v3.26.1
INVENTORIES
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
June 30,
2026
December 31,
2025
Finished equipment$398 $373 
Replacement parts207 190 
Work-in-process365 107 
Raw materials, chassis, and supplies
686 439 
Inventories
$1,656 $1,109 

Inventory reserves were $93 million and $68 million at June 30, 2026 and December 31, 2025, respectively.