Equipment on Operating Leases

12 Months Ended

Dec. 31, 2011

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

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

+ References+ Details