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Consolidated Statements of Profit - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Retail finance $ 1,464 $ 1,229 $ 1,197
Operating lease 905 888 942
Wholesale finance 684 441 314
Other, net 195 176 109
Total revenues 3,248 2,734 2,562
Expenses:      
Interest 1,033 566 455
Depreciation on equipment leased to others 713 718 755
General, operating and administrative 588 531 528
Provision for credit losses 49 81 70
Other 33 24 36
Total expenses 2,416 1,920 1,844
Other income (expense) (72) (83) (23)
Profit before income taxes 760 731 695
Provision for income taxes 192 189 178
Profit of consolidated companies 568 542 517
Less:  Profit attributable to noncontrolling interests 5 7 12
Profit attributable to Caterpillar Financial Services Corporation $ 563 $ 535 $ 505