v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of future minimum lease payments under operating leases
Future minimum lease payments under non-cancellable leases as of December 31, 2025, were as follows (in millions of dollars):
Operating Leases
2026$89 
202770 
202849 
202934 
203021 
2031 and thereafter44 
Total future minimum lease payments307 
Less: Interest35 
Total$272 
Schedule of equipment on operating leases
A summary of equipment on operating leases as of December 31, 2025, and 2024 is as follows (in millions of dollars):
As of December 31,
20252024
Equipment on operating leases$1,963 $1,831 
Accumulated depreciation and other changes(372)(365)
Net equipment on operating leases$1,591 $1,466 
Schedule of undiscounted lease payments to be received under operating leases
The following table sets out a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date (in millions of dollars):
Amount
2026$215 
2027147 
202870 
202933 
203010 
2031 and thereafter1 
Total undiscounted lease payments$476