v3.26.1
Supplemental Financial Information (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash Payments for Interest and Income Taxes
Cash Payments for Interest and Income Taxes
 Three Months Ended
March 31,
(in millions)20262025
Interest$727 $674 
Income taxes(a)
$249 $400 
(a) Cash payments for income taxes for the three months ended March 31, 2026 and 2025 include $52 million and $220 million related to the purchase of third-party transferable tax credits, respectively.
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the total of the amounts reported in our condensed consolidated statements of cash flows.
(in millions)March 31,
2026		December 31,
2025
Cash and cash equivalents$9,468 $9,481 
Restricted cash included in other current assets and other noncurrent assets, net(a)
48 1,078 
Cash, cash equivalents and restricted cash, end of period$9,517 $10,559 
(a)Restricted cash in other current assets as of December 31, 2025 includes the net proceeds from Versant’s issuance of $1.0 billion aggregate principal amount of 7.25% senior secured notes, plus accrued and unpaid interest, which were held in an escrow account due to a special mandatory redemption if the Separation did not consummate by March 2, 2026. These funds were transferred to Versant on the Separation date (see Note 6).
Schedule of Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the total of the amounts reported in our condensed consolidated statements of cash flows.
(in millions)March 31,
2026		December 31,
2025
Cash and cash equivalents$9,468 $9,481 
Restricted cash included in other current assets and other noncurrent assets, net(a)
48 1,078 
Cash, cash equivalents and restricted cash, end of period$9,517 $10,559 
(a)Restricted cash in other current assets as of December 31, 2025 includes the net proceeds from Versant’s issuance of $1.0 billion aggregate principal amount of 7.25% senior secured notes, plus accrued and unpaid interest, which were held in an escrow account due to a special mandatory redemption if the Separation did not consummate by March 2, 2026. These funds were transferred to Versant on the Separation date (see Note 6).