CATERPILLAR FINANCIAL SERVICES CORP
CIK:0000764764|SEC Filings
Consolidated Statements of Profit - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues: | ||||
| Retail finance | $ 490 | $ 459 | $ 977 | $ 900 |
| Operating lease | 239 | 227 | 477 | 455 |
| Wholesale finance | 213 | 170 | 391 | 323 |
| Other, net | 49 | 43 | 93 | 81 |
| Total revenues | 991 | 899 | 1,938 | 1,759 |
| Expenses: | ||||
| Interest | 374 | 342 | 730 | 667 |
| Depreciation on equipment leased to others | 181 | 174 | 361 | 347 |
| General, operating and administrative | 164 | 172 | 337 | 323 |
| Provision for credit losses | 41 | 19 | 70 | 48 |
| Other | 16 | 7 | 26 | 12 |
| Total expenses | 776 | 714 | 1,524 | 1,397 |
| Other income (expense) | (9) | (2) | (13) | (5) |
| Profit before income taxes | 206 | 183 | 401 | 357 |
| Provision for income taxes | 61 | 45 | 112 | 89 |
| Profit of consolidated companies | 145 | 138 | 289 | 268 |
| Less: Profit attributable to noncontrolling interests | 0 | 1 | 0 | 1 |
| Profit attributable to Caterpillar Financial Services Corporation | $ 145 | $ 137 | $ 289 | $ 267 |
Consolidated Statements of Financial Position - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $ 661 | $ 533 |
| Finance receivables, net of allowance for credit losses of $294 and $284 | 34,804 | 32,815 |
| Notes receivable from Caterpillar | 749 | 663 |
| Equipment on operating leases, net | 2,977 | 2,927 |
| Other assets | 1,266 | 1,375 |
| Total assets | 40,457 | 38,313 |
| Liabilities and shareholder’s equity: | ||
| Payable to dealers and others | 117 | 106 |
| Payable to Caterpillar - borrowings and other | 1,153 | 1,172 |
| Accrued expenses | 586 | 553 |
| Short-term borrowings | 5,046 | 5,514 |
| Current maturities of long-term debt | 8,026 | 7,085 |
| Long-term debt | 21,384 | 20,018 |
| Other liabilities | 640 | 638 |
| Total liabilities | 36,952 | 35,086 |
| Commitments and contingent liabilities (Note 7) | ||
| Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount) | 745 | 745 |
| Additional paid-in capital | 2 | 2 |
| Retained earnings | 3,641 | 3,352 |
| Accumulated other comprehensive income (loss) | (950) | (938) |
| Noncontrolling interests | 67 | 66 |
| Total shareholder’s equity | 3,505 | 3,227 |
| Total liabilities and shareholder’s equity | $ 40,457 | $ 38,313 |