v3.26.3
Inventories and Equipment on Operating Leases, Net
 9 Months Ended
Sep. 30, 2026
Inventories and Equipment on Operating Leases, Net [Abstract]  
Inventories and Equipment on Operating Leases, Net Inventories and Equipment on Operating Leases, Net
The following is a summary of Inventories by major category:
September 30,
2026		December 31,
2025
Finished goods$849 $802 
Work-in-process139 142 
Raw materials75 72 
Total Inventories$1,063 $1,016 
The transfer of equipment from our inventories to equipment subject to an operating lease is presented in our Condensed Consolidated Statements of Cash Flows in the operating activities section. Equipment on operating leases and similar arrangements consist of our equipment rented to customers and depreciated to estimated salvage value at the end of the lease term.
Equipment on operating leases and the related accumulated depreciation are as follows:
September 30,
2026		December 31,
2025
Equipment on operating leases$942 $979 
Accumulated depreciation(670)(680)
Equipment on operating leases, net$272 $299 
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, were $6 and $7 for the three months ended September 30, 2026 and 2025, respectively, and $23 and $26 for the nine months ended September 30, 2026 and 2025, respectively.