Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, plant and equipment

		December 31,
(Millions of dollars)	Useful Lives (Years)	2017			2016
Land	—	$	664		$	667
Buildings and land improvements	20-45	7,515			7,383
Machinery, equipment and other	3-10	14,888			15,392
Software	3-7	1,745			1,641
Equipment leased to others	1-7	6,038			6,086
Construction-in-process	—	688			771
Total property, plant and equipment, at cost		31,538			31,940
Less: Accumulated depreciation		(17,383		)	(16,618		)
Property, plant and equipment–net		$	14,155		$	15,322

Assets recorded under capital leases

Assets recorded under capital leases: 1
	December 31,
(Millions of dollars)	2017			2016
Gross capital leases 2	$	96		$	99
Less: Accumulated depreciation	(19		)	(22		)
Net capital leases	$	77		$	77

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, 2017, scheduled minimum rental payments on assets recorded under capital leases were:

(Millions of dollars)
2018		2019		2020		2021		2022		Thereafter
$	8	$	8	$	9	$	22	$	7	$	35

Equipment leased to others

Equipment leased to others (primarily by Cat Financial):
	December 31,
(Millions of dollars)	2017			2016
Equipment leased to others–at original cost	$	6,038		$	6,086
Less: Accumulated depreciation	(1,656		)	(1,659		)
Equipment leased to others–net	$	4,382		$	4,427

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

At December 31, 2017, scheduled minimum rental payments to be received for equipment leased to others were:

(Millions of dollars)
2018		2019		2020		2021		2022		Thereafter
$	879	$	583	$	315	$	155	$	78	$	70