v3.25.4
NET INVESTMENT IN OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Net Investment in Operating Leases
Net investment in operating leases at December 31 was as follows (in millions):
20242025
Vehicles, at cost (a)$25,424 $30,639 
Accumulated depreciation(3,735)(4,137)
Net investment in operating leases$21,689 $26,502 
__________
(a)Includes vehicle acquisition costs less interest supplements and residual support payments we receive on certain leasing transactions under agreements with Ford and affiliated companies, and deferral method investment tax credits.
Schedule of Minimum Payments Receivable on Operating Leases
The amounts contractually due on our operating leases at December 31, 2025 were as follows (in millions):
20262027202820292030Total
Operating lease payments$4,541 $3,181 $1,586 $404 $20 $9,732