v3.26.3
Consolidated Statement of Cash Flow - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flow from operating activities:    
Profit (loss) of consolidated and affiliated companies $ 9,427 $ 6,481
Adjustments to reconcile profit to net cash provided by operating activities:    
Depreciation and amortization 1,826 1,664
Provision (benefit) for deferred income taxes 630 300
(Gain) loss on divestiture 139 0
Other 249 509
Changes in assets and liabilities, net of acquisitions and divestitures:    
Receivables – trade and other (3,761) (788)
Inventories (4,118) (2,015)
Accounts payable 1,752 1,086
Accrued expenses 354 51
Accrued wages, salaries and employee benefits 107 (296)
Customer advances 4,002 1,649
Other assets – net (251) (138)
Other liabilities – net 237 (355)
Net cash provided by (used for) operating activities 10,593 8,148
Cash flow from investing activities:    
Capital expenditures – excluding equipment leased to others (2,012) (1,923)
Expenditures for equipment leased to others (1,214) (1,021)
Proceeds from disposals of leased assets and property, plant and equipment 773 544
Additions to finance receivables (13,123) (10,964)
Collections of finance receivables 12,149 9,890
Proceeds from sale of finance receivables 56 26
Investments and acquisitions (net of cash acquired) (893) (26)
Proceeds from sale of businesses and investments (net of cash sold) (92) 12
Proceeds from maturities and sale of securities 1,303 1,945
Investments in securities (1,872) (1,291)
Other – net 170 (19)
Net cash provided by (used for) investing activities (4,755) (2,827)
Cash flow from financing activities:    
Dividends paid (2,148) (2,043)
Common stock issued, and other stock compensation transactions, net (131) (39)
Payments to purchase common stock (7,745) (4,850)
Excise tax paid on purchases of common stock (49) (73)
Short-term borrowings – net (original maturities three months or less) (748) 106
Net cash provided by (used for) financing activities (7,826) (4,650)
Effect of exchange rate changes on cash (63) (23)
Increase (decrease) in cash, cash equivalents and restricted cash (2,051) 648
Cash, cash equivalents and restricted cash at beginning of period 9,986 6,896
Cash, cash equivalents and restricted cash at end of period 7,935 7,544
Sales of Machinery, Power & Energy    
Cash flow from financing activities:    
Proceeds from debt issued (original maturities greater than three months): 0 1,976
Payments on debt (original maturities greater than three months): (30) (43)
Financial Products    
Cash flow from financing activities:    
Proceeds from debt issued (original maturities greater than three months): 10,490 6,478
Payments on debt (original maturities greater than three months): $ (7,465) $ (6,162)