v3.25.4
Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
Schedule of other liabilities
A summary of "Other liabilities" as of December 31, 2025 and 2024 is as follows (in millions of dollars):
As of December 31,
20252024
Warranty and campaign programs$641 $633 
Marketing and sales incentive programs1,930 2,075 
Tax payables323 243 
Accrued expenses and deferred income843 917 
Accrued employee benefits459 376 
Lease liabilities 272 282 
Legal reserves and other provisions419 390 
Contract liabilities122 72 
Restructuring reserve15 30 
Other318 345 
Total$5,342 $5,363 
Schedule of recorded activity for the basic warranty and campaign program accrual A summary of recorded activity for the basic warranty and campaign program accrual for the years ended December 31, 2025 and 2024 are as follows (in millions of dollars):
Years Ended December 31,
20252024
Balance at beginning of year$633 $610 
Current year additions535 628 
Claims paid(563)(570)
Currency translation adjustment and other36 (35)
Balance at end of year$641 $633 
Schedule of restructuring activity
The following table sets forth restructuring activity for the years ended December 31, 2025, 2024 and 2023 (in millions of dollars):
Severance and Other Employee Costs
Facility Related
Costs
Other
Restructuring
Total
Balance at December 31, 2022$25 $3 $2 $30 
Restructuring charges36 23 8 67 
Reserves utilized: cash(19)(23)(12)(54)
Reserves utilized: non-cash(3)1 2 — 
Currency translation adjustments— — — — 
Balance at December 31, 202339 4 — 43 
Restructuring charges81 17 20 118 
Reserves utilized: cash(99)(5)(14)(118)
Reserves utilized: non-cash(2)(5)(7)(14)
Currency translation adjustments(4)(3)8 1 
Balance at December 31, 202415 8 7 30 
Restructuring charges10 2 10 22 
Reserves utilized: cash(16)(3)(8)(27)
Reserves utilized: non-cash(1)(3)(8)(12)
Currency translation adjustments— 1 1 2 
Balance at December 31, 2025$8 $5 $2 $15