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Consolidated Statements of Profit - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Retail finance $ 306 $ 346 $ 942 $ 1,031
Operating lease 214 262 718 777
Wholesale finance 75 125 258 375
Other, net 3 15 16 58
Total revenues 598 748 1,934 2,241
Expenses:        
Interest 137 198 462 599
Depreciation on equipment leased to others 169 205 564 611
General, operating and administrative 108 128 320 378
Provision for credit losses 70 20 217 144
Other 8 9 33 28
Total expenses 492 560 1,596 1,760
Other income (expense) (10) (4) (26) (14)
Profit before income taxes 96 184 312 467
Provision for income taxes 44 49 102 144
Profit of consolidated companies 52 135 210 323
Less: Profit attributable to noncontrolling interests 4 6 13 17
Profit [1] $ 48 $ 129 $ 197 $ 306
[1] Profit attributable to Caterpillar Financial Services Corporation.