Quarterly report [Sections 13 or 15(d)]

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

v3.26.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Unbilled and Deferred Revenue
The following is a summary of our unbilled and deferred revenue and related activity:
In millions March 31,
2026		 December 31,
2025
Unbilled revenue $ 323  $ 439 
Deferred revenue 2,644  2,660 
Summary of Revenue by Geographic Areas
The table below presents our consolidated net sales by country based on the location of the customer:
Three months ended
  March 31,
In millions 2026 2025
United States $ 4,497  $ 4,750 
China 1,000  779 
India 471  426 
Other international 2,430  2,219 
Total net sales $ 8,398  $ 8,174 
Summary of Revenue by External Sales
Engine segment external sales by market were as follows:
Three months ended
March 31,
In millions 2026 2025
Heavy-duty truck $ 563  $ 654 
Medium-duty truck and bus 613  700 
Light-duty automotive 448  425 
Total on-highway 1,624  1,779 
Off-highway 342  261 
Total sales $ 1,966  $ 2,040 
Components segment external sales by business were as follows:
Three months ended
March 31,
In millions 2026 2025
Drivetrain and braking systems $ 918  $ 1,056 
Emission solutions 807  791 
Components and software 325  306 
Automated transmissions 88  117 
Total sales $ 2,138  $ 2,270 
Distribution segment external sales by region were as follows:
Three months ended
March 31,
In millions 2026 2025
North America $ 2,168  $ 2,099 
Asia Pacific 327  240 
Europe 303  269 
China 120  113 
India 84  72 
Africa and Middle East 56  59 
Latin America 51  50 
Total sales $ 3,109  $ 2,902 
Distribution segment external sales by product line were as follows:
Three months ended
March 31,
In millions 2026 2025
Power generation $ 1,271  $ 1,090 
Parts 1,063  1,026 
Service 433  416 
Engines 342  370 
Total sales $ 3,109  $ 2,902 
Power Systems segment external sales by product line were as follows:
Three months ended
March 31,
In millions 2026 2025
Power generation $ 640  $ 445 
Industrial 293  284 
Generator technologies 160  143 
Total sales $ 1,093  $ 872