v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 2,578 $ 3,191
Restricted cash 651 675
Trade receivables, net 226 125
Financing receivables, net 23,105 23,085
Financial receivables from Iveco Group N.V. 195 168
Inventories, net 4,651 4,776
Property, plant and equipment, net 2,181 1,936
Investments in unconsolidated affiliates 437 490
Equipment under operating leases 1,591 1,466
Goodwill 3,617 3,584
Other intangible assets, net 1,086 1,221
Deferred tax assets 1,207 927
Derivative assets 142 196
Other assets 1,080 1,093
Total Assets 42,747 42,933
Liabilities and Equity    
Debt 26,762 26,882
Financial payables to Iveco Group N.V. 91 62
Trade payables 2,247 2,292
Deferred tax liabilities 17 28
Pension, postretirement and other postemployment benefits 366 392
Derivative liabilities 97 146
Other liabilities 5,342 5,363
Total Liabilities 34,922 35,165
Redeemable noncontrolling interest 53 55
Common shares, €0.01, par value; outstanding 1,242,064,719 common shares and 370,457,350 loyalty program special voting shares in 2025; and outstanding 1,248,023,791 common shares and 370,994,305 loyalty program special voting shares in 2024 25 25
Treasury stock, at cost - 122,335,477 shares in 2025 and 116,376,405 shares in 2024 (1,422) (1,386)
Additional paid-in capital 1,388 1,415
Retained earnings 10,506 10,309
Accumulated other comprehensive loss (2,767) (2,712)
Noncontrolling interests 42 62
Total Equity 7,772 7,713
Total Liabilities and Equity 42,747 42,933
Variable Interest Entity, Primary Beneficiary    
Assets    
Restricted cash 541 585
Financing receivables, net 10,248 10,831
Total Assets 10,789 11,416
Liabilities and Equity    
Debt 10,025 10,577
Total Liabilities $ 10,025 $ 10,577