Rendering

Component: (Network and Table)
Network
2321301 - Disclosure - Guarantees and product warranty (Tables)
(http://www.cat.com/role/GuaranteesAndProductWarrantyTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000018230 (http://www.sec.gov/CIK)
Commitments and Contingencies Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Commitments and Contingencies Disclosure [Abstract]
 
Guarantees
The maximum potential amount of future payments (undiscounted and without reduction for any amounts that may possibly be recovered under recourse or collateralized provisions) we could be required to make under the guarantees at December 31 are as follows:
 
(Millions of dollars)
 
2016
 
2015
Caterpillar dealer performance guarantees
 
$
1,384

 
$
216

Customer loan guarantees
 
51

 
47

Supplier consortium performance guarantee
 
278

 
286

Third party logistics business lease guarantees
 
87

 
107

Other guarantees
 
56

 
25

Total guarantees
 
$
1,856

 
$
681

 
 
 
 
 
  
Product warranty
(Millions of dollars)
 
2016
 
2015
 
Warranty liability, January 1
 
$
1,354

 
$
1,426

 
Reduction in liability (payments)
 
(909
)
 
(874
)
 
Increase in liability (new warranties)
 
813

 
802

 
Warranty liability, December 31
 
$
1,258

 
$
1,354