Retail & Restaurants: Leases (ASC 842)

2025	2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	321	267	202
Operating cash flows from finance leases	18	19	19
Financing cash flows from finance leases	36	36	33
Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease obligations	10	20	32
Right-of-use assets obtained in exchange for new operating lease obligations	307	253	168

As of December 31, 2025, future minimum lease receipts and commitments are as follows (in millions):

Lease Receipts	Lease Commitments (a)
Direct Financing and Sales-Type Leases	Operating Leases	Finance Leases	Operating Leases
2026	7	360	51	314
2027	7	334	46	310
2028	7	303	44	294
2029	6	271	36	275
2030	6	242	33	253
Thereafter	68	1,102	185	1,416
Total minimum receipts / payments	101	2,612	395	2,862
Less amount representing interest	( 98 )	( 762 )
Present value of minimum lease payments	297	2,100
Current portion of lease obligations (b)	( 36 )	( 200 )
Long-term portion of lease obligations	261	1,900

(a) Minimum lease payments have not been reduced by minimum sublease rentals of $ 1,656 million due in the future under non-cancelable subleases.

(b) Current portion of operating lease obligations included as a component of Other accrued liabilities in our consolidated balance sheets.

As of December 31, 2025, we have executed real estate leases that have not yet commenced with estimated future nominal lease payments of approximately $ 18 million, which are not included in the tables above. These leases are expected to commence in 2026 with lease terms of generally 8 to 20 years.

Note 17. Income Taxes

Income before income taxes, classified by source of income, is as follows (in millions):