Guarantees and Product Warranty (Tables)

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

The maximum potential amount of future payments (undiscounted and without reduction for any amounts that may possibly be recovered under recourse or collateralized provisions) we could be required to make under the guarantees are as follows:



(Millions of dollars)	March 31, 2014		December 31, 2013
Caterpillar dealer guarantees	$	201	$	193
Customer guarantees	62		62
Customer guarantees – supplier consortium	365		364
Third party logistics business guarantees	145		151
Other guarantees	35		35
Total guarantees	$	808	$	805

Product warranty



(Millions of dollars)	2014
Warranty liability, January 1	$	1,367
Reduction in liability (payments)	(278		)
Increase in liability (new warranties)	288
Warranty liability, March 31	$	1,377



(Millions of dollars)	2013
Warranty liability, January 1	$	1,477
Reduction in liability (payments)	(938		)
Increase in liability (new warranties)	828
Warranty liability, December 31	$	1,367