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Finance Receivables (Tables)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 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)June 30,
2023		December 31,
2022
Retail loans, net(1)
$15,403 $14,973 
Retail leases, net6,714 6,965 
Caterpillar purchased receivables, net4,748 4,297 
Wholesale loans, net(1)
823 545 
Wholesale leases, net6 7 
Total finance receivables27,694 26,787 
Less: Allowance for credit losses(320)(346)
Total finance receivables, net$27,374 $26,441 
(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 June 30, 2023Three Months Ended June 30, 2022
CustomerDealerCaterpillar
Purchased
Receivables		TotalCustomerDealerCaterpillar
Purchased
Receivables		Total
Beginning Balance$278 $65 $5 $348 $271 $81 $5 $357 
Write-offs(21)— — (21)(18)— — (18)
Recoveries13 — — 13 18 — — 18 
Provision for credit losses(1)
(6)(15)— (21)22 1 (1)22 
Other1 — — 1 (3)— — (3)
Ending Balance$265 $50 $5 $320 $290 $82 $4 $376 
Six Months Ended June 30, 2023Six Months Ended June 30, 2022
CustomerDealerCaterpillar
Purchased
Receivables		TotalCustomerDealerCaterpillar
Purchased
Receivables		Total
Beginning Balance$277 $65 $4 $346 $251 $82 $4 $337 
Write-offs(41)— — (41)(38)— — (38)
Recoveries23 — — 23 30 — — 30 
Provision for credit losses(1)
4 (15)1 (10)48 — — 48 
Other2 — — 2 (1)— — (1)
Ending Balance$265 $50 $5 $320 $290 $82 $4 $376 
Finance Receivables$20,325 $2,621 $4,748 $27,694 $20,483 $2,277 $3,979 $26,739 
(1) Excludes provision for credit losses on unfunded commitments and other miscellaneous receivables.
  
Write-offs by origination year
Gross write-offs by origination year for the Customer portfolio segment were as follows:
(Millions of Dollars)Three Months Ended June 30, 2023
20232022202120202019PriorRevolving Finance ReceivablesTotal
North America$— $2 $2 $1 $1 $1 $3 $10 
EAME— — 2 1 — 1 — 4 
Asia/Pacific— 1 1 2 — — — 4 
Latin America— 2 1 — — — — 3 
Total$— $5 $6 $4 $1 $2 $3 $21 
Six Months Ended June 30, 2023
20232022202120202019PriorRevolving Finance ReceivablesTotal
North America$— $5 $5 $1 $1 $1 $7 $20 
EAME— 1 2 2 — 1 — 6 
Asia/Pacific— 1 3 3 1 — — 8 
Latin America— 2 2 2 1 — — 7 
Total$— $9 $12 $8 $3 $2 $7 $41 
  
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)June 30, 2023
20232022202120202019PriorRevolving
Finance
Receivables		Total
Finance
Receivables
North America
Current$2,056 $3,251 $2,610 $1,104 $407 $109 $285 $9,822 
31-60 days past due13 31 24 15 10 2 3 98 
61-90 days past due3 13 10 6 2 1 1 36 
91+ days past due1 16 20 11 5 4 2 59 
EAME
Current623 1,091 757 361 190 155 — 3,177 
31-60 days past due3 8 11 4 1 1 — 28 
61-90 days past due1 5 6 3 2 — — 17 
91+ days past due— 16 18 11 3 1 — 49 
Asia/Pacific
Current613 882 543 211 67 19 41 2,376 
31-60 days past due— 8 11 7 1 — — 27 
61-90 days past due— 4 5 2 1 — — 12 
91+ days past due1 4 5 4 1 — — 15 
Mining
Current659 759 457 175 133 70 38 2,291 
31-60 days past due— 42 32 — — — — 74 
61-90 days past due— — — — — — — — 
91+ days past due— 2 1 — — — — 3 
Latin America
Current389 658 305 99 38 13 — 1,502 
31-60 days past due2 16 7 3 4 — — 32 
61-90 days past due— 5 3 4 1 — — 13 
91+ days past due— 16 21 9 9 22 — 77 
Power
Current30 74 75 89 47 145 154 614 
31-60 days past due— — — — — — — — 
61-90 days past due— — — — — — — — 
91+ days past due— — — — — 3 — 3 
Totals by Aging Category
Current4,370 6,715 4,747 2,039 882 511 518 19,782 
31-60 days past due18 105 85 29 16 3 3 259 
61-90 days past due4 27 24 15 6 1 1 78 
91+ days past due2 54 65 35 18 30 2 206 
Total$4,394 $6,901 $4,921 $2,118 $922 $545 $524 $20,325 
(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 
Power
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 
  
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)      
 June 30, 2023
 31-60
Days
Past Due		61-90
Days
Past Due		91+
Days
Past Due		Total
Past Due		Current
Total Finance
Receivables
North America$8 $4 $4 $16 $2,770 $2,786 
EAME1 1 1 3 876 879 
Asia/Pacific1 — — 1 619 620 
Latin America7 6 12 25 425 450 
Power1 — 1 2 11 13 
Total$18 $11 $18 $47 $4,701 $4,748 

(Millions of dollars)      
 December 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$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 
Power1 — — 1 5 6 
Total$28 $11 $22 $61 $4,236 $4,297 
  
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)June 30, 2023December 31, 2022
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$54 $— $15 $52 $4 $11 
EAME44 — 7 43 — 10 
Asia/Pacific10 — 5 11 — 7 
Mining3 — — — 1 — 
Latin America85 — — 45 — — 
Power10 — — 5 11 — 
Total$206 $— $27 $156 $16 $28 
  
Finance receivables modified as TDRs   Finance receivables in the Customer portfolio segment modified as TDRs were as follows:
(Millions of dollars)Three Months Ended
June 30, 2022
 Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost
North America$1 $1 
Power3 2 
Total$4 $3 
 Six Months Ended
June 30, 2022
 Pre-TDR
Amortized
Cost		Post-TDR
Amortized
Cost
North America$1 $1 
EAME1 1 
Power9 8 
Total$11 $10 

During the three months ended June 30, 2022, there were no 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. During the six months ended June 30, 2022, the Post-TDR amortized cost of TDRs in the Customer portfolio segment with a payment default which had been modified within twelve months prior to the default date was $5 million, all of which was in Mining.