XML 46 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Property, plant and equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
Property, plant and equipment
 
 
 
 
 
December 31,
(Millions of dollars)
 
Useful
Lives (Years)
 
2016
 
2015
Land
 
—
 
$
667

 
$
644

Buildings and land improvements
 
20-45
 
7,383

 
7,242

Machinery, equipment and other
 
3-10
 
15,392

 
15,686

Software
 
3-7
 
1,641

 
1,636

Equipment leased to others
 
1-7
 
6,086

 
5,728

Construction-in-process
 
—
 
771

 
1,041

Total property, plant and equipment, at cost
 
 
 
31,940

 
31,977

Less: Accumulated depreciation
 
 
 
(16,618
)
 
(15,887
)
Property, plant and equipment–net
 
 
 
$
15,322

 
$
16,090

 
 
 
 
 
 
 
 
We had commitments for the purchase or construction of capital assets of approximately $142 million at December 31, 2016.
Assets recorded under capital leases: 1
 
 
 
 
December 31,
(Millions of dollars)
 
2016
 
2015
Gross capital leases 2 
 
$
99

 
$
124

Less: Accumulated depreciation
 
(22
)
 
(44
)
Net capital leases
 
$
77

 
$
80

 
1 
Included in Property, plant and equipment table above.
2 
Consists primarily of machinery and equipment.
 
 
 
 
 

 
At December 31, 2016, scheduled minimum rental payments on assets recorded under capital leases were:
 
(Millions of dollars)
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
$
7

 
$
6

 
$
6

 
$
6

 
$
20

 
$
30

 
Equipment leased to others (primarily by Cat Financial):
 
 
 
 
 
 
December 31,
(Millions of dollars)
 
2016
 
2015
Equipment leased to others–at original cost
 
$
6,086

 
$
5,728

Less: Accumulated depreciation
 
(1,659
)
 
(1,571
)
Equipment leased to others–net
 
$
4,427

 
$
4,157

 
 
 
 
 
 
At December 31, 2016, scheduled minimum rental payments to be received for equipment leased to others were:
 
(Millions of dollars)
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
$
892

 
$
600

 
$
349

 
$
167

 
$
67

 
$
64