XML 89 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Retail finance revenue                         $ 1,387 $ 1,342 $ 1,291  
Operating lease revenue                         948 860 870  
Total revenues 711 699 695 680 679 678 668 668 662 668 675 640 2,785 2,693 2,645  
Depreciation on equipment leased to others                         770 688 690  
Provision for credit losses                         101 163 177  
Total expenses                         2,056 2,097 2,133  
Other income (expense)                         (35) (12) (14)  
Profit before income taxes 204 164 141 185 116 160 135 173 111 122 151 114 694 584 498  
Provision for income taxes                         167 145 109  
Profit of consolidated companies                         527 439 389  
Profit 158 117 98 140 94 114 98 122 95 90 107 82 513 [1] 428 [1] 374 [1]  
Comprehensive income (loss)                         471 499 292  
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation                         454 488 280  
Retail notes receivable 10,858       10,990       8,801       10,858 10,990 8,801  
Finance leases and installment sale contracts - Retail 14,551       13,695       12,465       14,551 13,695 12,465  
Total finance receivables 30,042       29,566       26,059       30,042 29,566 26,059  
Less: Allowance for credit losses (387)       (429)       (371)       (387) (429) (371) (364)
Total net finance receivables 28,679       28,139       24,744       28,679 28,139 24,744  
Equipment on operating leases, less accumulated depreciation 3,544       2,970       2,618       3,544 2,970 2,618  
Deferred and refundable income taxes 166       115       159       166 115 159  
Other assets 1,060       1,071       1,083       1,060 1,071 1,083  
Total assets 35,114       34,735       30,107       35,114 34,735 30,107  
Payable to Caterpillar - other 80       73       59       80 73 59  
Long-term debt 18,737       19,098       16,532       18,737 19,098 16,532  
Deferred income taxes and other liabilities 512       548       596       512 548 596  
Total liabilities 31,123       31,015       26,636       31,123 31,015 26,636  
Retained earnings 3,004       2,691       2,513       3,004 2,691 2,513  
Total stockholder's equity 3,991       3,720       3,471       3,991 3,720 3,471 3,786
Total liabilities and stockholder's equity 35,114       34,735       30,107       35,114 34,735 30,107  
Depreciation and amortization                         790 707 710  
Other, net                         77 1 (61)  
Receivables from others                         25 (22) 16  
Other receivables/payables with Caterpillar                         1 11 (13)  
Accrued expenses and other liabilities, net                         (4) (18) (51)  
Net cash provided by operating activities                         1,096 1,034 968  
Capital expenditures for equipment on operating leases and other capital expenditures                         (1,822) (1,660) (1,190)  
Additions to finance receivables                         (14,075) (18,750) (17,053)  
Collections of finance receivables                         12,256 14,789 15,259  
Net cash provided by (used for) investing activities                         (2,531) (4,347) (2,799)  
As Previously Reported
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Retail finance revenue                         1,388 1,342    
Operating lease revenue                         945 860    
Total revenues                         2,783 2,693    
Depreciation on equipment leased to others                         768 688    
Provision for credit losses                         94 161 176  
Total expenses                         2,047 2,095 2,132  
Other income (expense)                         (18) (7) (9)  
Profit before income taxes                         718 591 504  
Provision for income taxes                         174 148 111  
Profit of consolidated companies                         544 443 393  
Profit                         530 432 378  
Comprehensive income (loss)                         488 503 296  
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation                         471 492 284  
Retail notes receivable 10,863       11,111       8,840       10,863 11,111 8,840  
Finance leases and installment sale contracts - Retail 14,582       13,589       12,436       14,582 13,589 12,436  
Total finance receivables 30,078       29,581       26,069       30,078 29,581 26,069  
Less: Allowance for credit losses (378)       (426)       (369)       (378) (426) (369)  
Total net finance receivables 28,724       28,157       24,756       28,724 28,157 24,756  
Equipment on operating leases, less accumulated depreciation 3,530       2,959       2,611       3,530 2,959 2,611  
Deferred and refundable income taxes 160       115               160 115    
Other assets 1,059       1,071               1,059 1,071    
Total assets 35,138       34,742       30,112       35,138 34,742 30,112  
Payable to Caterpillar - other 96       85       67       96 85 67  
Long-term debt 18,720       19,086       16,529       18,720 19,086 16,529  
Deferred income taxes and other liabilities 517       552       597       517 552 597  
Total liabilities 31,127       31,019       26,642       31,127 31,019 26,642  
Retained earnings 3,024       2,694       2,512       3,024 2,694 2,512  
Total stockholder's equity 4,011       3,723       3,470       4,011 3,723 3,470  
Total liabilities and stockholder's equity 35,138       34,742       30,112       35,138 34,742 30,112  
Depreciation and amortization                         788      
Other, net                         60 (4) (66)  
Receivables from others                         26      
Other receivables/payables with Caterpillar                         5 15 (8)  
Accrued expenses and other liabilities, net                         3 (15) (49)  
Net cash provided by operating activities                         1,099 1,038 973  
Capital expenditures for equipment on operating leases and other capital expenditures                         (1,806)      
Additions to finance receivables                         (14,095) (18,754) (17,058)  
Collections of finance receivables                         12,257      
Net cash provided by (used for) investing activities                         (2,534) (4,351) (2,804)  
Adjustment
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Retail finance revenue                         (1) 0    
Operating lease revenue                         3 0    
Total revenues                         2 0    
Depreciation on equipment leased to others                         2 0    
Provision for credit losses                         7 2 1  
Total expenses                         9 2 1  
Other income (expense)                         (17) (5) (5)  
Profit before income taxes                         (24) (7) (6)  
Provision for income taxes                         (7) (3) (2)  
Profit of consolidated companies                         (17) (4) (4)  
Profit                         (17) (4) (4)  
Comprehensive income (loss)                         (17) (4) (4)  
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation                         (17) (4) (4)  
Retail notes receivable (5)       (121)       (39)       (5) (121) (39)  
Finance leases and installment sale contracts - Retail (31)       106       29       (31) 106 29  
Total finance receivables (36)       (15)       (10)       (36) (15) (10)  
Less: Allowance for credit losses (9)       (3)       (2)       (9) (3) (2)  
Total net finance receivables (45)       (18)       (12)       (45) (18) (12)  
Equipment on operating leases, less accumulated depreciation 14       11       7       14 11 7  
Deferred and refundable income taxes 6       0               6 0    
Other assets 1       0               1 0    
Total assets (24)       (7)       (5)       (24) (7) (5)  
Payable to Caterpillar - other (16)       (12)       (8)       (16) (12) (8)  
Long-term debt 17       12       3       17 12 3  
Deferred income taxes and other liabilities (5)       (4)       (1)       (5) (4) (1)  
Total liabilities (4)       (4)       (6)       (4) (4) (6)  
Retained earnings (20)       (3)       1       (20) (3) 1  
Total stockholder's equity (20)       (3)       1       (20) (3) 1  
Total liabilities and stockholder's equity (24)       (7)       (5)       (24) (7) (5)  
Depreciation and amortization                         2      
Other, net                         17 5 5  
Receivables from others                         (1)      
Other receivables/payables with Caterpillar                         (4) (4) (5)  
Accrued expenses and other liabilities, net                         (7) (3) (2)  
Net cash provided by operating activities                         (3) (4) (5)  
Capital expenditures for equipment on operating leases and other capital expenditures                         (16)      
Additions to finance receivables                         20 4 5  
Collections of finance receivables                         (1)      
Net cash provided by (used for) investing activities                         3 4 5  
As Revised
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Retail finance revenue                         1,387 1,342    
Operating lease revenue                         948 860    
Total revenues                         2,785 2,693    
Depreciation on equipment leased to others                         770 688    
Provision for credit losses                         101 163 177  
Total expenses                         2,056 2,097 2,133  
Other income (expense)                         (35) (12) (14)  
Profit before income taxes                         694 584 498  
Provision for income taxes                         167 145 109  
Profit of consolidated companies                         527 439 389  
Profit                         513 428 374  
Comprehensive income (loss)                         471 499 292  
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation                         454 488 280  
Retail notes receivable 10,858       10,990       8,801       10,858 10,990 8,801  
Finance leases and installment sale contracts - Retail 14,551       13,695       12,465       14,551 13,695 12,465  
Total finance receivables 30,042       29,566       26,059       30,042 29,566 26,059  
Less: Allowance for credit losses (387)       (429)       (371)       (387) (429) (371)  
Total net finance receivables 28,679       28,139       24,744       28,679 28,139 24,744  
Equipment on operating leases, less accumulated depreciation 3,544       2,970       2,618       3,544 2,970 2,618  
Deferred and refundable income taxes 166       115               166 115    
Other assets 1,060       1,071               1,060 1,071    
Total assets 35,114       34,735       30,107       35,114 34,735 30,107  
Payable to Caterpillar - other 80       73       59       80 73 59  
Long-term debt 18,737       19,098       16,532       18,737 19,098 16,532  
Deferred income taxes and other liabilities 512       548       596       512 548 596  
Total liabilities 31,123       31,015       26,636       31,123 31,015 26,636  
Retained earnings 3,004       2,691       2,513       3,004 2,691 2,513  
Total stockholder's equity 3,991       3,720       3,471       3,991 3,720 3,471  
Total liabilities and stockholder's equity 35,114       34,735       30,107       35,114 34,735 30,107  
Depreciation and amortization                         790      
Other, net                         77 1 (61)  
Receivables from others                         25      
Other receivables/payables with Caterpillar                         1 11 (13)  
Accrued expenses and other liabilities, net                         (4) (18) (51)  
Net cash provided by operating activities                         1,096 1,034 968  
Capital expenditures for equipment on operating leases and other capital expenditures                         (1,822)      
Additions to finance receivables                         (14,075) (18,750) (17,053)  
Collections of finance receivables                         12,256      
Net cash provided by (used for) investing activities                         (2,531) (4,347) (2,799)  
Retained earnings
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Profit of consolidated companies                         513 428 374  
Total stockholder's equity 3,004       2,691       2,513       3,004 2,691 2,513 2,739
Retained earnings | As Previously Reported
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Profit                 378       530 432    
Total stockholder's equity 3,024       2,694       2,512       3,024 2,694 2,512  
Retained earnings | Adjustment
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Profit                 (4)       (17) (4)    
Total stockholder's equity (20)       (3)       1       (20) (3) 1  
Retained earnings | As Revised
                                
Quantifying Misstatement in Current Year Financial Statements [Line Items]                                
Profit                 374       513 428    
Total stockholder's equity $ 3,004       $ 2,691       $ 2,513       $ 3,004 $ 2,691 $ 2,513  
[1] Profit attributable to Caterpillar Financial Services Corporation.