Quarterly report [Sections 13 or 15(d)]

REPORTABLE SEGMENTS - Summary of Financial Information Regarding Reportable Operating Segments (Details)

v3.26.1
REPORTABLE SEGMENTS - Summary of Financial Information Regarding Reportable Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Total net sales $ 8,398 $ 8,174
Research, development and engineering expenses 358 344
Equity, royalty and interest income (loss) from investees 148 131
Add back: Depreciation and amortization 280 266
Segment EBITDA 1,360 1,519
Payments for cancelled future sales commitments and claim resolutions, net 175  
Charge to operating expense, net 199  
Amortization of debt discount and deferred costs 2 3
Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (1,977) (1,926)
Segment EBITDA 70 59
Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 10,375 10,100
Cost of goods sold (excluding warranty expenses) 7,910 7,718
Warranty expenses 157 157
Selling expenses 334 310
Administrative expenses 511 461
Research, development and engineering expenses 358 344
Equity, royalty and interest income (loss) from investees 148 131
Other income (expense) (173) 12
Add back: Depreciation and amortization 280 266
Segment EBITDA 1,360 1,519
Interest income 32 26
Engine    
Segment Reporting Information [Line Items]    
Total net sales 1,966 2,040
Engine | Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (706) (731)
Engine | Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 2,672 2,771
Cost of goods sold (excluding warranty expenses) 2,074 2,036
Warranty expenses 93 85
Selling expenses 69 59
Administrative expenses 162 138
Research, development and engineering expenses 164 155
Equity, royalty and interest income (loss) from investees 80 73
Other income (expense) 17 20
Add back: Depreciation and amortization 72 67
Segment EBITDA 279 458
Interest income 10 10
Components    
Segment Reporting Information [Line Items]    
Total net sales 2,138 2,270
Components | Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (392) (400)
Components | Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 2,530 2,670
Cost of goods sold (excluding warranty expenses) 2,024 2,139
Warranty expenses 27 26
Selling expenses 47 41
Administrative expenses 134 119
Research, development and engineering expenses 81 75
Equity, royalty and interest income (loss) from investees 10 7
Other income (expense) (18) (17)
Add back: Depreciation and amortization 128 122
Segment EBITDA 337 382
Interest income 11 7
Distribution    
Segment Reporting Information [Line Items]    
Total net sales 3,109 2,902
Distribution | Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (7) (5)
Distribution | Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 3,116 2,907
Cost of goods sold (excluding warranty expenses) 2,463 2,332
Warranty expenses 7 6
Selling expenses 164 157
Administrative expenses 104 91
Research, development and engineering expenses 15 14
Equity, royalty and interest income (loss) from investees 28 28
Other income (expense) 18 9
Add back: Depreciation and amortization 35 32
Segment EBITDA 444 376
Interest income 6 5
Power Systems    
Segment Reporting Information [Line Items]    
Total net sales 1,093 872
Power Systems | Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (863) (777)
Power Systems | Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 1,956 1,649
Cost of goods sold (excluding warranty expenses) 1,228 1,090
Warranty expenses 17 32
Selling expenses 48 46
Administrative expenses 101 100
Research, development and engineering expenses 66 57
Equity, royalty and interest income (loss) from investees 36 29
Other income (expense) 9 3
Add back: Depreciation and amortization 36 33
Segment EBITDA 577 389
Interest income 5 4
Accelera    
Segment Reporting Information [Line Items]    
Total net sales 92 90
Accelera | Intersegment eliminations    
Segment Reporting Information [Line Items]    
Total net sales (9) (13)
Accelera | Operating Segments    
Segment Reporting Information [Line Items]    
Total net sales 101 103
Cost of goods sold (excluding warranty expenses) 121 121
Warranty expenses 13 8
Selling expenses 6 7
Administrative expenses 10 13
Research, development and engineering expenses 32 43
Equity, royalty and interest income (loss) from investees (6) (6)
Other income (expense) (199) (3)
Add back: Depreciation and amortization 9 12
Segment EBITDA (277) (86)
Interest income $ 0 $ 0