XML 44 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
RECEIVABLES (Tables)
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Summary of Financing Receivables
A summary of financing receivables as of June 30, 2024 and December 31, 2023 is as follows (in millions of dollars):
June 30, 2024December 31, 2023
Retail$13,763 $13,868 
Wholesale10,071 10,334 
Other34 47 
Total$23,868 $24,249 
Summary of Carrying Amount of Restricted Assets At June 30, 2024 and December 31, 2023, the carrying amount of such restricted assets included in financing receivables are the following (in millions of dollars):
June 30, 2024December 31, 2023
Retail$8,289 $7,707 
Wholesale6,600 6,381 
Total$14,889 $14,088 
Summary of Allowance for Credit Loss Activity
Allowance for credit losses for the three and six months ended June 30, 2024 and 2023 is as follows (in millions of dollars):
Three Months Ended June 30, 2024Six Months Ended June 30, 2024
RetailWholesaleRetailWholesale
Opening Balance$330 $50 $310 $53 
Provision52 3 90 2 
Charge-offs(42)— (53)(1)
Recoveries2 — 1 — 
Foreign currency translation and other(20)(2)(26)(3)
Ending Balance$322 $51 $322 $51 
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
RetailWholesaleRetailWholesale
Opening Balance$264 $63 $270 $64 
Provision19 (3)36 (3)
Charge-offs(10)— (21)— 
Recoveries1 — 1 — 
Foreign currency translation and other6 — (6)(1)
Ending Balance$280 $60 $280 $60 
Summary of Aging of Financing Receivables And Charge Offs
The aging of financing receivables and charge offs by vintage as of June 30, 2024 is as follows (in millions of dollars):
31-60 Days
Past Due		61-90 Days
Past Due		Total Past
Due		CurrentTotal
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2024$2,307 $2 $2,309 $2 
20232,948 5 2,953 3 
20221,773 4 1,777 3 
20211,045 2 1,047 3 
2020400 1 401 1 
Prior to 2020151 1 152 2 
Total55 10 65 8,559 8,624 15 8,639 14 
South America
2024762 1 763 2 
20231,540 21 1,561 20 
2022692 30 722 10 
2021393 11 404 3 
2020182 3 185 2 
Prior to 2020103 1 104 1 
Total241 1 242 3,430 3,672 67 3,739 38 
Asia Pacific
2024298 — 298 — 
2023468 — 468 — 
2022346 — 346 1 
2021178 1 179 — 
202064 — 64 — 
Prior to 202012 — 12 — 
Total5 4 9 1,357 1,366 1 1,367 1 
Europe, Middle East, Africa— — — 11 11 7 18 — 
Total Retail$301 $15 $316 $13,357 $13,673 $90 $13,763 $53 
Wholesale
North America$— $— $— $5,733 $5,733 $28 $5,761 $— 
South America— — — 894 894 1 895 — 
Asia Pacific2 — 2 880 882 — 882 1 
Europe, Middle East, Africa10 3 13 2,517 2,530 3 2,533 — 
Total Wholesale$12 $3 $15 $10,024 $10,039 $32 $10,071 $1 
The aging of financing receivables and charge offs by vintage as of December 31, 2023 is as follows (in millions of dollars):
31-60 Days
Past Due		61-90 Days
Past Due		Total Past
Due		CurrentTotal
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2023$3,976 $4 $3,980 $1 
20222,133 4 2,137 10 
20211,323 3 1,326 4 
2020561 2 563 3 
2019208 1 209 3 
Prior to 201966 1 67 3 
Total44 3 47 8,220 8,267 15 8,282 24 
South America
20231,986 9 1,995 — 
2022955 32 987 — 
2021573 13 586 2 
2020294 4 298 7 
2019123 2 125 1 
Prior to 2019107 1 108 1 
Total22 — 22 4,016 4,038 61 4,099 11 
Asia Pacific
2023609 — 609 — 
2022453 1 454 1 
2021255 1 256 1 
2020115 1 116 2 
201931 1 32 2 
Prior to 20193 — 3 1 
Total5 6 11 1,455 1,466 4 1,470 7 
Europe, Middle East, Africa— — — 6 6 11 17 — 
Total Retail$71 $9 $80 $13,697 $13,777 $91 $13,868 $42 
Wholesale
North America$— $— $— $5,154 $5,154 $— $5,154 $— 
South America— — — 1,404 1,404 2 1,406 4 
Asia Pacific4 2 6 870 876 — 876 1 
Europe, Middle East, Africa5 — 5 2,893 2,898 — 2,898 — 
Total Wholesale$9 $2 $11 $10,321 $10,332 $2 $10,334 $5