Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, plant and equipment

		December 31,
(Millions of dollars)	Useful Lives (Years)	2018			2017
Land	—	$	671		$	664
Buildings and land improvements	20-45	6,977			7,515
Machinery, equipment and other	2-10	13,733			14,888
Software	3-7	1,703			1,745
Equipment leased to others	1-7	6,015			6,038
Construction-in-process	—	682			688
Total property, plant and equipment, at cost		29,781			31,538
Less: Accumulated depreciation		(16,207		)	(17,383		)
Property, plant and equipment–net		$	13,574		$	14,155

Assets recorded under capital leases

Assets recorded under capital leases: 1
	December 31,
(Millions of dollars)	2018			2017
Gross capital leases 2	$	129		$	96
Less: Accumulated depreciation	(27		)	(19		)
Net capital leases	$	102		$	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, 2018, scheduled minimum rental payments on assets recorded under capital leases were:

(Millions of dollars)
2019		2020		2021		2022		2023		Thereafter
$	8	$	9	$	29	$	9	$	7	$	32

Equipment leased to others

Equipment leased to others (primarily by Cat Financial):
	December 31,
(Millions of dollars)	2018			2017
Equipment leased to others–at original cost	$	6,015		$	6,038
Less: Accumulated depreciation	(1,744		)	(1,656		)
Equipment leased to others–net	$	4,271		$	4,382

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

At December 31, 2018, scheduled minimum rental payments to be received for equipment leased to others were:

(Millions of dollars)
2019		2020		2021		2022		2023		Thereafter
$	896	$	574	$	314	$	158	$	71	$	69