v3.26.3
DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Financial Information for Discontinued Operations
RESULTS OF DISCONTINUED OPERATIONSThree months ended September 30Nine months ended September 30
2026202520262025
Total revenue$— $— $— $— 
Cost of equipment and services sold— — — — 
Other income, costs and expenses(121)(6)(161)— 
Net income (loss) of discontinued operations before income taxes(121)(6)(161)— 
Benefit (provision) for income taxes(3)(11)(27)10 
Net income (loss) of discontinued operations, net of taxes(124)(17)(188)10 
Gain (loss) on disposal before income taxes— — — 4 
Benefit (provision) for income taxes— — — — 
Gain (loss) on disposal, net of taxes— — — 4 
Net income (loss) from discontinued operations, net of taxes$(124)$(17)$(188)$14 

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSSeptember 30, 2026December 31, 2025
Cash, cash equivalents and restricted cash(a)
$735 $1,126 
Current receivables1 35 
 Property, plant and equipment - net 15 26 
All other assets(a)
588 648 
Deferred income taxes22 21 
Assets of discontinued operations(b)$1,361 $1,855 
Accounts payable$14 $35 
Non-current compensation and benefits30 32 
All other liabilities1,051 1,347 
Liabilities of discontinued operations(b)
$1,096 $1,413 
(a) Included $732 million and $1,123 million of cash, cash equivalents and restricted cash, and $344 million and $385 million of investment securities consisting of Non-U.S. corporate debt in All other assets, both related to Bank BPH as of September 30, 2026 and December 31, 2025, respectively. The decrease in cash, cash equivalents and restricted cash was primarily driven by utilization.
(b) Included $976 million and $1,389 million of valuation allowances against financing receivables held for sale, related to estimated borrower litigation losses, and $682 million and $945 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of September 30, 2026 and December 31, 2025, respectively. Accordingly, total estimated losses related to borrower litigation were $1,658 million and $2,334 million as of September 30, 2026 and December 31, 2025, respectively, with the decrease primarily driven by utilization. The valuation allowance completely offsets the financing receivables balance as of September 30, 2026 and December 31, 2025.