Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under non-cancellable leases as of December 31, 2024, were as follows:

(in millions of dollars)	Operating Leases
2025	$	86
2026	66
2027	51
2028	37
2029	26
2030 and thereafter	58
Total future minimum lease payments	324
Less: Interest	42
Total	$	282

Schedule of equipment on operating leases

A summary of equipment on operating leases as of December 31, 2024, and 2023 is as follows:

(in millions of dollars)	2024		2023
Equipment on operating leases	$	1,831	$	1,784
Accumulated depreciation and other changes	(365)		(367)
Net equipment on operating leases	$	1,466	$	1,417

Schedule of undiscounted lease payments to be received under operating leases

The following table sets out a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date:

(in millions of dollars)	Amount
2025	$	195
2026	136
2027	68
2028	27
2029	7
2030 and thereafter	—
Total undiscounted lease payments	$	433