Divestiture

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Mergers, Acquisitions and Dispositions Disclosures

Divestiture

We divested a non-U.S. entity on June 13, 2024 and recognized a pre-tax loss of approximately $210 million. The loss on divestiture is included within Other income (expense) in the Consolidated Statements of Profit (Loss). The proceeds were allocated in accordance with the sales agreement and agreement with Caterpillar.