v3.26.1
SALES OF RECEIVABLES (Tables)
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Receivables Sold
The following table presents a summary of receivables sold (in millions).
Three Months Ended March 31,
20262025
Gross receivables sold/cash proceeds received$3,445 $4,231 
Collections reinvested under revolving receivables program(3,295)(4,120)
Net cash proceeds received$150 $111 
Net receivables sold$3,416 $4,205 
Obligations recorded (Level 3)$67 $103 
Schedule of Amounts Transferred or Pledged
The following table presents a summary of the amounts transferred or pledged, which were held at the Company’s bankruptcy-remote consolidated subsidiary (in millions).
March 31, 2026December 31, 2025
Gross receivables pledged as collateral$2,121 $2,632 
Balance sheet classification:
Receivables, net$1,652 $2,230 
Other noncurrent assets$469 $402