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Consolidated Statements of Profit - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Retail finance $ 340 $ 290
Operating lease 218 225
Wholesale finance 151 84
Other, net 59 53
Total revenues 768 652
Expenses:    
Interest 217 106
Depreciation on equipment leased to others 174 184
General, operating and administrative 133 131
Provision for credit losses 9 27
Other 6 7
Total expenses 539 455
Other income (expense) (25) (4)
Profit before income taxes 204 193
Provision for income taxes 53 49
Profit of consolidated companies 151 144
Less: Profit attributable to noncontrolling interests 2 1
Profit attributable to Caterpillar Financial Services Corporation $ 149 $ 143