Guarantees and Product Warranty (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017		December 31, 2016
Caterpillar dealer performance guarantees	$	1,436	$	1,384
Customer loan guarantees	42		51
Supplier consortium performance guarantee	282		278
Third party logistics business lease guarantees	82		87
Other guarantees	77		56
Total guarantees	$	1,919	$	1,856

Product warranty



(Millions of dollars)	2017
Warranty liability, January 1	$	1,258
Reduction in liability (payments)	(206		)
Increase in liability (new warranties)	220
Warranty liability, March 31	$	1,272



(Millions of dollars)	2016
Warranty liability, January 1	$	1,354
Reduction in liability (payments)	(909		)
Increase in liability (new warranties)	813
Warranty liability, December 31	$	1,258