Caterpillar Financial Services 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Entity Information
Entity Registrant Name	CATERPILLAR FINANCIAL SERVICES CORPORATION
Entity Central Index Key	764,764
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		1

Consolidated Statements of Prof

Consolidated Statements of Profit - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Retail finance		$ 313	$ 345	$ 633	$ 683
Operating lease		256	259	512	518
Wholesale finance		75	83	148	156
Other, net		39	41	79	82
Total revenues		683	728	1,372	1,439
Expenses:
Interest		150	155	301	317
Depreciation on equipment leased to others		210	213	422	427
General, operating and administrative		108	112	211	213
Provision for credit losses		49	31	67	68
Other		11	7	20	15
Total expenses		528	518	1,021	1,040
Other income (expense)		(5)	(2)	(14)	(9)
Profit before income taxes		150	208	337	390
Provision for income taxes		46	58	98	106
Profit of consolidated companies		104	150	239	284
Less: Profit attributable to noncontrolling interests		0	2	2	5
Profit	[1]	$ 104	$ 148	$ 237	$ 279
[1]	Profit attributable to Caterpillar Financial Services Corporation.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Profit of consolidated companies	$ 104	$ 150	$ 239	$ 284
Other comprehensive income (loss), net of tax:
Foreign currency translation, net of tax (expense)/benefit	136	32	(266)	36
Derivative financial instruments:
Gains (losses) deferred, net of tax (expense)/benefit	0	(2)	1	(4)
(Gains) losses reclassified to earnings, net of tax expense/(benefit)	1	1	2	2
Total Other comprehensive income (loss), net of tax	137	31	(263)	34
Comprehensive income (loss)	241	181	(24)	318
Less: Comprehensive income attributable to the noncontrolling interests	2	2	3	4
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	$ 239	$ 179	$ (27)	$ 314

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ 34	$ (9)	$ (66)	$ (9)
Derivative financial instruments:
Gains (losses) deferred, tax	0	1	(1)	1
(Gains) losses reclassified to earnings, tax	$ (1)	$ 0	$ (1)	$ 0

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 1,129	$ 857
Finance receivables
Retail notes receivable	10,721	11,005
Wholesale notes receivable	4,292	4,514
Finance leases and installment sale contracts - Retail	13,913	14,455
Finance leases and installment sale contracts - Wholesale	444	384
Total gross finance receivables	29,370	30,358
Less: Unearned income	(817)	(883)
Less: Allowance for credit losses	(405)	(401)
Total net finance receivables	28,148	29,074
Notes receivable from Caterpillar	431	414
Equipment on operating leases, less accumulated depreciation	3,563	3,624
Deferred and refundable income taxes	119	206
Other assets	1,102	1,001
Total assets	34,492	35,176
Liabilities and stockholder's equity:
Payable to dealers and others	163	113
Payable to Caterpillar - other	45	69
Accrued expenses	186	212
Income taxes payable	102	66
Payable to Caterpillar - borrowings	1,101	1,108
Short-term borrowings	6,226	4,699
Current maturities of long-term debt	4,623	6,283
Long-term debt	17,948	18,291
Deferred income taxes and other liabilities	718	681
Total liabilities	$ 31,112	$ 31,522
Commitments and contingent liabilities (Notes 7 and 9)
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	3,126	3,139
Accumulated other comprehensive income/(loss)	(628)	(364)
Noncontrolling interests	135	132
Total stockholder's equity	3,380	3,654
Total liabilities and stockholder's equity	$ 34,492	$ 35,176

Consolidated Statements of Fin6

Consolidated Statements of Financial Position (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders’ Equity:
Common stock - par value	$ 1	$ 1
Common stock - authorized	2,000	2,000
Common stock - issued	1	1
Common stock - outstanding	1	1

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholder's Equity - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income/(loss)	Noncontrolling interests
Balance at Dec. 31, 2013	$ 3,991	$ 745	$ 2	$ 3,004	$ 117	$ 123
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Profit of consolidated companies	284			279		5
Dividend paid to Caterpillar	(200)			(200)
Foreign currency translation, net of tax	36				37	(1)
Derivative financial instruments, net of tax	(2)				(2)
Balance at Jun. 30, 2014	4,109	745	2	3,083	152	127
Balance at Dec. 31, 2014	3,654	745	2	3,139	(364)	132
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Profit of consolidated companies	239			237		2
Dividend paid to Caterpillar	(250)			(250)
Foreign currency translation, net of tax	(266)				(267)	1
Derivative financial instruments, net of tax	3				3
Balance at Jun. 30, 2015	$ 3,380	$ 745	$ 2	$ 3,126	$ (628)	$ 135

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Profit of consolidated companies	$ 239	$ 284
Adjustments for non-cash items:
Depreciation and amortization	428	434
Amortization of receivables purchase discount	(116)	(123)
Provision for credit losses	67	68
Gain on sales of receivables	(1)	(4)
Other, net	(15)	12
Changes in assets and liabilities:
Receivables from others	(29)	(1)
Other receivables/payables with Caterpillar	(25)	(22)
Payable to dealers and others	35	(42)
Accrued interest payable	(1)	(66)
Accrued expenses and other liabilities, net	(35)	(15)
Income taxes payable	119	130
Other assets, net	2	0
Net cash provided by operating activities	668	655
Cash flows from investing activities:
Capital expenditures for equipment on operating leases and other capital expenditures	(636)	(779)
Proceeds from disposals of equipment	328	386
Additions to finance receivables	(6,171)	(7,223)
Collections of finance receivables	5,965	5,995
Net changes in Caterpillar purchased receivables	295	(109)
Proceeds from sales of receivables	74	107
Additions to other notes receivable with Caterpillar	(50)	0
Collections on other notes receivable with Caterpillar	33	16
Restricted cash and cash equivalents activity, net	(5)	(44)
Settlements of derivatives	(41)	(9)
Net cash provided by (used for) investing activities	(208)	(1,660)
Cash flows from financing activities:
Proceeds from debt issued (original maturities greater than three months)	3,688	4,961
Payments on debt issued (original maturities greater than three months)	(5,580)	(5,574)
Short-term borrowings, net (original maturities three months or less)	1,966	1,740
Dividend paid to Caterpillar	(250)	(200)
Net cash provided by (used for) financing activities	(176)	927
Effect of exchange rate changes on cash and cash equivalents	(12)	(50)
Increase/(decrease) in cash and cash equivalents	272	(128)
Cash and cash equivalents at beginning of year	857	1,320
Cash and cash equivalents at end of period	$ 1,129	$ 1,192

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of (a) the consolidated profit for the three and six months ended June 30, 2015 and 2014 , (b) the consolidated comprehensive income for the three and six months ended June 30, 2015 and 2014 , (c) the consolidated financial position as of June 30, 2015 and December 31, 2014 , (d) the consolidated changes in stockholder's equity for the six months ended June 30, 2015 and 2014 and (e) the consolidated cash flows for the six months ended June 30, 2015 and 2014 . The preparation of financial statements, in conformity with generally accepted accounting principles in the United States of America (U.S. GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), requires management to make estimates and assumptions that affect reported amounts. The most significant estimates include those related to the residual values for leased assets, our Allowance for credit losses and income taxes. Actual results may differ from these estimates. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the audited consolidated financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2014 filed with the SEC on February 17, 2015. The December 31, 2014 financial position data included herein was derived from the audited consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2014 filed with the SEC on February 17, 2015, but does not include all disclosures required by U.S. GAAP. We consolidate all variable-interest entities (VIEs) where we are the primary beneficiary. The primary beneficiary of a VIE is the party that has the power to direct the activities that most significantly impact the performance of the entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the entity. Please refer to Note 7 for more information.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Loss)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income/(Loss)	Accumulated Other Comprehensive Income/(Loss) Comprehensive income/(loss) and its components are presented in the Consolidated Statements of Comprehensive Income. Changes in Accumulated other comprehensive income/(loss), net of tax, included in the Consolidated Statements of Changes in Stockholder's Equity, consisted of the following: (Millions of dollars) Foreign currency translation Derivative financial instruments Total Three Months Ended June 30, 2014 Balance at March 31, 2014 $ 127 $ (6 ) $ 121 Other comprehensive income/(loss) before reclassifications 32 (2 ) 30 Amounts reclassified from accumulated other comprehensive income/(loss) — 1 1 Other comprehensive income/(loss) 32 (1 ) 31 Balance at June 30, 2014 $ 159 $ (7 ) $ 152 Three Months Ended June 30, 2015 Balance at March 31, 2015 $ (760 ) $ (3 ) $ (763 ) Other comprehensive income/(loss) before reclassifications 134 — 134 Amounts reclassified from accumulated other comprehensive income/(loss) — 1 1 Other comprehensive income/(loss) 134 1 135 Balance at June 30, 2015 $ (626 ) $ (2 ) $ (628 ) Six Months Ended June 30, 2014 Balance at December 31, 2013 $ 122 $ (5 ) $ 117 Other comprehensive income/(loss) before reclassifications 37 (4 ) 33 Amounts reclassified from accumulated other comprehensive income/(loss) — 2 2 Other comprehensive income/(loss) 37 (2 ) 35 Balance at June 30, 2014 $ 159 $ (7 ) $ 152 Six Months Ended June 30, 2015 Balance at December 31, 2014 $ (359 ) $ (5 ) $ (364 ) Other comprehensive income/(loss) before reclassifications (267 ) 1 (266 ) Amounts reclassified from accumulated other comprehensive income/(loss) — 2 2 Other comprehensive income/(loss) (267 ) 3 (264 ) Balance at June 30, 2015 $ (626 ) $ (2 ) $ (628 ) The effect of the reclassifications out of Accumulated other comprehensive income/(loss) on the Consolidated Statements of Profit was as follows: (Millions of dollars) Three Months Ended Six Months Ended Classification of income (expense) 2015 2014 2015 2014 Foreign exchange contracts Other income (expense) $ — $ — $ — $ — Interest rate contracts Interest expense (2 ) (1 ) (3 ) (2 ) Reclassifications before tax (2 ) (1 ) (3 ) (2 ) Tax (provision) benefit 1 — 1 — Total reclassifications from Accumulated other comprehensive income/(loss) $ (1 ) $ (1 ) $ (2 ) $ (2 )

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Reporting discontinued operations and disclosures of disposals of components of an entity – In April 2014, the Financial Accounting Standards Board (FASB) issued accounting guidance for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The guidance defines a discontinued operation as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. This guidance was effective January 1, 2015 and did not have a material impact on our financial statements. Revenue recognition – In May 2014, the FASB issued new revenue recognition guidance to provide a single, comprehensive revenue recognition model for all contracts with customers. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. A five step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements and is effective January 1, 2018, with early adoption permitted for January 1, 2017. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. We are in the process of evaluating the application and implementation of the new guidance. Variable interest entities – In February 2015, the FASB issued accounting guidance on the consolidation of VIEs. The new guidance revises previous guidance by establishing an analysis for determining whether a limited partnership or similar entity is a VIE and whether outsourced decision-maker fees are considered variable interests. In addition, the new guidance revises how a reporting entity evaluates economics and related parties when assessing who should consolidate a VIE. This guidance is effective January 1, 2016. We do not expect the adoption to have a material impact on our financial statements. Presentation of debt issuance costs – In April 2015, the FASB issued accounting guidance which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability. Prior to the issuance of the standard, debt issuance costs were required to be presented in the balance sheet as an asset. This guidance is effective January 1, 2016. We do not expect the adoption to have a material impact on our financial statements.

Financing Activities

Financing Activities	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Financing Activities	Financing Activities A. Credit Quality of Finance Receivables and Allowance for Credit Losses We apply a systematic methodology to determine the Allowance for credit losses for finance receivables. Based upon our analysis of credit losses and risk factors, our portfolio segments are as follows: • Customer - Finance receivables with retail customers. • Dealer - Finance receivables with Caterpillar dealers. • Caterpillar Purchased Receivables - Trade receivables purchased from Caterpillar entities. We further evaluate our portfolio segments by the class of finance receivables, which is defined as a level of information (below a portfolio segment) in which the finance receivables have the same initial measurement attribute and a similar method for assessing and monitoring credit risk. Typically, our finance receivables within a geographic area have similar credit risk profiles and methods for assessing and monitoring credit risk. Our classes, which align with management reporting for credit losses, are as follows: • North America - Finance receivables originated in the United States or Canada. • Europe - Finance receivables originated in Europe, Africa, Middle East and the Commonwealth of Independent States. • Asia/Pacific - Finance receivables originated in Australia, New Zealand, China, Japan, South Korea and Southeast Asia. • Mining - Finance receivables related to large mining customers worldwide. • Latin America - Finance receivables originated in Central and South American countries and Mexico. • Caterpillar Power Finance - Finance receivables related to marine vessels with Caterpillar engines worldwide and Caterpillar electrical power generation, gas compression and co-generation systems and non-Caterpillar equipment that is powered by these systems worldwide. Impaired finance receivables For all classes, a finance receivable is considered impaired, based on current information and events, if it is probable that we will be unable to collect all amounts due according to the contractual terms of the finance receivable. Finance receivables reviewed for impairment include those that are past due, non-performing or in bankruptcy. Recognition of income is suspended and the finance receivable is placed on non-accrual status when management determines that collection of future income is not probable (generally after 120 days past due, except in locations where local regulatory requirements dictate a different method or instances in which relevant information is known that warrants placing the finance receivable on non-accrual status earlier). Accrual is resumed and previously suspended income is recognized when the finance receivable becomes contractually current and/or collection doubts are removed. Cash receipts on impaired finance receivables are recorded against the receivable and then to any unrecognized income. There were no impaired finance receivables as of June 30, 2015 and December 31, 2014 , for the Dealer and Caterpillar Purchased Receivables portfolio segments. The average recorded investment for impaired finance receivables within the Dealer and Caterpillar Purchased Receivables portfolio segments was zero for the three and six months ended June 30, 2015 and 2014 . Individually impaired finance receivables for the Customer portfolio segment were as follows: (Millions of dollars) As of June 30, 2015 As of December 31, 2014 Impaired Finance Receivables With No Allowance Recorded Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Customer North America $ 11 $ 11 $ — $ 14 $ 14 $ — Europe 43 42 — 44 43 — Asia/Pacific 1 1 — 2 2 — Mining 66 66 — 29 29 — Latin America 32 32 — 34 34 — Caterpillar Power Finance 149 149 — 129 128 — Total $ 302 $ 301 $ — $ 252 $ 250 $ — Impaired Finance Receivables With An Allowance Recorded Customer North America $ 6 $ 6 $ 2 $ 6 $ 6 $ 1 Europe 15 13 5 12 12 4 Asia/Pacific 70 70 19 29 29 8 Mining 23 23 6 138 137 9 Latin America 54 54 20 42 42 12 Caterpillar Power Finance 138 137 46 135 134 41 Total $ 306 $ 303 $ 98 $ 362 $ 360 $ 75 Total Impaired Finance Receivables Customer North America $ 17 $ 17 $ 2 $ 20 $ 20 $ 1 Europe 58 55 5 56 55 4 Asia/Pacific 71 71 19 31 31 8 Mining 89 89 6 167 166 9 Latin America 86 86 20 76 76 12 Caterpillar Power Finance 287 286 46 264 262 41 Total $ 608 $ 604 $ 98 $ 614 $ 610 $ 75 (Millions of dollars) Three Months Ended Three Months Ended Impaired Finance Receivables With No Allowance Recorded Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Customer North America $ 12 $ — $ 22 $ — Europe 42 — 47 — Asia/Pacific 3 — 4 — Mining 80 1 87 1 Latin America 32 — 37 — Caterpillar Power Finance 176 1 162 1 Total $ 345 $ 2 $ 359 $ 2 Impaired Finance Receivables With An Allowance Recorded Customer North America $ 6 $ — $ 13 $ — Europe 15 1 16 — Asia/Pacific 41 1 14 1 Mining 62 — 73 2 Latin America 51 — 27 — Caterpillar Power Finance 132 1 63 — Total $ 307 $ 3 $ 206 $ 3 Total Impaired Finance Receivables Customer North America $ 18 $ — $ 35 $ — Europe 57 1 63 — Asia/Pacific 44 1 18 1 Mining 142 1 160 3 Latin America 83 — 64 — Caterpillar Power Finance 308 2 225 1 Total $ 652 $ 5 $ 565 $ 5 (Millions of dollars) Six Months Ended Six Months Ended Impaired Loans and Finance Leases With No Allowance Recorded Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Customer North America $ 13 $ — $ 23 $ 1 Europe 43 — 47 — Asia/Pacific 3 — 5 — Mining 87 3 107 3 Latin America 32 — 26 — Caterpillar Power Finance 151 2 188 3 Total $ 329 $ 5 $ 396 $ 7 Impaired Loans and Finance Leases With An Allowance Recorded Customer North America $ 6 $ — $ 11 $ — Europe 14 1 18 — Asia/Pacific 34 1 15 1 Mining 66 1 51 2 Latin America 49 1 30 — Caterpillar Power Finance 131 1 75 1 Total $ 300 $ 5 $ 200 $ 4 Total Impaired Loans and Finance Leases Customer North America $ 19 $ — $ 34 $ 1 Europe 57 1 65 — Asia/Pacific 37 1 20 1 Mining 153 4 158 5 Latin America 81 1 56 — Caterpillar Power Finance 282 3 263 4 Total $ 629 $ 10 $ 596 $ 11 Non-accrual and past due finance receivables For all classes, we consider a finance receivable past due if any portion of a contractual payment is due and unpaid for more than 30 days . Recognition of income is suspended and the finance receivable is placed on non-accrual status when management determines that collection of future income is not probable (generally after 120 days past due, except in locations where local regulatory requirements dictate a different method or instances in which relevant information is known that warrants placing the finance receivable on non-accrual status earlier). Accrual is resumed and previously suspended income is recognized when the finance receivable becomes contractually current and/or collection doubts are removed. As of June 30, 2015 and December 31, 2014 , there were no finance receivables on non-accrual status for the Dealer portfolio segment. As of June 30, 2015 and December 31, 2014 , there was $5 million and $4 million, respectively, in finance receivables on non-accrual status for the Caterpillar Purchased Receivables portfolio segment, all of which was in the Europe finance receivable class. The investment in Customer finance receivables on non-accrual status was as follows: (Millions of dollars) June 30, December 31, Customer North America $ 28 $ 27 Europe 40 28 Asia/Pacific 40 54 Mining 155 62 Latin America 236 201 Caterpillar Power Finance 119 96 Total $ 618 $ 468 Aging related to finance receivables was as follows: (Millions of dollars) June 30, 2015 31-60 Days Past Due 61-90 Days Past Due 91+ Days Past Due Total Past Due Current Total Finance Receivables 91+ Still Accruing Customer North America $ 56 $ 17 $ 29 $ 102 $ 7,608 $ 7,710 $ 6 Europe 22 15 38 75 2,434 2,509 6 Asia/Pacific 58 25 50 133 2,380 2,513 14 Mining 2 — 72 74 1,878 1,952 10 Latin America 90 45 223 358 2,134 2,492 — Caterpillar Power Finance 2 1 89 92 3,020 3,112 1 Dealer North America — — — — 3,462 3,462 — Europe — — — — 403 403 — Asia/Pacific — — — — 627 627 — Mining — — — — 3 3 — Latin America — — — — 765 765 — Caterpillar Power Finance — — — — 3 3 — Caterpillar Purchased Receivables North America 20 4 1 25 1,856 1,881 1 Europe 3 3 5 11 392 403 — Asia/Pacific — — — — 361 361 — Mining — — — — — — — Latin America — — — — 345 345 — Caterpillar Power Finance 2 — — 2 10 12 — Total $ 255 $ 110 $ 507 $ 872 $ 27,681 $ 28,553 $ 38 (Millions of dollars) December 31, 2014 31-60 Days Past Due 61-90 Days Past Due 91+ Days Past Due Total Past Due Current Total Finance Receivables 91+ Still Accruing Customer North America $ 46 $ 8 $ 27 $ 81 $ 7,291 $ 7,372 $ 4 Europe 16 23 29 68 2,607 2,675 6 Asia/Pacific 29 22 69 120 2,773 2,893 16 Mining 28 — 11 39 2,084 2,123 — Latin America 55 23 196 274 2,583 2,857 8 Caterpillar Power Finance 1 4 64 69 3,079 3,148 1 Dealer North America — — — — 3,209 3,209 — Europe — — — — 467 467 — Asia/Pacific — — — — 637 637 — Mining — — — — 3 3 — Latin America — — — — 853 853 — Caterpillar Power Finance — — — — — — — Caterpillar Purchased Receivables North America 23 5 1 29 1,916 1,945 1 Europe 4 1 5 10 429 439 1 Asia/Pacific — — — — 401 401 — Mining — — — — — — — Latin America 6 5 — 11 420 431 — Caterpillar Power Finance — — 1 1 21 22 1 Total $ 208 $ 91 $ 403 $ 702 $ 28,773 $ 29,475 $ 38 Allowance for credit losses An analysis of the Allowance for credit losses was as follows: (Millions of dollars) June 30, 2015 Allowance for Credit Losses: Customer Dealer Caterpillar Purchased Receivables Total Balance at beginning of year $ 388 $ 10 $ 3 $ 401 Receivables written off (72 ) — — (72 ) Recoveries on receivables previously written off 22 — — 22 Provision for credit losses 67 (1 ) — 66 Adjustment due to sale of receivables (1 ) — — (1 ) Foreign currency translation adjustment (11 ) — — (11 ) Balance at end of period $ 393 $ 9 $ 3 $ 405 Individually evaluated for impairment $ 98 $ — $ — $ 98 Collectively evaluated for impairment 295 9 3 307 Ending Balance $ 393 $ 9 $ 3 $ 405 Recorded Investment in Finance Receivables: Individually evaluated for impairment $ 608 $ — $ — $ 608 Collectively evaluated for impairment 19,680 5,263 3,002 27,945 Ending Balance $ 20,288 $ 5,263 $ 3,002 $ 28,553 (Millions of dollars) December 31, 2014 Allowance for Credit Losses: Customer Dealer Caterpillar Purchased Receivables Total Balance at beginning of year $ 374 $ 10 $ 3 $ 387 Receivables written off (146 ) — — (146 ) Recoveries on receivables previously written off 47 — — 47 Provision for credit losses 136 — — 136 Adjustment due to sale of receivables (3 ) — — (3 ) Foreign currency translation adjustment (20 ) — — (20 ) Balance at end of year $ 388 $ 10 $ 3 $ 401 Individually evaluated for impairment $ 75 $ — $ — $ 75 Collectively evaluated for impairment 313 10 3 326 Ending Balance $ 388 $ 10 $ 3 $ 401 Recorded Investment in Finance Receivables: Individually evaluated for impairment $ 614 $ — $ — $ 614 Collectively evaluated for impairment 20,454 5,169 3,238 28,861 Ending Balance $ 21,068 $ 5,169 $ 3,238 $ 29,475 Credit quality of finance receivables The credit quality of finance receivables is reviewed on a monthly basis. Credit quality indicators include performing and non-performing. Non-performing is defined as finance receivables currently over 120 days past due and/or on non-accrual status or in bankruptcy. Finance receivables not meeting the criteria listed above are considered performing. Non-performing finance receivables have the highest probability for credit loss. The Allowance for credit losses attributable to non-performing finance receivables is based on the most probable source of repayment, which is normally the liquidation of collateral. In determining collateral value, we estimate the current fair market value of the collateral less selling costs. In addition, consideration is given to credit enhancements such as additional collateral and contractual third-party guarantees in determining the Allowance for credit losses attributable to non-performing finance receivables. The recorded investment in performing and non-performing finance receivables was as follows: (Millions of dollars) June 30, 2015 Customer Dealer Caterpillar Purchased Receivables Total Performing North America $ 7,682 $ 3,462 $ 1,881 $ 13,025 Europe 2,469 403 398 3,270 Asia/Pacific 2,473 627 361 3,461 Mining 1,797 3 — 1,800 Latin America 2,256 765 345 3,366 Caterpillar Power Finance 2,993 3 12 3,008 Total Performing $ 19,670 $ 5,263 $ 2,997 $ 27,930 Non-Performing North America $ 28 $ — $ — $ 28 Europe 40 — 5 45 Asia/Pacific 40 — — 40 Mining 155 — — 155 Latin America 236 — — 236 Caterpillar Power Finance 119 — — 119 Total Non-Performing $ 618 $ — $ 5 $ 623 Total Performing and Non-Performing North America $ 7,710 $ 3,462 $ 1,881 $ 13,053 Europe 2,509 403 403 3,315 Asia/Pacific 2,513 627 361 3,501 Mining 1,952 3 — 1,955 Latin America 2,492 765 345 3,602 Caterpillar Power Finance 3,112 3 12 3,127 Total $ 20,288 $ 5,263 $ 3,002 $ 28,553 (Millions of dollars) December 31, 2014 Customer Dealer Caterpillar Purchased Receivables Total Performing North America $ 7,345 $ 3,209 $ 1,945 $ 12,499 Europe 2,647 467 435 3,549 Asia/Pacific 2,839 637 401 3,877 Mining 2,061 3 — 2,064 Latin America 2,656 853 431 3,940 Caterpillar Power Finance 3,052 — 22 3,074 Total Performing $ 20,600 $ 5,169 $ 3,234 $ 29,003 Non-Performing North America $ 27 $ — $ — $ 27 Europe 28 — 4 32 Asia/Pacific 54 — — 54 Mining 62 — — 62 Latin America 201 — — 201 Caterpillar Power Finance 96 — — 96 Total Non-Performing $ 468 $ — $ 4 $ 472 Total Performing and Non-Performing North America $ 7,372 $ 3,209 $ 1,945 $ 12,526 Europe 2,675 467 439 3,581 Asia/Pacific 2,893 637 401 3,931 Mining 2,123 3 — 2,126 Latin America 2,857 853 431 4,141 Caterpillar Power Finance 3,148 — 22 3,170 Total $ 21,068 $ 5,169 $ 3,238 $ 29,475 Troubled debt restructurings A restructuring of a finance receivable constitutes a troubled debt restructuring (TDR) when the lender grants a concession it would not otherwise consider to a borrower experiencing financial difficulties. Concessions granted may include extended contract maturities, inclusion of interest only periods, below market interest rates, extended skip payment periods and reduction of principal and/or accrued interest. TDRs are reviewed along with other finance receivables as part of management’s ongoing evaluation of the adequacy of the Allowance for credit losses. The Allowance for credit losses attributable to TDRs is based on the most probable source of repayment, which is normally the liquidation of collateral. In determining collateral value, we estimate the current fair market value of the collateral less selling costs. In addition, consideration is given to credit enhancements such as additional collateral and contractual third-party guarantees in determining the Allowance for credit losses attributable to TDRs. There were no remaining commitments to lend additional funds to a borrower whose terms have been modified in a TDR as of June 30, 2015 and December 31, 2014 . There were no finance receivables modified as TDRs during the three and six months ended June 30, 2015 and 2014 for the Dealer or Caterpillar Purchased Receivables portfolio segments. Finance receivables in the Customer portfolio segment modified as TDRs were as follows: (Dollars in millions) Three Months Ended Three Months Ended Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Customer North America 1 $ — $ — 1 $ — $ — Europe 19 2 2 5 2 2 Asia/Pacific 20 25 25 — — — Mining — — — 1 32 23 Latin America — — — 18 1 1 Caterpillar Power Finance 2 21 21 5 35 34 Total (1) 42 $ 48 $ 48 30 $ 70 $ 60 Six Months Ended Six Months Ended Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Customer North America 4 $ 1 $ 1 4 $ 2 $ 2 Europe 19 2 2 8 7 7 Asia/Pacific 20 25 25 — — — Mining — — — 2 43 33 Latin America — — — 28 31 30 Caterpillar Power Finance 4 104 101 6 36 35 Total (1) 47 $ 132 $ 129 48 $ 119 $ 107 (1) Modifications include extended contract maturities, inclusion of interest only periods, below market interest rates, extended skip payment periods and reduction of principal and/or accrued interest. TDRs in the Customer portfolio segment with a payment default during the three and six months ended June 30, 2015 and 2014 , which had been modified within twelve months prior to the default date, were as follows: (Dollars in millions) Three Months Ended Three Months Ended Number of Contracts Post-TDR Recorded Investment Number of Contracts Post-TDR Recorded Investment Customer North America 1 $ — — $ — Total 1 $ — — $ — Six Months Ended Six Months Ended Number of Contracts Post-TDR Recorded Investment Number of Contracts Post-TDR Recorded Investment Customer North America 5 $ 1 7 $ 1 Europe — — 7 1 Latin America 1 — — — Total 6 $ 1 14 $ 2 B. Transfers of Receivables Certain finance receivables and equipment on operating leases are sold by us to third parties with limited or no recourse to us to mitigate the concentration of credit risk with certain customers and are generally accounted for as sales. We typically maintain servicing responsibilities for these third-party assets, which totaled $312 million and $316 million as of June 30, 2015 and December 31, 2014 , respectively. Because we do not receive a servicing fee for these assets, a servicing liability is recorded. As of June 30, 2015 and December 31, 2014 , these liabilities were $1 million . These assets are not available to pay our creditors. C. Purchases of Trade Receivables from Caterpillar Entities We purchase trade receivables from Caterpillar entities at a discount. The discount is an estimate of the amount of financing revenue that would be earned at a market rate on these trade receivables over their expected life. The discount is amortized into revenue on an effective yield basis over the life of the receivables and recognized as Wholesale finance revenue. Amortized discounts for the trade receivables were $58 million and $65 million for the three months ended June 30, 2015 and 2014 , respectively, and $116 million and $123 million for the six months ended June 30, 2015 and 2014 , respectively. In the Consolidated Statements of Cash Flows, collection of the discount is included in investing activities as the receivables are collected.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Risk Management	Derivative Financial Instruments and Risk Management Our earnings and cash flow are subject to fluctuations due to changes in foreign currency exchange rates and interest rates. Our Risk Management Policy (policy) allows for the use of derivative financial instruments to prudently manage foreign currency exchange rate and interest rate exposures. Our policy specifies that derivatives are not to be used for speculative purposes. Derivatives that we use are primarily foreign currency forward, option and cross currency contracts and interest rate swaps. Our derivative activities are subject to the management, direction and control of our senior financial officers. Risk management practices, including the use of financial derivative instruments, are presented to our Board of Directors and the Audit Committee of the Caterpillar Inc. Board of Directors at least annually. All derivatives are recognized on the Consolidated Statements of Financial Position at their fair value. On the date the derivative contract is entered into, the derivative instrument is (1) designated as a hedge of the fair value of a recognized asset or liability (fair value hedge), (2) designated as a hedge of a forecasted transaction or the cash flow variability associated with variable-rate debt (cash flow hedge) or (3) undesignated. Changes in the fair value of a derivative that is qualified, designated and highly effective as a fair value hedge, along with the gain or loss on the hedged recognized asset or liability that is attributable to the hedged risk, are recorded in current earnings. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge are recorded in Accumulated other comprehensive income/(loss) (AOCI), to the extent effective, on the Consolidated Statements of Financial Position until they are reclassified to earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of undesignated derivative instruments and the ineffective portion of designated derivative instruments are reported in current earnings. Cash flows from designated derivative financial instruments are classified within the same category as the item being hedged on the Consolidated Statements of Cash Flows. Cash flows from undesignated derivative financial instruments are included in the investing category on the Consolidated Statements of Cash Flows. We formally document all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives that are designated as fair value hedges to specific assets and liabilities on the Consolidated Statements of Financial Position and linking cash flow hedges to specific forecasted transactions or variability of cash flow. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the designated derivatives that are used in hedging transactions are highly effective in offsetting changes in fair value or cash flow of hedged items. When a derivative is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable, we discontinue hedge accounting prospectively, in accordance with derecognition criteria for hedge accounting. Foreign currency exchange rate risk We have net foreign currency balance sheet positions and expected future transactions denominated in foreign currencies, thereby creating exposure to movements in foreign exchange rates. In managing foreign currency risk, our objective is to minimize earnings volatility resulting from conversion and the remeasurement of net foreign currency balance sheet positions and expected future transactions denominated in foreign currencies. Our policy allows the use of foreign currency forward, option and cross currency contracts to offset the risk of currency mismatch between our assets and liabilities and exchange rate risk associated with expected future transactions denominated in foreign currencies. Substantially all such foreign currency forward, option and cross currency contracts are undesignated. Interest rate risk Interest rate movements create a degree of risk by affecting the amount of our interest payments and the value of our fixed-rate debt. Our practice is to use interest rate swaps to manage our exposure to interest rate changes. We have a match-funding policy that addresses interest rate risk by aligning the interest rate profile (fixed or floating rate) of our debt portfolio with the interest rate profile of our receivables portfolio within predetermined ranges on an ongoing basis. In connection with that policy, we use interest rate derivative instruments to modify the debt structure to match assets within the receivables portfolio. This matched funding reduces the volatility of margins between interest-bearing assets and interest-bearing liabilities, regardless of which direction interest rates move. Our policy allows us to use fixed-to-floating, floating-to-fixed and floating-to-floating interest rate swaps to meet the match-funding objective. We designate fixed-to-floating interest rate swaps as fair value hedges to protect debt against changes in fair value due to changes in the benchmark interest rate. We designate most floating-to-fixed interest rate swaps as cash flow hedges to protect against the variability of cash flows due to changes in the benchmark interest rate. As of June 30, 2015 , $1 million of deferred net losses, net of tax, included in equity (AOCI in the Consolidated Statements of Financial Position), related to our floating-to-fixed interest rate swaps, are expected to be reclassified to Interest expense over the next twelve months. The actual amount recorded in Interest expense will vary based on interest rates at the time the hedged transactions impact earnings. We have, at certain times, liquidated fixed-to-floating interest rate swaps that resulted in deferred gains at the time of liquidation. The deferred gains associated with these interest rate swaps are included in Long-term debt in the Consolidated Statements of Financial Position and are being amortized to Interest expense over the remaining term of the previously designated hedged item. The location and fair value of derivative instruments reported in the Consolidated Statements of Financial Position were as follows: (Millions of dollars) Asset (Liability) Fair Value Consolidated Statements of Financial Position Location June 30, December 31, Designated derivatives Interest rate contracts Other assets $ 64 $ 79 Interest rate contracts Accrued expenses (5 ) (8 ) $ 59 $ 71 Undesignated derivatives Foreign exchange contracts Other assets $ 5 $ 5 Foreign exchange contracts Accrued expenses (6 ) (15 ) Cross currency contracts Other assets 26 17 $ 25 $ 7 The total notional amounts of the derivative instruments were $4.10 billion and $5.25 billion as of June 30, 2015 and December 31, 2014 , respectively. The notional amounts of the derivative financial instruments do not represent amounts exchanged by the parties. The amounts exchanged by the parties are calculated by reference to the notional amounts and by other terms of the derivatives, such as foreign currency exchange rates and interest rates. For the six months ended June 30, 2015 and 2014 , the deferred gains (losses) recorded in AOCI on the Consolidated Statements of Changes in Stockholder’s Equity associated with our cash flow interest rate contract hedges were as follows: (Millions of dollars) Balance as of December 31, 2014, net of tax (expense)/benefit of $3 $ (5 ) Gains (losses) deferred during the period, net of tax (expense)/benefit of $(1) 1 (Gains) losses reclassified to earnings, net of tax expense/(benefit) of $(1) 2 Balance as of June 30, 2015, net of tax (expense)/benefit of $1 $ (2 ) (Millions of dollars) Balance as of December 31, 2013, net of tax (expense)/benefit of $3 $ (5 ) Gains (losses) deferred during the period, net of tax (expense)/benefit of $1 (4 ) (Gains) losses reclassified to earnings, net of tax expense/(benefit) of $0 2 Balance as of June 30, 2014, net of tax (expense)/benefit of $4 $ (7 ) The effect of derivatives designated as hedging instruments on the Consolidated Statements of Profit was as follows: Fair Value Hedges (Millions of dollars) Three Months Ended Three Months Ended Classification Gains (Losses) on Derivatives Gains (Losses) on Borrowings Gains (Losses) on Derivatives Gains (Losses) on Borrowings Interest rate contracts Other income (expense) $ (13 ) $ 12 $ (6 ) $ 6 Six Months Ended Six Months Ended Classification Gains (Losses) on Derivatives Gains (Losses) on Borrowings Gains (Losses) on Derivatives Gains (Losses) on Borrowings Interest rate contracts Other income (expense) $ (14 ) $ 13 $ (19 ) $ 19 Cash Flow Hedges (Millions of dollars) Three Months Ended June 30, 2015 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (2 ) $ — Interest rate contracts Other income (expense) — — $ (2 ) $ — Three Months Ended June 30, 2014 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (1 ) $ — Interest rate contracts Other income (expense) — — $ (1 ) $ — Six Months Ended June 30, 2015 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (3 ) $ — Interest rate contracts Other income (expense) — — $ (3 ) $ — Six Months Ended June 30, 2014 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (2 ) $ — Interest rate contracts Other income (expense) — — $ (2 ) $ — The effect of derivatives not designated as hedging instruments on the Consolidated Statements of Profit was as follows: Undesignated Derivatives (Millions of dollars) Three Months Ended June 30, Classification 2015 2014 Foreign exchange contracts Other income (expense) $ 6 $ (9 ) Cross currency contracts Other income (expense) (2 ) (3 ) $ 4 $ (12 ) Six Months Ended June 30, Classification 2015 2014 Foreign exchange contracts Other income (expense) $ (32 ) $ (10 ) Cross currency contracts Other income (expense) 8 (7 ) $ (24 ) $ (17 ) Balance sheet offsetting We enter into International Swaps and Derivatives Association (ISDA) master netting agreements that permit the net settlement of amounts owed under their respective derivative contracts. Under these master netting agreements, net settlement generally permits us or the counterparty to determine the net amount payable for contracts due on the same date and in the same currency for similar types of derivative transactions. The master netting agreements generally also provide for net settlement of all outstanding contracts with a counterparty in the case of an event of default or a termination event. Collateral is generally not required of the counterparties or us under the master netting agreements. As of June 30, 2015 and December 31, 2014 , no cash collateral was received or pledged under the master netting agreements. The effect of net settlement provisions of the master netting agreements on our derivative balances upon an event of default or a termination event was as follows: Offsetting of Derivative Assets and Liabilities (Millions of dollars) June 30, December 31, Derivative Assets Gross Amount of Recognized Assets $ 95 $ 101 Gross Amounts Offset — — Net Amount of Assets (1) 95 101 Gross Amounts Not Offset (7 ) (8 ) Net Amount $ 88 $ 93 Derivative Liabilities Gross Amount of Recognized Liabilities $ (11 ) $ (23 ) Gross Amounts Offset — — Net Amount of Liabilities (1) (11 ) (23 ) Gross Amounts Not Offset 7 8 Net Amount $ (4 ) $ (15 ) (1) As presented in the Consolidated Statements of Financial Position.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information A. Description of Segments Our segment data is based on disclosure requirements of accounting guidance on segment reporting, which requires that financial information be reported on the basis that is used internally for measuring segment performance. Internally, we report information for operating segments based on management responsibility. Our operating segments offer primarily the same types of services within each of the respective segments. The operating segments are as follows: • North America - Includes our operations in the United States and Canada that serve local dealers and customers. • Europe and Caterpillar Power Finance - This segment includes our operations that serve dealers and customers in Europe, Africa, Middle East and the Commonwealth of Independent States. This segment also includes Caterpillar Power Finance (CPF), which finances marine vessels with Caterpillar engines worldwide and also provides debt financing for Caterpillar electrical power generation, gas compression and co-generation systems, as well as non-Caterpillar equipment that is powered by these systems worldwide. • Asia/Pacific - This segment includes our operations in Australia, China, Japan, South Korea and Southeast Asia that serve local dealers and customers. • Latin America - Includes our operations in Brazil, Mexico and Chile that serve local dealers and customers in Central and South America. • Mining - This segment includes large mining customers worldwide. This segment also provides project financing in various countries. B. Measurement and Reconciliations Cash, debt and other expenses are allocated to operating segments based on their respective portfolios. The related Interest expense is calculated based on the amount of allocated debt and the rates associated with that debt. The performance of each segment is assessed based on a consistent leverage ratio. The Provision for credit losses included in each operating segment's profit is based on each operating segment's share of the Company's Allowance for credit losses. Reconciling items are created based on accounting differences between operating segment reporting and our consolidated external reporting. For the reconciliation of profit before income taxes, we have grouped the reconciling items as follows: • Unallocated - This item is related to corporate requirements and strategies that are considered to be for the benefit of the entire organization. Also included are the consolidated results of the special purpose corporation (see Note 7 for additional information) and other miscellaneous items. • Timing - Timing differences in the recognition of costs between operating segment reporting and consolidated external reporting. • Methodology - Methodology differences between our operating segment reporting and our consolidated external reporting are as follows: ◦ Segment assets include off-balance sheet managed assets for which we typically maintain servicing responsibilities. ◦ The impact of the difference between the actual leverage and the segment leverage ratios is included as a methodology difference. ◦ Interest expense includes realized forward points on foreign currency forward contracts, with the mark-to-market elements of the forward exchange contracts included as a methodology difference. ◦ The net gain or loss from interest rate derivatives is included as a methodology difference. ◦ The profit attributable to noncontrolling interests is considered a component of segment profit. As noted above, the operating segment information is presented on a management-reporting basis. Unlike financial reporting, there is no authoritative guidance for management reporting equivalent to U.S. GAAP. Supplemental segment data and reconciliations to consolidated external reporting for the three months ended June 30 was as follows: (Millions of dollars) 2015 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at June 30, 2015 Capital expenditures North America $ 290 $ 93 $ 64 $ 100 $ 6 $ 14,352 $ 278 Europe and CPF 104 31 17 20 6 7,354 32 Asia/Pacific 77 15 27 5 11 4,290 13 Latin America 101 15 30 27 15 4,151 19 Mining 100 11 14 58 12 2,992 — Total Segments 672 165 152 210 50 33,139 342 Unallocated 18 (27 ) 16 — — 1,762 — Timing (7 ) (3 ) — — (1 ) 26 — Methodology — 15 (18 ) — — (215 ) — Inter-segment Eliminations — — — — — (220 ) — Total $ 683 $ 150 $ 150 $ 210 $ 49 $ 34,492 $ 342 2014 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at December 31, 2014 Capital expenditures North America $ 265 $ 90 $ 55 $ 87 $ 6 $ 13,661 $ 348 Europe and CPF 123 34 23 25 10 7,601 33 Asia/Pacific 95 34 30 6 7 4,767 7 Latin America 112 37 32 26 — 4,676 25 Mining 123 23 16 68 8 3,161 95 Total Segments 718 218 156 212 31 33,866 508 Unallocated 17 (21 ) 11 1 3 1,648 1 Timing (7 ) — — — (3 ) 120 1 Methodology — 11 (12 ) — — (215 ) — Inter-segment Eliminations — — — — — (243 ) — Total $ 728 $ 208 $ 155 $ 213 $ 31 $ 35,176 $ 510 Supplemental segment data and reconciliations to consolidated external reporting for the six months ended June 30 was as follows: (Millions of dollars) 2015 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at June 30, 2015 Capital expenditures North America $ 574 $ 190 $ 127 $ 201 $ 2 $ 14,352 $ 454 Europe and CPF 217 66 34 41 19 7,354 52 Asia/Pacific 157 35 58 10 20 4,290 17 Latin America 203 39 59 54 21 4,151 43 Mining 200 40 28 116 2 2,992 69 Total Segments 1,351 370 306 422 64 33,139 635 Unallocated 36 (46 ) 32 — — 1,762 — Timing (15 ) (14 ) — — 3 26 1 Methodology — 27 (37 ) — — (215 ) — Inter-segment Eliminations — — — — — (220 ) — Total $ 1,372 $ 337 $ 301 $ 422 $ 67 $ 34,492 $ 636 2014 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at December 31, 2014 Capital expenditures North America $ 512 $ 167 $ 115 $ 167 $ 9 $ 13,661 $ 478 Europe and CPF 253 75 47 51 19 7,601 64 Asia/Pacific 187 72 58 12 14 4,767 17 Latin America 217 63 64 53 4 4,676 60 Mining 246 33 34 143 21 3,161 158 Total Segments 1,415 410 318 426 67 33,866 777 Unallocated 38 (34 ) 23 1 3 1,648 1 Timing (14 ) (2 ) — — (2 ) 120 1 Methodology — 16 (24 ) — — (215 ) — Inter-segment Eliminations — — — — — (243 ) — Total $ 1,439 $ 390 $ 317 $ 427 $ 68 $ 35,176 $ 779

Guarantees

Guarantees	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Guarantees	Guarantees We provide loan guarantees to third-party lenders for financing associated with machinery purchased by customers. These guarantees have varying terms and are secured by the machinery being financed. In addition, we participate in standby letters of credit issued to third parties on behalf of our customers. These standby letters of credit have varying terms and beneficiaries and are secured by customer assets. No significant loss has been experienced or is anticipated under any of these guarantees. At June 30, 2015 and December 31, 2014 , the related liability was $1 million . The maximum potential amount of future payments (undiscounted and without reduction for any amounts that may possibly be recovered under recourse or collateralized provisions) we could be required to make under the guarantees was $56 million and $42 million at June 30, 2015 and December 31, 2014 , respectively. We provide guarantees to repurchase certain loans of Caterpillar dealers from a special purpose corporation (SPC) that qualifies as a VIE (see Note 1 for additional information regarding the accounting guidance on the consolidation of VIEs). The purpose of the SPC is to provide short-term working capital loans to Caterpillar dealers. This SPC issues commercial paper and uses the proceeds to fund its loan program. We have a loan purchase agreement with the SPC that obligates us to purchase certain loans that are not paid at maturity. We receive a fee for providing this guarantee, which provides a source of liquidity for the SPC. We are the primary beneficiary of the SPC as our guarantees result in us having both the power to direct the activities that most significantly impact the SPC's economic performance and the obligation to absorb losses and therefore we have consolidated the financial statements of the SPC. As of June 30, 2015 and December 31, 2014 , the SPC’s assets of $1.19 billion and $1.09 billion , respectively, are primarily comprised of loans to dealers, which are included in Retail notes receivable in the Consolidated Statements of Financial Position, and the SPC's liabilities of $1.19 billion and $1.08 billion , respectively, are primarily comprised of commercial paper, which is included in Short-term borrowings in the Consolidated Statements of Financial Position. The assets of the SPC are not available to pay our creditors. We may be obligated to perform under the guarantee if the SPC experiences losses. No loss has been experienced or is anticipated under this loan purchase agreement.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements A. Fair Value Measurements The guidance on fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. This guidance also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. In accordance with this guidance, fair value measurements are classified under the following hierarchy: • Level 1 – Quoted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. • Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. When available, we use quoted market prices to determine fair value and we classify such measurements within Level 1. In some cases where market prices are not available, we make use of observable market-based inputs to calculate fair value, in which case the measurements are classified within Level 2. If quoted or observable market prices are not available, fair value is based upon internally developed models that use, where possible, current market-based parameters such as interest rates, yield curves and currency rates. These measurements are classified within Level 3. Fair value measurements are classified according to the lowest level input or value-driver that is significant to the valuation. A measurement may therefore be classified within Level 3 even though there may be significant inputs that are readily observable. Fair value measurement includes the consideration of nonperformance risk. Nonperformance risk refers to the risk that an obligation (either by a counterparty or us) will not be fulfilled. For financial assets traded in an active market (Level 1), the nonperformance risk is included in the market price. For certain other financial assets and liabilities (Level 2 and 3), our fair value calculations have been adjusted accordingly. Derivative financial instruments The fair value of interest rate swap derivatives is primarily based on standard industry accepted models that utilize the appropriate market-based forward swap curves and zero-coupon interest rates to determine discounted cash flows. The fair value of foreign currency forward and cross currency contracts is based on a standard industry accepted valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate. Guarantees The fair value of guarantees is based on our estimate of the premium a market participant would require to issue the same guarantee in a stand-alone, arms-length transaction with an unrelated party. If quoted or observable market prices are not available, fair value is based upon internally developed models that utilize current market-based assumptions. Assets and liabilities measured on a recurring basis at fair value included in our Consolidated Statements of Financial Position are summarized below: (Millions of dollars) June 30, 2015 Level 1 Level 2 Level 3 Total Assets/Liabilities, at Fair Value Assets Derivative financial instruments, net $ — $ 84 $ — $ 84 Total Assets $ — $ 84 $ — $ 84 Liabilities Guarantees $ — $ — $ 1 $ 1 Total Liabilities $ — $ — $ 1 $ 1 December 31, 2014 Level 1 Level 2 Level 3 Total Assets/Liabilities, at Fair Value Assets Derivative financial instruments, net $ — $ 78 $ — $ 78 Total Assets $ — $ 78 $ — $ 78 Liabilities Guarantees $ — $ — $ 1 $ 1 Total Liabilities $ — $ — $ 1 $ 1 Below are roll-forwards of liabilities measured at fair value using Level 3 inputs for the six months ended June 30, 2015 and 2014 . These instruments were valued using pricing models that, in management’s judgment, reflect the assumptions of a marketplace participant. (Millions of dollars) Guarantees Balance as of December 31, 2014 $ 1 Issuance of guarantees — Expiration of guarantees — Balance as of June 30, 2015 $ 1 (Millions of dollars) Guarantees Balance as of December 31, 2013 $ 1 Issuance of guarantees — Expiration of guarantees — Balance as of June 30, 2014 $ 1 Impaired loans In addition to the amounts above, our impaired loans are subject to measurement at fair value on a nonrecurring basis. A loan is considered impaired when management determines that collection of contractual amounts due is not probable. In these cases, an Allowance for credit losses may be established based primarily on the fair value of associated collateral. As the collateral's fair value is based on observable market prices and/or current appraised values, the impaired loans are classified as Level 2 measurements. We had impaired loans carried at the fair value of the underlying collateral value of $136 million and $248 million as of June 30, 2015 and December 31, 2014 , respectively. B. Fair Values of Financial Instruments In addition to the methods and assumptions we use to record the fair value of financial instruments as discussed in the Fair Value Measurements section above, we used the following methods and assumptions to estimate the fair value of our financial instruments. Cash and cash equivalents – carrying amount approximated fair value. Finance receivables, net – fair value was estimated by discounting the future cash flows using current rates representative of receivables with similar remaining maturities. Restricted cash and cash equivalents – carrying amount approximated fair value. Short-term borrowings – carrying amount approximated fair value. Long-term debt – fair value for fixed and floating-rate debt was estimated based on quoted market prices. Please refer to the table below for the fair values of our financial instruments. (Millions of dollars) June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Fair Value Levels Reference Cash and cash equivalents $ 1,129 $ 1,129 $ 857 $ 857 1 Foreign currency contracts: In a receivable position $ 5 $ 5 $ 5 $ 5 2 Note 5 In a payable position $ (6 ) $ (6 ) $ (15 ) $ (15 ) 2 Note 5 Cross currency contracts In a receivable position $ 26 $ 26 $ 17 $ 17 2 Note 5 Finance receivables, net (excluding finance leases (1) ) $ 21,067 $ 20,834 $ 21,434 $ 21,093 3 Note 4 Restricted cash and cash equivalents (2) $ 16 $ 16 $ 11 $ 11 1 Short-term borrowings $ (6,226 ) $ (6,226 ) $ (4,699 ) $ (4,699 ) 1 Long-term debt $ (22,571 ) $ (23,010 ) $ (24,574 ) $ (25,103 ) 2 Interest rate swaps: In a net receivable position $ 64 $ 64 $ 79 $ 79 2 Note 5 In a net payable position $ (5 ) $ (5 ) $ (8 ) $ (8 ) 2 Note 5 Guarantees $ (1 ) $ (1 ) $ (1 ) $ (1 ) 3 Note 7 (1) As of June 30, 2015 and December 31, 2014 , represents finance leases with a net carrying value of $7.08 billion and $7.64 billion , respectively. (2) Included in Other assets in the Consolidated Statements of Financial Position.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies We are involved in unresolved legal actions that arise in the normal course of business. Although it is not possible to predict with certainty the outcome of our unresolved legal actions, we believe that these unresolved legal actions will neither individually nor in the aggregate have a material adverse effect on our consolidated results of operations, financial position or liquidity.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Provision for income taxes reflects an estimated annual tax rate of 29 percent in the second quarter of 2015 compared with 27 percent in the second quarter of 2014 . The increase in the estimated annual tax rate is primarily due to changes in the geographic mix of pre-tax profits.

Critical Accounting Policies (P

Critical Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Residual values for leased assets	Residual values for leased assets Lease residual values are an estimate of the market value of leased equipment at the end of the lease term and are based on an analysis of historical wholesale market sales prices, projected forward on a level trend line without consideration for inflation or possible future pricing action. At the inception of the lease, residual values are estimated with consideration of the following critical factors: market size and demand, any known significant market/product trends, total expected hours of usage, machine configuration, application, location, model changes, quantities and past re-marketing experience, third-party residual guarantees and contractual customer purchase options. Many of these factors are gathered in an application survey that is completed prior to quotation. The lease agreement also clearly defines applicable return conditions and remedies for non-compliance, to ensure that the leased equipment will be in good operating condition upon return. Model changes and updates, as well as market strength and product acceptance, are monitored and adjustments are made to residual values in accordance with the significance of any such changes. Remarketing sales staff works closely with customers and dealers to manage the sale of lease returns and the recovery of residual exposure. During the term of the leases, residual values are monitored. If estimated end-of-term market values of leased equipment reflect a non-temporary impairment due to economic factors, obsolescence or other adverse circumstances, the residual value of the leased equipment is adjusted so that the carrying value at end of lease term will approximate the estimated end-of-term market value. For equipment on operating leases, adjustments are made on a straight-line basis over the remaining term of the lease through depreciation expense. For finance leases, adjustments are recognized at the time of assessment through a reduction of finance revenue.
Allowance for credit losses	Allowance for credit losses The Allowance for credit losses is an estimate of the losses inherent in our finance receivable portfolio and includes consideration of accounts that have been individually identified as impaired, as well as pools of finance receivables where it is probable that certain receivables in the pool are impaired but the individual accounts cannot yet be identified. In identifying and measuring impairment, management takes into consideration past loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of underlying collateral and current economic conditions. In estimating probable credit losses, we review accounts that are past due, non-performing, in bankruptcy or otherwise identified as at-risk for potential credit loss including accounts which have been modified. Accounts are identified as at-risk for potential credit loss using information available about the customer, such as financial statements, news reports and published credit ratings, as well as general information regarding industry trends and the economic environment in which our customers operate. The Allowance for credit losses attributable to specific accounts is based on the most probable source of repayment, which is normally the liquidation of collateral. In determining collateral value, we estimate the current fair market value of the collateral less selling costs. We also consider credit enhancements such as additional collateral and contractual third-party guarantees. The Allowance for credit losses attributable to the remaining accounts not yet individually identified as impaired is estimated utilizing probabilities of default and the estimated loss given default. In addition, qualitative factors not able to be fully captured in previous analysis including industry trends, macroeconomic factors and model imprecision are considered in the evaluation of the adequacy of the Allowance for credit losses. These qualitative factors are subjective and require a degree of management judgment. While management believes it has exercised prudent judgment and applied reasonable assumptions, there can be no assurance that in the future, changes in economic conditions or other factors would not cause changes in the financial health of our customers. If the financial health of our customers deteriorates, the timing and level of payments received could be impacted and therefore, could result in a change to our estimated losses. Please see Item 4 for discussion of a material weakness in our internal control over financial reporting relating to the Allowance for credit losses and our related remediation plan.
Income taxes	Income taxes We are subject to the income tax laws of the many jurisdictions in which we operate. These tax laws are complex and the manner in which they apply to our facts is sometimes open to interpretation. In establishing the Provision for income taxes, we must make judgments about the application of these inherently complex tax laws. Despite our belief that our tax return positions are consistent with applicable tax laws, we believe that taxing authorities could challenge certain positions. Settlement of any challenge can result in no change, a complete disallowance, or some partial adjustment reached through negotiations or litigation. We record tax benefits for uncertain tax positions based upon management's evaluation of the information available at the reporting date. To be recognized in the financial statements, a tax benefit must be at least more likely than not of being sustained based on the technical merits of the position. The benefit for positions meeting the recognition threshold is measured as the largest benefit more likely than not of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Significant judgment is required in making these determinations and adjustments to unrecognized tax benefits may be necessary to reflect actual taxes payable upon settlement. Adjustments related to positions impacting the effective tax rate affect the Provision for income taxes. Adjustments related to positions impacting the timing of income or deductions impact deferred tax assets and liabilities. Our income tax positions and analysis are based on currently enacted tax law. Future changes in tax law could significantly impact the Provision for income taxes, the amount of taxes payable and the deferred tax asset and liability balances. Deferred tax assets generally represent tax benefits for tax deductions or credits available in future tax returns. Certain estimates and assumptions are required to determine whether it is more likely than not that all or some portion of the benefit of a deferred tax asset will not be realized. In making this assessment, management analyzes and estimates the impact of future taxable income, reversing temporary differences and available prudent and feasible tax planning strategies. Should a change in facts or circumstances lead to a change in judgment about the realizability of a deferred tax asset, we record or adjust the related valuation allowance in the period that the change in facts and circumstances occurs, along with a corresponding increase or decrease in the Provision for income taxes. A provision for U.S. income taxes has not been recorded on undistributed profits of our non-U.S. subsidiaries that we have determined to be indefinitely reinvested outside the U.S. If management intentions or U.S. tax law changes in the future, there may be a significant negative impact on the Provision for income taxes to record an incremental tax liability in the period the change occurs. A deferred tax asset is recognized only if we have definite plans to generate a U.S. tax benefit by repatriating earnings in the foreseeable future. Income taxes are based on the statutory tax rate of the jurisdiction where earnings are subject to taxation which may differ from the jurisdiction where that entity is incorporated. Taxes are paid in the jurisdictions where earnings are subject to taxation. The effective tax rate differs from the U.S. statutory rate primarily due to results of non-U.S. subsidiaries being subject to statutory tax rates which are generally lower than the U.S. rate of 35%.

Accumulated Other Comprehensi20

Accumulated Other Comprehensive Income/(Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated other comprehensive income/(loss)	Changes in Accumulated other comprehensive income/(loss), net of tax, included in the Consolidated Statements of Changes in Stockholder's Equity, consisted of the following: (Millions of dollars) Foreign currency translation Derivative financial instruments Total Three Months Ended June 30, 2014 Balance at March 31, 2014 $ 127 $ (6 ) $ 121 Other comprehensive income/(loss) before reclassifications 32 (2 ) 30 Amounts reclassified from accumulated other comprehensive income/(loss) — 1 1 Other comprehensive income/(loss) 32 (1 ) 31 Balance at June 30, 2014 $ 159 $ (7 ) $ 152 Three Months Ended June 30, 2015 Balance at March 31, 2015 $ (760 ) $ (3 ) $ (763 ) Other comprehensive income/(loss) before reclassifications 134 — 134 Amounts reclassified from accumulated other comprehensive income/(loss) — 1 1 Other comprehensive income/(loss) 134 1 135 Balance at June 30, 2015 $ (626 ) $ (2 ) $ (628 ) Six Months Ended June 30, 2014 Balance at December 31, 2013 $ 122 $ (5 ) $ 117 Other comprehensive income/(loss) before reclassifications 37 (4 ) 33 Amounts reclassified from accumulated other comprehensive income/(loss) — 2 2 Other comprehensive income/(loss) 37 (2 ) 35 Balance at June 30, 2014 $ 159 $ (7 ) $ 152 Six Months Ended June 30, 2015 Balance at December 31, 2014 $ (359 ) $ (5 ) $ (364 ) Other comprehensive income/(loss) before reclassifications (267 ) 1 (266 ) Amounts reclassified from accumulated other comprehensive income/(loss) — 2 2 Other comprehensive income/(loss) (267 ) 3 (264 ) Balance at June 30, 2015 $ (626 ) $ (2 ) $ (628 )
Reclassifications out of Accumulated other comprehensive income/(loss)	The effect of the reclassifications out of Accumulated other comprehensive income/(loss) on the Consolidated Statements of Profit was as follows: (Millions of dollars) Three Months Ended Six Months Ended Classification of income (expense) 2015 2014 2015 2014 Foreign exchange contracts Other income (expense) $ — $ — $ — $ — Interest rate contracts Interest expense (2 ) (1 ) (3 ) (2 ) Reclassifications before tax (2 ) (1 ) (3 ) (2 ) Tax (provision) benefit 1 — 1 — Total reclassifications from Accumulated other comprehensive income/(loss) $ (1 ) $ (1 ) $ (2 ) $ (2 )

Financing Activities (Tables)

Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Impaired finance receivables	Individually impaired finance receivables for the Customer portfolio segment were as follows: (Millions of dollars) As of June 30, 2015 As of December 31, 2014 Impaired Finance Receivables With No Allowance Recorded Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Customer North America $ 11 $ 11 $ — $ 14 $ 14 $ — Europe 43 42 — 44 43 — Asia/Pacific 1 1 — 2 2 — Mining 66 66 — 29 29 — Latin America 32 32 — 34 34 — Caterpillar Power Finance 149 149 — 129 128 — Total $ 302 $ 301 $ — $ 252 $ 250 $ — Impaired Finance Receivables With An Allowance Recorded Customer North America $ 6 $ 6 $ 2 $ 6 $ 6 $ 1 Europe 15 13 5 12 12 4 Asia/Pacific 70 70 19 29 29 8 Mining 23 23 6 138 137 9 Latin America 54 54 20 42 42 12 Caterpillar Power Finance 138 137 46 135 134 41 Total $ 306 $ 303 $ 98 $ 362 $ 360 $ 75 Total Impaired Finance Receivables Customer North America $ 17 $ 17 $ 2 $ 20 $ 20 $ 1 Europe 58 55 5 56 55 4 Asia/Pacific 71 71 19 31 31 8 Mining 89 89 6 167 166 9 Latin America 86 86 20 76 76 12 Caterpillar Power Finance 287 286 46 264 262 41 Total $ 608 $ 604 $ 98 $ 614 $ 610 $ 75 (Millions of dollars) Three Months Ended Three Months Ended Impaired Finance Receivables With No Allowance Recorded Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Customer North America $ 12 $ — $ 22 $ — Europe 42 — 47 — Asia/Pacific 3 — 4 — Mining 80 1 87 1 Latin America 32 — 37 — Caterpillar Power Finance 176 1 162 1 Total $ 345 $ 2 $ 359 $ 2 Impaired Finance Receivables With An Allowance Recorded Customer North America $ 6 $ — $ 13 $ — Europe 15 1 16 — Asia/Pacific 41 1 14 1 Mining 62 — 73 2 Latin America 51 — 27 — Caterpillar Power Finance 132 1 63 — Total $ 307 $ 3 $ 206 $ 3 Total Impaired Finance Receivables Customer North America $ 18 $ — $ 35 $ — Europe 57 1 63 — Asia/Pacific 44 1 18 1 Mining 142 1 160 3 Latin America 83 — 64 — Caterpillar Power Finance 308 2 225 1 Total $ 652 $ 5 $ 565 $ 5 (Millions of dollars) Six Months Ended Six Months Ended Impaired Loans and Finance Leases With No Allowance Recorded Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Customer North America $ 13 $ — $ 23 $ 1 Europe 43 — 47 — Asia/Pacific 3 — 5 — Mining 87 3 107 3 Latin America 32 — 26 — Caterpillar Power Finance 151 2 188 3 Total $ 329 $ 5 $ 396 $ 7 Impaired Loans and Finance Leases With An Allowance Recorded Customer North America $ 6 $ — $ 11 $ — Europe 14 1 18 — Asia/Pacific 34 1 15 1 Mining 66 1 51 2 Latin America 49 1 30 — Caterpillar Power Finance 131 1 75 1 Total $ 300 $ 5 $ 200 $ 4 Total Impaired Loans and Finance Leases Customer North America $ 19 $ — $ 34 $ 1 Europe 57 1 65 — Asia/Pacific 37 1 20 1 Mining 153 4 158 5 Latin America 81 1 56 — Caterpillar Power Finance 282 3 263 4 Total $ 629 $ 10 $ 596 $ 11
Investment in customer finance receivables on non-accrual status	The investment in Customer finance receivables on non-accrual status was as follows: (Millions of dollars) June 30, December 31, Customer North America $ 28 $ 27 Europe 40 28 Asia/Pacific 40 54 Mining 155 62 Latin America 236 201 Caterpillar Power Finance 119 96 Total $ 618 $ 468
Aging related to finance receivables	Aging related to finance receivables was as follows: (Millions of dollars) June 30, 2015 31-60 Days Past Due 61-90 Days Past Due 91+ Days Past Due Total Past Due Current Total Finance Receivables 91+ Still Accruing Customer North America $ 56 $ 17 $ 29 $ 102 $ 7,608 $ 7,710 $ 6 Europe 22 15 38 75 2,434 2,509 6 Asia/Pacific 58 25 50 133 2,380 2,513 14 Mining 2 — 72 74 1,878 1,952 10 Latin America 90 45 223 358 2,134 2,492 — Caterpillar Power Finance 2 1 89 92 3,020 3,112 1 Dealer North America — — — — 3,462 3,462 — Europe — — — — 403 403 — Asia/Pacific — — — — 627 627 — Mining — — — — 3 3 — Latin America — — — — 765 765 — Caterpillar Power Finance — — — — 3 3 — Caterpillar Purchased Receivables North America 20 4 1 25 1,856 1,881 1 Europe 3 3 5 11 392 403 — Asia/Pacific — — — — 361 361 — Mining — — — — — — — Latin America — — — — 345 345 — Caterpillar Power Finance 2 — — 2 10 12 — Total $ 255 $ 110 $ 507 $ 872 $ 27,681 $ 28,553 $ 38 (Millions of dollars) December 31, 2014 31-60 Days Past Due 61-90 Days Past Due 91+ Days Past Due Total Past Due Current Total Finance Receivables 91+ Still Accruing Customer North America $ 46 $ 8 $ 27 $ 81 $ 7,291 $ 7,372 $ 4 Europe 16 23 29 68 2,607 2,675 6 Asia/Pacific 29 22 69 120 2,773 2,893 16 Mining 28 — 11 39 2,084 2,123 — Latin America 55 23 196 274 2,583 2,857 8 Caterpillar Power Finance 1 4 64 69 3,079 3,148 1 Dealer North America — — — — 3,209 3,209 — Europe — — — — 467 467 — Asia/Pacific — — — — 637 637 — Mining — — — — 3 3 — Latin America — — — — 853 853 — Caterpillar Power Finance — — — — — — — Caterpillar Purchased Receivables North America 23 5 1 29 1,916 1,945 1 Europe 4 1 5 10 429 439 1 Asia/Pacific — — — — 401 401 — Mining — — — — — — — Latin America 6 5 — 11 420 431 — Caterpillar Power Finance — — 1 1 21 22 1 Total $ 208 $ 91 $ 403 $ 702 $ 28,773 $ 29,475 $ 38
Allowance for credit losses and recorded investment in finance receivables	An analysis of the Allowance for credit losses was as follows: (Millions of dollars) June 30, 2015 Allowance for Credit Losses: Customer Dealer Caterpillar Purchased Receivables Total Balance at beginning of year $ 388 $ 10 $ 3 $ 401 Receivables written off (72 ) — — (72 ) Recoveries on receivables previously written off 22 — — 22 Provision for credit losses 67 (1 ) — 66 Adjustment due to sale of receivables (1 ) — — (1 ) Foreign currency translation adjustment (11 ) — — (11 ) Balance at end of period $ 393 $ 9 $ 3 $ 405 Individually evaluated for impairment $ 98 $ — $ — $ 98 Collectively evaluated for impairment 295 9 3 307 Ending Balance $ 393 $ 9 $ 3 $ 405 Recorded Investment in Finance Receivables: Individually evaluated for impairment $ 608 $ — $ — $ 608 Collectively evaluated for impairment 19,680 5,263 3,002 27,945 Ending Balance $ 20,288 $ 5,263 $ 3,002 $ 28,553 (Millions of dollars) December 31, 2014 Allowance for Credit Losses: Customer Dealer Caterpillar Purchased Receivables Total Balance at beginning of year $ 374 $ 10 $ 3 $ 387 Receivables written off (146 ) — — (146 ) Recoveries on receivables previously written off 47 — — 47 Provision for credit losses 136 — — 136 Adjustment due to sale of receivables (3 ) — — (3 ) Foreign currency translation adjustment (20 ) — — (20 ) Balance at end of year $ 388 $ 10 $ 3 $ 401 Individually evaluated for impairment $ 75 $ — $ — $ 75 Collectively evaluated for impairment 313 10 3 326 Ending Balance $ 388 $ 10 $ 3 $ 401 Recorded Investment in Finance Receivables: Individually evaluated for impairment $ 614 $ — $ — $ 614 Collectively evaluated for impairment 20,454 5,169 3,238 28,861 Ending Balance $ 21,068 $ 5,169 $ 3,238 $ 29,475
Recorded investment in performing and non-performing finance receivables	The recorded investment in performing and non-performing finance receivables was as follows: (Millions of dollars) June 30, 2015 Customer Dealer Caterpillar Purchased Receivables Total Performing North America $ 7,682 $ 3,462 $ 1,881 $ 13,025 Europe 2,469 403 398 3,270 Asia/Pacific 2,473 627 361 3,461 Mining 1,797 3 — 1,800 Latin America 2,256 765 345 3,366 Caterpillar Power Finance 2,993 3 12 3,008 Total Performing $ 19,670 $ 5,263 $ 2,997 $ 27,930 Non-Performing North America $ 28 $ — $ — $ 28 Europe 40 — 5 45 Asia/Pacific 40 — — 40 Mining 155 — — 155 Latin America 236 — — 236 Caterpillar Power Finance 119 — — 119 Total Non-Performing $ 618 $ — $ 5 $ 623 Total Performing and Non-Performing North America $ 7,710 $ 3,462 $ 1,881 $ 13,053 Europe 2,509 403 403 3,315 Asia/Pacific 2,513 627 361 3,501 Mining 1,952 3 — 1,955 Latin America 2,492 765 345 3,602 Caterpillar Power Finance 3,112 3 12 3,127 Total $ 20,288 $ 5,263 $ 3,002 $ 28,553 (Millions of dollars) December 31, 2014 Customer Dealer Caterpillar Purchased Receivables Total Performing North America $ 7,345 $ 3,209 $ 1,945 $ 12,499 Europe 2,647 467 435 3,549 Asia/Pacific 2,839 637 401 3,877 Mining 2,061 3 — 2,064 Latin America 2,656 853 431 3,940 Caterpillar Power Finance 3,052 — 22 3,074 Total Performing $ 20,600 $ 5,169 $ 3,234 $ 29,003 Non-Performing North America $ 27 $ — $ — $ 27 Europe 28 — 4 32 Asia/Pacific 54 — — 54 Mining 62 — — 62 Latin America 201 — — 201 Caterpillar Power Finance 96 — — 96 Total Non-Performing $ 468 $ — $ 4 $ 472 Total Performing and Non-Performing North America $ 7,372 $ 3,209 $ 1,945 $ 12,526 Europe 2,675 467 439 3,581 Asia/Pacific 2,893 637 401 3,931 Mining 2,123 3 — 2,126 Latin America 2,857 853 431 4,141 Caterpillar Power Finance 3,148 — 22 3,170 Total $ 21,068 $ 5,169 $ 3,238 $ 29,475
Finance receivables modified as TDRs	Finance receivables in the Customer portfolio segment modified as TDRs were as follows: (Dollars in millions) Three Months Ended Three Months Ended Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Customer North America 1 $ — $ — 1 $ — $ — Europe 19 2 2 5 2 2 Asia/Pacific 20 25 25 — — — Mining — — — 1 32 23 Latin America — — — 18 1 1 Caterpillar Power Finance 2 21 21 5 35 34 Total (1) 42 $ 48 $ 48 30 $ 70 $ 60 Six Months Ended Six Months Ended Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Customer North America 4 $ 1 $ 1 4 $ 2 $ 2 Europe 19 2 2 8 7 7 Asia/Pacific 20 25 25 — — — Mining — — — 2 43 33 Latin America — — — 28 31 30 Caterpillar Power Finance 4 104 101 6 36 35 Total (1) 47 $ 132 $ 129 48 $ 119 $ 107 (1) Modifications include extended contract maturities, inclusion of interest only periods, below market interest rates, extended skip payment periods and reduction of principal and/or accrued interest. TDRs in the Customer portfolio segment with a payment default during the three and six months ended June 30, 2015 and 2014 , which had been modified within twelve months prior to the default date, were as follows: (Dollars in millions) Three Months Ended Three Months Ended Number of Contracts Post-TDR Recorded Investment Number of Contracts Post-TDR Recorded Investment Customer North America 1 $ — — $ — Total 1 $ — — $ — Six Months Ended Six Months Ended Number of Contracts Post-TDR Recorded Investment Number of Contracts Post-TDR Recorded Investment Customer North America 5 $ 1 7 $ 1 Europe — — 7 1 Latin America 1 — — — Total 6 $ 1 14 $ 2

Derivative Financial Instrume22

Derivative Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Location and fair value of derivative instruments reported in the Consolidated Statements of Financial Position	The location and fair value of derivative instruments reported in the Consolidated Statements of Financial Position were as follows: (Millions of dollars) Asset (Liability) Fair Value Consolidated Statements of Financial Position Location June 30, December 31, Designated derivatives Interest rate contracts Other assets $ 64 $ 79 Interest rate contracts Accrued expenses (5 ) (8 ) $ 59 $ 71 Undesignated derivatives Foreign exchange contracts Other assets $ 5 $ 5 Foreign exchange contracts Accrued expenses (6 ) (15 ) Cross currency contracts Other assets 26 17 $ 25 $ 7
Deferred gains (losses) recorded in AOCI on the Consolidated Statements of Changes in Stockholder's Equity	For the six months ended June 30, 2015 and 2014 , the deferred gains (losses) recorded in AOCI on the Consolidated Statements of Changes in Stockholder’s Equity associated with our cash flow interest rate contract hedges were as follows: (Millions of dollars) Balance as of December 31, 2014, net of tax (expense)/benefit of $3 $ (5 ) Gains (losses) deferred during the period, net of tax (expense)/benefit of $(1) 1 (Gains) losses reclassified to earnings, net of tax expense/(benefit) of $(1) 2 Balance as of June 30, 2015, net of tax (expense)/benefit of $1 $ (2 ) (Millions of dollars) Balance as of December 31, 2013, net of tax (expense)/benefit of $3 $ (5 ) Gains (losses) deferred during the period, net of tax (expense)/benefit of $1 (4 ) (Gains) losses reclassified to earnings, net of tax expense/(benefit) of $0 2 Balance as of June 30, 2014, net of tax (expense)/benefit of $4 $ (7 )
Schedule of effect of derivatives designated as fair value hedging instruments in the Consolidated Statements of Profit	The effect of derivatives designated as hedging instruments on the Consolidated Statements of Profit was as follows: Fair Value Hedges (Millions of dollars) Three Months Ended Three Months Ended Classification Gains (Losses) on Derivatives Gains (Losses) on Borrowings Gains (Losses) on Derivatives Gains (Losses) on Borrowings Interest rate contracts Other income (expense) $ (13 ) $ 12 $ (6 ) $ 6 Six Months Ended Six Months Ended Classification Gains (Losses) on Derivatives Gains (Losses) on Borrowings Gains (Losses) on Derivatives Gains (Losses) on Borrowings Interest rate contracts Other income (expense) $ (14 ) $ 13 $ (19 ) $ 19
Schedule of effect of derivatives designated as cash flow hedging instruments in the Consolidated Statements of Profit	Cash Flow Hedges (Millions of dollars) Three Months Ended June 30, 2015 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (2 ) $ — Interest rate contracts Other income (expense) — — $ (2 ) $ — Three Months Ended June 30, 2014 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (1 ) $ — Interest rate contracts Other income (expense) — — $ (1 ) $ — Six Months Ended June 30, 2015 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (3 ) $ — Interest rate contracts Other income (expense) — — $ (3 ) $ — Six Months Ended June 30, 2014 Classification Reclassified from AOCI to Earnings (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts Interest expense $ (2 ) $ — Interest rate contracts Other income (expense) — — $ (2 ) $ —
Schedule of effect of derivatives not designated as hedging instruments on the Consolidated Statements of Profit	The effect of derivatives not designated as hedging instruments on the Consolidated Statements of Profit was as follows: Undesignated Derivatives (Millions of dollars) Three Months Ended June 30, Classification 2015 2014 Foreign exchange contracts Other income (expense) $ 6 $ (9 ) Cross currency contracts Other income (expense) (2 ) (3 ) $ 4 $ (12 ) Six Months Ended June 30, Classification 2015 2014 Foreign exchange contracts Other income (expense) $ (32 ) $ (10 ) Cross currency contracts Other income (expense) 8 (7 ) $ (24 ) $ (17 )
Schedule of offsetting of derivative assets and liabilities	The effect of net settlement provisions of the master netting agreements on our derivative balances upon an event of default or a termination event was as follows: Offsetting of Derivative Assets and Liabilities (Millions of dollars) June 30, December 31, Derivative Assets Gross Amount of Recognized Assets $ 95 $ 101 Gross Amounts Offset — — Net Amount of Assets (1) 95 101 Gross Amounts Not Offset (7 ) (8 ) Net Amount $ 88 $ 93 Derivative Liabilities Gross Amount of Recognized Liabilities $ (11 ) $ (23 ) Gross Amounts Offset — — Net Amount of Liabilities (1) (11 ) (23 ) Gross Amounts Not Offset 7 8 Net Amount $ (4 ) $ (15 ) (1) As presented in the Consolidated Statements of Financial Position.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Supplemental segment data and reconciliations to consolidated external reporting for the three months ended June 30 was as follows: (Millions of dollars) 2015 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at June 30, 2015 Capital expenditures North America $ 290 $ 93 $ 64 $ 100 $ 6 $ 14,352 $ 278 Europe and CPF 104 31 17 20 6 7,354 32 Asia/Pacific 77 15 27 5 11 4,290 13 Latin America 101 15 30 27 15 4,151 19 Mining 100 11 14 58 12 2,992 — Total Segments 672 165 152 210 50 33,139 342 Unallocated 18 (27 ) 16 — — 1,762 — Timing (7 ) (3 ) — — (1 ) 26 — Methodology — 15 (18 ) — — (215 ) — Inter-segment Eliminations — — — — — (220 ) — Total $ 683 $ 150 $ 150 $ 210 $ 49 $ 34,492 $ 342 2014 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at December 31, 2014 Capital expenditures North America $ 265 $ 90 $ 55 $ 87 $ 6 $ 13,661 $ 348 Europe and CPF 123 34 23 25 10 7,601 33 Asia/Pacific 95 34 30 6 7 4,767 7 Latin America 112 37 32 26 — 4,676 25 Mining 123 23 16 68 8 3,161 95 Total Segments 718 218 156 212 31 33,866 508 Unallocated 17 (21 ) 11 1 3 1,648 1 Timing (7 ) — — — (3 ) 120 1 Methodology — 11 (12 ) — — (215 ) — Inter-segment Eliminations — — — — — (243 ) — Total $ 728 $ 208 $ 155 $ 213 $ 31 $ 35,176 $ 510 Supplemental segment data and reconciliations to consolidated external reporting for the six months ended June 30 was as follows: (Millions of dollars) 2015 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at June 30, 2015 Capital expenditures North America $ 574 $ 190 $ 127 $ 201 $ 2 $ 14,352 $ 454 Europe and CPF 217 66 34 41 19 7,354 52 Asia/Pacific 157 35 58 10 20 4,290 17 Latin America 203 39 59 54 21 4,151 43 Mining 200 40 28 116 2 2,992 69 Total Segments 1,351 370 306 422 64 33,139 635 Unallocated 36 (46 ) 32 — — 1,762 — Timing (15 ) (14 ) — — 3 26 1 Methodology — 27 (37 ) — — (215 ) — Inter-segment Eliminations — — — — — (220 ) — Total $ 1,372 $ 337 $ 301 $ 422 $ 67 $ 34,492 $ 636 2014 Revenues Segment Profit Interest Expense Depreciation on equipment leased to others Provision for credit losses Segment Assets at December 31, 2014 Capital expenditures North America $ 512 $ 167 $ 115 $ 167 $ 9 $ 13,661 $ 478 Europe and CPF 253 75 47 51 19 7,601 64 Asia/Pacific 187 72 58 12 14 4,767 17 Latin America 217 63 64 53 4 4,676 60 Mining 246 33 34 143 21 3,161 158 Total Segments 1,415 410 318 426 67 33,866 777 Unallocated 38 (34 ) 23 1 3 1,648 1 Timing (14 ) (2 ) — — (2 ) 120 1 Methodology — 16 (24 ) — — (215 ) — Inter-segment Eliminations — — — — — (243 ) — Total $ 1,439 $ 390 $ 317 $ 427 $ 68 $ 35,176 $ 779

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value	Assets and liabilities measured on a recurring basis at fair value included in our Consolidated Statements of Financial Position are summarized below: (Millions of dollars) June 30, 2015 Level 1 Level 2 Level 3 Total Assets/Liabilities, at Fair Value Assets Derivative financial instruments, net $ — $ 84 $ — $ 84 Total Assets $ — $ 84 $ — $ 84 Liabilities Guarantees $ — $ — $ 1 $ 1 Total Liabilities $ — $ — $ 1 $ 1 December 31, 2014 Level 1 Level 2 Level 3 Total Assets/Liabilities, at Fair Value Assets Derivative financial instruments, net $ — $ 78 $ — $ 78 Total Assets $ — $ 78 $ — $ 78 Liabilities Guarantees $ — $ — $ 1 $ 1 Total Liabilities $ — $ — $ 1 $ 1
Roll-forwards of liabilities measured at fair value using Level 3 inputs	Below are roll-forwards of liabilities measured at fair value using Level 3 inputs for the six months ended June 30, 2015 and 2014 . These instruments were valued using pricing models that, in management’s judgment, reflect the assumptions of a marketplace participant. (Millions of dollars) Guarantees Balance as of December 31, 2014 $ 1 Issuance of guarantees — Expiration of guarantees — Balance as of June 30, 2015 $ 1 (Millions of dollars) Guarantees Balance as of December 31, 2013 $ 1 Issuance of guarantees — Expiration of guarantees — Balance as of June 30, 2014 $ 1
Fair values of financial instruments	Please refer to the table below for the fair values of our financial instruments. (Millions of dollars) June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Fair Value Levels Reference Cash and cash equivalents $ 1,129 $ 1,129 $ 857 $ 857 1 Foreign currency contracts: In a receivable position $ 5 $ 5 $ 5 $ 5 2 Note 5 In a payable position $ (6 ) $ (6 ) $ (15 ) $ (15 ) 2 Note 5 Cross currency contracts In a receivable position $ 26 $ 26 $ 17 $ 17 2 Note 5 Finance receivables, net (excluding finance leases (1) ) $ 21,067 $ 20,834 $ 21,434 $ 21,093 3 Note 4 Restricted cash and cash equivalents (2) $ 16 $ 16 $ 11 $ 11 1 Short-term borrowings $ (6,226 ) $ (6,226 ) $ (4,699 ) $ (4,699 ) 1 Long-term debt $ (22,571 ) $ (23,010 ) $ (24,574 ) $ (25,103 ) 2 Interest rate swaps: In a net receivable position $ 64 $ 64 $ 79 $ 79 2 Note 5 In a net payable position $ (5 ) $ (5 ) $ (8 ) $ (8 ) 2 Note 5 Guarantees $ (1 ) $ (1 ) $ (1 ) $ (1 ) 3 Note 7 (1) As of June 30, 2015 and December 31, 2014 , represents finance leases with a net carrying value of $7.08 billion and $7.64 billion , respectively. (2) Included in Other assets in the Consolidated Statements of Financial Position.

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ (763)	$ 121	$ (364)	$ 117
Other comprehensive income/(loss) before reclassifications	134	30	(266)	33
Amounts reclassified from accumulated other comprehensive income/(loss)	1	1	2	2
Other comprehensive income/(loss)	135	31	(264)	35
Balance at end of period	(628)	152	(628)	152
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(760)	127	(359)	122
Other comprehensive income/(loss) before reclassifications	134	32	(267)	37
Amounts reclassified from accumulated other comprehensive income/(loss)	0	0	0	0
Other comprehensive income/(loss)	134	32	(267)	37
Balance at end of period	(626)	159	(626)	159
Derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(3)	(6)	(5)	(5)
Other comprehensive income/(loss) before reclassifications	0	(2)	1	(4)
Amounts reclassified from accumulated other comprehensive income/(loss)	1	1	2	2
Other comprehensive income/(loss)	1	(1)	3	(2)
Balance at end of period	$ (2)	$ (7)	$ (2)	$ (7)

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income/(Loss) (Details 2) - Reclassifications out of Accumulated other comprehensive income/(loss) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)		$ (5)	$ (2)	$ (14)	$ (9)
Interest		(150)	(155)	(301)	(317)
Tax (provision) benefit		(46)	(58)	(98)	(106)
Total reclassifications from Accumulated other comprehensive income/(loss)	[1]	104	148	237	279
Derivative financial instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications before tax		(2)	(1)	(3)	(2)
Tax (provision) benefit		1	0	1	0
Total reclassifications from Accumulated other comprehensive income/(loss)		(1)	(1)	(2)	(2)
Derivative financial instruments | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)		0	0	0	0
Derivative financial instruments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest		$ (2)	$ (1)	$ (3)	$ (2)
[1]	Profit attributable to Caterpillar Financial Services Corporation.

Financing Activities (Details)

Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Receivables [Abstract]
Period after which collection of future income is considered as not probable			120 days
Customer
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	$ 302		$ 302		$ 252
Unpaid Principal Balance With No Allowance Recorded	301		301		250
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	306		306		362
Unpaid Principal Balance With An Allowance Recorded	303		303		360
Related Allowance With An Allowance Recorded	98		98		75
Recorded Investment, Total	608		608		614
Unpaid Principal Balance, Total	604		604		610
Related Allowance, Total	98		98		75
Average Recorded Investment With No Allowance Recorded	345	$ 359	329	$ 396
Interest Income Recognized With No Allowance Recorded	2	2	5	7
Average Recorded Investment With An Allowance Recorded	307	206	300	200
Interest Income Recognized With An Allowance Recorded	3	3	5	4
Average Recorded Investment, Total	652	565	629	596
Interest Income Recognized, Total	5	5	10	11
Customer | North America
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	11		11		14
Unpaid Principal Balance With No Allowance Recorded	11		11		14
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	6		6		6
Unpaid Principal Balance With An Allowance Recorded	6		6		6
Related Allowance With An Allowance Recorded	2		2		1
Recorded Investment, Total	17		17		20
Unpaid Principal Balance, Total	17		17		20
Related Allowance, Total	2		2		1
Average Recorded Investment With No Allowance Recorded	12	22	13	23
Interest Income Recognized With No Allowance Recorded	0	0	0	1
Average Recorded Investment With An Allowance Recorded	6	13	6	11
Interest Income Recognized With An Allowance Recorded	0	0	0	0
Average Recorded Investment, Total	18	35	19	34
Interest Income Recognized, Total	0	0	0	1
Customer | Europe
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	43		43		44
Unpaid Principal Balance With No Allowance Recorded	42		42		43
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	15		15		12
Unpaid Principal Balance With An Allowance Recorded	13		13		12
Related Allowance With An Allowance Recorded	5		5		4
Recorded Investment, Total	58		58		56
Unpaid Principal Balance, Total	55		55		55
Related Allowance, Total	5		5		4
Average Recorded Investment With No Allowance Recorded	42	47	43	47
Interest Income Recognized With No Allowance Recorded	0	0	0	0
Average Recorded Investment With An Allowance Recorded	15	16	14	18
Interest Income Recognized With An Allowance Recorded	1	0	1	0
Average Recorded Investment, Total	57	63	57	65
Interest Income Recognized, Total	1	0	1	0
Customer | Asia/Pacific
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	1		1		2
Unpaid Principal Balance With No Allowance Recorded	1		1		2
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	70		70		29
Unpaid Principal Balance With An Allowance Recorded	70		70		29
Related Allowance With An Allowance Recorded	19		19		8
Recorded Investment, Total	71		71		31
Unpaid Principal Balance, Total	71		71		31
Related Allowance, Total	19		19		8
Average Recorded Investment With No Allowance Recorded	3	4	3	5
Interest Income Recognized With No Allowance Recorded	0	0	0	0
Average Recorded Investment With An Allowance Recorded	41	14	34	15
Interest Income Recognized With An Allowance Recorded	1	1	1	1
Average Recorded Investment, Total	44	18	37	20
Interest Income Recognized, Total	1	1	1	1
Customer | Mining
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	66		66		29
Unpaid Principal Balance With No Allowance Recorded	66		66		29
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	23		23		138
Unpaid Principal Balance With An Allowance Recorded	23		23		137
Related Allowance With An Allowance Recorded	6		6		9
Recorded Investment, Total	89		89		167
Unpaid Principal Balance, Total	89		89		166
Related Allowance, Total	6		6		9
Average Recorded Investment With No Allowance Recorded	80	87	87	107
Interest Income Recognized With No Allowance Recorded	1	1	3	3
Average Recorded Investment With An Allowance Recorded	62	73	66	51
Interest Income Recognized With An Allowance Recorded	0	2	1	2
Average Recorded Investment, Total	142	160	153	158
Interest Income Recognized, Total	1	3	4	5
Customer | Latin America
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	32		32		34
Unpaid Principal Balance With No Allowance Recorded	32		32		34
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	54		54		42
Unpaid Principal Balance With An Allowance Recorded	54		54		42
Related Allowance With An Allowance Recorded	20		20		12
Recorded Investment, Total	86		86		76
Unpaid Principal Balance, Total	86		86		76
Related Allowance, Total	20		20		12
Average Recorded Investment With No Allowance Recorded	32	37	32	26
Interest Income Recognized With No Allowance Recorded	0	0	0	0
Average Recorded Investment With An Allowance Recorded	51	27	49	30
Interest Income Recognized With An Allowance Recorded	0	0	1	0
Average Recorded Investment, Total	83	64	81	56
Interest Income Recognized, Total	0	0	1	0
Customer | Caterpillar Power Finance
Financing Receivable, Impaired
Recorded Investment With No Allowance Recorded	149		149		129
Unpaid Principal Balance With No Allowance Recorded	149		149		128
Related Allowance With No Allowance Recorded	0		0		0
Recorded Investment With An Allowance Recorded	138		138		135
Unpaid Principal Balance With An Allowance Recorded	137		137		134
Related Allowance With An Allowance Recorded	46		46		41
Recorded Investment, Total	287		287		264
Unpaid Principal Balance, Total	286		286		262
Related Allowance, Total	46		46		41
Average Recorded Investment With No Allowance Recorded	176	162	151	188
Interest Income Recognized With No Allowance Recorded	1	1	2	3
Average Recorded Investment With An Allowance Recorded	132	63	131	75
Interest Income Recognized With An Allowance Recorded	1	0	1	1
Average Recorded Investment, Total	308	225	282	263
Interest Income Recognized, Total	2	1	3	4
Dealer
Financing Receivable, Impaired
Recorded Investment, Total	0		0		0
Average Recorded Investment, Total	0	0	0	0
Caterpillar Purchased Receivables
Financing Receivable, Impaired
Recorded Investment, Total	0		0		$ 0
Average Recorded Investment, Total	$ 0	$ 0	$ 0	$ 0

Financing Activities (Details 2

Financing Activities (Details 2) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Receivables [Abstract]
Period after which unpaid installments are considered as past due	30 days
Period after which collection of future income is considered as not probable	120 days
Financing Receivable, Recorded Investment, Past Due
Past Due	$ 872	$ 702
Current	27,681	28,773
Total gross finance receivables	28,553	29,475
91 Plus, Still Accruing	38	38
Investment in finance receivables on non-accrual status	618	468
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	255	208
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	110	91
91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	507	403
North America
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	13,053	12,526
Europe
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	3,315	3,581
Asia/Pacific
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	3,501	3,931
Mining
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	1,955	2,126
Latin America
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	3,602	4,141
Caterpillar Power Finance
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	3,127	3,170
Customer
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	20,288	21,068
Customer | North America
Financing Receivable, Recorded Investment, Past Due
Past Due	102	81
Current	7,608	7,291
Total gross finance receivables	7,710	7,372
91 Plus, Still Accruing	6	4
Investment in finance receivables on non-accrual status	28	27
Customer | North America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	56	46
Customer | North America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	17	8
Customer | North America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	29	27
Customer | Europe
Financing Receivable, Recorded Investment, Past Due
Past Due	75	68
Current	2,434	2,607
Total gross finance receivables	2,509	2,675
91 Plus, Still Accruing	6	6
Investment in finance receivables on non-accrual status	40	28
Customer | Europe | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	22	16
Customer | Europe | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	15	23
Customer | Europe | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	38	29
Customer | Asia/Pacific
Financing Receivable, Recorded Investment, Past Due
Past Due	133	120
Current	2,380	2,773
Total gross finance receivables	2,513	2,893
91 Plus, Still Accruing	14	16
Investment in finance receivables on non-accrual status	40	54
Customer | Asia/Pacific | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	58	29
Customer | Asia/Pacific | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	25	22
Customer | Asia/Pacific | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	50	69
Customer | Mining
Financing Receivable, Recorded Investment, Past Due
Past Due	74	39
Current	1,878	2,084
Total gross finance receivables	1,952	2,123
91 Plus, Still Accruing	10	0
Investment in finance receivables on non-accrual status	155	62
Customer | Mining | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	2	28
Customer | Mining | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Customer | Mining | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	72	11
Customer | Latin America
Financing Receivable, Recorded Investment, Past Due
Past Due	358	274
Current	2,134	2,583
Total gross finance receivables	2,492	2,857
91 Plus, Still Accruing	0	8
Investment in finance receivables on non-accrual status	236	201
Customer | Latin America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	90	55
Customer | Latin America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	45	23
Customer | Latin America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	223	196
Customer | Caterpillar Power Finance
Financing Receivable, Recorded Investment, Past Due
Past Due	92	69
Current	3,020	3,079
Total gross finance receivables	3,112	3,148
91 Plus, Still Accruing	1	1
Investment in finance receivables on non-accrual status	119	96
Customer | Caterpillar Power Finance | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	2	1
Customer | Caterpillar Power Finance | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	1	4
Customer | Caterpillar Power Finance | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	89	64
Dealer
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	5,263	5,169
Investment in finance receivables on non-accrual status	0	0
Dealer | North America
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	3,462	3,209
Total gross finance receivables	3,462	3,209
91 Plus, Still Accruing	0	0
Dealer | North America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | North America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | North America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Europe
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	403	467
Total gross finance receivables	403	467
91 Plus, Still Accruing	0	0
Dealer | Europe | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Europe | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Europe | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Asia/Pacific
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	627	637
Total gross finance receivables	627	637
91 Plus, Still Accruing	0	0
Dealer | Asia/Pacific | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Asia/Pacific | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Asia/Pacific | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Mining
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	3	3
Total gross finance receivables	3	3
91 Plus, Still Accruing	0	0
Dealer | Mining | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Mining | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Mining | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Latin America
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	765	853
Total gross finance receivables	765	853
91 Plus, Still Accruing	0	0
Dealer | Latin America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Latin America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Latin America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Caterpillar Power Finance
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	3	0
Total gross finance receivables	3	0
91 Plus, Still Accruing	0	0
Dealer | Caterpillar Power Finance | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Caterpillar Power Finance | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Dealer | Caterpillar Power Finance | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables
Financing Receivable, Recorded Investment, Past Due
Total gross finance receivables	3,002	3,238
Caterpillar Purchased Receivables | North America
Financing Receivable, Recorded Investment, Past Due
Past Due	25	29
Current	1,856	1,916
Total gross finance receivables	1,881	1,945
91 Plus, Still Accruing	1	1
Caterpillar Purchased Receivables | North America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	20	23
Caterpillar Purchased Receivables | North America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	4	5
Caterpillar Purchased Receivables | North America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	1	1
Caterpillar Purchased Receivables | Europe
Financing Receivable, Recorded Investment, Past Due
Past Due	11	10
Current	392	429
Total gross finance receivables	403	439
91 Plus, Still Accruing	0	1
Investment in finance receivables on non-accrual status	5	4
Caterpillar Purchased Receivables | Europe | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	3	4
Caterpillar Purchased Receivables | Europe | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	3	1
Caterpillar Purchased Receivables | Europe | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	5	5
Caterpillar Purchased Receivables | Asia/Pacific
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	361	401
Total gross finance receivables	361	401
91 Plus, Still Accruing	0	0
Caterpillar Purchased Receivables | Asia/Pacific | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Asia/Pacific | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Asia/Pacific | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Mining
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Current	0	0
Total gross finance receivables	0	0
91 Plus, Still Accruing	0	0
Caterpillar Purchased Receivables | Mining | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Mining | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Mining | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Latin America
Financing Receivable, Recorded Investment, Past Due
Past Due	0	11
Current	345	420
Total gross finance receivables	345	431
91 Plus, Still Accruing	0	0
Caterpillar Purchased Receivables | Latin America | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	6
Caterpillar Purchased Receivables | Latin America | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	5
Caterpillar Purchased Receivables | Latin America | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Caterpillar Power Finance
Financing Receivable, Recorded Investment, Past Due
Past Due	2	1
Current	10	21
Total gross finance receivables	12	22
91 Plus, Still Accruing	0	1
Caterpillar Purchased Receivables | Caterpillar Power Finance | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	2	0
Caterpillar Purchased Receivables | Caterpillar Power Finance | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	0	0
Caterpillar Purchased Receivables | Caterpillar Power Finance | 91 Plus Days Past Due
Financing Receivable, Recorded Investment, Past Due
Past Due	$ 0	$ 1

Financing Activities (Details 3

Financing Activities (Details 3) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses
Balance at beginning of year	$ 401	$ 387
Receivables written off	(72)	(146)
Recoveries on receivables previously written off	22	47
Provision for credit losses	66	136
Adjustment due to sale of receivables	(1)	(3)
Foreign currency translation adjustment	(11)	(20)
Balance at end of period	405	401
Allowance for Credit Losses
Individually evaluated for impairment			$ 98	$ 75
Collectively evaluated for impairment			307	326
Allowance, Ending Balance	401	387	405	401
Recorded Investment in Finance Receivables
Individually evaluated for impairment			608	614
Collectively evaluated for impairment			27,945	28,861
Recorded Investment in Finance Receivables, Ending Balance			28,553	29,475
Customer
Financing Receivable, Allowance for Credit Losses
Balance at beginning of year	388	374
Receivables written off	(72)	(146)
Recoveries on receivables previously written off	22	47
Provision for credit losses	67	136
Adjustment due to sale of receivables	(1)	(3)
Foreign currency translation adjustment	(11)	(20)
Balance at end of period	393	388
Allowance for Credit Losses
Individually evaluated for impairment			98	75
Collectively evaluated for impairment			295	313
Allowance, Ending Balance	388	374	393	388
Recorded Investment in Finance Receivables
Individually evaluated for impairment			608	614
Collectively evaluated for impairment			19,680	20,454
Recorded Investment in Finance Receivables, Ending Balance			20,288	21,068
Dealer
Financing Receivable, Allowance for Credit Losses
Balance at beginning of year	10	10
Receivables written off	0	0
Recoveries on receivables previously written off	0	0
Provision for credit losses	(1)	0
Adjustment due to sale of receivables	0	0
Foreign currency translation adjustment	0	0
Balance at end of period	9	10
Allowance for Credit Losses
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			9	10
Allowance, Ending Balance	10	10	9	10
Recorded Investment in Finance Receivables
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			5,263	5,169
Recorded Investment in Finance Receivables, Ending Balance			5,263	5,169
Caterpillar Purchased Receivables
Financing Receivable, Allowance for Credit Losses
Balance at beginning of year	3	3
Receivables written off	0	0
Recoveries on receivables previously written off	0	0
Provision for credit losses	0	0
Adjustment due to sale of receivables	0	0
Foreign currency translation adjustment	0	0
Balance at end of period	3	3
Allowance for Credit Losses
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			3	3
Allowance, Ending Balance	$ 3	$ 3	3	3
Recorded Investment in Finance Receivables
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			3,002	3,238
Recorded Investment in Finance Receivables, Ending Balance			$ 3,002	$ 3,238

Financing Activities (Details 4

Financing Activities (Details 4) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	$ 28,553	$ 29,475
Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	27,930	29,003
Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	623	472
North America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	13,053	12,526
North America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	13,025	12,499
North America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	28	27
Europe
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,315	3,581
Europe | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,270	3,549
Europe | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	45	32
Asia/Pacific
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,501	3,931
Asia/Pacific | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,461	3,877
Asia/Pacific | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	40	54
Mining
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,955	2,126
Mining | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,800	2,064
Mining | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	155	62
Latin America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,602	4,141
Latin America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,366	3,940
Latin America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	236	201
Caterpillar Power Finance
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,127	3,170
Caterpillar Power Finance | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,008	3,074
Caterpillar Power Finance | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	119	96
Customer
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	20,288	21,068
Customer | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	19,670	20,600
Customer | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	618	468
Customer | North America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	7,710	7,372
Customer | North America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	7,682	7,345
Customer | North America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	28	27
Customer | Europe
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,509	2,675
Customer | Europe | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,469	2,647
Customer | Europe | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	40	28
Customer | Asia/Pacific
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,513	2,893
Customer | Asia/Pacific | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,473	2,839
Customer | Asia/Pacific | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	40	54
Customer | Mining
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,952	2,123
Customer | Mining | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,797	2,061
Customer | Mining | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	155	62
Customer | Latin America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,492	2,857
Customer | Latin America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,256	2,656
Customer | Latin America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	236	201
Customer | Caterpillar Power Finance
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,112	3,148
Customer | Caterpillar Power Finance | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,993	3,052
Customer | Caterpillar Power Finance | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	119	96
Dealer
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	5,263	5,169
Dealer | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	5,263	5,169
Dealer | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | North America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,462	3,209
Dealer | North America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,462	3,209
Dealer | North America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | Europe
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	403	467
Dealer | Europe | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	403	467
Dealer | Europe | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | Asia/Pacific
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	627	637
Dealer | Asia/Pacific | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	627	637
Dealer | Asia/Pacific | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | Mining
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3	3
Dealer | Mining | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3	3
Dealer | Mining | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | Latin America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	765	853
Dealer | Latin America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	765	853
Dealer | Latin America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Dealer | Caterpillar Power Finance
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3	0
Dealer | Caterpillar Power Finance | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3	0
Dealer | Caterpillar Power Finance | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	3,002	3,238
Caterpillar Purchased Receivables | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	2,997	3,234
Caterpillar Purchased Receivables | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	5	4
Caterpillar Purchased Receivables | North America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,881	1,945
Caterpillar Purchased Receivables | North America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	1,881	1,945
Caterpillar Purchased Receivables | North America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Europe
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	403	439
Caterpillar Purchased Receivables | Europe | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	398	435
Caterpillar Purchased Receivables | Europe | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	5	4
Caterpillar Purchased Receivables | Asia/Pacific
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	361	401
Caterpillar Purchased Receivables | Asia/Pacific | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	361	401
Caterpillar Purchased Receivables | Asia/Pacific | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Mining
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Mining | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Mining | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Latin America
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	345	431
Caterpillar Purchased Receivables | Latin America | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	345	431
Caterpillar Purchased Receivables | Latin America | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	0	0
Caterpillar Purchased Receivables | Caterpillar Power Finance
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	12	22
Caterpillar Purchased Receivables | Caterpillar Power Finance | Performing
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	12	22
Caterpillar Purchased Receivables | Caterpillar Power Finance | Nonperforming
Recorded investment in finance receivables
Recorded Investment in Finance Receivables, Ending Balance	$ 0	$ 0

Financing Activities (Details 5

Financing Activities (Details 5) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)contracts	Jun. 30, 2014USD ($)contracts	Jun. 30, 2015USD ($)contracts	Jun. 30, 2014USD ($)contracts	Dec. 31, 2014USD ($)
Finance receivables modified as TDRs
Number of Contracts | contracts	42	30	47	48
Pre-TDR Recorded Investment	$ 48	$ 70	$ 132	$ 119
Post-TDR Recorded Investment	$ 48	$ 60	$ 129	$ 107
TDRs with a payment default which had been modified within twelve months prior to the default date
Number of Contracts | contracts	1	0	6	14
Post-TDR Recorded Investment	$ 0	$ 0	$ 1	$ 2
Remaining commitments	$ 0		$ 0		$ 0
Customer | North America
Finance receivables modified as TDRs
Number of Contracts | contracts	1	1	4	4
Pre-TDR Recorded Investment	$ 0	$ 0	$ 1	$ 2
Post-TDR Recorded Investment	$ 0	$ 0	$ 1	$ 2
TDRs with a payment default which had been modified within twelve months prior to the default date
Number of Contracts | contracts	1	0	5	7
Post-TDR Recorded Investment	$ 0	$ 0	$ 1	$ 1
Customer | Europe
Finance receivables modified as TDRs
Number of Contracts | contracts	19	5	19	8
Pre-TDR Recorded Investment	$ 2	$ 2	$ 2	$ 7
Post-TDR Recorded Investment	$ 2	$ 2	$ 2	$ 7
TDRs with a payment default which had been modified within twelve months prior to the default date
Number of Contracts | contracts			0	7
Post-TDR Recorded Investment			$ 0	$ 1
Customer | Asia/Pacific
Finance receivables modified as TDRs
Number of Contracts | contracts	20	0	20	0
Pre-TDR Recorded Investment	$ 25	$ 0	$ 25	$ 0
Post-TDR Recorded Investment	$ 25	$ 0	$ 25	$ 0
Customer | Mining
Finance receivables modified as TDRs
Number of Contracts | contracts	0	1	0	2
Pre-TDR Recorded Investment	$ 0	$ 32	$ 0	$ 43
Post-TDR Recorded Investment	$ 0	$ 23	$ 0	$ 33
Customer | Latin America
Finance receivables modified as TDRs
Number of Contracts | contracts	0	18	0	28
Pre-TDR Recorded Investment	$ 0	$ 1	$ 0	$ 31
Post-TDR Recorded Investment	$ 0	$ 1	$ 0	$ 30
TDRs with a payment default which had been modified within twelve months prior to the default date
Number of Contracts | contracts			1	0
Post-TDR Recorded Investment			$ 0	$ 0
Customer | Caterpillar Power Finance
Finance receivables modified as TDRs
Number of Contracts | contracts	2	5	4	6
Pre-TDR Recorded Investment	$ 21	$ 35	$ 104	$ 36
Post-TDR Recorded Investment	$ 21	$ 34	$ 101	$ 35
Dealer
Finance receivables modified as TDRs
Number of Contracts | contracts	0	0	0	0
Caterpillar Purchased Receivables
Finance receivables modified as TDRs
Number of Contracts | contracts	0	0	0	0

Financing Activities (Details 6

Financing Activities (Details 6) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Loans Managed, Securitized or Asset-backed Financing Arrangement
Off balance-sheet managed assets	$ 312		$ 316
Servicing liability	1		$ 1
Purchase of trade receivables from Caterpillar Entities
Amortization of receivables purchase discount	$ 116	$ 123

Derivative Financial Instrume33

Derivative Financial Instruments and Risk Management (Details) $ in Millions	Jun. 30, 2015USD ($)
Derivative
Deferred net losses, interest rate risk, to be reclassified from equity to current earnings over the next twelve months	$ 1

Derivative Financial Instrume34

Derivative Financial Instruments and Risk Management (Details 2) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value
Asset Fair Value	$ 95	$ 101
Liability Fair Value	(11)	(23)
Designated derivatives
Derivatives, Fair Value
Asset (Liability) Fair Value	59	71
Designated derivatives | Interest rate contracts | Other assets
Derivatives, Fair Value
Asset Fair Value	64	79
Designated derivatives | Interest rate contracts | Accrued expenses
Derivatives, Fair Value
Liability Fair Value	(5)	(8)
Undesignated derivatives
Derivatives, Fair Value
Asset (Liability) Fair Value	25	7
Undesignated derivatives | Foreign exchange contracts | Other assets
Derivatives, Fair Value
Asset Fair Value	5	5
Undesignated derivatives | Foreign exchange contracts | Accrued expenses
Derivatives, Fair Value
Liability Fair Value	(6)	(15)
Undesignated derivatives | Cross currency contracts | Other assets
Derivatives, Fair Value
Asset Fair Value	$ 26	$ 17

Derivative Financial Instrume35

Derivative Financial Instruments and Risk Management (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative
Derivative instruments, notional amount	$ 4,100	$ 5,250

Derivative Financial Instrume36

Derivative Financial Instruments and Risk Management (Details 4) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative
Balance at beginning of period, net of tax			$ (5)	$ (5)
Gains (losses) deferred during the period, net of tax	$ 0	$ (2)	1	(4)
(Gains) losses reclassified to earnings, net of tax	1	1	2	2
Balance at end of period, net of tax	(2)	(7)	(2)	(7)
Beginning balance, tax			3	3
Gains (losses) deferred during the period, tax	0	1	(1)	1
(Gains) losses reclassified to earnings, tax	(1)	0	(1)	0
Ending balance, tax	$ 1	$ 4	$ 1	$ 4

Derivative Financial Instrume37

Derivative Financial Instruments and Risk Management (Details 5) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Designated derivatives | Fair value hedges | Interest rate contracts | Other income (expense)
Derivative Instruments, Gain (Loss)
Gains (Losses) on Derivatives	$ (13)	$ (6)	$ (14)	$ (19)
Gains (Losses) on Borrowings	12	6	13	19
Designated derivatives | Cash flow hedges | Interest rate contracts
Derivative Instruments, Gain (Loss)
Amount of Gains (Losses) Reclassified from AOCI to Earnings (Effective Portion)	(2)	(1)	(3)	(2)
Recognized in Earnings (Ineffective Portion)	0	0	0	0
Designated derivatives | Cash flow hedges | Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss)
Amount of Gains (Losses) Reclassified from AOCI to Earnings (Effective Portion)	(2)	(1)	(3)	(2)
Recognized in Earnings (Ineffective Portion)	0	0	0	0
Designated derivatives | Cash flow hedges | Interest rate contracts | Other income (expense)
Derivative Instruments, Gain (Loss)
Amount of Gains (Losses) Reclassified from AOCI to Earnings (Effective Portion)	0	0	0	0
Recognized in Earnings (Ineffective Portion)	0	0	0	0
Undesignated derivatives
Derivative Instruments, Gain (Loss)
Gains (Losses) on Derivatives Not Designated as Hedging Instruments	4	(12)	(24)	(17)
Undesignated derivatives | Foreign exchange contracts | Other income (expense)
Derivative Instruments, Gain (Loss)
Gains (Losses) on Derivatives Not Designated as Hedging Instruments	6	(9)	(32)	(10)
Undesignated derivatives | Cross currency contracts | Other income (expense)
Derivative Instruments, Gain (Loss)
Gains (Losses) on Derivatives Not Designated as Hedging Instruments	$ (2)	$ (3)	$ 8	$ (7)

Derivative Financial Instrume38

Derivative Financial Instruments and Risk Management (Details 6) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Offsetting Assets and Liabilities [Abstract]
Gross Amount of Recognized Assets	$ 95	$ 101
Gross Amounts Offset	0	0
Net Amount of Assets	95	101
Gross Amounts Not Offset	(7)	(8)
Net Amount	88	93
Gross Amount of Recognized Liabilities	(11)	(23)
Gross Amounts Offset	0	0
Net Amount of Liabilities	(11)	(23)
Gross Amounts Not Offset	7	8
Net Amount	$ (4)	$ (15)

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information
Revenues	$ 683	$ 728	$ 1,372	$ 1,439
Segment Profit	150	208	337	390
Interest Expense	150	155	301	317
Depreciation on equipment leased to others	210	213	422	427
Provision for credit losses	49	31	67	68
Segment Assets	34,492		34,492		$ 35,176
Capital expenditures	342	510	636	779
Operating Segments
Segment Reporting Information
Revenues	672	718	1,351	1,415
Segment Profit	165	218	370	410
Interest Expense	152	156	306	318
Depreciation on equipment leased to others	210	212	422	426
Provision for credit losses	50	31	64	67
Segment Assets	33,139		33,139		33,866
Capital expenditures	342	508	635	777
Unallocated
Segment Reporting Information
Revenues	18	17	36	38
Segment Profit	(27)	(21)	(46)	(34)
Interest Expense	16	11	32	23
Depreciation on equipment leased to others	0	1	0	1
Provision for credit losses	0	3	0	3
Segment Assets	1,762		1,762		1,648
Capital expenditures	0	1	0	1
Timing
Segment Reporting Information
Revenues	(7)	(7)	(15)	(14)
Segment Profit	(3)	0	(14)	(2)
Interest Expense	0	0	0	0
Depreciation on equipment leased to others	0	0	0	0
Provision for credit losses	(1)	(3)	3	(2)
Segment Assets	26		26		120
Capital expenditures	0	1	1	1
Methodology
Segment Reporting Information
Revenues	0	0	0	0
Segment Profit	15	11	27	16
Interest Expense	(18)	(12)	(37)	(24)
Depreciation on equipment leased to others	0	0	0	0
Provision for credit losses	0	0	0	0
Segment Assets	(215)		(215)		(215)
Capital expenditures	0	0	0	0
Inter-segment Eliminations
Segment Reporting Information
Revenues	0	0	0	0
Segment Profit	0	0	0	0
Interest Expense	0	0	0	0
Depreciation on equipment leased to others	0	0	0	0
Provision for credit losses	0	0	0	0
Segment Assets	(220)		(220)		(243)
Capital expenditures	0	0	0	0
North America | Operating Segments
Segment Reporting Information
Revenues	290	265	574	512
Segment Profit	93	90	190	167
Interest Expense	64	55	127	115
Depreciation on equipment leased to others	100	87	201	167
Provision for credit losses	6	6	2	9
Segment Assets	14,352		14,352		13,661
Capital expenditures	278	348	454	478
Europe and CPF | Operating Segments
Segment Reporting Information
Revenues	104	123	217	253
Segment Profit	31	34	66	75
Interest Expense	17	23	34	47
Depreciation on equipment leased to others	20	25	41	51
Provision for credit losses	6	10	19	19
Segment Assets	7,354		7,354		7,601
Capital expenditures	32	33	52	64
Asia/Pacific | Operating Segments
Segment Reporting Information
Revenues	77	95	157	187
Segment Profit	15	34	35	72
Interest Expense	27	30	58	58
Depreciation on equipment leased to others	5	6	10	12
Provision for credit losses	11	7	20	14
Segment Assets	4,290		4,290		4,767
Capital expenditures	13	7	17	17
Latin America | Operating Segments
Segment Reporting Information
Revenues	101	112	203	217
Segment Profit	15	37	39	63
Interest Expense	30	32	59	64
Depreciation on equipment leased to others	27	26	54	53
Provision for credit losses	15	0	21	4
Segment Assets	4,151		4,151		4,676
Capital expenditures	19	25	43	60
Mining | Operating Segments
Segment Reporting Information
Revenues	100	123	200	246
Segment Profit	11	23	40	33
Interest Expense	14	16	28	34
Depreciation on equipment leased to others	58	68	116	143
Provision for credit losses	12	8	2	21
Segment Assets	2,992		2,992		$ 3,161
Capital expenditures	$ 0	$ 95	$ 69	$ 158

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Guarantees [Abstract]
Related liability	$ 1	$ 1
Guarantees, maximum potential amount of future payments	56	42
SPC's assets in Consolidated Statements of Financial Position	1,190	1,090
SPC's liabilities in Consolidated Statements of Financial Position	$ 1,190	$ 1,080

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Level 3
Liabilities
Guarantees	$ 1	$ 1
Recurring basis
Assets
Derivative financial instruments, net	84	78
Total Assets	84	78
Liabilities
Guarantees	1	1
Total Liabilities	1	1
Recurring basis | Level 1
Assets
Derivative financial instruments, net	0	0
Total Assets	0	0
Liabilities
Guarantees	0	0
Total Liabilities	0	0
Recurring basis | Level 2
Assets
Derivative financial instruments, net	84	78
Total Assets	84	78
Liabilities
Guarantees	0	0
Total Liabilities	0	0
Recurring basis | Level 3
Assets
Derivative financial instruments, net	0	0
Total Assets	0	0
Liabilities
Guarantees	1	1
Total Liabilities	$ 1	$ 1

Fair Value Measurements (Deta42

Fair Value Measurements (Details 2) - Level 3 - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 1	$ 1
Issuance of guarantees	0	0
Expiration of guarantees	0	0
Balance at end of period	$ 1	$ 1

Fair Value Measurements (Deta43

Fair Value Measurements (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of impaired loans	$ 136	$ 248

Fair Value Measurements (Deta44

Fair Value Measurements (Details 4) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Short-term borrowings	$ (6,226)	$ (4,699)
Fair Value, Level 1
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and cash equivalents	1,129	857
Restricted cash and cash equivalents	16	11
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Short-term borrowings	(6,226)	(4,699)
Fair Value, Level 2
Financial Instruments, Financial Assets, Balance Sheet Groupings
Foreign currency contracts, in a receivable position	5	5
Interest rate swaps, in a net receivable position	64	79
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Foreign currency contracts, in a payable position	(6)	(15)
Long-term debt	(23,010)	(25,103)
Interest rate swaps, in a net payable position	(5)	(8)
Fair Value, Level 3
Financial Instruments, Financial Assets, Balance Sheet Groupings
Finance receivables, net (excluding finance leases)	20,834	21,093
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Guarantees	(1)	(1)
Carrying Amount
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and cash equivalents	1,129	857
Foreign currency contracts, in a receivable position	5	5
Finance receivables, net (excluding finance leases)	21,067	21,434
Restricted cash and cash equivalents	16	11
Interest rate swaps, in a net receivable position	64	79
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Foreign currency contracts, in a payable position	(6)	(15)
Short-term borrowings	(6,226)	(4,699)
Long-term debt	(22,571)	(24,574)
Interest rate swaps, in a net payable position	(5)	(8)
Guarantees	(1)	(1)
Carrying amount of assets excluded from measurement at fair value
Financial Instruments, Financial Assets, Balance Sheet Groupings
Finance leases	7,080	7,640
Cross currency contracts | Fair Value, Level 2
Financial Instruments, Financial Assets, Balance Sheet Groupings
Foreign currency contracts, in a receivable position	26	17
Cross currency contracts | Carrying Amount
Financial Instruments, Financial Assets, Balance Sheet Groupings
Foreign currency contracts, in a receivable position	$ 26	$ 17

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Estimated annual tax rate	29.00%	27.00%

Uncategorized Items - cfsc-2015

Label	Element	Value
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 104
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 150