v3.26.1
SALES OF RECEIVABLES (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Receivables Sold
The following table presents a summary of receivables sold (in millions).
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Gross receivables sold/cash proceeds received$3,732 $3,991 $7,177 $8,222 
Collections reinvested under revolving receivables program(3,682)(4,240)(6,977)(8,360)
Net cash proceeds received (remitted)$50 $(249)$200 $(138)
Net receivables sold$3,718 $3,985 $7,134 $8,190 
Obligations recorded (Level 3)$86 $97 $153 $200 
Schedule of Amounts Transferred or Pledged
The following table presents a summary of the amounts transferred or pledged, which were held at the Company’s bankruptcy-remote consolidated subsidiary (in millions).
June 30, 2026December 31, 2025
Gross receivables pledged as collateral$2,238 $2,632 
Balance sheet classification:
Receivables, net$1,804 $2,230 
Other noncurrent assets$434 $402