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Accounts receivable, net
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Accounts receivable, net
4. Accounts receivable, net
Accounts receivable, net as of December 31 were:
in $ millions20252024
Trade receivables4,2963,829
Construction contract assets525690
Total accounts receivable4,8214,519
Less: allowance for credit losses(137)(140)
Other current receivables494441
Total accounts receivable, net5,1784,820
Of the total Accounts receivable, net balances, $32 million and $46 million as of December 31, 2025, and 2024, respectively, were due from equity method investments.
The changes in the allowance for credit losses as of December 31 were as follows:
in $ millions202520242023
As of January 1140149125
Charge-offs(14)(14)(18)
Provision for credit losses61147
Recoveries(12)(4)(8)
Foreign currency translation and other17(2)3
As of December 31137140149