v3.26.1
Segment Financial Data (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Segment information for the quarters ended June 30, 2026 and 2025 is as follows:

Quarter Ended June 30, 2026Quarter Ended June 30, 2025
(dollars in millions)New EquipmentServiceTotalNew EquipmentServiceTotal
Net sales$1,279 $2,580 $3,859 $1,276 $2,319 $3,595 
Costs and expenses:
Cost of sales1,080 1,640 2,720 1,061 1,440 2,501 
Selling, general and administrative132 329 461 119 292 411 
Other including research and development27 12 39 28 9 37 
Total segment operating profit$40 $599 639 $68 $578 646 
Corporate and Unallocated
General corporate expenses and other52 34 
UpLift restructuring— 25 
Other restructuring11 12 
UpLift transformation costs— 18 
Separation-related adjustments— 9 
Other, net1 1 
Total company operating profit575 547 
Non-service pension cost (benefit)2 — 
Interest expense (income), net26 26 
Net income before income taxes$547 $521 
Segment information for the six months ended June 30, 2026 and 2025 is as follows:

Six Months Ended June 30, 2026Six Months Ended June 30, 2025
(dollars in millions)New EquipmentServiceTotalNew EquipmentServiceTotal
Net sales$2,428 $4,997 $7,425 $2,439 $4,506 $6,945 
Costs and expenses:
Cost of sales2,036 3,165 5,201 2,023 2,803 4,826 
Selling, general and administrative261 653 914 229 574 803 
Other including research and development53 24 77 53 14 67 
Total segment operating profit$78 $1,155 1,233 $134 $1,115 1,249 
Corporate and Unallocated
General corporate expenses and other96 77 
UpLift restructuring— 45 
Other restructuring18 35 
UpLift transformation costs— 41 
Separation-related adjustments5 61 
Litigation-related settlement costs— 21 
Held for sale impairment— 10 
Other, net— 1 
Total company operating profit1,114 958 
Non-service pension cost (benefit)2 — 
Interest expense (income), net85 71 
Net income before income taxes$1,027 $887