10-K Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000764764-23-000016`
Period End Date	20221231
Filing Date	20230215
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	cfsc-20221231_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`	$337.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$479.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$346.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$610.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$868.00M	USD	Point-in-time
Finance receivables, net of Allowance for credit losses of $346 and $337	`NotesReceivableNet`	$27.18B	USD	Point-in-time
Finance receivables, net of Allowance for credit losses of $346 and $337	`NotesReceivableNet`	$26.44B	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
Common stock - authorized	`CommonStockSharesAuthorized`	2,000.00	shares	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`	$482.00M	USD	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`	$2.91B	USD	Point-in-time
Equipment on operating leases, net	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$3.12B	USD	Point-in-time
Common stock - issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Other assets	`OtherAssets`	$1.09B	USD	Point-in-time
Other assets	`OtherAssets`	$1.25B	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Total assets	`Assets`	$32.39B	USD	Point-in-time
Total assets	`Assets`	$31.99B	USD	Point-in-time
Total assets	`Assets`	$31.96B	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$163.00M	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$163.00M	USD	Point-in-time
Payable to Caterpillar borrowings and other	`Payabletorelatedpartyborrowingsandother`	$95.00M	USD	Point-in-time
Payable to Caterpillar borrowings and other	`Payabletorelatedpartyborrowingsandother`	$124.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$380.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$233.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.95B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.39B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$6.31B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$5.20B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.22B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.29B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$955.00M	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`	$28.99B	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`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`	$3.06B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.80B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-774.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-595.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.05B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$206.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$211.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.96B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$31.96B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$32.39B	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Retail finance	`RetailFinanceRevenue`	$1.25B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.20B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.23B	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$888.00M	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$942.00M	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$965.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$336.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$314.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$441.00M	USD	Annual
Other, net	`OtherIncome`	$176.00M	USD	Annual
Other, net	`OtherIncome`	$109.00M	USD	Annual
Other, net	`OtherIncome`	-	USD	Annual
Total revenues	`Revenues`	$2.73B	USD	Annual
Total revenues	`Revenues`	$2.55B	USD	Annual
Total revenues	`Revenues`	$2.56B	USD	Annual
Interest	`InterestExpense`	$566.00M	USD	Annual
Interest	`InterestExpense`	$591.00M	USD	Annual
Interest	`InterestExpense`	$455.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$758.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$755.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$718.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$433.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$531.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$528.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$266.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$70.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$81.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$36.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$24.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$43.00M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.09B	USD	Annual
Total expenses	`CostsAndExpenses`	$1.92B	USD	Annual
Total expenses	`CostsAndExpenses`	$1.84B	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-83.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-25.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-23.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$731.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$695.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$434.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$189.00M	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`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$542.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	Annual
Profit attributable to Caterpillar Financial Services Corporation	`NetIncomeLoss`	$293.00M	USD	Annual
Profit attributable to Caterpillar Financial Services Corporation	`NetIncomeLoss`	$535.00M	USD	Annual
Profit attributable to Caterpillar Financial Services Corporation	`NetIncomeLoss`	$505.00M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Profit of consolidated companies	`ProfitLoss`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$542.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$300.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$275.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$850.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-318.00M	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`	$33.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$24.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$32.00M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Profit of consolidated companies	`ProfitLoss`	$517.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$542.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$308.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-318.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-209.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$236.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$33.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$24.00M	USD	Annual
Derivative financial instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$32.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-285.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$260.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-177.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$257.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$340.00M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$25.00M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.00M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-5.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$262.00M	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`	$543.00M	USD	Annual

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