v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents (Note 3) $ 8,251 $ 9,270
Marketable securities (Note 3) 768 784
Finance receivables, net    
Finance receivables, net 118,101 119,796
Net investment in operating leases (Note 5) 28,037 26,502
Notes and accounts receivable from affiliated companies 703 984
Derivative financial instruments (Note 7) 1,264 1,528
Other assets (Note 8) 4,438 3,589
Total assets 161,562 162,453
LIABILITIES    
Accounts payable (including to affiliated companies of $481 and $676) 1,627 1,445
Debt (Note 9) 139,393 141,417
Deferred income taxes 910 660
Derivative financial instruments (Note 7) 1,870 947
Other liabilities and deferred revenue (Note 8) 3,224 3,180
Total liabilities 147,024 147,649
SHAREHOLDER’S INTEREST    
Shareholder’s interest 5,166 5,166
Accumulated other comprehensive income/(loss) (774) (695)
Retained earnings 10,146 10,333
Total shareholder’s interest 14,538 14,804
Total liabilities and shareholder’s interest 161,562 162,453
Retail installment contracts, dealer financing, and other financing    
Finance receivables, net    
Finance receivables, net 109,701 111,039
Finance leases    
Finance receivables, net    
Finance receivables, net $ 8,400 $ 8,757