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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of the effect of prior period errors in the consolidated financial statements
Revised Consolidated Statements of Profit Amounts
(Millions of dollars)
As
Previously
Reported
Adjustment
As Revised
 
As
Previously
Reported
Adjustment
As Revised
 
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
Operating lease revenue
$
238

$
1

$
239

 
$
687

$
2

$
689

Total revenues
698

1

699

 
2,072

2

2,074

Depreciation on equipment leased to others
198

1

199

 
556

2

558

Provision for credit losses
39

1

40

 
86

5

91

Total expenses
528

2

530

 
1,532

7

1,539

Other income (expense)
(5
)

(5
)
 
(30
)
(15
)
(45
)
Profit before income taxes
165

(1
)
164

 
510

(20
)
490

Provision for income taxes
44


44

 
131

(5
)
126

Profit of consolidated companies
121

(1
)
120

 
379

(15
)
364

Profit
$
118

$
(1
)
$
117

 
$
370

$
(15
)
$
355

 
 
 
 
 
 
 
 

Revised Consolidated Statements of Comprehensive Income Amounts
(Millions of dollars)
As
Previously
Reported
Adjustment
As Revised
 
As
Previously
Reported
Adjustment
As Revised
 
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
Profit of consolidated companies
$
121

$
(1
)
$
120

 
$
379

$
(15
)
$
364

Comprehensive income (loss)
238

(1
)
237

 
335

(15
)
320

Comprehensive income (loss) attributable
to Caterpillar Financial Services
Corporation
$
234

$
(1
)
$
233

 
$
323

$
(15
)
$
308

 
 
 
 
 
 
 
 

Revised Consolidated Statements of Financial Position Amounts
(Millions of dollars)
As
Previously
Reported
Adjustment
As Revised
 
As
Previously
Reported
Adjustment
As Revised
 
December 31, 2013
 
September 30, 2013
Retail notes receivable
$
10,863

$
(5
)
$
10,858

 
$
11,105

$
(4
)
$
11,101

Finance leases and installment sale contracts -
Retail
14,582

(31
)
14,551

 
14,408

(27
)
14,381

Total finance receivables
30,078

(36
)
30,042

 
29,845

(31
)
29,814

Less: Allowance for credit losses
(378
)
(9
)
(387
)
 
(404
)
(8
)
(412
)
Total net finance receivables
28,724

(45
)
28,679

 
28,470

(39
)
28,431

Equipment on operating leases, less
accumulated depreciation
3,530

14

3,544

 
3,279

16

3,295

Deferred and refundable income taxes
160

6

166

 
161

5

166

Other assets
1,059

1

1,060

 
1,024

1

1,025

Total assets
$
35,138

$
(24
)
$
35,114

 
$
35,308

$
(17
)
$
35,291

Payable to Caterpillar - other
$
96

$
(16
)
$
80

 
$
73

$
(10
)
$
63

Long-term debt
18,720

17

18,737

 
18,064

15

18,079

Deferred income taxes and other liabilities
517

(5
)
512

 
521

(4
)
517

Total liabilities
31,127

(4
)
31,123

 
31,350

1

31,351

Retained earnings
3,024

(20
)
3,004

 
2,964

(18
)
2,946

Total stockholder's equity
4,011

(20
)
3,991

 
3,958

(18
)
3,940

Total liabilities and stockholder's equity
$
35,138

$
(24
)
$
35,114

 
$
35,308

$
(17
)
$
35,291

 
 
 
 
 
 
 
 
Revised Consolidated Statements of Changes in Stockholder's Equity Amounts
(Millions of dollars)
 
 
 
 
As
Previously
Reported
Adjustment
As Revised
 
September 30, 2013
Profit
$
370

$
(15
)
$
355

Retained Earnings - Balance
at September 30, 2013
$
2,964

$
(18
)
$
2,946

 
 
 
 

Revised Consolidated Statements of Cash Flows Amounts
(Millions of dollars)
As
Previously
Reported
Adjustment
As Revised
 
Nine Months Ended September 30, 2013
Profit of consolidated companies
$
379

$
(15
)
$
364

Depreciation and amortization
570

2

572

Provision for credit losses
86

5

91

Other, net
57

15

72

Receivables from others
10

(2
)
8

Other receivables/payables with Caterpillar
2

2

4

Accrued expenses and other liabilities, net
(22
)
(5
)
(27
)
Net cash provided by operating activities
713

2

715

Expenditures for equipment on operating
leases and for non-leased equipment
(1,244
)
(16
)
(1,260
)
Additions to finance receivables
(10,400
)
14

(10,386
)
Net cash provided by (used for) investing activities
$
(1,587
)
$
(2
)
$
(1,589
)
 
 
 
 

The Notes to the Consolidated Financial Statements have been revised to reflect the above revisions for all periods presented.