v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost / Lease Term and Discount Rates
The components of lease cost for operating leases for the years ended December 31, 2025, 2024 and 2023 were as follows:
In millions202520242023
Operating lease cost$91 $78 $76 
Short-term lease cost3 5 4 
Variable lease cost 1
17 14 16 
Less: Sublease income 2
5 4 4 
Total lease cost$106 $93 $92 
1.Variable lease cost excludes costs that have been capitalized into inventory of approximately $60 million in each year presented.
2.Reflects income associated with subleases, not inclusive of all lessor arrangements disclosed below.
Lease Term and Discount Rate for Operating LeasesDecember 31, 2025December 31, 2024
Weighted-average remaining lease term (years)6.77.4
Weighted-average discount rate3.45 %3.54 %
Schedule of Supplemental Balance Sheet Information Supplemental balance sheet information related to leases was as follows:
In millionsDecember 31, 2025December 31, 2024
Operating Leases
 
Operating lease right-of-use assets 1
$209 $251 
Current operating lease liabilities 2
52 51 
Noncurrent operating lease liabilities 3
165 205 
Total operating lease liabilities
$217 $256 
1.Included in "Deferred charges and other assets" in the Consolidated Balance Sheets.
2.Included in "Accrued and other current liabilities" in the Consolidated Balance Sheets.
3.Included in "Other noncurrent obligations" in the Consolidated Balance Sheets.
Schedule of Maturity of Lease Liabilities
Maturities of lease liabilities were as follows:
Maturity of Lease Liabilities at December 31, 2025
Operating Leases
In millions
2026$57 
202745 
202833 
202921 
203018 
2031 and thereafter61 
Total lease payments$235 
Less: Interest18 
Present value of lease liabilities$217