Balance Sheet

Assets of the TRATON GROUP as of December 31, 2025, and December 31, 2024


€ million	Note	TRATON GROUP
€ million	Note	12/31/2025	12/31/2024
Noncurrent assets
Goodwill	[8]	5,967	6,154
Intangible assets	[9]	7,664	7,389
Property, plant, and equipment	[10]	10,111	9,646
Assets leased out	[11]	5,316	5,168
Equity-method investments	[12]	1,770	1,641
Other equity investments	[13]	83	139
Noncurrent income tax receivables		156	130
Deferred tax assets	[6]	2,552	2,604
Noncurrent financial services receivables	[14]	10,571	9,090
Other noncurrent financial assets	[15]	594	516
Other noncurrent receivables	[16]	234	266
		45,019	42,744
Current assets
Inventories	[17]	7,016	7,532
Trade receivables	[18]	3,126	3,096
Current income tax receivables		417	293
Current financial services receivables	[14]	7,335	6,894
Other current financial assets	[15]	891	825
Other current receivables	[16]	1,570	1,576
Marketable securities and investment deposits		22	46
Cash and cash equivalents	[19]	2,805	2,542
		23,183	22,804
Total assets		68,202	65,547

Equity and liabilities of the TRATON GROUP as of December 31, 2025, and December 31, 2024


€ million	Note	TRATON GROUP
€ million	Note	12/31/2025	12/31/2024
Equity	[20]
Subscribed capital		500	500
Capital reserves		12,195	12,495
Retained earnings		9,054	8,135
Accumulated other comprehensive income		–3,115	–3,293
Equity attributable to shareholders of TRATON SE		18,633	17,838
Noncontrolling interests		3	6
		18,636	17,844
Noncurrent liabilities
Noncurrent financial liabilities	[21]	17,103	15,759
Provisions for pensions and other post-employment benefits	[24]	1,644	1,909
Deferred tax liabilities	[6]	512	672
Noncurrent income tax provisions		139	136
Other noncurrent provisions	[25]	1,761	1,727
Other noncurrent financial liabilities	[22]	1,584	1,970
Other noncurrent liabilities	[23]	2,167	2,271
		24,910	24,444
Current liabilities
Current financial liabilities	[21]	10,288	8,517
Trade payables		5,474	5,349
Current income tax payables		192	304
Current income tax provisions		20	107
Other current provisions	[25]	2,228	2,108
Other current financial liabilities	[22]	1,868	2,121
Other current liabilities	[23]	4,585	4,753
		24,655	23,260
Total equity and liabilities		68,202	65,547