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Income taxes - Deferred income tax assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Noncurrent deferred and refundable income taxes $ 3,191 $ 2,634
Liabilities:    
Other liabilities 432 454
Deferred income taxes—net 2,759 2,180
Deferred income tax assets:    
Research expenditures 1,735 1,350
Tax carryforwards 1,346 1,389
Postemployment benefits 560 656
Employee compensation and benefits 531 634
Warranty reserves 303 325
Post sale discounts 260 253
Inventory valuation 183 138
Lease obligations 151 144
Other—net 288 205
Deferred income tax assets, total 5,357 5,094
Deferred income tax liabilities:    
Capital and intangible assets, including lease basis differences (1,270) (1,312)
Other outside basis differences (253) (267)
Undistributed profits, including translation adjustments (201) (401)
Deferred income tax liabilities, total (1,724) (1,980)
Valuation allowance for deferred tax assets (874) (934)
Deferred income taxes—net $ 2,759 $ 2,180