v3.26.1
Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
Accrued Liabilities
Accrued liabilities consisted of the following:
June 30,
2026
December 31,
2025
(in millions)
Payroll-related obligations$209 $212 
Employee benefits, including current pension obligations63 111 
Income and other taxes payable123 132 
Warranty obligations (Note 6)
63 89 
Restructuring (Note 7)
45 62 
Customer deposits69 58 
Derivative financial instruments (Note 13)
— 
Accrued interest37 80 
Contract liabilities (Note 19)
70 84 
Operating lease liabilities89 89 
Other274 273 
Total$1,042 $1,191 
Liabilities, Noncurrent
Other long-term liabilities consisted of the following:
June 30,
2026
December 31,
2025
(in millions)
Environmental$$
Extended disability benefits
Warranty obligations (Note 6)
13 19 
Restructuring (Note 7)
12 11 
Payroll-related obligations11 11 
Accrued income taxes154 171 
Deferred income taxes, net235 205 
Contract liabilities (Note 19)
Derivative financial instruments (Note 13)
— 
Other49 51 
Total$484 $479