Equipment on Operating Leases

12 Months Ended

Dec. 31, 2011

Equipment on Operating Leases

Equipment on Operating Leases

NOTE 3 – EQUIPMENT ON OPERATING LEASES

Components of equipment on operating leases, less accumulated depreciation as of December 31, were as follows:

(Millions of dollars)	2011			2010			2009
Equipment on operating leases, at cost	$	4,082		$	4,241		$	4,562
Less: Accumulated depreciation		(1,471	)		(1,530	)		(1,575	)
Equipment on operating leases, net	$	2,611		$	2,711		$	2,987

At December 31, 2011, scheduled minimum rental payments for operating leases were as follows:

2012		2013		2014		2015		2016		Thereafter		Total
$	704	$	478	$	270	$	128	$	49	$	26	$	1,655