Equipment on Operating Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Carrying amount of Equipment on operating leases, net

The carrying amount of Equipment on operating leases, net in the Consolidated Statements of Financial Position as of December 31, was as follows: 

(Millions of dollars)	2023		2022
Equipment on operating leases, at cost	$	4,433	$	4,321
Less: Accumulated depreciation	(1,419)		(1,410)
Equipment on operating leases, net	$	3,014	$	2,911

Schedule of payments due for operating leases

At December 31, 2023, rental payments to be received for equipment on operating leases were as follows: 

(Millions of dollars)
2024		2025		2026		2027		2028		Thereafter		Total
$	755	$	515	$	282	$	120	$	55	$	10	$	1,737