XML 53 R21.htm IDEA: XBRL DOCUMENT v3.20.1
New Accounting Pronouncements (Tables)
 3 Months Ended
Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of cumulative effect of initially applying the new credit loss guidance
The cumulative effect of initially applying the new credit loss guidance to our consolidated financial statements on January 1, 2020 was as follows:
Consolidated Statement of Financial Position
(Millions of dollars)
Balance as of
December 31, 2019
 
Cumulative Impact
from Adopting New
Credit Loss Standard
 
Balance as of
January 1, 2020
Assets:
 
 
 
 
 
Finance receivables, net
$
27,832

 
$
42

 
$
27,874

Other assets
$
1,292

 
$
(53
)
 
$
1,239

 
 
 
 
 

Liabilities:
 
 
 
 

Other liabilities
$
893

 
$
2

 
$
895

 
 
 
 
 

Shareholder's equity
 
 
 
 

Retained earnings
$
3,162

 
$
(13
)
 
$
3,149