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6. VARIABLE INTEREST ENTITIES

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We evaluate our investments and transactions to identify variable interest entities for which we are the primary beneficiary. We hold a variable interest in the following joint ventures for which we are the primary beneficiary:

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During the three months ended March 31, 2025, there were no changes in our variable interest entities.

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Creditors of our variable interest entities have no recourse to our general credit. See “Note 9. Debt—Direct and Subsidiary Debt.â€� As the primary beneficiary of these variable interest entities atÌý March 31, 2025, the joint venturesâ€� assets, liabilities and results of operations are included in our condensed consolidated financial statements.

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The following table summarizes the carrying amounts of our variable interest entitiesâ€� assets and liabilities included in our condensed consolidated balance sheet as ofÌý March 31, 2025Ìýand our consolidated balance sheet as ofÌý December 31, 2024 (dollars in millions):

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Certain operating activities for our variable interest entities for the three months ended March 31, 2025 and 2024 were as follows (dollars in millions):

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