v3.26.1
OTHER LIABILITIES
6 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
June 30, 2026December 31, 2025
Marketing and sales incentive programs$1,879 $1,930 
Accrued expenses and deferred income942 843 
Warranty and campaign programs626 641 
Accrued employee benefits448 459 
Legal reserves and other provisions410 419 
Tax payables319 323 
Lease liabilities289 272 
Contract liabilities
141 122 
Restructuring and other transformation reserves11 15 
Other329 318 
Total$5,394 $5,342 
Warranty and Campaign Programs
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Balance as of beginning of period$631 $666 $641 $633 
Current year additions131 125 243 278 
Claims paid(133)(146)(252)(279)
Currency translation adjustment and other(3)23 (6)36 
Balance as of end of period$626 $668 $626 $668 
Restructuring and Other Transformation Expenses
The Company incurred restructuring and other transformation expenses of $27 million and $31 million during the three and six months ended June 30, 2026, respectively, and $5 million and $11 million during the three and six months ended June 30, 2025. The increase primarily reflects dealer network optimization initiatives, including contract termination costs, and other actions undertaken to improve operational efficiency.