Leases (Tables)

12 Months Ended

Dec. 31, 2025

The components of the Company's operating lease expense are as follows:


	Years Ended December 31,
	2025		2024		2023
Lease cost:
Operating lease expense(a)	$	599	$	594	$	595
Variable lease expense(b)	147		158		159
Total lease expense	$	746	$	752	$	754

(a)Represents the Company's operating lease expense related to its ROU assets.

(b)Represents the Company's expense related to contingent payments for operating leases (such as payments based on revenues derived from the tower located on the leased asset). Such contingencies are recognized as expense in the period they are resolved.

Lessee, Finance Leases

The components of the Company's finance leases are as follows:


	As of December 31, 2025						As of December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Master Prepaid Leases	$	4,217	$	(3,169)	$	1,048	$	4,234	$	(3,007)	$	1,227
Finance Leases	21		(15)		6		26		(21)		5
Total	$	4,238	$	(3,184)	$	1,054	$	4,260	$	(3,028)	$	1,232

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table is a summary of the Company's maturities of operating lease liabilities as of December 31, 2025:


	Years Ending December 31,										Thereafter		Total undiscounted lease payments		Less: Imputed interest		Total operating lease liabilities
	2026		2027		2028		2029		2030		Thereafter		Total undiscounted lease payments		Less: Imputed interest		Total operating lease liabilities
Operating leases(a)	$	521	$	523	$	526	$	527	$	524	$	5,108	$	7,729	$	(2,500)	$	5,229

(a)Excludes the Company's contingent payments for operating leases (such as payments based on revenues derived from the tower located on the leased asset) as such arrangements are excluded from the Company's operating lease liability. Such contingencies are recognized as expense in the period they are resolved.

CROWN CASTLE INC. 10-K