GOODWILL AND OTHER INTANGIBLES (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 were as follows (in millions of dollars):

	Agriculture		Construction		Financial Services		Total
Balance at January 1, 2024	$	3,426	$	47	$	141	$	3,614
Foreign currency translation and other	(9)		(1)		(1)		(11)
Balance at March 31, 2024	$	3,417	$	46	$	140	$	3,603

Summary of Other Intangible Assets

As of March 31, 2024 and December 31, 2023, the Company’s other intangible assets and related accumulated amortization consisted of the following (in millions of dollars):

		March 31, 2024						December 31, 2023
	Weighted Avg. Life	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Other intangible assets subject to amortization:
Dealer networks	20-25	$	245	$	224	$	21	$	246	$	223	$	23
Patents, concessions, licenses and other	5-25	929		539		390		928		523		405
Capitalized software	2-5	1,120		843		277		1,070		810		260
		2,294		1,606		688		2,244		1,556		688
Other intangible assets not subject to amortization:
In-process research and development		215		—		215		213		—		213
Software in-progress		89		—		89		119		—		119
Trademarks		273		—		273		272		—		272
Total other intangible assets		$	2,871	$	1,606	$	1,265	$	2,848	$	1,556	$	1,292