v3.25.4
Long-term debt - Long-term debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Long-term Debt    
Total long-term debt due after one year $ 30,696 $ 27,351
Mark to market adjustments, hedged liability, fair value hedge (34) (186)
Machinery, Power & Energy    
Long-term Debt    
Finance lease obligations and other 6 (103)
Long-term debt due after one year $ 10,678 8,564
Machinery, Power & Energy | Notes-$759 million of 5.200% due 2041    
Long-term Debt    
Effective Yield to Maturity (as a percent) 5.27%  
Notes $ 753 753
Debt instrument $ 759  
Debt instrument, interest rate (as a percent) 5.20%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$193 million of 6.625% due 2028    
Long-term Debt    
Effective Yield to Maturity (as a percent) 6.68%  
Debentures $ 193 193
Debt instrument $ 193  
Debt instrument, interest rate (as a percent) 6.625%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$500 million of 2.600% due 2029    
Long-term Debt    
Effective Yield to Maturity (as a percent) 2.67%  
Debentures $ 499 498
Debt instrument $ 500  
Debt instrument, interest rate (as a percent) 2.60%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures - $800 million of 2.600% due 2030    
Long-term Debt    
Effective Yield to Maturity (as a percent) 2.72%  
Debentures $ 796 796
Debt instrument $ 800  
Debt instrument, interest rate (as a percent) 2.60%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures - $500 million of 1.900% due 2031    
Long-term Debt    
Effective Yield to Maturity (as a percent) 2.04%  
Debentures $ 497 496
Debt instrument $ 500  
Debt instrument, interest rate (as a percent) 1.90%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$242 million of 7.300% due 2031    
Long-term Debt    
Effective Yield to Maturity (as a percent) 7.38%  
Debentures $ 241 241
Debt instrument $ 242  
Debt instrument, interest rate (as a percent) 7.30%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Unsecured Debentures Due in 2035 at 5.200%    
Long-term Debt    
Effective Yield to Maturity (as a percent) 5.30%  
Debentures $ 1,688 0
Debt instrument $ 1,700  
Debt instrument, interest rate (as a percent) 5.20%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$307 million of 5.300% due 2035    
Long-term Debt    
Effective Yield to Maturity (as a percent) 8.64%  
Debentures $ 241 237
Debt instrument $ 307  
Debt instrument, interest rate (as a percent) 5.30%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$460 million of 6.050% due 2036    
Long-term Debt    
Effective Yield to Maturity (as a percent) 6.12%  
Debentures $ 457 457
Debt instrument $ 460  
Debt instrument, interest rate (as a percent) 6.05%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$65 million of 8.250% due 2038    
Long-term Debt    
Effective Yield to Maturity (as a percent) 8.38%  
Debentures $ 64 64
Debt instrument $ 65  
Debt instrument, interest rate (as a percent) 8.25%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$160 million of 6.950% due 2042    
Long-term Debt    
Effective Yield to Maturity (as a percent) 7.02%  
Debentures $ 158 158
Debt instrument $ 160  
Debt instrument, interest rate (as a percent) 6.95%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$1,722 million of 3.803% due 2042    
Long-term Debt    
Effective Yield to Maturity (as a percent) 6.39%  
Debentures $ 1,395 1,375
Debt instrument $ 1,722  
Debt instrument, interest rate (as a percent) 3.803%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures—$500 million of 4.300% due 2044    
Long-term Debt    
Effective Yield to Maturity (as a percent) 4.39%  
Debentures $ 494 494
Debt instrument $ 500  
Debt instrument, interest rate (as a percent) 4.30%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures - $1000 million of 3.250% due 2049    
Long-term Debt    
Effective Yield to Maturity (as a percent) 3.34%  
Debentures $ 985 984
Debt instrument $ 1,000  
Debt instrument, interest rate (as a percent) 3.25%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures - $1200 million of 3.250% due 2050    
Long-term Debt    
Effective Yield to Maturity (as a percent) 3.32%  
Debentures $ 1,187 1,186
Debt instrument $ 1,200  
Debt instrument, interest rate (as a percent) 3.25%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Unsecured Debentures Due in 2055 at 5.500%    
Long-term Debt    
Effective Yield to Maturity (as a percent) 5.74%  
Debentures $ 289 0
Debt instrument $ 300  
Debt instrument, interest rate (as a percent) 5.50%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures—$500 million of 4.750% due 2064    
Long-term Debt    
Effective Yield to Maturity (as a percent) 4.81%  
Debentures $ 494 494
Debt instrument $ 500  
Debt instrument, interest rate (as a percent) 4.75%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Machinery, Power & Energy | Debentures-$246 million of 7.375% due 2097    
Long-term Debt    
Effective Yield to Maturity (as a percent) 7.51%  
Debentures $ 241 241
Debt instrument $ 246  
Debt instrument, interest rate (as a percent) 7.375%  
Percentage of the redemption price to the principal amount of debentures to be redeemed 100.00%  
Financial Products Segment    
Long-term Debt    
Long-term debt due after one year $ 20,018 18,787
Medium-term notes 19,675 18,568
Other 343 219
Financial Products    
Long-term Debt    
Long-term debt due after one year 20,018 18,787
Financial Products | Interest rate contracts    
Long-term Debt    
Mark to market adjustments, hedged liability, fair value hedge $ (88) $ (170)