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OTHER LIABILITIES AND DEFERRED REVENUE
6 Months Ended
Jun. 30, 2026
Other Liabilities [Abstract]  
OTHER LIABILITIES AND DEFERRED REVENUE OTHER LIABILITIES AND DEFERRED REVENUE
Other liabilities and deferred revenue were as follows (in millions):
 December 31,
2025
June 30,
2026
Current
Dealer and dealers’ customer allowances and claims$15,293 $14,357 
Deferred revenue4,489 4,242 
Employee benefit plans3,507 2,510 
Accrued interest1,453 1,458 
Operating lease liabilities567 551 
OPEB (a)331 328 
Pension (a)228 227 
Other (b)5,911 5,911 
Total current other liabilities and deferred revenue$31,779 $29,584 
Non-current 
Dealer and dealers’ customer allowances and claims$12,136 $12,759 
Deferred revenue5,360 5,513 
OPEB (a)4,031 3,930 
Pension (a)3,701 3,508 
Operating lease liabilities1,835 1,778 
Employee benefit plans792 832 
Other (b)3,047 2,245 
Total non-current other liabilities and deferred revenue$30,902 $30,565 
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(a)Balances at June 30, 2026 reflect pension and OPEB liabilities at December 31, 2025, updated for: service and interest cost; expected return on assets; curtailments, settlements, and associated interim remeasurement (where applicable); separation expense; actual benefit payments; and cash contributions. For plans without interim remeasurement, the discount rate and rate of expected return assumptions are unchanged from year-end 2025. Included in Other assets are pension assets of $3.7 billion and $4.2 billion at December 31, 2025 and June 30, 2026, respectively.
(b)Includes current derivative liabilities of $0.5 billion at both December 31, 2025 and June 30, 2026. Includes non-current derivative liabilities of $0.5 billion at both December 31, 2025 and June 30, 2026 (see Note 13).