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Transactions with Related Parties (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Transactions with related parties Information concerning these agreements was as follows as of and for the years ending December 31: 
(Millions of dollars)202520242023
Payable to Caterpillar - borrowings $1,024 $10 $24 
Payable to Caterpillar - other 148 118 113 
Notes receivable from Caterpillar 663 559 527 
Other assets and receivables from Caterpillar(1)
163 85 39 
Interest expense28 1 1 
Interest income on Notes Receivable with Caterpillar(2)
26 23 21 
(1) Included in Other assets in the Consolidated Statements of Financial Position.
(2) Included in Other revenues, net in the Consolidated Statements of Profit.

We have agreements with Caterpillar to purchase certain trade receivables at a discount. In addition, we receive fee revenue from Caterpillar for our centralized activities benefiting the global factoring program. Cash flows related to our factoring programs with Caterpillar are included in Net changes in Caterpillar purchased receivables within investing activities in the Consolidated Statements of Cash Flows. Information pertaining to these purchases was as follows: 
(Millions of dollars)202520242023
Purchases made$55,656 $52,930 $53,382 
Revenue earned611 625 617 
Purchased Receivables as of December 31,5,500 4,283 3,949 
We have finance receivable and operating lease agreements with Caterpillar related to end-user customer transactions. Information concerning these agreements was as follows as of and for the years ending December 31:
(Millions of dollars)202520242023
Finance receivables, net$272 $163 $109 
Equipment on operating leases, net97 115 46 
Revenue from Finance receivables and operating leases42 31 27 
Depreciation on equipment leased to others19 18 18