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Cat Financial Financing Activities (Tables)
 3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Allowance for credit losses
An analysis of the allowance for credit losses was as follows:

 
 
 
 
 
 
 (Millions of dollars)
March 31, 2019
Allowance for Credit Losses:
Customer
 
Dealer
 
Total
Balance at beginning of year
$
486

 
$
21

 
$
507

Receivables written off
(38
)
 
—

 
(38
)
Recoveries on receivables previously written off
8

 
—

 
8

Provision for credit losses
39

 
13

 
52

Balance at end of period
$
495

 
$
34

 
$
529

 
 

 
 

 
 

Individually evaluated for impairment
$
302

 
$
27

 
$
329

Collectively evaluated for impairment
193

 
7

 
200

Ending Balance
$
495

 
$
34

 
$
529

 
 
 
 
 
 
Recorded Investment in Finance Receivables:
 

 
 

 
 

Individually evaluated for impairment
$
813

 
$
78

 
$
891

Collectively evaluated for impairment
17,881

 
3,347

 
21,228

Ending Balance
$
18,694

 
$
3,425

 
$
22,119

 
 
 
 
 
 

 
 
 
 
 
 
 (Millions of dollars)
December 31, 2018
Allowance for Credit Losses:
Customer
 
Dealer
 
Total
Balance at beginning of year
$
353

 
$
9

 
$
362

Receivables written off
(235
)
 
—

 
(235
)
Recoveries on receivables previously written off
46

 
—

 
46

Provision for credit losses
337

 
12

 
349

Other
(15
)
 
—

 
(15
)
Balance at end of year
$
486

 
$
21

 
$
507

 
 
 
 
 
 
Individually evaluated for impairment
$
288

 
$
14

 
$
302

Collectively evaluated for impairment
198

 
7

 
205

Ending Balance
$
486

 
$
21

 
$
507

 
 
 
 
 
 
Recorded Investment in Finance Receivables:
 

 
 

 
 

Individually evaluated for impairment
$
858

 
$
78

 
$
936

Collectively evaluated for impairment
18,152

 
3,338

 
21,490

Ending Balance
$
19,010

 
$
3,416

 
$
22,426

 
 
 
 
 
 
Aging related to finance receivables
The tables below summarize the recorded investment in finance receivables by aging category.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2019
 (Millions of dollars)
31-60
Days
Past Due
 
61-90
Days
Past Due
 
91+
Days
Past Due
 
Total Past
Due
 
Current
 
Recorded Investment in Finance
Receivables
 
91+ Still
Accruing
Customer
 

 
 

 
 

 
 

 
 

 
 

 
 

North America
$
89

 
$
18

 
$
44

 
$
151

 
$
7,786

 
$
7,937

 
$
10

Europe
31

 
17

 
158

 
206

 
2,794

 
3,000

 
7

Asia Pacific
28

 
13

 
12

 
53

 
2,450

 
2,503

 
8

Mining
—

 
—

 
20

 
20

 
1,663

 
1,683

 
10

Latin America
48

 
42

 
73

 
163

 
1,385

 
1,548

 
—

Caterpillar Power Finance
14

 
8

 
365

 
387

 
1,636

 
2,023

 
2

Dealer
 

 
 

 
 

 
 
 
 
 
 
 
 

North America
—

 
—

 
—

 
—

 
1,911

 
1,911

 
—

Europe
—

 
—

 
—

 
—

 
332

 
332

 
—

Asia Pacific
—

 
—

 
—

 
—

 
466

 
466

 
—

Mining
—

 
—

 
—

 
—

 
3

 
3

 
—

Latin America
1

 
1

 
78

 
80

 
631

 
711

 
—

Caterpillar Power Finance
—

 
—

 
—

 
—

 
2

 
2

 
—

Total
$
211

 
$
99

 
$
750

 
$
1,060

 
$
21,059

 
$
22,119

 
$
37

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 (Millions of dollars)
31-60
Days
Past Due
 
61-90
Days
Past Due
 
91+
Days
Past Due
 
Total Past
Due
 
Current
 
Recorded Investment in Finance
Receivables
 
91+ Still
Accruing
Customer
 

 
 

 
 

 
 

 
 

 
 

 
 

North America
$
65

 
$
18

 
$
84

 
$
167

 
$
7,825

 
$
7,992

 
$
14

Europe
19

 
9

 
153

 
181

 
2,850

 
3,031

 
5

Asia Pacific
24

 
9

 
8

 
41

 
2,409

 
2,450

 
5

Mining
28

 
1

 
9

 
38

 
1,642

 
1,680

 
—

Latin America
38

 
29

 
71

 
138

 
1,421

 
1,559

 
—

Caterpillar Power Finance
10

 
1

 
384

 
395

 
1,903

 
2,298

 
—

Dealer
 

 
 

 
 

 
 

 
 

 
 

 
 

North America
—

 
—

 
—

 
—

 
1,895

 
1,895

 
—

Europe
—

 
—

 
—

 
—

 
333

 
333

 
—

Asia Pacific
—

 
—

 
—

 
—

 
466

 
466

 
—

Mining
—

 
—

 
—

 
—

 
4

 
4

 
—

Latin America
—

 
—

 
78

 
78

 
638

 
716

 
—

Caterpillar Power Finance
—

 
—

 
—

 
—

 
2

 
2

 
—

Total
$
184

 
$
67

 
$
787

 
$
1,038

 
$
21,388

 
$
22,426

 
$
24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired finance receivables
Cat Financial’s recorded investment in impaired finance receivables and the related unpaid principal balances and allowance for the Customer portfolio segment were as follows: 
 
 
March 31, 2019
 
December 31, 2018
(Millions of dollars)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
Impaired Finance Receivables With No Allowance Recorded
 

 
 

 
 

 
 

 
 

 
 

North America
$
9

 
$
9

 
$
—

 
$
10

 
$
10

 
$
—

Europe
1

 
1

 
—

 
1

 
1

 
—

Asia Pacific
—

 
—

 
—

 
—

 
—

 
—

Mining
29

 
29

 
—

 
33

 
33

 
—

Latin America
20

 
20

 
—

 
29

 
29

 
—

Caterpillar Power Finance
48

 
48

 
—

 
69

 
83

 
—

Total
$
107

 
$
107

 
$
—

 
$
142

 
$
156

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Impaired Finance Receivables With An Allowance Recorded
 

 
 

 
 

 
 

 
 

 
 

North America
$
41

 
$
38

 
$
16

 
$
40

 
$
41

 
$
14

Europe
93

 
93

 
57

 
92

 
92

 
57

Asia Pacific
9

 
9

 
3

 
4

 
4

 
2

Mining
32

 
31

 
14

 
56

 
55

 
26

Latin America
76

 
76

 
27

 
75

 
75

 
25

Caterpillar Power Finance
455

 
468

 
185

 
449

 
455

 
164

Total
$
706

 
$
715

 
$
302

 
$
716

 
$
722

 
$
288

 
 
 
 
 
 
 
 
 
 
 
 
Total Impaired Finance Receivables
 

 
 

 
 

 
 

 
 

 
 

North America
$
50

 
$
47

 
$
16

 
$
50

 
$
51


$
14

Europe
94

 
94

 
57

 
93

 
93


57

Asia Pacific
9

 
9

 
3

 
4

 
4


2

Mining
61

 
60

 
14

 
89

 
88

 
26

Latin America
96

 
96

 
27

 
104

 
104


25

Caterpillar Power Finance
503

 
516

 
185

 
518

 
538


164

Total
$
813

 
$
822

 
$
302

 
$
858

 
$
878

 
$
288

 
 
 
 
 
 
 
 
 
 
 
 

 
Three Months Ended March 31, 2019
 
Three Months Ended March 31, 2018
(Millions of dollars)
Average Recorded
Investment
 
Interest Income
Recognized
 
Average Recorded
Investment
 
Interest Income
Recognized
Impaired Finance Receivables With No Allowance Recorded
 

 
 

 
 

 
 

North America
$
10

 
$
—

 
$
17

 
$
—

Europe
1

 
—

 
36

 
—

Asia Pacific
—

 
—

 
31

 
1

Mining
31

 
—

 
103

 
1

Latin America
24

 
—

 
45

 
1

Caterpillar Power Finance
60

 
1

 
172

 
2

Total
$
126

 
$
1

 
$
404

 
$
5

 
 
 
 
 
 
 
 
Impaired Finance Receivables With An Allowance Recorded
 

 
 

 
 

 
 

North America
$
40

 
$
1

 
$
51

 
$
1

Europe
94

 
1

 
19

 
—

Asia Pacific
7

 
—

 
6

 
—

Mining
43

 
1

 
17

 
—

Latin America
77

 
1

 
87

 
1

Caterpillar Power Finance
451

 
3

 
360

 
1

Total
$
712

 
$
7

 
$
540

 
$
3

 
 
 
 
 
 
 
 
Total Impaired Finance Receivables
 

 
 

 
 

 
 

North America
$
50

 
$
1

 
$
68

 
$
1

Europe
95

 
1

 
55

 
—

Asia Pacific
7

 
—

 
37

 
1

Mining
74

 
1

 
120

 
1

Latin America
101

 
1

 
132

 
2

Caterpillar Power Finance
511

 
4

 
532

 
3

Total
$
838

 
$
8

 
$
944

 
$
8

 
 
 
 
 
 
 
 
 
Investment in finance receivables on non-accrual status
The recorded investment in customer finance receivables on non-accrual status was as follows:

 
 
 
 
 (Millions of dollars)
March 31, 2019
 
December 31, 2018
North America
$
73

 
$
77

Europe
171

 
154

Asia Pacific
6

 
4

Mining
18

 
50

Latin America
118

 
106

Caterpillar Power Finance
442

 
416

Total
$
828

 
$
807

 
 
 
 
Finance receivables modified as TDRs
Cat Financial's investment in finance receivables in the Customer portfolio segment modified as TDRs during the three months ended March 31, 2019 and 2018, were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
Three Months Ended March 31, 2018
  (Millions of dollars)
 
Number 
of
Contracts
 
Pre-TDR
Recorded
Investment
 
Post-TDR
Recorded
Investment
 
Number
of
Contracts
 
Pre-TDR
Recorded
Investment
 
Post-TDR
Recorded
Investment
North America
 
—
 
$
—

 
$
—

 
13
 
$
6

 
$
6

Europe
 
19
 
11

 
7

 
—
 
—

 
—

Mining
 
—
 
—

 
—

 
1
 
29

 
29

Latin America
 
—
 
—

 
—

 
1
 
3

 
3

Caterpillar Power Finance
 
8
 
51

 
50

 
3
 
3

 
3

Total
 
27
 
$
62

 
$
57

 
18
 
$
41

 
$
41