Equipment on Operating Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Carrying amount of Equipment on operating leases, net

The carrying amount of Equipment on operating leases, net in the Consolidated Statements of Financial Position as of December 31, was as follows: 

(Millions of dollars)	2025		2024
Equipment on operating leases, at cost	$	4,401	$	4,207
Less: Accumulated depreciation	(1,474)		(1,427)
Equipment on operating leases, net	$	2,927	$	2,780

Schedule of payments due for operating leases

At December 31, 2025, rental payments to be received for equipment on operating leases were as follows: 

(Millions of dollars)
2026		2027		2028		2029		2030		Thereafter		Total
$	745	$	503	$	324	$	153	$	72	$	21	$	1,818