GOODWILL AND OTHER INTANGIBLES (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2023 were as follows:

	Agriculture		Construction		Financial Services		Total
	(in millions)
Balance at January 1, 2023	$	3,136	$	46	$	140	$	3,322
Acquisition	194		—		—		194
Foreign currency translation and other	(2)		—		—		(2)
Balance at March 31, 2023	$	3,328	$	46	$	140	$	3,514

Summary of Other Intangible Assets

As of March 31, 2023 and December 31, 2022, the Company’s other intangible assets and related accumulated amortization consisted of the following:

		March 31, 2023						December 31, 2022
	Weighted Avg. Life	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
		(in millions)
Other intangible assets subject to    amortization:
Dealer networks	15	$	291	$	244	$	47	$	291	$	242	$	49
Patents, concessions, licenses and other	5-25	1,891		1,176		715		1,796		1,153		643
		2,182		1,420		762		2,087		1,395		692
Other intangible assets not subject to    amortization:
In-process research and development		165				165		165				165
Trademarks		272		—		272		272		—		272
Total Other intangible assets		$	2,619	$	1,420	$	1,199	$	2,524	$	1,395	$	1,129