Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
REPORTABLE SEGMENTS - Schedule of Financial Information Regarding Reportable Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]          
Total net sales $ 9,457   $ 8,643 $ 17,855 $ 16,817
Research, development and engineering expenses 385   357 743 701
Equity, royalty and interest income (loss) from investees 154   118 302 249
Add back: Depreciation and amortization 280   275 560 541
Segment EBITDA 1,701   1,572 3,061 3,091
Payments for cancelled future sales commitments and claim resolutions, net   $ 175      
Charge to operating expense, net   $ 199      
Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (2,244)   (1,996) 4,221 3,922
Segment EBITDA 48   (15) (118) (44)
Operating Segments          
Segment Reporting [Line Items]          
Total net sales 11,701   10,639 22,076 20,739
Cost of goods sold (excluding warranty expenses) 8,937   8,170 16,847 15,888
Warranty expenses 231   190 388 347
Selling expenses 351   303 685 613
Administrative expenses 542   476 1,053 937
Research, development and engineering expenses 385   357 743 701
Equity, royalty and interest income (loss) from investees 154   118 302 249
Other income (expense) 12   36 (161) 48
Add back: Depreciation and amortization 280   275 560 541
Segment EBITDA 1,701   1,572 3,061 3,091
Interest income 33   30 65 56
Engine          
Segment Reporting [Line Items]          
Total net sales 2,349   2,162 4,315 4,202
Engine | Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (735)   (737) 1,441 1,468
Engine | Operating Segments          
Segment Reporting [Line Items]          
Total net sales 3,084   2,899 5,756 5,670
Cost of goods sold (excluding warranty expenses) 2,337   2,168 4,411 4,204
Warranty expenses 100   119 193 204
Selling expenses 69   61 138 120
Administrative expenses 173   146 335 284
Research, development and engineering expenses 181   151 345 306
Equity, royalty and interest income (loss) from investees 79   60 159 133
Other income (expense) 6   18 23 38
Add back: Depreciation and amortization 77   68 149 135
Segment EBITDA 386   400 665 858
Interest income 10   8 20 18
Components          
Segment Reporting [Line Items]          
Total net sales 2,431   2,295 4,569 4,565
Components | Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (460)   (410) 852 810
Components | Operating Segments          
Segment Reporting [Line Items]          
Total net sales 2,891   2,705 5,421 5,375
Cost of goods sold (excluding warranty expenses) 2,300   2,161 4,324 4,300
Warranty expenses 62   28 89 54
Selling expenses 52   40 99 81
Administrative expenses 141   121 275 240
Research, development and engineering expenses 88   77 169 152
Equity, royalty and interest income (loss) from investees 10   10 20 17
Other income (expense) (3)   (18) (21) (35)
Add back: Depreciation and amortization 126   127 254 249
Segment EBITDA 381   397 718 779
Interest income 11   10 22 17
Distribution          
Segment Reporting [Line Items]          
Total net sales 3,320   3,034 6,429 5,936
Distribution | Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (6)   (7) 13 12
Distribution | Operating Segments          
Segment Reporting [Line Items]          
Total net sales 3,326   3,041 6,442 5,948
Cost of goods sold (excluding warranty expenses) 2,633   2,419 5,096 4,751
Warranty expenses 14   5 21 11
Selling expenses 175   154 339 311
Administrative expenses 110   89 214 180
Research, development and engineering expenses 15   14 30 28
Equity, royalty and interest income (loss) from investees 34   26 62 54
Other income (expense) 4   27 22 36
Add back: Depreciation and amortization 34   32 69 64
Segment EBITDA 451   445 895 821
Interest income 7   7 13 12
Power Systems          
Segment Reporting [Line Items]          
Total net sales 1,217   1,054 2,310 1,926
Power Systems | Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (1,038)   (835) 1,901 1,612
Power Systems | Operating Segments          
Segment Reporting [Line Items]          
Total net sales 2,255   1,889 4,211 3,538
Cost of goods sold (excluding warranty expenses) 1,516   1,290 2,744 2,380
Warranty expenses 25   26 42 58
Selling expenses 50   41 98 87
Administrative expenses 106   106 207 206
Research, development and engineering expenses 79   69 145 126
Equity, royalty and interest income (loss) from investees 34   27 70 56
Other income (expense) 4   11 13 14
Add back: Depreciation and amortization 35   35 71 68
Segment EBITDA 552   430 1,129 819
Interest income 5   4 10 8
Accelera          
Segment Reporting [Line Items]          
Total net sales 140   98 232 188
Accelera | Intersegment eliminations          
Segment Reporting [Line Items]          
Total net sales (5)   (7) 14 20
Accelera | Operating Segments          
Segment Reporting [Line Items]          
Total net sales 145   105 246 208
Cost of goods sold (excluding warranty expenses) 151   132 272 253
Warranty expenses 30   12 43 20
Selling expenses 5   7 11 14
Administrative expenses 12   14 22 27
Research, development and engineering expenses 22   46 54 89
Equity, royalty and interest income (loss) from investees (3)   (5) (9) (11)
Other income (expense) 1   (2) (198) (5)
Add back: Depreciation and amortization 8   13 17 25
Segment EBITDA (69)   (100) (346) (186)
Interest income $ 0   $ 1 $ 0 $ 1