NET INVESTMENT IN OPERATING LEASES (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Net Investment in Operating Leases

Net investment in operating leases was as follows (in millions):

	December 31, 2024		September 30, 2025
Vehicles, at cost (a)	$	25,424	$	28,948
Accumulated depreciation	(3,735)		(3,969)
Net investment in operating leases	$	21,689	$	24,979

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(a)Includes vehicle acquisition costs less interest supplements and residual support payments we receive on certain leasing transactions under agreements with Ford and affiliated companies, and deferral method investment tax credits.