v3.26.1
BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Allowance for Doubtful Accounts Rollforward
The following table summarizes changes in the consolidated allowance for doubtful accounts (in millions):

Six Months Ended
 June 30, 2026June 30, 2025
Balance at beginning of period
$9 $9 
Provision for credit losses2 1 
Other (1)
(1)— 
Balance at end of period$10 $10 
(1) Includes utilization of established reserves, net of recoveries and the impact of foreign exchange rate changes.
Changes in Product Warranty Liability
The following table summarizes changes in the consolidated product warranty liability (in millions):
Six Months Ended
 June 30, 2026June 30, 2025
Balance at beginning of period$50 54 
Liabilities assumed due to business acquisition53 — 
Accruals for warranties issued during the period45 25 
Changes in estimates4 6 
Settlements during the period(44)(30)
Foreign exchange effect/other— 2 
Balance at end of period$108 $57 
Contract with Customer, Contract Asset, Contract Liability, and Receivable Revenue recognized during the period related to contract liabilities outstanding as of December 31, 2025 and December 31, 2024 was as follows (in millions):
Three Months EndedSix Months Ended
 
June 30, 2026(1)
June 30, 2025
June 30, 2026(1)
June 30, 2025
Contract liabilities recognized in period$31 $9 $94 $27 
(1) Includes $23 million and $67 million for the three and six months ended June 30, 2026, respectively, that were included in the contract liabilities balance of $359 million assumed in connection with the REV Transaction. See Note D - “Acquisitions” in our Condensed Consolidated Financial Statements for additional information regarding the REV Transaction.