GOODWILL AND OTHER INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023 were as follows (in millions of dollars):

	Agriculture		Construction		Financial Services		Total
Balance at January 1, 2023	$	3,136	$	46	$	140	$	3,322
Acquisition	177		—		—		177
Foreign currency translation and other	(9)		—		—		(9)
Balance at September 30, 2023	$	3,304	$	46	$	140	$	3,490

Summary of Other Intangible Assets

As of September 30, 2023 and December 31, 2022, the Company’s other intangible assets and related accumulated amortization consisted of the following (in millions of dollars):

		September 30, 2023						December 31, 2022
	Weighted Avg. Life	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Other intangible assets subject to    amortization:
Dealer networks	15	$	252	$	227	$	25	$	291	$	242	$	49
Patents, concessions, licenses and other	5-25	1,991		1,262		729		1,796		1,153		643
		2,243		1,489		754		2,087		1,395		692
Other intangible assets not subject to    amortization:
In-process research and development		211		—		211		165		—		165
Trademarks		272		—		272		272		—		272
Total other intangible assets		$	2,726	$	1,489	$	1,237	$	2,524	$	1,395	$	1,129