v3.26.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Financial Information for Discontinued Operations
RESULTS OF DISCONTINUED OPERATIONSThree months ended June 30Six months ended June 30
2026202520262025
Total revenue$— $— $— $— 
Cost of equipment and services sold— — — — 
Other income, costs and expenses(36)6 (40)6 
Net income (loss) of discontinued operations before income taxes(36)6 (40)6 
Benefit (provision) for income taxes(2)15 (25)22 
Net income (loss) of discontinued operations, net of taxes(38)21 (65)27 
Gain (loss) on disposal before income taxes— — — 4 
Benefit (provision) for income taxes— — — — 
Gain (loss) on disposal, net of taxes— — — 4 
Net income (loss) from discontinued operations, net of taxes$(38)$21 $(65)$31 

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSJune 30, 2026December 31, 2025
Cash, cash equivalents and restricted cash(a)
$854 $1,126 
Current receivables2 35 
 Property, plant and equipment - net 19 26 
All other assets
622 648 
Deferred income taxes20 21 
Assets of discontinued operations(b)$1,517 $1,855 
Accounts payable$21 $35 
Non-current compensation and benefits30 32 
All other liabilities1,092 1,347 
Liabilities of discontinued operations(b)
$1,144 $1,413 
(a) Included $851 million and $1,123 million of cash, cash equivalents and restricted cash related to Bank BPH as of June 30, 2026 and December 31, 2025, respectively. The decrease was primarily driven by utilization and foreign exchange movements.
(b) Included $1,103 million and $1,389 million of valuation allowances against financing receivables held for sale, related to estimated borrower litigation losses, and $711 million and $945 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of June 30, 2026 and December 31, 2025, respectively. Accordingly, total estimated losses related to borrower litigation were $1,814 million and $2,334 million as of June 30, 2026 and December 31, 2025, respectively, with the decrease driven by utilization and foreign exchange movements. The valuation allowance completely offsets the financing receivables balance as of June 30, 2026 and December 31, 2025.