Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Fair values of financial instruments

Financial instruments not carried at fair value were as follows:

(Millions of dollars)	March 31, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Levels	Reference
Assets
Finance receivables, net (excluding finance leases(1))	$	19,760	$	19,181	$	19,085	$	18,448	3	Note 3
Liabilities
Long-term debt	$	21,602	$	21,066	$	21,418	$	20,686	2

(1) Represents finance leases and failed sale leasebacks of $7.23 billion and $7.36 billion as of March 31, 2023 and December 31, 2022, respectively.