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Finance Receivables (Tables)
 12 Months Ended
Dec. 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 as of December 31, was as follows:
(Millions of dollars)20222021
Retail loans, net(1)
$14,973 $14,817 
Retail leases, net6,965 7,818 
Caterpillar purchased receivables, net4,297 4,462 
Wholesale loans, net(1)
545 406 
Wholesale leases, net7 11 
Total finance receivables26,787 27,514 
Less: Allowance for credit losses(346)(337)
Total finance receivables, net$26,441 $27,177 
(1) Includes failed sale leasebacks.
Maturities of finance receivables
Maturities of our finance receivables, as of December 31, 2022, reflect contractual repayments due from borrowers and were as follows:
(Millions of dollars)      
Amounts due inRetail
loans		Retail
leases		Caterpillar
purchased
receivables		Wholesale
loans		Wholesale
leases		Total
2023$6,521 $2,865 $4,334 $343 $3 $14,066 
20243,864 1,818 — 74 1 5,757 
20252,733 1,027 — 56 1 3,817 
20261,518 547 — 18 — 2,083 
2027545 176 — 2 — 723 
Thereafter117 40 — 1 — 158 
Total15,298 6,473 4,334 494 5 26,604 
Guaranteed residual value(1)
12 399 — 57 1 469 
Unguaranteed residual value(1)
2 665 — 2 2 671 
Unearned income(339)(572)(37)(8)(1)(957)
Total$14,973 $6,965 $4,297 $545 $7 $26,787 
(1) For Retail loans and Wholesale loans, represents residual value on 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)December 31, 2022December 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(108)— — (108)(256)— — (256)
Recoveries62 — — 62 51 — — 51 
Provision for credit losses(1)
75 (17)— 58 30 38 — 68 
Other(3)— — (3)(5)— — (5)
Ending Balance(2)
$277 $65 $4 $346 $251 $82 $4 $337 
Finance Receivables$20,353 $2,137 $4,297 $26,787 $20,842 $2,210 $4,462 $27,514 
(1) Excludes provision for credit losses on unfunded commitments and other miscellaneous receivables.
(2) Ending balances as of December 31, 2022 include higher reserves 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)December 31, 2022
20222021202020192018PriorRevolving
Finance
Receivables		Total
Finance
Receivables
North America
Current$3,915 $3,276 $1,525 $653 $206 $34 $240 $9,849 
31-60 days past due25 26 18 12 4 1 4 90 
61-90 days past due9 15 7 3 1 — 3 38 
91+ days past due11 16 12 6 4 3 4 56 
EAME
Current1,270 953 477 280 155 68 — 3,203 
31-60 days past due10 12 7 1 1 — — 31 
61-90 days past due8 4 3 1 — — — 16 
91+ days past due6 25 16 4 1 1 — 53 
Asia/Pacific
Current1,174 805 393 124 37 5 40 2,578 
31-60 days past due10 12 8 1 1 — — 32 
61-90 days past due2 5 4 2 — — — 13 
91+ days past due2 6 6 4 — — — 18 
Mining
Current875 627 227 193 94 108 80 2,204 
31-60 days past due— 1 — — — — — 1 
61-90 days past due— — — — — — — — 
91+ days past due— — — — — 1 — 1 
Latin America
Current770 400 150 69 26 20 — 1,435 
31-60 days past due7 8 4 2 — 1 — 22 
61-90 days past due2 5 1 1 — — — 9 
91+ days past due2 13 11 2 1 — — 29 
Caterpillar Power Finance
Current82 87 146 51 18 161 125 670 
31-60 days past due— — — — — — — — 
61-90 days past due— — — — — — — — 
91+ days past due— — — — — 5 — 5 
Totals by Aging Category
Current8,086 6,148 2,918 1,370 536 396 485 19,939 
31-60 days past due52 59 37 16 6 2 4 176 
61-90 days past due21 29 15 7 1 — 3 76 
91+ days past due21 60 45 16 6 10 4 162 
Total$8,180 $6,296 $3,015 $1,409 $549 $408 $496 $20,353 
(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)      
 December 31, 2022
 31-60
Days
Past Due		61-90
Days
Past Due		91+
Days
Past Due		Total
Past Due		CurrentTotal Finance
Receivables
North America$11 $7 $4 $22 $2,458 $2,480 
EAME1 — 2 3 812 815 
Asia/Pacific6 2 2 10 555 565 
Latin America9 2 14 25 406 431 
Caterpillar Power Finance1 — — 1 5 6 
Total$28 $11 $22 $61 $4,236 $4,297 

(Millions of dollars)      
 December 31, 2021
 31-60
Days
Past Due		61-90
Days
Past Due		91+
Days
Past Due		Total
Past Due		CurrentTotal Finance
Receivables
North America$8 $6 $5 $19 $2,499 $2,518 
EAME1 — 1 2 844 846 
Asia/Pacific— — 1 1 620 621 
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)December 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$52 $4 $11 $47 $9 $12 
EAME43 — 10 18 1 2 
Asia/Pacific11 — 7 19 — 7 
Mining— 1 — 8 1 14 
Latin America45 — — 52 4 1 
Caterpillar Power Finance5 11 — 40 11 — 
Total$156 $16 $28 $184 $26 $36 
    
There was $17 million, $12 million and $12 million of interest income recognized during the years ended December 31, 2022, 2021 and 2020, respectively, for customer finance receivables on non-accrual status.
Finance receivables modified as TDRs Finance receivables in the Customer portfolio segment modified as TDRs for the years ended December 31, were as follows:
(Dollars in millions)202220212020
 Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost		Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost
Pre-TDR
Amortized
Cost
Post-TDR
Amortized Cost
North America$6 $6 $6 $6 $13 $13 
EAME1 1 3 3 — — 
Asia/Pacific— — 4 4 12 12 
Mining16 16 11 5 35 35 
Latin America22 22 12 12 45 45 
Caterpillar Power Finance20 19 26 22 115 115 
Total$65 $64 $62 $52 $220 $220 
TDRs in the Customer portfolio segment with a payment default (defined as 91+ days past due) which had been modified within twelve months prior to the default date for the years ended December 31, were as follows:
(Dollars in millions)202220212020
Post-TDR
Amortized
Cost		Post-TDR
Amortized
Cost		Post-TDR
Amortized Cost
North America$— $1 $8 
EAME— — 10 
Asia/Pacific— 6 2 
Mining5 — 10 
Latin America— 15 1 
 Caterpillar Power Finance— 7 18 
Total$5 $29 $49