Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair values of financial instruments

Fair values of our financial instruments not carried at fair value as of December 31, were as follows:

(Millions of dollars)	2023				2022
	Carrying  Amount		Fair  Value		Carrying  Amount		Fair  Value		Fair Value Levels	Reference
Assets
Finance receivables, net (excluding finance leases(1))	$	20,746	$	20,330	$	19,085	$	18,448	3	Note 2
Liabilities
Long-term debt	$	23,612	$	23,299	$	21,418	$	20,686	2	Note 7

(1) Represents finance leases and failed sale leasebacks of $7.00 billion and $7.36 billion as of December 31, 2023 and 2022, respectively.