Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair values of financial instruments

Financial instruments not carried at fair value were as follows:

(Millions of dollars)	September 30, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Levels	Reference
Assets
Finance receivables, net (excluding finance leases(1))	$	20,345	$	19,773	$	19,085	$	18,448	3	Note 3
Liabilities
Long-term debt	$	23,408	$	22,806	$	21,418	$	20,686	2

(1) Represents finance leases and failed sale leasebacks of $6.86 billion and $7.36 billion as of September 30, 2023 and December 31, 2022, respectively.