GOODWILL AND OTHER INTANGIBLES (Tables)

9 Months Ended

Sep. 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 nine months ended September 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)		(8)		(2)		(20)
Balance at September 30, 2022	$	3,053	$	41	$	139	$	3,233

Summary of Other Intangible Assets

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

		September 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	$	289	$	238	$	51	$	290	$	231	$	59
Patents, concessions, licenses and other	5-25	1,946		1,111		835		1,973		1,097		876
		2,235		1,349		886		2,263		1,328		935
Other intangible assets not subject to    amortization:
Trademarks		272		—		272		272		—		272
Total Other intangible assets		$	2,507	$	1,349	$	1,158	$	2,535	$	1,328	$	1,207