v3.25.4
Goodwill and Other Intangibles (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill
Changes in the carrying amount of goodwill, for the years ended December 31, 2025 and 2024 are as follows (in millions of dollars):
Agriculture
Construction
Financial
Services
Total
Balance at December 31, 2023$3,426 $47 $141 $3,614 
Foreign currency translation and other(24)(3)(3)(30)
Balance at December 31, 20243,402 44 138 3,584 
Foreign currency translation and other25 6 2 33 
Balance at December 31, 2025$3,427 $50 $140 $3,617 
Schedule of other intangible assets and related accumulated amortization
As of December 31, 2025 and 2024, the Company's other intangible assets and related accumulated amortization consisted of the following (in millions of dollars):
As of December 31,
20252024
Weighted
Avg. Life
Gross
Accumulated
Amortization
NetGross
Accumulated
Amortization
Net
Other intangible assets subject to amortization:
Dealer networks
20-25
$217 $204 $13 $218 $203 $15 
Patents, concessions, licenses and other
5-25
943 607 336 938 573 365 
Capitalized software
2-5
1,394 1,107 287 1,159 910 249 
2,554 1,918 636 2,315 1,686 629 
Other intangible assets not subject to amortization:
In-process research and development31 — 31 198 — 198 
Software in-progress147 — 147 121 — 121 
Trademarks272 — 272 273 — 273 
Total other intangible assets$3,004 $1,918 $1,086 $2,907 $1,686 $1,221