v3.25.4
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Net operating loss carryforwards $ 7,196 $ 7,458
Tax credit carryforwards 7,500 7,993
Research expenditures 5,184 4,873
Dealer and dealers’ customer allowances and claims 4,088 3,498
Employee benefit plans 1,906 2,010
Other foreign deferred tax assets 3,418 2,691
All other 3,031 1,995
Total gross deferred tax assets 32,323 30,518
Less: Valuation allowances (628) (3,856)
Total net deferred tax assets 31,695 26,662
Deferred tax liabilities    
Leasing transactions 2,718 3,523
Depreciation and amortization (excluding leasing transactions) 1,855 3,590
Flow-through operations 2,370 891
Other foreign deferred tax liabilities 2,066 1,381
All other 2,087 1,976
Total deferred tax liabilities 11,096 11,361
Net deferred tax assets $ 20,599 $ 15,301