v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash and cash equivalents $ 659 $ 533
Finance receivables, net of allowance for credit losses of $283 and $284 32,638 32,815
Notes receivable from Caterpillar 701 663
Equipment on operating leases, net 2,892 2,927
Other assets 1,273 1,375
Total assets 38,163 38,313
Liabilities and shareholder’s equity:    
Payable to dealers and others 110 106
Payable to Caterpillar - borrowings and other 1,213 1,172
Accrued expenses 502 553
Short-term borrowings 4,729 5,514
Current maturities of long-term debt 7,660 7,085
Long-term debt 19,971 20,018
Other liabilities 616 638
Total liabilities 34,801 35,086
Commitments and contingent liabilities (Note 7)
Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount) 745 745
Additional paid-in capital 2 2
Retained earnings 3,496 3,352
Accumulated other comprehensive income (loss) (947) (938)
Noncontrolling interests 66 66
Total shareholder’s equity 3,362 3,227
Total liabilities and shareholder’s equity $ 38,163 $ 38,313