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Consolidated Statements of Profit - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Retail finance $ 307 $ 350 $ 636 $ 685
Operating lease 247 257 504 515
Wholesale finance 84 131 183 250
Other, net 3 19 13 43
Total revenues 641 757 1,336 1,493
Expenses:        
Interest 150 200 325 401
Depreciation on equipment leased to others 194 204 395 406
General, operating and administrative 104 126 212 250
Provision for credit losses 86 71 147 124
Other 12 9 25 19
Total expenses 546 610 1,104 1,200
Other income (expense) (6) (6) (16) (10)
Profit before income taxes 89 141 216 283
Provision for income taxes 25 57 58 95
Profit of consolidated companies 64 84 158 188
Less: Profit attributable to noncontrolling interests 5 5 9 11
Profit [1] $ 59 $ 79 $ 149 $ 177
[1] Profit attributable to Caterpillar Financial Services Corporation.