GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2022 are as follows:

	Agriculture		Construction		Financial Services		Total
	(in millions)
Balance at January 1, 2022	$	3,020	$	49	$	141	$	3,210
Acquisition	43		—		—		43
Foreign currency translation and other	10		(4)		—		6
Balance at June 30, 2022	$	3,073	$	45	$	141	$	3,259

Summary of Other Intangible Assets

As of June 30, 2022 and December 31, 2021, the Company’s other intangible assets and related accumulated amortization consisted of the following:

		June 30, 2022						December 31, 2021
	Weighted Avg. Life	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
		(in millions)
Other intangible assets subject to    amortization:
Dealer networks	15	$	291	$	237	$	54	$	290	$	231	$	59
Patents, concessions, licenses and other	5-25	1,966		1,116		850		1,973		1,097		876
		2,257		1,353		904		2,263		1,328		935
Other intangible assets not subject to    amortization:
Trademarks		272		—		272		272		—		272
Total Other intangible assets		$	2,529	$	1,353	$	1,176	$	2,535	$	1,328	$	1,207