Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair values of financial instruments

Fair values of our financial instruments not carried at fair value as of December 31, were as follows:

(Millions of dollars)	2021				2020
	Carrying  Amount		Fair  Value		Carrying  Amount		Fair  Value		Fair Value Levels	Reference
Assets
Finance receivables, net (excluding finance leases(1))	$	19,068	$	19,047	$	18,599	$	18,910	3	Note 2
Liabilities
Long-term debt	$	22,594	$	22,797	$	23,979	$	24,614	2	Note 8

(1) Represents finance leases and failed sale leasebacks of $8.11 billion and $7.98 billion as of December 31, 2021 and 2020, respectively.