Equipment on Operating Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Carrying amount of Equipment on operating leases, net

The carrying amount of Equipment on operating leases, net in the Consolidated Statements of Financial Position as of December 31, was as follows: 

(Millions of dollars)
	2021		2020
Equipment on operating leases, at cost	$	4,589	$	4,984
Less: Accumulated depreciation	(1,466)		(1,618)
Equipment on operating leases, net	$	3,123	$	3,366

Schedule of payments due for operating leases

At December 31, 2021, payments due for operating leases were as follows: 

(Millions of dollars)
2022		2023		2024		2025		2026		Thereafter		Total
$	686	$	431	$	245	$	129	$	46	$	7	$	1,544