v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents (Note 3) $ 9,270 $ 9,272
Marketable securities (Note 3) 784 706
Finance receivables, net 119,796 121,950
Net investment in operating leases (Note 5) 26,502 21,689
Notes and accounts receivable from affiliated companies 984 836
Derivative financial instruments (Note 7) 1,528 784
Other assets (Note 8) 3,589 3,055
Total assets 162,453 158,292
LIABILITIES    
Accounts payable (including to affiliated companies of $723 and $481) 1,445 1,684
Debt (Note 9) 141,417 137,868
Deferred income taxes 660 364
Derivative financial instruments (Note 7) 947 1,992
Other liabilities and deferred revenue (Note 8) 3,180 2,627
Total liabilities 147,649 144,535
SHAREHOLDER’S INTEREST    
Shareholder’s interest 5,166 5,166
Accumulated other comprehensive income/(loss) (695) (1,217)
Retained earnings 10,333 9,808
Total shareholder’s interest 14,804 13,757
Total liabilities and shareholder’s interest 162,453 158,292
Retail installment contracts, dealer financing, and other financing    
ASSETS    
Finance receivables, net 111,039 114,069
Finance leases    
ASSETS    
Finance receivables, net $ 8,757 $ 7,881