v3.26.1
Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Instruments
Fair values of our financial instruments not carried at fair value were as follows:
(Millions of dollars)March 31, 2026December 31, 2025
 Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Fair
Value
Levels
Reference
Assets
Finance receivables, net (excluding finance leases(1))
$25,429 $24,924 $25,346 $25,012 3Note 3
Liabilities
Long-term debt$27,631 $27,611 $27,103 $27,204 2
(1)    Represents finance leases and failed sale leasebacks of $7.21 billion and $7.47 billion as of March 31, 2026 and December 31, 2025, respectively.