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Consolidated Statements of Profit - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Retail finance $ 404 $ 340
Operating lease 233 218
Wholesale finance 173 151
Other, net 43 59
Total revenues 853 768
Expenses:    
Interest 298 217
Depreciation on equipment leased to others 181 174
General, operating and administrative 154 133
Provision for credit losses 7 9
Other 7 6
Total expenses 647 539
Other income (expense) 23 (25)
Profit before income taxes 229 204
Provision for income taxes 59 53
Profit of consolidated companies 170 151
Less: Profit attributable to noncontrolling interests 1 2
Profit attributable to Caterpillar Financial Services Corporation $ 169 $ 149