Accounts receivable, net (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Summary of accounts receivable

Accounts receivable, net as of December 31 were:

in $ millions	2025	2024
Trade receivables	4,296	3,829
Construction contract assets	525	690
Total accounts receivable	4,821	4,519
Less: allowance for credit losses	(137)	(140)
Other current receivables	494	441
Total accounts receivable, net	5,178	4,820

Movement in credit loss allowance

The changes in the allowance for credit losses as of December 31 were as follows:

in $ millions	2025	2024	2023
As of January 1	140	149	125
Charge-offs	(14)	(14)	(18)
Provision for credit losses	6	11	47
Recoveries	(12)	(4)	(8)
Foreign currency translation and other	17	(2)	3
As of December 31	137	140	149