Consolidated Financial Position at December 31 - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 9,980	$ 6,889
Receivables – trade and other	10,920	9,282
Receivables – finance	10,649	9,565
Prepaid expenses and other current assets	2,801	3,119
Inventories	18,135	16,827
Total current assets	52,485	45,682
Property, plant and equipment - net	15,140	13,361
Long-term receivables – trade and other	2,142	1,225
Long-term receivables – finance	14,272	13,242
Noncurrent deferred and refundable income taxes	2,882	3,312
Intangible assets	241	399
Goodwill	5,321	5,241
Other assets	6,102	5,302
Total assets	98,585	87,764
Short-term borrowings:
Short-term borrowings	5,514	4,393
Accounts payable	8,968	7,675
Accrued expenses	5,587	5,243
Accrued wages, salaries and employee benefits	2,554	2,391
Customer advances	3,314	2,322
Dividends payable	703	674
Other current liabilities	2,798	2,909
Long-term debt due within one year:
Total current liabilities	36,558	32,272
Long-term debt due after one year:
Liability for postemployment benefits	3,838	3,757
Other liabilities	6,175	4,890
Total liabilities	77,267	68,270
Commitments and contingencies
Shareholders’ equity
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Authorized shares: 2,000,000,000 Issued shares: (2025 and 2024 – 814,894,624 shares) at paid-in amount	$ 7,181	$ 6,941
Treasury stock: (2025 - 349,607,292 shares; and 2024 - 336,962,600 shares) at cost	(49,539)	(44,331)
Profit employed in the business	65,448	59,352
Accumulated other comprehensive income (loss)	(1,772)	(2,471)
Noncontrolling interests	0	3
Total shareholders’ equity	21,318	19,494
Total liabilities and shareholders’ equity	98,585	87,764
Machinery, Power & Energy
Short-term borrowings:
Short-term borrowings	0	0
Long-term debt due within one year:
Long-term debt due within one year	35	46
Long-term debt due after one year:
Long-term debt due after one year	10,678	8,564
Financial Products
Short-term borrowings:
Short-term borrowings	5,514	4,393
Long-term debt due within one year:
Long-term debt due within one year	7,085	6,619
Long-term debt due after one year:
Long-term debt due after one year	$ 20,018	$ 18,787

Include the following two items 1) The noncurrent portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. 2)Carrying amount due more than one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.

No definition available.