10-K Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0000764764-22-000029`
Period End Date	20211231
Filing Date	20220216
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	cfsc-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 51 Stockholders Equity 20 Comprehensive Income 21

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$424.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$479.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$337.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$411.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$610.00M	USD	Point-in-time
Finance receivables, net of Allowance for credit losses of $337 and $479	`LoansAndLeasesReceivableNetReportedAmount`	$26.57B	USD	Point-in-time
Finance receivables, net of Allowance for credit losses of $337 and $479	`LoansAndLeasesReceivableNetReportedAmount`	$27.18B	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$356.00M	USD	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$389.00M	USD	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$296.00M	USD	Point-in-time
Common stock - authorized	`CommonStockSharesAuthorized`	2,000.00	shares	Point-in-time
Common stock - authorized	`CommonStockSharesAuthorized`	2,000.00	shares	Point-in-time
Common stock - issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Equipment on operating leases, net	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$3.37B	USD	Point-in-time
Common stock - issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Equipment on operating leases, net	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$3.12B	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Other assets	`OtherAssets`	$1.28B	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Other assets	`OtherAssets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$32.39B	USD	Point-in-time
Total assets	`Assets`	$33.69B	USD	Point-in-time
Total assets	`Assets`	$31.99B	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$163.00M	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$144.00M	USD	Point-in-time
Payable to Caterpillar borrowings and other	`Payabletorelatedpartyborrowingsandother`	$95.00M	USD	Point-in-time
Payable to Caterpillar borrowings and other	`Payabletorelatedpartyborrowingsandother`	$1.09B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$233.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$400.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.39B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.00B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$6.31B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$7.73B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.25B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.29B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$885.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$926.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.41B	USD	Point-in-time
Total liabilities	`Liabilities`	$28.50B	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount)	`CommonStocksIncludingAdditionalPaidInCapital`	$745.00M	USD	Point-in-time
Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount)	`CommonStocksIncludingAdditionalPaidInCapital`	$745.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.14B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-774.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-845.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-595.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$211.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$197.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.85B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$32.39B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$31.99B	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Retail finance	`RetailFinanceRevenue`	$1.20B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.37B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.25B	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$942.00M	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$965.00M	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$1.04B	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$336.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$491.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$314.00M	USD	Annual
Other, net	`OtherIncome`	-	USD	Annual
Other, net	`OtherIncome`	$69.00M	USD	Annual
Other, net	`OtherIncome`	$109.00M	USD	Annual
Total revenues	`Revenues`	$2.56B	USD	Annual
Total revenues	`Revenues`	$2.97B	USD	Annual
Total revenues	`Revenues`	$2.55B	USD	Annual
Interest	`InterestExpense`	$455.00M	USD	Annual
Interest	`InterestExpense`	$591.00M	USD	Annual
Interest	`InterestExpense`	$787.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$755.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$813.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$758.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$516.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$433.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$528.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$70.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$162.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$266.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$43.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$36.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$36.00M	USD	Annual
Total expenses	`CostsAndExpenses`	$1.84B	USD	Annual
Total expenses	`CostsAndExpenses`	$2.31B	USD	Annual
Total expenses	`CostsAndExpenses`	$2.09B	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-25.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-24.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-23.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$434.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$628.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$695.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$196.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$126.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$178.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$22.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	Annual
Profit	`NetIncomeLoss`	$410.00M	USD	Annual
Profit	`NetIncomeLoss`	$505.00M	USD	Annual
Profit	`NetIncomeLoss`	$293.00M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$300.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$850.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$25.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-209.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$236.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$24.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$32.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.00M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-209.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$236.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$24.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$32.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-177.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$260.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$412.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$340.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$25.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$326.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$393.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$543.00M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.