v3.25.2
SEGMENT REPORTING - Adjusted EBIT for Industrial Activities Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 4,021 $ 4,803 [1] $ 7,193 $ 8,934 [1]
Finance, interest income 690 685 [1] 1,346 1,372 [1]
Total Revenues 4,711 5,488 [1] 8,539 10,306 [1]
Cost of goods sold (3,192) (3,702) [1] (5,761) (6,897) [1]
Selling, general and administrative expenses (478) (461) [1] (864) (872) [1]
Research and development expenses (218) (237) [1] (402) (465) [1]
Interest expense (Financial Services) (360) (418) [1] (722) (812) [1]
Equity in income of joint ventures 18 45 [1] 35 89 [1]
Segment Profit/(loss) [C=A+B] 410 676 681 1,252
Interest income/(expenses), net (excluding Financial Services) (26) (46) (51) (78)
Restructuring Expenses (Financial Services) (5) (51) [1] (11) (82) [1]
Foreign exchange (gains) losses, net (Agriculture & Construction) (9) (4) (14) (4)
Finance and non-service component of Pension and other post employment benefit costs (Agriculture & Construction) (3) (1) (7) (2)
Unallocated amounts (74) (60) (126) (127)
Discrete items excluded from Segments   (15) 0 (15)
Income tax expense (76) (95) [1] (123) (172) [1]
Net income (loss) 217 404 [1],[2] 349 773 [1],[2],[3]
Operating segments        
Segment Reporting Information [Line Items]        
Net sales 4,021 4,803 7,193 8,934
Loss from sale of business, held for sale   15   15
2021 Modification of Healthcare Plan | Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Benefits modification amortization 6 6 $ 12 12
Amortization period of retirement benefits payable     4 years  
Reduction of plan liability     $ 101  
Agriculture        
Segment Reporting Information [Line Items]        
Net sales 3,248 3,913 5,829 7,286
Finance, interest income 0 0 0 0
Total Revenues 3,248 3,913 5,829 7,286
Cost of goods sold (2,540) (2,959) (4,606) (5,528)
Selling, general and administrative expenses (265) (279) (490) (530)
Research and development expenses (194) (214) (357) (418)
Equity in income of joint ventures 14 41 26 80
Adjusted EBIT [A] 263 502 402 890
Construction        
Segment Reporting Information [Line Items]        
Net sales 773 890 1,364 1,648
Finance, interest income 0 0 0 0
Total Revenues 773 890 1,364 1,648
Cost of goods sold (652) (743) (1,155) (1,369)
Selling, general and administrative expenses (62) (64) (115) (121)
Research and development expenses (24) (23) (45) (47)
Equity in income of joint ventures 0 0 0 0
Adjusted EBIT [A] 35 60 49 111
Financial Services        
Segment Reporting Information [Line Items]        
Net sales 0 0 0 0
Finance, interest income 685 687 1,336 1,372
Total Revenues 685 687 1,336 1,372
Cost of goods sold 0 0 0 0
Selling, general and administrative expenses (114) (87) (195) (156)
Research and development expenses 0 0 0 0
Interest expense (Financial Services) (329) (374) (661) (734)
Other, net (Financial Services) (134) (116) (259) (239)
Equity in income of joint ventures 4 4 9 9
Income before income taxes [B] 112 114 230 251
Restructuring Expenses (Financial Services)   0 0 (1)
Risk cost 81 55 131 92
Financial Services | Operating segments        
Segment Reporting Information [Line Items]        
Total Revenues 685 687 1,336 1,372
Restructuring expenses (Industrial Activities)        
Segment Reporting Information [Line Items]        
Restructuring Expenses (Financial Services) $ (5) $ (51) $ (11) $ (81)
[1] See "Note 20: Immaterial Revision of Prior Period Financial Statements".
[2]
(1) See "Note 20: Immaterial Revision of Prior Period Financial Statements".
[3]
(1) See "Note 20: Immaterial Revision of Prior Period Financial Statements".