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Fair Value Disclosures (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Instruments
Fair values of our financial instruments not carried at fair value were as follows:
(Millions of dollars)September 30, 2024December 31, 2023
 Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Fair
Value
Levels
Reference
Assets
Finance receivables, net (excluding finance leases(1))
$22,024 $21,691 $20,746 $20,330 3Note 3
Liabilities
Long-term debt$25,496 $25,472 $23,612 $23,299 2
(1) Represents finance leases and failed sale leasebacks of $7.13 billion and $7.00 billion as of September 30, 2024 and December 31, 2023, respectively.