Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022				2021
	Carrying  Amount		Fair  Value		Carrying  Amount		Fair  Value		Fair Value Levels	Reference
Assets
Finance receivables, net (excluding finance leases(1))	$	19,085	$	18,448	$	19,068	$	19,047	3	Note 2
Liabilities
Long-term debt	$	21,418	$	20,686	$	22,594	$	22,797	2	Note 7

(1) Represents finance leases and failed sale leasebacks of $7.36 billion and $8.11 billion as of December 31, 2022 and 2021, respectively.