Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2) Carryforward Deferred Tax Asset/Liability, BS Disclosure, Recon. of Unrecognized Tax Benefits

v3.25.0.1
INCOME TAXES (Details 2) Carryforward Deferred Tax Asset/Liability, BS Disclosure, Recon. of Unrecognized Tax Benefits - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets:      
U.S. and state carryforward benefits $ 254 $ 272  
Foreign carryforward benefits 653 609  
Employee benefit plans 308 347  
Warranty expenses 545 483  
Lease liabilities 109 125  
Capitalized research and development expenditures 805 591  
Accrued expenses 207 253  
Other 139 78  
Gross deferred tax assets 3,020 2,758  
Valuation allowance (872) (789) $ (704)
Deferred Tax Assets, Net of Valuation Allowance 2,148 1,969  
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount 83 85 344
Deferred tax liabilities:      
Property, plant and equipment (371) (367)  
Unremitted income of foreign subsidiaries and joint ventures (162) (179)  
Employee benefit plans (289) (278)  
Lease assets (109) (123)  
Deferred Tax Liabilities, Intangible Assets (315) (406)  
Other (172) (64)  
Deferred Tax Liabilities, Gross (1,418) (1,417)  
Deferred Tax Assets, Net 730 552  
Balance Sheet Related Disclosures      
Refundable income taxes 121 81  
Deferred income taxes 1,119 1,082  
Long-term refundable income taxes 47 27  
Taxes Payable, Current 244 242  
Taxes Payable, Non-Current 5 111  
Deferred Tax Liabilities, Net 389 530  
Reconciliation of unrecognized tax benefits      
Beginning balance 330 283 89
Unrecognized Tax Benefits, Increase Resulting from Acquisition 0 8 189
Additions to current year tax positions 21 21 17
Additions to prior years' tax positions 9 19 17
Reductions to prior years' tax positions (18) (1) (1)
Reductions for tax positions due to settlements with taxing authorities (38) 0 (28)
Ending balance 304 330 283
Unrecognized tax benefits that would impact effective tax rate 289 314 270
Unrecognized tax benefits, interest accrued $ 31 $ 33 $ 18