily of leased land, LNG tankers, and office space and facilities. Finance leases consist primarily of leased marine vessels and a bridge.

During the nine months ended September 30, 2025, the Company determined that it was reasonably certain to exercise certain options to renew various land leases thereby extending the probable remaining lease terms. This was recognized as a lease modification and resulted in an increase in right-of-use assets in exchange for operating lease liabilities of $88 million.

The following table presents the line item classification of right-of-use assets and lease liabilities on the condensed consolidated balance sheets:
Line itemSeptember 30,
2025		December 31,
2024
Right-of-use assets—operatingRight-of-use assets$760 $602 
Right-of-use assets—financeProperty, plant and equipment, net285 279 
Total right-of-use assets$1,045 $881 
Current operating lease liabilitiesAccrued and other liabilities$78 $81 
Current finance lease liabilitiesAccrued and other liabilities9 10 
Noncurrent operating lease liabilitiesNoncurrent operating lease liabilities708 536 
Noncurrent finance lease liabilitiesOther noncurrent liabilities250 248 
Total lease liabilities$1,045 $875 

The Company's lease costs are presented in various line items consistent with the underlying nature of the lease. The following table presents the components of total lease costs included in the condensed consolidated statements of operations.

Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Operating lease cost$37 $28 $98 $69 
Finance lease cost7 8 26 20 
Total lease cost$44 $36 $124 $89