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Finance Receivables (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Summary of finance receivables included in the Consolidated Statements of Financial Position
A summary of finance receivables included in the Consolidated Statements of Financial Position was as follows:
(Millions of dollars)March 31,
2022		December 31,
2021
Retail loans, net(1)
$15,050 $14,817 
Retail leases, net7,625 7,818 
Caterpillar purchased receivables, net4,647 4,462 
Wholesale loans, net(1)
380 406 
Wholesale leases, net10 11 
Total finance receivables27,712 27,514 
Less: Allowance for credit losses(357)(337)
Total finance receivables, net$27,355 $27,177 
(1) Includes failed sale leasebacks.
Allowance for credit losses and total finance receivables
An analysis of the allowance for credit losses was as follows:
(Millions of dollars)Three Months Ended March 31, 2022Three Months Ended March 31, 2021
Allowance for Credit Losses:CustomerDealerCaterpillar
Purchased
Receivables		TotalCustomerDealerCaterpillar
Purchased
Receivables		Total
Beginning Balance$251 $82 $4 $337 $431 $44 $4 $479 
Write-offs(20)— — (20)(34)— — (34)
Recoveries12 — — 12 10 — — 10 
Provision for credit
losses(1)
26 (1)1 26 (10)— — (10)
Other2 — — 2 (4)— — (4)
Ending Balance$271 $81 $5 $357 $393 $44 $4 $441 
Finance Receivables$20,953 $2,112 $4,647 $27,712 $19,798 $3,078 $4,065 $26,941 
(1) The three months ended March 31, 2022 included a higher reserve for the Russia and Ukraine portfolios.
Amortized cost of finance receivables in the Customer portfolio segment by origination year
The tables below summarize the aging category of our amortized cost of finance receivables in the Customer portfolio segment by origination year.
(Millions of dollars)March 31, 2022
20222021202020192018PriorRevolving
Finance
Receivables		Total
Finance
Receivables
North America
Current$1,204 $4,442 $2,323 $1,213 $503 $154 $188 $10,027 
31-60 days past due5 29 22 15 7 3 6 87 
61-90 days past due— 8 4 4 2 1 2 21 
91+ days past due— 10 13 10 11 8 5 57 
EAME
Current307 1,369 739 496 295 136 — 3,342 
31-60 days past due1 12 6 5 1 — — 25 
61-90 days past due— 4 4 1 1 1 — 11 
91+ days past due— 4 11 3 2 2 — 22 
Asia/Pacific
Current369 1,313 786 317 91 30 38 2,944 
31-60 days past due1 14 19 9 1 — — 44 
61-90 days past due— 4 8 5 1 — — 18 
91+ days past due— 7 10 11 2 — — 30 
Mining
Current197 858 321 303 168 167 48 2,062 
31-60 days past due— — — — — — — — 
61-90 days past due— — — — — — — — 
91+ days past due— 1 1 8 12 8 — 30 
Latin America
Current204 607 270 137 45 29 — 1,292 
31-60 days past due— 6 7 5 16 — — 34 
61-90 days past due— 5 1 1 1 — — 8 
91+ days past due— 9 14 9 5 18 — 55 
Caterpillar Power Finance
Current12 108 151 113 65 236 115 800 
31-60 days past due2 — — — — — — 2 
61-90 days past due— — — — — — — — 
91+ days past due— — — — — 42 — 42 
Totals by Aging Category
Current2,293 8,697 4,590 2,579 1,167 752 389 20,467 
31-60 days past due9 61 54 34 25 3 6 192 
61-90 days past due— 21 17 11 5 2 2 58 
91+ days past due— 31 49 41 32 78 5 236 
Total$2,302 $8,810 $4,710 $2,665 $1,229 $835 $402 $20,953 
(Millions of dollars)December 31, 2021
20212020201920182017PriorRevolving
Finance
Receivables		Total
Finance
Receivables
North America
Current$4,792 $2,596 $1,426 $630 $182 $32 $182 $9,840 
31-60 days past due27 32 20 12 4 1 5 101 
61-90 days past due7 8 5 3 1 1 5 30 
91+ days past due9 17 12 13 5 4 5 65 
EAME
Current1,499 836 577 352 140 26 — 3,430 
31-60 days past due5 4 3 1 1 — — 14 
61-90 days past due3 3 3 1 — — — 10 
91+ days past due3 11 2 2 — 2 — 20 
Asia/Pacific
Current1,456 943 420 119 40 3 36 3,017 
31-60 days past due10 14 10 2 — — — 36 
61-90 days past due3 7 4 1 — — — 15 
91+ days past due2 10 10 3 — — — 25 
Mining
Current944 356 332 194 36 161 36 2,059 
31-60 days past due6 — — — — — — 6 
61-90 days past due1 — — — 4 — — 5 
91+ days past due— 1 8 9 3 1 — 22 
Latin America
Current617 299 160 70 17 18 — 1,181 
31-60 days past due4 7 3 3 1 — — 18 
61-90 days past due3 3 1 1 — — — 8 
91+ days past due4 9 9 7 7 14 — 50 
Caterpillar Power Finance
Current120 152 119 70 180 104 101 846 
31-60 days past due— — — — — — — — 
61-90 days past due— — — — — — — — 
91+ days past due— — — — — 44 — 44 
Totals by Aging Category
Current9,428 5,182 3,034 1,435 595 344 355 20,373 
31-60 days past due52 57 36 18 6 1 5 175 
61-90 days past due17 21 13 6 5 1 5 68 
91+ days past due18 48 41 34 15 65 5 226 
Total$9,515 $5,308 $3,124 $1,493 $621 $411 $370 $20,842 
Aging related to finance receivables
The tables below summarize the aging category of our amortized cost of finance receivables in the Caterpillar Purchased Receivables portfolio segment.
(Millions of dollars)      
 March 31, 2022
 31-60
Days
Past Due		61-90
Days
Past Due		91+
Days
Past Due		Total
Past Due		Current
Total Finance
Receivables
North America$5 $12 $5 $22 $2,481 $2,503 
EAME2 — 1 3 714 717 
Asia/Pacific1 — — 1 885 886 
Mining— — — — — — 
Latin America3 1 — 4 532 536 
Caterpillar Power Finance1 — — 1 4 5 
Total$12 $13 $6 $31 $4,616 $4,647 

(Millions of dollars)      
 December 31, 2021
 31-60
Days
Past Due		61-90
Days
Past Due		91+
Days
Past Due		Total
Past Due		Current
Total Finance
Receivables
North America$8 $6 $5 $19 $2,499 $2,518 
EAME1 — 1 2 844 846 
Asia/Pacific— — 1 1 620 621 
Mining— — — — — — 
Latin America1 1 — 2 472 474 
Caterpillar Power Finance— — — — 3 3 
Total$10 $7 $7 $24 $4,438 $4,462 
Finance receivables on non-accrual status
In our Customer portfolio segment, finance receivables which were on non-accrual status and finance receivables over 90 days past due and still accruing income were as follows:
(Millions of dollars)March 31, 2022December 31, 2021
Amortized CostAmortized Cost
Non-accrual
With an
Allowance		Non-accrual
Without an
Allowance		91+ Still
Accruing		Non-accrual
With an
Allowance		Non-accrual
Without an
Allowance		91+ Still
Accruing
North America$43 $6 $13 $47 $9 $12 
EAME20 1 2 18 1 2 
Asia/Pacific13 — 18 19 — 7 
Mining28 1 1 8 1 14 
Latin America56 — 1 52 4 1 
Caterpillar Power Finance31 12 — 40 11 — 
Total$191 $20 $35 $184 $26 $36 
    
There was $1 million and $3 million of interest income recognized during the three months ended March 31, 2022 and 2021, respectively, for customer finance receivables on non-accrual status.
Finance receivables modified as TDRs Finance receivables in the Customer portfolio segment modified as TDRs were as follows:
(Millions of dollars)Three Months Ended
March 31, 2022		Three Months Ended
March 31, 2021
 Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost		Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost
EAME$1 $1 $— $— 
Mining— — 11 5 
Caterpillar Power Finance6 6 — — 
Total$7 $7 $11 $5 
The Post-TDR amortized cost of TDRs in the Customer portfolio segment with a payment default (defined as 91+ days past due) which had been modified within twelve months prior to the default date, was as follows:
(Millions of dollars)Three Months Ended March 31,
20222021
North America$— $1 
Asia/Pacific— 4 
Mining5 — 
Caterpillar Power Finance— 5 
Total$5 $10