Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

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

Assets recorded under capital leases

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.

Scheduled minimum rental payments on assets recorded under capital leases

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

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

Scheduled minimum rental payments to be received for equipment leased to others

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