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| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549                       |
|                                                                                                        |
| FORM 10-K                                                                                         |
| (Mark One)                                                                                             |   |   |
|                                                                                                   | [X] |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2016   |
|                                                                                                   |
|                                                                                                   |
| OR                                                                                                |
|                                                                                                   | [  ] |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from __________ to __________.  |
| Commission File No. 001-11241                                                                     |
| CATERPILLAR FINANCIAL SERVICES CORPORATION(Exact name of Registrant as specified in its charter)  |
| Delaware(State or other jurisdiction of incorporationor organization)                             | 37-1105865(I.R.S. Employer Identification No.)   |
| 2120 West End Ave., Nashville, Tennessee(Address of principal executive offices)                  | 37203-0001(Zip Code)  |
| Registrant's telephone number, including area code:  (615) 341-1000                          |

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|                                                                             |  |  |  |
|  Securities registered pursuant to Section 12(b) of the Act:           |
|                                                                        |  Title of each class  |   | Name of each exchange  on which registered  |
|                                                                        | Medium-Term Notes, Series H,3.300% Notes Due 2024 |   | New York Stock Exchange   |
| Securities registered pursuant to Section 12(g) of the Act:  None |

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|                   |
|-------------------|
|                   |  |  |  |
| TABLE OF CONTENTS |
|              |   |   | Page |
| Part I            | Item 1. | Business | 4 |
|              | Item 1A. | Risk Factors | 6 |
|              | Item 1B. | Unresolved Staff Comments | 11 |
|              | Item 2. | Properties | 11 |
|              | Item 3. | Legal Proceedings | 12 |
|              | Item 4. | Mine Safety Disclosures | 12 |
| Part II           | Item 5. | Market for Registrant's Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities | 12 |
|              | Item 7. | Management's Discussion and Analysis of FinancialCondition and Results of Operations | 13 |
|              | Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 28 |
|              | Item 8. | Financial Statements and Supplementary Data | 28 |
|              | Item 9. | Changes in and Disagreements With Accountants on Accounting andFinancial Disclosure | 28 |
|              | Item 9A. | Controls and Procedures | 29 |
|              | Item 9B. | Other Information | 29 |
| Part III          | Item 14. | Principal Accounting Fees and Services | 30 |
| Part IV           | Item 15. | Exhibits and Financial Statement Schedules | 30 |
|              | Item 16. | Form 10-K Summary | 32 |

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|        |
|--------|
|        |
| PART I |

|               |
|---------------|
|               |  |
| Item 1.  | Business. |

|         |                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Tax leases that are classified as either operating or finance leases for financial accounting purposes, depending on the characteristics of the lease.  For tax purposes, we are considered the owner of the equipment (14 percent*). |

|         |                                                                                                                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Finance (non-tax) leases, where the lessee for tax purposes is considered to be the owner of the equipment during the term of the lease, that either require or allow the customer to purchase the equipment for a fixed price at the end of the term (18 percent*). |

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|         |                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Installment sale contracts, which are equipment loans that enable customers to purchase equipment with a down payment or trade-in and structure payments over time (22 percent*). |

|         |                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Governmental lease-purchase plans in the U.S. that offer low interest rates and flexible terms to qualified non-federal government agencies (1 percent*). |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| • | Inventory/rental programs, which provide assistance to dealers by financing their new Caterpillar inventory and rental fleets (4 percent*). |

|         |                                                                                 |
|---------|---------------------------------------------------------------------------------|
| • | Short-term receivables we purchase from Caterpillar at a discount (8 percent*). |

|         |                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------|
| • | Loans that allow customers and dealers to use their Caterpillar equipment or other assets as collateral to obtain financing. |

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|                |
|----------------|
|                |  |
| Item 1A.  | Risk Factors. |

|         |                                                                                                                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Market developments that may affect the demand for Caterpillar products and/or customer confidence levels and may cause declines in the demand for financing and adverse changes in payment patterns, causing increases in delinquencies and default rates, which could impact our write-offs and provision for credit losses; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The process we use to estimate losses inherent in our credit exposure requires a high degree of management’s judgment regarding numerous subjective, qualitative factors, including forecasts of economic conditions and how economic predictors might impair the ability of our borrowers to repay their loans.  If financial market disruption and volatility is experienced, the accuracy of these judgments may be impacted; |

|         |                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our ability to engage in routine funding transactions or borrow from other financial institutions on acceptable terms or at all could be adversely affected by disruptions in the capital markets or other events, including actions by rating agencies and deteriorating investor expectations; and |

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|         |                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Because our lending agreements are primarily with financial institutions, their ability to perform in accordance with any of our underlying agreements could be adversely affected by market volatility and/or disruptions in the equity and credit markets. |

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|         |                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Multiple and potentially conflicting legal and regulatory requirements that are subject to change, including but not limited to, those legal and regulatory requirements described in Item 1 of this report under the heading Competitive Environment; |

|         |                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------|
| • | Imposition of currency restrictions, restrictions on repatriation of earnings or other restraints; |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | Difficulty of enforcing agreements and collecting receivables through foreign legal systems; |

|         |                              |
|---------|------------------------------|
| • | Changes in trade agreements; |

|         |                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------|
| • | Imposition of new or additional trade and economic sanctions laws imposed by the U.S. or foreign governments; |

|         |                                      |
|---------|--------------------------------------|
| • | National and international conflict; |

|         |                            |
|---------|----------------------------|
| • | War or terrorist acts; and |

|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | Political and economic instability or civil unrest that may severely disrupt economic activity in affected countries. |

|         |                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------|
| • | General world economic conditions and the level of energy, mining, construction and manufacturing activity; |

|         |                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------|
| • | Changes and uncertainties in the monetary and fiscal policies of various governmental and regulatory entities; |

|         |                                                            |
|---------|------------------------------------------------------------|
| • | Fluctuations in demand and prices for certain commodities; |

|         |                                                             |
|---------|-------------------------------------------------------------|
| • | Fluctuations in currency exchange rates and interest rates; |

|         |                                              |
|---------|----------------------------------------------|
| • | Political, economic and legislative changes; |

|         |                                                                             |
|---------|-----------------------------------------------------------------------------|
| • | Caterpillar’s ability to produce products that meet customers' needs; |

|         |                                                                   |
|---------|-------------------------------------------------------------------|
| • | Caterpillar’s ability to maintain key dealer relationships; |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | The ability of Caterpillar dealers to sell Caterpillar products and their practices regarding inventory control; and |

|         |                                                                |
|---------|----------------------------------------------------------------|
| • | Changes in pricing policies by Caterpillar or its competitors. |

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|                |
|----------------|
|                |  |
| Item 1B.  | Unresolved Staff Comments. |

|         |
|---------|
|         |  |
| Item 2. | Properties. |

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|               |
|---------------|
|               |  |
| Item 3.  | Legal Proceedings. |

|               |
|---------------|
|               |  |
| Item 4.  | Mine Safety Disclosures. |

|         |
|---------|
|         |
| PART II |

|               |
|---------------|
|               |  |
| Item 5.  | Market for Registrant's Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities. |

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|               |
|---------------|
|               |  |
| Item 7.  | Management's Discussion and Analysis of Financial Condition and Results of Operations. |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                   |   |   |   |   |   |   |
|                                                                    |   | 2016 |   | 2015 |   | $ Change |
| Finance receivable and operating lease fees (including late charges)(1) |   | $ | 73 |  |   | $ | 68 |  |   | $ | 5 |  |
| Fees on committed credit facility extended to Caterpillar               |   | 40 |  |   | 40 |  |   | — |  |
| Interest income on Notes Receivable from Caterpillar(1)                 |   | 30 |  |   | 21 |  |   | 9 |  |
| Net loss on returned or repossessed equipment                           |   | (61 | ) |   | (18 | ) |   | (43 | ) |
| Miscellaneous other revenue, net                                        |   | 14 |  |   | 22 |  |   | (8 | ) |
| Total Other revenue, net                                                |   | $ | 96 |  |   | $ | 133 |  |   | $ | (37 | ) |
|                                                                    |   |   |   |   |   |   |

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|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)        |   |   |   |   |   |   |
|                         |   | 2016 |   | 2015 |   | $ Change |
| New retail financing         |   | $ | 9,260 |  |   | $ | 9,988 |  |   | $ | (728 | ) |
| New operating lease activity |   | 1,670 |  |   | 1,466 |  |   | 204 |  |
| New wholesale financing      |   | 30,642 |  |   | 35,540 |  |   | (4,898 | ) |
| Total                        |   | $ | 41,572 |  |   | $ | 46,994 |  |   | $ | (5,422 | ) |
|                         |   |   |   |   |   |   |

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|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                        |   |   |   |   |   |   |
|                                                         |   | 2016 |   | 2015 |   | $ Change |
| Finance receivables, net                                     |   | $ | 26,212 |  |   | $ | 27,388 |  |   | $ | (1,176 | ) |
| Equipment on operating leases, less accumulated depreciation |   | 3,708 |  |   | 3,564 |  |   | 144 |  |
| Total portfolio                                              |   | $ | 29,920 |  |   | $ | 30,952 |  |   | $ | (1,032 | ) |
|                                                         |   |   |   |   |   |   |
| Retail notes receivable                                      |   | $ | 87 |  |   | $ | 113 |  |   | $ | (26 | ) |
| Operating leases                                             |   | 79 |  |   | 81 |  |   | (2 | ) |
| Retail installment sale contracts                            |   | 79 |  |   | 67 |  |   | 12 |  |
| Retail finance leases                                        |   | 41 |  |   | 49 |  |   | (8 | ) |
| Total off-balance sheet managed assets                       |   | $ | 286 |  |   | $ | 310 |  |   | $ | (24 | ) |
|                                                         |   |   |   |   |   |   |
| Total managed portfolio                                      |   | $ | 30,206 |  |   | $ | 31,262 |  |   | $ | (1,056 | ) |
|                                                         |   |   |   |   |   |   |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |
|                                                                    |   | Three Months EndedDecember 31, |
|                                                                    |   | 2016 |   | 2015 |
| Revenues:                                                               |   |   |   |   |
| Retail finance                                                          |   | $ | 306 |  |   | $ | 303 |  |
| Operating lease                                                         |   | 259 |  |   | 254 |  |
| Wholesale finance                                                       |   | 62 |  |   | 68 |  |
| Other, net                                                              |   | 15 |  |   | 23 |  |
| Total revenues                                                          |   | 642 |  |   | 648 |  |
|                                                                    |   |   |   |   |
| Expenses:                                                               |   |   |  |   |   |  |
| Interest                                                                |   | 153 |  |   | 148 |  |
| Depreciation on equipment leased to others                              |   | 214 |  |   | 207 |  |
| General, operating and administrative                                   |   | 99 |  |   | 100 |  |
| Provision for credit losses                                             |   | 39 |  |   | 30 |  |
| Other                                                                   |   | 10 |  |   | 32 |  |
| Total expenses                                                          |   | 515 |  |   | 517 |  |
|                                                                    |   |   |   |   |
| Other income (expense)                                                  |   | (5 | ) |   | (2 | ) |
|                                                                    |   |   |   |   |
| Profit before income taxes                                              |   | 122 |  |   | 129 |  |
|                                                                    |   |   |   |   |
| Provision for income taxes                                              |   | 35 |  |   | 16 |  |
|                                                                    |   |   |   |   |
| Profit of consolidated companies                                        |   | 87 |  |   | 113 |  |
|                                                                    |   |   |   |   |
| Less:  Profit (loss) attributable to noncontrolling interests |   | 2 |  |   | (1 | ) |
|                                                                    |   |   |   |   |
| Profit1                                                                 |   | $ | 85 |  |   | $ | 114 |  |
|                                                                    |   |   |   |   |
|                                                                    |   |   |  |   |   |  |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                              |   | Three Months Ended December 31, |
|                                                                    |   | 2016 |   | 2015 |   | $ Change |
| Finance receivable and operating lease fees (including late charges)(1) |   | $ | 18 |  |   | $ | 16 |  |   | $ | 2 |  |
| Fees on committed credit facility extended to Caterpillar               |   | 10 |  |   | 10 |  |   | — |  |
| Interest income on Notes Receivable from Caterpillar(1)                 |   | 7 |  |   | 5 |  |   | 2 |  |
| Net loss on returned or repossessed equipment                           |   | (25 | ) |   | (12 | ) |   | (13 | ) |
| Miscellaneous other revenue, net                                        |   | 5 |  |   | 4 |  |   | 1 |  |
| Total Other revenue, net                                                |   | $ | 15 |  |   | $ | 23 |  |   | $ | (8 | ) |
|                                                                    |   |   |   |   |   |   |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                   |   |   |   |   |   |   |
|                                                                    |   | 2015 |   | 2014 |   | $ Change |
| Finance receivable and operating lease fees (including late charges)(1) |   | $ | 68 |  |   | $ | 74 |  |   | $ | (6 | ) |
| Fees on committed credit facility extended to Caterpillar               |   | 40 |  |   | 41 |  |   | (1 | ) |
| Interest income on Notes Receivable from Caterpillar(1)                 |   | 21 |  |   | 18 |  |   | 3 |  |
| Net loss on returned or repossessed equipment                           |   | (18 | ) |   | (3 | ) |   | (15 | ) |
| Miscellaneous other revenue, net                                        |   | 22 |  |   | 21 |  |   | 1 |  |
| Total Other revenue, net                                                |   | $ | 133 |  |   | $ | 151 |  |   | $ | (18 | ) |
|                                                                    |   |   |   |   |   |   |

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|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)        |   |   |   |   |   |   |
|                         |   | 2015 |   | 2014 |   | $ Change |
| New retail financing         |   | $ | 9,988 |  |   | $ | 11,115 |  |   | $ | (1,127 | ) |
| New operating lease activity |   | 1,466 |  |   | 1,612 |  |   | (146 | ) |
| New wholesale financing      |   | 35,540 |  |   | 39,432 |  |   | (3,892 | ) |
| Total                        |   | $ | 46,994 |  |   | $ | 52,159 |  |   | $ | (5,165 | ) |
|                         |   |   |   |   |   |   |

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|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                        |   |   |   |   |   |   |
|                                                         |   | 2015 |   | 2014 |   | $ Change |
| Finance receivables, net                                     |   | $ | 27,388 |  |   | $ | 29,074 |  |   | $ | (1,686 | ) |
| Equipment on operating leases, less accumulated depreciation |   | 3,564 |  |   | 3,624 |  |   | (60 | ) |
| Total portfolio                                              |   | $ | 30,952 |  |   | $ | 32,698 |  |   | $ | (1,746 | ) |
|                                                         |   |   |   |   |   |   |
| Retail notes receivable                                      |   | $ | 113 |  |   | $ | 121 |  |   | $ | (8 | ) |
| Operating leases                                             |   | 81 |  |   | 93 |  |   | (12 | ) |
| Retail installment sale contracts                            |   | 67 |  |   | 43 |  |   | 24 |  |
| Retail finance leases                                        |   | 49 |  |   | 59 |  |   | (10 | ) |
| Total off-balance sheet managed assets                       |   | $ | 310 |  |   | $ | 316 |  |   | $ | (6 | ) |
|                                                         |   |   |   |   |   |   |
| Total managed portfolio                                      |   | $ | 31,262 |  |   | $ | 33,014 |  |   | $ | (1,752 | ) |
|                                                         |   |   |   |   |   |   |

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|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                             |   |   |   |   |
|                                                                   |   | 2016 |   | 2015 |
| Medium-term notes, net of unamortized discount and debt issuance costs |   | $ | 19,667 |  |   | $ | 20,574 |  |
| Commercial paper, net of unamortized discount                          |   | 5,985 |  |   | 5,811 |  |
| Bank borrowings – long-term                                      |   | 870 |  |   | 995 |  |
| Bank borrowings – short-term                                     |   | 553 |  |   | 440 |  |
| Variable denomination floating rate demand notes                       |   | 556 |  |   | 707 |  |
| Notes payable to Caterpillar                                           |   | 1,637 |  |   | 1,096 |  |
| Total outstanding borrowings                                           |   | $ | 29,268 |  |   | $ | 29,623 |  |
|                                                                   |   |   |   |   |

|                       |
|-----------------------|
|                       |  |  |  |
| (Millions of dollars) |   |
| 2017                  | $ | 5,798 |  |
| 2018                  | 5,102 |  |
| 2019                  | 3,550 |  |
| 2020                  | 1,100 |  |
| 2021                  | 1,619 |  |
| Thereafter            | 2,498 |  |
| Total                 | $ | 19,667 |  |
|                  |   |  |

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|         |                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------|
| • | The 364-day facility of $3.15 billion (of which $2.33 billion is available to us) expires in September 2017. |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The three-year facility, as amended in September 2016, of $2.73 billion (of which $2.01 billion is available to us) expires in September 2019. |

|         |                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The five-year facility, as amended in September 2016, of $4.62 billion (of which $3.41 billion is available to us) expires in September 2021.  |

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|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)              |   |   |   |   |   |   |   |   |   |   |
|                               |   | 2017 |   | 2018-2019 |   | 2020-2021 |   | After 2021 |   | Total |
| Long-term debt(1)                  |   | $ | 6,158 |  |   | $ | 9,052 |  |   | $ | 2,833 |  |   | $ | 2,491 |  |   | $ | 20,534 |  |
| Operating leases                   |   | 15 |  |   | 27 |  |   | 24 |  |   | 7 |  |   | 73 |  |
| Purchase obligations(2)            |   | 27 |  |   | — |  |   | — |  |   | — |  |   | 27 |  |
| Interest payable on long-term debt |   | 460 |  |   | 546 |  |   | 239 |  |   | 164 |  |   | 1,409 |  |
| Total contractual obligations      |   | $ | 6,660 |  |   | $ | 9,625 |  |   | $ | 3,096 |  |   | $ | 2,662 |  |   | $ | 22,043 |  |
|                               |   |   |   |   |   |   |   |   |   |   |

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|                |
|----------------|
|                |  |
| Item 7A.  | Quantitative and Qualitative Disclosures About Market Risk. |

|               |
|---------------|
|               |  |
| Item 8.  | Financial Statements and Supplementary Data. |

|               |
|---------------|
|               |  |
| Item 9.  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. |

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|          |
|----------|
|          |  |
| Item 9A. | Controls and Procedures. |

|                |
|----------------|
|                |  |
| Item 9B.  | Other Information. |

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|          |
|----------|
|          |
| PART III |

|                |
|----------------|
|                |  |
| Item 14.  | Principal Accounting Fees and Services. |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |
| (Millions of dollars) |   |   |   |   |
|                  |   | 2016 |   | 2015 |
| Audit fees(1)         |   | $ | 5.7 |  |   | $ | 4.8 |  |
| Audit-related fees(2) |   | .1 |  |   | .1 |  |
| Tax fees(3)           |   | .1 |  |   | .2 |  |
| Total                 |   | $ | 5.9 |  |   | $ | 5.1 |  |
|                  |   |   |   |   |

|         |
|---------|
|         |
| PART IV |

|                |
|----------------|
|                |  |
| Item 15.  | Exhibits and Financial Statement Schedules. |

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |
| The following documents are filed as part of this report. |
| 1                                                         |  |   | Financial Statements: |
|                                                      |   | · |   | Report of Independent Registered Public Accounting Firm |
|                                                      |   | · |   | Consolidated Statements of Profit |
|                                                      |   | · |   | Consolidated Statements of Comprehensive Income |
|                                                      |   | · |   | Consolidated Statements of Financial Position |
|                                                      |   | · |   | Consolidated Statements of Changes in Stockholder’s Equity |
|                                                      |   | · |   | Consolidated Statements of Cash Flows |
|                                                      |   | · |   | Notes to Consolidated Financial Statements |
| 2                                                         |  |   | Financial Statement Schedules: |
|                                                      |   | · |   | All schedules are omitted because the required information is shown in the financial statements or the notes thereto or considered to be immaterial. |
| 3                                                         |  |   | Exhibits |

|     |
|-----|
|     |  |
| 3.1 | Certificate of Incorporation of the Company, as amended (incorporated by reference from Exhibit 3.1 to the Company’s Form 10 for the year ended December 31, 1984). |
| 3.2 | Bylaws of the Company, as amended (incorporated by reference from Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q, for the quarter ended June 30, 2005). |
| 4.1 | Indenture, dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Registration Statement on Form S-3, Commission File No. 33-2246). |
| 4.2 | First Supplemental Indenture, dated as of May 22, 1986, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q, for the quarter ended June 20, 1986). |

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|        |
|--------|
|        |  |
| 4.3    | Second Supplemental Indenture, dated as of March 15, 1987, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated April 24, 1987). |
| 4.4    | Third Supplemental Indenture, dated as of October 2, 1989, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated October 16, 1989). |
| 4.5    | Fourth Supplemental Indenture, dated as of October 1, 1990, amending the Indenture dated April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated October 29, 1990). |
| 4.6    | Indenture, dated as of July 15, 1991, between the Company and Continental Bank, National Association, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K, dated July 25, 1991). |
| 4.7    | First Supplemental Indenture, dated as of October 1, 2005, amending the Indenture dated as of July 15, 1991, between the Company and U.S. Bank Trust National Association (as successor to the former Trustee) (incorporated by reference from Exhibit 4.3 to Amendment No. 5 to the Company’s Registration Statement on Form S-3 filed October 20, 2005, Commission File No. 333-114075). |
| 4.8    | Support Agreement, dated as of December 21, 1984, between the Company and Caterpillar (incorporated by reference from Exhibit 10.2 to the Company’s amended Form 10, for the year ended December 31, 1984). |
| 4.9    | First Amendment to the Support Agreement dated June 14, 1995, between the Company and Caterpillar (incorporated by reference from Exhibit 4 to the Company’s Current Report on Form 8-K, dated June 14, 1995). |
|   | The registrant hereby undertakes upon request to furnish the Commission with a copy of any instrument with respect to long-term debt where the total amount of securities authorized thereunder does not exceed 10% of the total assets of the registrant and its subsidiaries on a consolidated basis. |
| 10.1   | Tax Sharing Agreement, dated as of June 21, 1984, between the Company and Caterpillar (incorporated by reference from Exhibit 10.3 to the Company’s amended Form 10, for the year ended December 31, 1984). |
| 10.2   | 364-Day Credit Agreement (2016 364-Day Facility), dated as of September 8, 2016, among the Company, Caterpillar Inc., Caterpillar International Finance Limited and Caterpillar Finance Kabushiki Kaisha, certain financial institutions named therein, Citibank, N.A., as Agent, Citibank Europe PLC, UK Branch, as Local Currency Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Japan Local Currency Agent (incorporated by reference from Exhibit 99.1 to the Company’s Current Report on Form 8-K filed September 14, 2016). |
| 10.3   | Local Currency Addendum, dated as of September 8, 2016, to the 364-Day Facility (incorporated by reference from Exhibit 99.2 to the Company's Current Report on Form 8-K filed on September 14, 2016). |
| 10.4   | Japan Local Currency Addendum, dated as of September 8, 2016, to the 364-Day Facility (incorporated by reference from Exhibit 99.3 to the Company's Current Report on Form 8-K filed on September 14, 2016). |
| 10.5   | Omnibus Amendment No. 1 to Amended and Restated Credit Agreement (3-Year Facility), Amendment No. 1 to Local Currency Addendum and Amendment No. 1 to Japan Local Currency Addendum, dated as of September 8, 2016, among the Company, Caterpillar Inc., Caterpillar International Finance Limited and Caterpillar Finance Kabushiki Kaisha, certain financial institutions named therein, Citibank, N.A., as Agent, Citibank Europe PLC, UK Branch, as Local Currency Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Japan Local Currency Agent (incorporated by reference from Exhibit 99.4 to the Company’s Current Report on Form 8-K filed September 14, 2016). |
| 10.6   | Amended and Restated Credit Agreement (3-Year Facility), dated as of September 10, 2015, by and among the Company, Caterpillar Inc., Caterpillar International Finance Limited and Caterpillar Finance Corporation, the Banks named therein, Local Currency Banks and Japan Local Currency Banks party thereto, Citibank, N.A., as Agent, Citibank International Limited, as Local Currency Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Japan Local Currency Agent (incorporated by reference from Exhibit 99.4 to the Company’s Current Report on Form 8-K filed September 16, 2015). |
| 10.7   | Local Currency Addendum to the 3-Year Facility among the Company, Caterpillar International Finance Limited, the Local Currency Banks named therein, Citibank, N.A. and Citibank International Limited (incorporated by reference from Exhibit 99.5 to the Company’s Current Report on Form 8-K filed September 16, 2015). |
| 10.8   | Japan Local Currency Addendum to the 3-Year Facility among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.6 to the Company’s Current Report on Form 8-K filed September 16, 2015). |
| 10.9   | Omnibus Amendment No. 1 to Amended and Restated Credit Agreement (5-Year Facility), Amendment No. 1 to Local Currency Addendum and Amendment No. 1 to Japan Local Currency Addendum, dated as of September 8, 2016, among the Company, Caterpillar Inc., Caterpillar International Finance Limited and Caterpillar Finance Kabushiki Kaisha, certain financial institutions named therein, Citibank, N.A., as Agent, Citibank Europe PLC, UK Branch, as Local Currency Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Japan Local Currency Agent (incorporated by reference from Exhibit 99.5 to the Company’s Current Report on Form 8-K filed September 14, 2016). |
| 10.10  | Amended and Restated Credit Agreement (5-Year Facility), dated as of September 10, 2015, by and among the Company, Caterpillar Inc., Caterpillar International Finance Limited and Caterpillar Finance Corporation, the Banks named therein, Local Currency Banks and Japan Local Currency Banks party thereto, Citibank, N.A., as Agent, Citibank International Limited, as Local Currency Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Japan Local Currency Agent (incorporated by reference from Exhibit 99.7 to the Company’s Current Report on Form 8-K filed September 16, 2015). |

----

|         |
|---------|
|         |  |
| 10.11   | Local Currency Addendum to the 5-Year Facility among the Company, Caterpillar International Finance Limited, the Local Currency Banks named therein, Citibank, N.A. and Citibank International Limited  (incorporated by reference from Exhibit 99.8  to the Company’s Current Report on Form 8-K, filed September 16, 2015). |
| 10.12   | Japan Local Currency Addendum to the 5-Year Facility among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.9 to the Company’s Current Report on Form 8-K, filed September 16, 2015). |
| 12      | Computation of Ratio of Earnings to Fixed Charges. |
| 23      | Consent of Independent Registered Public Accounting Firm. |
| 31.1    | Certification of Kent M. Adams, President, Director and Chief Executive Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2    | Certification of James A. Duensing, Executive Vice President and Chief Financial Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32      | Certifications of Kent M. Adams, President, Director and Chief Executive Officer of Caterpillar Financial Services Corporation, and James A. Duensing, Executive Vice President and Chief Financial Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 101.INS | XBRL Instance Document |
| 101.SCH | XBRL Taxonomy Extension Schema Document |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |

|                |
|----------------|
|                |  |
| Item 16.  | Form 10-K Summary |

----

|        |
|--------|
|        |  |  |  |
|   |   | Caterpillar Financial Services Corporation |
|   |   | (Registrant) |
|   |   |   |   |
| Date:  | February 15, 2017 | By: | /s/Leslie S. Zmugg |
|   |   |   | Leslie S. Zmugg, Secretary |
|   |   |   |   |

|                        |
|------------------------|
|                        |  |  |  |  |
| Date                   |   | Signature |   | Title |
|                   |   |   |   |   |
| February 15, 2017 |   | /s/Kent M. Adams |   | President, Director and Chief Executive Officer |
|                   |   | Kent M. Adams |   |   |
|                   |   |   |   |   |
| February 15, 2017 |   | /s/Bradley M. Halverson |   | Director |
|                   |   | Bradley M. Halverson |   |   |
|                   |   |   |   |   |
| February 15, 2017 |   | /s/James A. Duensing |   | Executive Vice President and Chief Financial Officer (Principal Financial Officer) |
|                   |   | James A. Duensing |   |   |
|                   |   |   |   |   |
| February 15, 2017 |   | /s/Jeffry D. Everett |   | Controller (Principal Accounting Officer) |
|                   |   | Jeffry D. Everett |   |   |
|                   |   |   |   |   |

----

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   | 2016 |   | 2015 |   | 2014 |
| Revenues:                                                        |   |   |   |   |   |   |
| Retail finance                                                   |   | $ | 1,220 |  |   | $ | 1,243 |  |   | $ | 1,366 |  |
| Operating lease                                                  |   | 1,015 |  |   | 1,012 |  |   | 1,057 |  |
| Wholesale finance                                                |   | 264 |  |   | 285 |  |   | 311 |  |
| Other, net                                                       |   | 96 |  |   | 133 |  |   | 151 |  |
| Total revenues                                                   |   | 2,595 |  |   | 2,673 |  |   | 2,885 |  |
|                                                             |   |   |   |   |   |   |
| Expenses:                                                        |   |   |  |   |   |  |   |   |  |
| Interest                                                         |   | 611 |  |   | 593 |  |   | 631 |  |
| Depreciation on equipment leased to others                       |   | 841 |  |   | 836 |  |   | 870 |  |
| General, operating and administrative                            |   | 391 |  |   | 415 |  |   | 433 |  |
| Provision for credit losses                                      |   | 135 |  |   | 119 |  |   | 139 |  |
| Other                                                            |   | 41 |  |   | 64 |  |   | 37 |  |
| Total expenses                                                   |   | 2,019 |  |   | 2,027 |  |   | 2,110 |  |
|                                                             |   |   |   |   |   |   |
| Other income (expense)                                           |   | (15 | ) |   | (27 | ) |   | (22 | ) |
|                                                             |   |   |   |   |   |   |
| Profit before income taxes                                       |   | 561 |  |   | 619 |  |   | 753 |  |
|                                                             |   |   |   |   |   |   |
| Provision for income taxes                                       |   | 171 |  |   | 158 |  |   | 209 |  |
|                                                             |   |   |   |   |   |   |
| Profit of consolidated companies                                 |   | 390 |  |   | 461 |  |   | 544 |  |
|                                                             |   |   |   |   |   |   |
| Less:  Profit attributable to noncontrolling interests |   | 6 |  |   | 1 |  |   | 9 |  |
|                                                             |   |   |   |   |   |   |
| Profit1                                                          |   | $ | 384 |  |   | $ | 460 |  |   | $ | 535 |  |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |

----

|                                                                                                          |
|----------------------------------------------------------------------------------------------------------|
|                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                     |   | 2016 |   | 2015 |   | 2014 |
|                                                                                                     |   |   |   |   |   |   |
| Profit of consolidated companies                                                                         |   | $ | 390 |  |   | $ | 461 |  |   | $ | 544 |  |
|                                                                                                     |   |   |   |   |   |   |
| Other comprehensive income (loss), net of tax:                                                           |   |   |   |   |   |   |
| Foreign currency translation, net of tax (expense)/benefit of:  2016-$(25); 2015-$(91); 2014-$(119)      |   | (104 | ) |   | (545 | ) |   | (481 | ) |
| Derivative financial instruments:                                                                        |   |   |   |   |   |   |
| Gains (losses) deferred, net of tax (expense)/benefit of:  2016-$(8); 2015-$(1); 2014-$2                 |   | 15 |  |   | 2 |  |   | (4 | ) |
| (Gains) losses reclassified to earnings, net of tax expense/(benefit) of:  2016-$9; 2015-$(2); 2014-$(2) |   | (16 | ) |   | 3 |  |   | 4 |  |
| Total Other comprehensive income (loss), net of tax                                                      |   | (105 | ) |   | (540 | ) |   | (481 | ) |
|                                                                                                     |   |   |   |   |   |   |
| Comprehensive income (loss)                                                                              |   | 285 |  |   | (79 | ) |   | 63 |  |
|                                                                                                     |   |   |   |   |   |   |
| Less:  Comprehensive income (loss) attributable to the noncontrolling interests                          |   | (1 | ) |   | (6 | ) |   | 9 |  |
|                                                                                                     |   |   |   |   |   |   |
| Comprehensive income (loss) attributable to Caterpillar Financial ServicesCorporation                    |   | $ | 286 |  |   | $ | (73 | ) |   | $ | 54 |  |
|                                                                                                     |   |   |   |   |   |   |

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |
|                                                  |   | 2016 |   | 2015 |
| Assets:                                               |   |   |   |   |
| Cash and cash equivalents                             |   | $ | 1,795 |  |   | $ | 1,016 |  |
| Finance receivables, net (Note 3)                     |   | 26,212 |  |   | 27,388 |  |
| Notes receivable from Caterpillar (Note 14)           |   | 530 |  |  | 490 |  |
| Equipment on operating leases,                        |   |   |  |   |   |  |
| less accumulated depreciation (Note 4)                |   | 3,708 |  |   | 3,564 |  |
| Deferred and refundable income taxes (Note 12)        |   | 119 |  |   | 240 |  |
| Other assets (Note 5)                                 |   | 1,251 |  |   | 1,169 |  |
| Total assets                                          |   | $ | 33,615 |  |   | $ | 33,867 |  |
|                                                  |   |   |   |   |
| Liabilities and stockholder’s equity:           |   |   |  |   |   |  |
| Payable to dealers and others                         |   | $ | 140 |  |   | $ | 137 |  |
| Payable to Caterpillar – other                  |   | 49 |  |   | 62 |  |
| Accrued expenses                                      |   | 172 |  |   | 200 |  |
| Income taxes payable                                  |   | 32 |  |   | 47 |  |
| Payable to Caterpillar – borrowings (Note 14)   |   | 1,637 |  |  | 1,096 |  |
| Short-term borrowings (Note 8)                        |   | 7,094 |  |   | 6,958 |  |
| Current maturities of long-term debt (Note 9)         |   | 6,155 |  |   | 5,360 |  |
| Long-term debt (Note 9)                               |   | 14,382 |  |   | 16,209 |  |
| Deferred income taxes and other liabilities (Note 12) |   | 969 |  |   | 823 |  |
| Total liabilities                                     |   | 30,630 |  |   | 30,892 |  |
|                                                  |   |   |   |   |
| Commitments and contingent liabilities (Note 11)      |   |  |  |   |  |  |
|                                                  |   |   |   |   |
| Common stock - $1 par value                           |   |   |  |   |   |  |
| Authorized:  2,000 shares; Issued and       |   |   |  |   |   |  |
| outstanding:  one share (at paid-in amount) |   | 745 |  |   | 745 |  |
| Additional paid-in capital                            |   | 2 |  |   | 2 |  |
| Retained earnings                                     |   | 3,108 |  |   | 2,999 |  |
| Accumulated other comprehensive income/(loss)         |   | (995 | ) |   | (897 | ) |
| Noncontrolling interests                              |   | 125 |  |   | 126 |  |
| Total stockholder’s equity                      |   | 2,985 |  |   | 2,975 |  |
|                                                  |   |   |   |   |
| Total liabilities and stockholder’s equity      |   | $ | 33,615 |  |   | $ | 33,867 |  |
|                                                  |   |   |   |   |

----

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         |   | Commonstock |   | Additionalpaid-incapital |   | Retainedearnings |   | Accumulatedothercomprehensiveincome/(loss) |   | Noncontrollinginterests |   | Total |
| Balance at December 31, 2013                 |   | $ | 745 |  |   | $ | 2 |  |   | $ | 3,004 |  |   | $ | 117 |  |   | $ | 123 |  |   | $ | 3,991 |  |
| Profit of consolidated companies             |   |   |  |   |   |  |   | 535 |  |   |   |  |   | 9 |  |   | 544 |  |
| Dividend paid to Caterpillar                 |   |   |  |   |   |  |   | (400 | ) |   |   |  |   |   |  |   | (400 | ) |
| Foreign currency translation, net of tax     |   |   |  |   |   |  |   |   |  |   | (481 | ) |   | — |  |   | (481 | ) |
| Derivative financial instruments, net of tax |   |   |  |   |   |  |   |   |  |   | — |  |   |   |   | — |  |
| Balance at December 31, 2014                 |   | $ | 745 |  |   | $ | 2 |  |   | $ | 3,139 |  |   | $ | (364 | ) |   | $ | 132 |  |   | $ | 3,654 |  |
| Profit of consolidated companies             |   |   |  |   |   |  |   | 460 |  |   |   |  |   | 1 |  |   | 461 |  |
| Dividend paid to Caterpillar                 |   |   |  |   |   |  |   | (600 | ) |   |   |  |   |   |  |   | (600 | ) |
| Foreign currency translation, net of tax     |   |   |  |   |   |  |   |   |  |   | (538 | ) |   | (7 | ) |   | (545 | ) |
| Derivative financial instruments, net of tax |   |   |  |   |   |  |   |   |  |   | 5 |  |   |   |  |   | 5 |  |
| Balance at December 31, 2015                 |   | $ | 745 |  |   | $ | 2 |  |   | $ | 2,999 |  |   | $ | (897 | ) |   | $ | 126 |  |   | $ | 2,975 |  |
| Profit of consolidated companies             |   |   |  |   |   |  |   | 384 |  |   |   |   | 6 |  |   | 390 |  |
| Dividend paid to Caterpillar                 |   |   |  |   |   |  |   | (275 | ) |   |   |   |   |   | (275 | ) |
| Foreign currency translation, net of tax     |   |   |  |   |   |  |   |   |   | (97 | ) |   | (7 | ) |   | (104 | ) |
| Derivative financial instruments, net of tax |   |   |  |   |   |  |   |   |  |   | (1 | ) |   |   |   | (1 | ) |
| Balance at December 31, 2016                 |   | $ | 745 |  |   | $ | 2 |  |   | $ | 3,108 |  |   | $ | (995 | ) |   | $ | 125 |  |   | $ | 2,985 |  |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                              |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                         |   | 2016 |   | 2015 |   | 2014 |
| Cash flows from operating activities:                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |
| Profit of consolidated companies                                                                                                                                                                                                                                                                                                                                             |   | $ | 390 |  |   | $ | 461 |  |   | $ | 544 |  |
| Adjustments for non-cash items:                                                                                                                                                                                                                                                                                                                                              |   |   |  |   |   |  |   |   |  |
| Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                |   | 851 |  |   | 848 |  |   | 883 |  |
| Amortization of receivables purchase discount                                                                                                                                                                                                                                                                                                                                |   | (207 | ) |   | (222 | ) |   | (243 | ) |
| Provision for credit losses                                                                                                                                                                                                                                                                                                                                                  |   | 135 |  |   | 119 |  |   | 139 |  |
| Other, net                                                                                                                                                                                                                                                                                                                                                                   |   | 72 |  |   | 29 |  |   | (9 | ) |
| Changes in assets and liabilities:                                                                                                                                                                                                                                                                                                                                           |   |   |  |   |   |  |   |   |  |
| Receivables from others                                                                                                                                                                                                                                                                                                                                                      |   | (69 | ) |   | (43 | ) |   | 10 |  |
| Other receivables/payables with Caterpillar                                                                                                                                                                                                                                                                                                                                  |   | 1 |  |   | (17 | ) |   | 23 |  |
| Payable to dealers and others                                                                                                                                                                                                                                                                                                                                                |   | 36 |  |   | 83 |  |   | (26 | ) |
| Accrued interest payable                                                                                                                                                                                                                                                                                                                                                     |   | (21 | ) |   | 7 |  |   | (60 | ) |
| Accrued expenses and other liabilities, net                                                                                                                                                                                                                                                                                                                                  |   | 71 |  |   | 76 |  |   | 107 |  |
| Income taxes payable                                                                                                                                                                                                                                                                                                                                                         |   | 138 |  |   | (74 | ) |   | (33 | ) |
| Proceeds from interest rate contracts                                                                                                                                                                                                                                                                                                                                        |   | 44 |  |   | 4 |  |   | 3 |  |
| Debt exchange premium                                                                                                                                                                                                                                                                                                                                                        |   | (33 | ) |   | — |  |   | — |  |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                    |   | 1,408 |  |   | 1,271 |  |   | 1,338 |  |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                                        |   |   |  |   |   |  |   |   |  |
| Capital expenditures for equipment on operating leases and other capital expenditures                                                                                                                                                                                                                                                                                        |   | (1,636 | ) |   | (1,461 | ) |   | (1,627 | ) |
| Proceeds from disposals of equipment                                                                                                                                                                                                                                                                                                                                         |   | 789 |  |   | 583 |  |   | 771 |  |
| Additions to finance receivables                                                                                                                                                                                                                                                                                                                                             |   | (11,862 | ) |   | (12,928 | ) |   | (14,396 | ) |
| Collections of finance receivables                                                                                                                                                                                                                                                                                                                                           |   | 12,341 |  |   | 12,225 |  |   | 12,608 |  |
| Net changes in Caterpillar purchased receivables                                                                                                                                                                                                                                                                                                                             |   | 399 |  |   | 745 |  |   | 10 |  |
| Proceeds from sales of receivables                                                                                                                                                                                                                                                                                                                                           |   | 127 |  |   | 136 |  |   | 179 |  |
| Net change in variable lending to Caterpillar                                                                                                                                                                                                                                                                                                                                |   | 30 |  |   | — |  |   | — |  |
| Additions to other notes receivable with Caterpillar                                                                                                                                                                                                                                                                                                                         |   | (146 | ) |   | (134 | ) |   | (103 | ) |
| Collections on other notes receivable with Caterpillar                                                                                                                                                                                                                                                                                                                       |   | 76 |  |   | 58 |  |   | 34 |  |
| Proceeds from sale of securities                                                                                                                                                                                                                                                                                                                                             |   | 5 |  |   | — |  |   | — |  |
| Restricted cash and cash equivalents activity, net                                                                                                                                                                                                                                                                                                                           |   | (11 | ) |   | (7 | ) |   | 6 |  |
| Settlements of derivatives                                                                                                                                                                                                                                                                                                                                                   |   | (25 | ) |   | (58 | ) |   | (40 | ) |
| Net cash provided by (used for) investing activities                                                                                                                                                                                                                                                                                                                         |   | 87 |  |   | (841 | ) |   | (2,558 | ) |
| Cash flows from financing activities:                                                                                                                                                                                                                                                                                                                                        |   |   |  |   |   |  |   |   |  |
| Net change in variable lending from Caterpillar                                                                                                                                                                                                                                                                                                                              |   | 1,492 |  |   | — |  |   | — |  |
| Proceeds from borrowings with Caterpillar                                                                                                                                                                                                                                                                                                                                    |   | 253 |  |   | — |  |   | — |  |
| Payments on borrowings with Caterpillar                                                                                                                                                                                                                                                                                                                                      |   | (1,203 | ) |   | — |  |   | — |  |
| Proceeds from debt issued (original maturities greater than three months)                                                                                                                                                                                                                                                                                                    |   | 5,109 |  |   | 5,129 |  |   | 8,655 |  |
| Payments on debt issued (original maturities greater than three months)                                                                                                                                                                                                                                                                                                      |   | (6,032 | ) |   | (7,775 | ) |   | (8,463 | ) |
| Short-term borrowings, net (original maturities three months or less)                                                                                                                                                                                                                                                                                                        |   | (61 | ) |   | 3,018 |  |   | 1,043 |  |
| Dividend paid to Caterpillar                                                                                                                                                                                                                                                                                                                                                 |   | (275 | ) |   | (600 | ) |   | (400 | ) |
| Net cash provided by (used for) financing activities                                                                                                                                                                                                                                                                                                                         |   | (717 | ) |   | (228 | ) |   | 835 |  |
| Effect of exchange rate changes on cash and cash equivalents                                                                                                                                                                                                                                                                                                                 |   | 1 |  |   | (43 | ) |   | (78 | ) |
| Increase/(decrease) in cash and cash equivalents                                                                                                                                                                                                                                                                                                                             |   | 779 |  |   | 159 |  |   | (463 | ) |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                             |   | 1,016 |  |   | 857 |  |   | 1,320 |  |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                   |   | $ | 1,795 |  |   | $ | 1,016 |  |   | $ | 857 |  |
|                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |
| Cash paid for interest                                                                                                                                                                                                                                                                                                                                                       |   | $ | 608 |  |   | $ | 579 |  |   | $ | 674 |  |
| Cash (received) paid for taxes                                                                                                                                                                                                                                                                                                                                               |   | $ | (61 | ) |   | $ | 125 |  |   | $ | 175 |  |
| All short-term investments, which consist primarily of highly liquid investments with original maturities of three months or less, are considered to be cash equivalents.                                                                                                                                                                                                    |
| Non-cash activity:  In September 2016, $381 million of medium-term notes with varying interest rates and maturity dates were exchanged for $366 million of 1.93% medium-term notes due in 2021 and $15 million of cash.  In addition, a debt exchange premium of $33 million was paid and is included in the operating section of the Consolidated Statements of Cash Flows. |

----

----

----

----

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                   | Foreign currency translation |   | Derivative financial instruments |   | Total |
|                                                                    |   |   |   |   |   |
| Balance at December 31, 2013                                            | $ | 122 |  |   | $ | (5 | ) |   | $ | 117 |  |
| Other comprehensive income/(loss) before reclassifications              | (481 | ) |   | (4 | ) |   | (485 | ) |
| Amounts reclassified from accumulated other comprehensive (income)/loss | — |  |   | 4 |  |   | 4 |  |
| Other comprehensive income/(loss)                                       | (481 | ) |   | — |  |   | (481 | ) |
| Balance at December 31, 2014                                            | $ | (359 | ) |   | $ | (5 | ) |   | $ | (364 | ) |
| Other comprehensive income/(loss) before reclassifications              | (538 | ) |   | 2 |  |   | (536 | ) |
| Amounts reclassified from accumulated other comprehensive (income)/loss | — |  |   | 3 |  |   | 3 |  |
| Other comprehensive income/(loss)                                       | (538 | ) |   | 5 |  |   | (533 | ) |
| Balance at December 31, 2015                                            | $ | (897 | ) |   | $ | — |  |   | $ | (897 | ) |
| Other comprehensive income/(loss) before reclassifications              | (97 | ) |   | 15 |  |   | (82 | ) |
| Amounts reclassified from accumulated other comprehensive (income)/loss | — |  |   | (16 | ) |   | (16 | ) |
| Other comprehensive income/(loss)                                       | (97 | ) |   | (1 | ) |   | (98 | ) |
| Balance at December 31, 2016                                            | $ | (994 | ) |   | $ | (1 | ) |   | $ | (995 | ) |
|                                                                    |   |   |   |   |   |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                      |   |   |   |   |   |   |   |
|                                                                       | Classification of income (expense) |   | 2016 |   | 2015 |   | 2014 |
| Cross currency contracts                                                   | Other income (expense) |   | $ | 28 |  |   | $ | 1 |  |   | $ | — |  |
| Interest rate contracts                                                    | Interest expense |   | (3 | ) |   | (6 | ) |   | (6 | ) |
| Reclassifications before tax                                               |   |   | 25 |  |   | (5 | ) |   | (6 | ) |
| Tax (provision) benefit                                                    |   |   | (9 | ) |   | 2 |  |   | 2 |  |
| Total reclassifications from Accumulated other comprehensive income/(loss) |   | $ | 16 |  |   | $ | (3 | ) |   | $ | (4 | ) |
|                                                                       |   |   |   |   |   |   |   |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                            |   |   |   |   |
|                                                             |   | 2016 |   | 2015 |
| Finance leases and installment sale contracts – Retail (1) |   | $ | 13,565 |  |   | $ | 13,728 |  |
| Retail notes receivable                                          |   | 10,195 |  |   | 10,616 |  |
| Wholesale notes receivable                                       |   | 3,457 |  |   | 3,887 |  |
| Finance leases and installment sale contracts – Wholesale  |   | 103 |  |   | 289 |  |
|                                                             |   | 27,320 |  |   | 28,520 |  |
| Less: Unearned income                                            |   | (765 | ) |   | (794 | ) |
| Recorded investment in finance receivables                       |   | 26,555 |  |   | 27,726 |  |
| Less: Allowance for credit losses                                |   | (343 | ) |   | (338 | ) |
| Total finance receivables, net                                   |   | $ | 26,212 |  |   | $ | 27,388 |  |
|                                                             |   |   |   |   |

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts due in              |   | RetailInstallmentSaleContracts |   | WholesaleInstallmentSale Contracts |   | RetailFinance Leases |   | WholesaleFinance Leases |   | RetailNotes |   | Wholesale Notes |   | Total |
| 2017                        |   | $ | 2,730 |  |   | $ | 9 |  |   | $ | 2,374 |  |   | $ | 18 |  |   | $ | 3,774 |  |   | $ | 3,133 |  |   | $ | 12,038 |  |
| 2018                        |   | 2,058 |  |   | 6 |  |   | 1,577 |  |   | 12 |  |   | 1,899 |  |   | 199 |  |   | 5,751 |  |
| 2019                        |   | 1,331 |  |   | 4 |  |   | 907 |  |   | 7 |  |   | 1,351 |  |   | 121 |  |   | 3,721 |  |
| 2020                        |   | 637 |  |   | 1 |  |   | 418 |  |   | 3 |  |   | 1,132 |  |   | 3 |  |   | 2,194 |  |
| 2021                        |   | 175 |  |   | — |  |   | 173 |  |   | 2 |  |   | 1,017 |  |   | 1 |  |   | 1,368 |  |
| Thereafter                  |   | 9 |  |   | — |  |   | 78 |  |   | 1 |  |   | 1,022 |  |   | — |  |   | 1,110 |  |
| Total                       |   | 6,940 |  |   | 20 |  |   | 5,527 |  |   | 43 |  |   | 10,195 |  |   | 3,457 |  |   | 26,182 |  |
| Guaranteed residual value   |   | — |  |   | — |  |   | 318 |  |   | 35 |  |   | — |  |   | — |  |   | 353 |  |
| Unguaranteed residual value |   | — |  |   | — |  |   | 780 |  |   | 5 |  |   | — |  |   | — |  |   | 785 |  |
| Total                       |   | $ | 6,940 |  |   | $ | 20 |  |   | $ | 6,625 |  |   | $ | 83 |  |   | $ | 10,195 |  |   | $ | 3,457 |  |   | $ | 27,320 |  |
|                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | Customer - Finance receivables with retail customers. |

|         |                                                            |
|---------|------------------------------------------------------------|
| • | Dealer - Finance receivables with Caterpillar dealers. |

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | Caterpillar Purchased Receivables - Trade receivables purchased from Caterpillar entities. |

|         |                                                                                             |
|---------|---------------------------------------------------------------------------------------------|
| • | North America - Includes finance receivables originated in the United States or Canada. |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Europe - Includes finance receivables originated in Europe, Africa, Middle East and the Commonwealth of Independent States. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | Asia/Pacific - Includes finance receivables originated in Australia, New Zealand, China, Japan, South Korea and Southeast Asia. |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | Mining - Includes finance receivables related to large mining customers worldwide and project financing in various countries. |

|         |                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------|
| • | Latin America - Includes finance receivables originated in Central and South American countries. |

|         |                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Caterpillar Power Finance - Includes finance receivables related to marine vessels with Caterpillar engines worldwide and Caterpillar electrical power generation, gas compression and co-generation systems and non-Caterpillar equipment that is powered by these systems worldwide. |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                            |   |   |   |   |   |   |   |   |
|                                             |   | December 31, 2016 |
| Allowance for Credit Losses:                     |   | Customer |   | Dealer |   | CaterpillarPurchased Receivables |   | Total |
| Balance at beginning of year                     |   | $ | 327 |  |   | $ | 9 |  |   | $ | 2 |  |   | $ | 338 |  |
| Receivables written off                          |   | (158 | ) |   | — |  |   | — |  |   | (158 | ) |
| Recoveries on receivables previously written off |   | 35 |  |   | — |  |   | — |  |   | 35 |  |
| Provision for credit losses                      |   | 132 |  |   | 1 |  |   | — |  |   | 133 |  |
| Adjustment due to sale of receivables            |   | (8 | ) |   | — |  |   | — |  |   | (8 | ) |
| Foreign currency translation adjustment          |   | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Balance at end of year                           |   | $ | 331 |  |   | $ | 10 |  |   | $ | 2 |  |   | $ | 343 |  |
|                                             |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $ | 85 |  |   | $ | — |  |   | $ | — |  |   | $ | 85 |  |
| Collectively evaluated for impairment            |   | 246 |  |   | 10 |  |   | 2 |  |   | 258 |  |
| Ending Balance                                   |   | $ | 331 |  |   | $ | 10 |  |   | $ | 2 |  |   | $ | 343 |  |
|                                             |   |   |   |   |   |   |   |   |
| Recorded Investment in Finance Receivables:      |   |   |  |   |   |  |   |   |  |   |   |  |
| Individually evaluated for impairment            |   | $ | 786 |  |   | $ | — |  |   | $ | — |  |   | $ | 786 |  |
| Collectively evaluated for impairment            |   | 18,859 |  |   | 4,479 |  |   | 2,431 |  |   | 25,769 |  |
| Ending Balance                                   |   | $ | 19,645 |  |   | $ | 4,479 |  |   | $ | 2,431 |  |   | $ | 26,555 |  |
|                                             |   |   |   |   |   |   |   |   |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                            |   |   |   |   |   |   |   |   |
|                                             |   | December 31, 2015 |
| Allowance for Credit Losses:                     |   | Customer |   | Dealer |   | CaterpillarPurchased Receivables |   | Total |
| Balance at beginning of year                     |   | $ | 388 |  |   | $ | 10 |  |   | $ | 3 |  |   | $ | 401 |  |
| Receivables written off                          |   | (196 | ) |   | — |  |   | — |  |   | (196 | ) |
| Recoveries on receivables previously written off |   | 41 |  |   | — |  |   | — |  |   | 41 |  |
| Provision for credit losses                      |   | 119 |  |   | (1 | ) |   | (1 | ) |   | 117 |  |
| Adjustment due to sale of receivables            |   | (2 | ) |   | — |  |   | — |  |   | (2 | ) |
| Foreign currency translation adjustment          |   | (23 | ) |   | — |  |   | — |  |   | (23 | ) |
| Balance at end of year                           |   | $ | 327 |  |   | $ | 9 |  |   | $ | 2 |  |   | $ | 338 |  |
|                                             |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $ | 65 |  |   | $ | — |  |   | $ | — |  |   | $ | 65 |  |
| Collectively evaluated for impairment            |   | 262 |  |   | 9 |  |   | 2 |  |   | 273 |  |
| Ending Balance                                   |   | $ | 327 |  |   | $ | 9 |  |   | $ | 2 |  |   | $ | 338 |  |
|                                             |   |   |   |   |   |   |   |   |
| Recorded Investment in Finance Receivables:      |   |   |  |   |   |  |   |   |  |   |   |  |
| Individually evaluated for impairment            |   | $ | 601 |  |   | $ | — |  |   | $ | — |  |   | $ | 601 |  |
| Collectively evaluated for impairment            |   | 19,431 |  |   | 5,093 |  |   | 2,601 |  |   | 27,125 |  |
| Ending Balance                                   |   | $ | 20,032 |  |   | $ | 5,093 |  |   | $ | 2,601 |  |   | $ | 27,726 |  |
|                                             |   |   |   |   |   |   |   |   |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                              |   | December 31, 2016 |
|                              |   | 31-60 Days Past Due |   | 61-90 Days Past Due |   | 91+ Days Past Due |   | TotalPast Due |   | Current |   | RecordedInvestment in Finance Receivables |   | 91+ Still Accruing |
| Customer                          |   |   |  |   |   |  |   |   |  |   |   |   |   |   |   |   |   |
| North America                     |   | $ | 50 |  |   | $ | 16 |  |   | $ | 59 |  |   | $ | 125 |  |   | $ | 8,051 |  |   | $ | 8,176 |  |   | $ | 5 |  |
| Europe                            |   | 16 |  |   | 12 |  |   | 39 |  |   | 67 |  |   | 2,388 |  |   | 2,455 |  |   | 6 |  |
| Asia/Pacific                      |   | 18 |  |   | 7 |  |   | 15 |  |   | 40 |  |   | 1,944 |  |   | 1,984 |  |   | 4 |  |
| Mining                            |   | 3 |  |   | 2 |  |   | 63 |  |   | 68 |  |   | 1,756 |  |   | 1,824 |  |   | 2 |  |
| Latin America                     |   | 40 |  |   | 33 |  |   | 214 |  |   | 287 |  |   | 1,808 |  |   | 2,095 |  |   | — |  |
| Caterpillar Power Finance         |   | 11 |  |   | 9 |  |   | 73 |  |   | 93 |  |   | 3,018 |  |   | 3,111 |  |   | 1 |  |
| Dealer                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 2,705 |  |   | 2,705 |  |   | — |  |
| Europe                            |   | — |  |   | — |  |   | — |  |   | — |  |   | 336 |  |   | 336 |  |   | — |  |
| Asia/Pacific                      |   | — |  |   | — |  |   | — |  |   | — |  |   | 582 |  |   | 582 |  |   | — |  |
| Mining                            |   | — |  |   | — |  |   | — |  |   | — |  |   | 6 |  |   | 6 |  |   | — |  |
| Latin America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 848 |  |   | 848 |  |   | — |  |
| Caterpillar Power Finance         |   | — |  |   | — |  |   | — |  |   | — |  |   | 2 |  |   | 2 |  |   | — |  |
| Caterpillar Purchased Receivables |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                     |   | 11 |  |   | 3 |  |   | 1 |  |   | 15 |  |   | 1,303 |  |   | 1,318 |  |   | 1 |  |
| Europe                            |   | — |  |   | — |  |   | 1 |  |   | 1 |  |   | 268 |  |   | 269 |  |   | — |  |
| Asia/Pacific                      |   | — |  |   | — |  |   | — |  |   | — |  |   | 475 |  |   | 475 |  |   | — |  |
| Mining                            |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Latin America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 366 |  |   | 366 |  |   | — |  |
| Caterpillar Power Finance         |   | — |  |   | — |  |   | — |  |   | — |  |   | 3 |  |   | 3 |  |   | — |  |
| Total                             |   | $ | 149 |  |   | $ | 82 |  |   | $ | 465 |  |   | $ | 696 |  |   | $ | 25,859 |  |   | $ | 26,555 |  |   | $ | 19 |  |
|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                              |   | December 31, 2015 |
|                              |   | 31-60 Days Past Due |   | 61-90 Days Past Due |   | 91+ Days Past Due |   | TotalPast Due |   | Current |   | RecordedInvestment in Finance Receivables |   | 91+ Still Accruing |
| Customer                          |   |   |  |   |   |  |   |   |  |   |   |   |   |   |   |   |   |
| North America                     |   | $ | 45 |  |   | $ | 12 |  |   | $ | 30 |  |   | $ | 87 |  |   | $ | 8,031 |  |   | $ | 8,118 |  |   | $ | 4 |  |
| Europe                            |   | 18 |  |   | 7 |  |   | 44 |  |   | 69 |  |   | 2,358 |  |   | 2,427 |  |   | 9 |  |
| Asia/Pacific                      |   | 22 |  |   | 12 |  |   | 21 |  |   | 55 |  |   | 2,108 |  |   | 2,163 |  |   | 6 |  |
| Mining                            |   | 6 |  |   | 1 |  |   | 68 |  |   | 75 |  |   | 1,793 |  |   | 1,868 |  |   | 1 |  |
| Latin America                     |   | 45 |  |   | 31 |  |   | 199 |  |   | 275 |  |   | 1,998 |  |   | 2,273 |  |   | — |  |
| Caterpillar Power Finance         |   | — |  |   | 1 |  |   | 35 |  |   | 36 |  |   | 3,147 |  |   | 3,183 |  |   | 2 |  |
| Dealer                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 3,387 |  |   | 3,387 |  |   | — |  |
| Europe                            |   | — |  |   | — |  |   | — |  |   | — |  |   | 330 |  |   | 330 |  |   | — |  |
| Asia/Pacific                      |   | — |  |   | — |  |   | — |  |   | — |  |   | 611 |  |   | 611 |  |   | — |  |
| Mining                            |   | — |  |   | — |  |   | — |  |   | — |  |   | 4 |  |   | 4 |  |   | — |  |
| Latin America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 758 |  |   | 758 |  |   | — |  |
| Caterpillar Power Finance         |   | — |  |   | — |  |   | — |  |   | — |  |   | 3 |  |   | 3 |  |   | — |  |
| Caterpillar Purchased Receivables |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                     |   | 16 |  |   | 5 |  |   | 1 |  |   | 22 |  |   | 1,386 |  |   | 1,408 |  |   | 1 |  |
| Europe                            |   | 4 |  |   | — |  |   | 4 |  |   | 8 |  |   | 307 |  |   | 315 |  |   | 3 |  |
| Asia/Pacific                      |   | — |  |   | — |  |   | — |  |   | — |  |   | 407 |  |   | 407 |  |   | — |  |
| Mining                            |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Latin America                     |   | — |  |   | — |  |   | — |  |   | — |  |   | 454 |  |   | 454 |  |   | — |  |
| Caterpillar Power Finance         |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | 16 |  |   | 17 |  |   | — |  |
| Total                             |   | $ | 156 |  |   | $ | 70 |  |   | $ | 402 |  |   | $ | 628 |  |   | $ | 27,098 |  |   | $ | 27,726 |  |   | $ | 26 |  |
|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | As of December 31, 2016 |   | As of December 31, 2015 |
| Impaired Finance Receivables WithNo Allowance Recorded |   | RecordedInvestment |   | UnpaidPrincipalBalance |   | RelatedAllowance |   | RecordedInvestment |   | UnpaidPrincipalBalance |   | RelatedAllowance |
| North America                                          |   | $ | 10 |  |   | $ | 10 |  |   | $ | — |  |   | $ | 12 |  |   | $ | 12 |  |   | $ | — |  |
| Europe                                                 |   | 49 |  |   | 48 |  |   | — |  |   | 41 |  |   | 41 |  |   | — |  |
| Asia/Pacific                                           |   | 3 |  |   | 2 |  |   | — |  |   | 1 |  |   | 1 |  |   | — |  |
| Mining                                                 |   | 129 |  |   | 129 |  |   | — |  |   | 84 |  |   | 84 |  |   | — |  |
| Latin America                                          |   | 68 |  |   | 68 |  |   | — |  |   | 28 |  |   | 28 |  |   | — |  |
| Caterpillar Power Finance                              |   | 271 |  |   | 271 |  |   | — |  |   | 242 |  |   | 241 |  |   | — |  |
| Total                                                  |   | $ | 530 |  |   | $ | 528 |  |   | $ | — |  |   | $ | 408 |  |   | $ | 407 |  |   | $ | — |  |
| Impaired Finance Receivables WithAn Allowance Recorded |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| North America                                          |   | $ | 61 |  |   | $ | 60 |  |   | $ | 22 |  |   | $ | 14 |  |   | $ | 13 |  |   | $ | 4 |  |
| Europe                                                 |   | 7 |  |   | 7 |  |   | 3 |  |   | 11 |  |   | 10 |  |   | 5 |  |
| Asia/Pacific                                           |   | 50 |  |   | 50 |  |   | 8 |  |   | 34 |  |   | 34 |  |   | 4 |  |
| Mining                                                 |   | — |  |   | — |  |   | — |  |   | 11 |  |   | 11 |  |   | 3 |  |
| Latin America                                          |   | 93 |  |   | 104 |  |   | 34 |  |   | 53 |  |   | 53 |  |   | 21 |  |
| Caterpillar Power Finance                              |   | 45 |  |   | 44 |  |   | 18 |  |   | 70 |  |   | 70 |  |   | 28 |  |
| Total                                                  |   | $ | 256 |  |   | $ | 265 |  |   | $ | 85 |  |   | $ | 193 |  |   | $ | 191 |  |   | $ | 65 |  |
| Total Impaired Finance Receivables                     |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                                          |   | $ | 71 |  |   | $ | 70 |  |   | $ | 22 |  |   | $ | 26 |  |   | $ | 25 |  |   | $ | 4 |  |
| Europe                                                 |   | 56 |  |   | 55 |  |   | 3 |  |   | 52 |  |   | 51 |  |   | 5 |  |
| Asia/Pacific                                           |   | 53 |  |   | 52 |  |   | 8 |  |   | 35 |  |   | 35 |  |   | 4 |  |
| Mining                                                 |   | 129 |  |   | 129 |  |   | — |  |   | 95 |  |   | 95 |  |   | 3 |  |
| Latin America                                          |   | 161 |  |   | 172 |  |   | 34 |  |   | 81 |  |   | 81 |  |   | 21 |  |
| Caterpillar Power Finance                              |   | 316 |  |   | 315 |  |   | 18 |  |   | 312 |  |   | 311 |  |   | 28 |  |
| Total                                                  |   | $ | 786 |  |   | $ | 793 |  |   | $ | 85 |  |   | $ | 601 |  |   | $ | 598 |  |   | $ | 65 |  |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | Year Ended December 31, 2016 |   | Year Ended December 31, 2015 |   | Year Ended December 31, 2014 |
| Impaired Finance Receivables WithNo Allowance Recorded |   | AverageRecordedInvestment |   | InterestIncomeRecognized |   | AverageRecordedInvestment |   | InterestIncomeRecognized |   | AverageRecordedInvestment |   | InterestIncomeRecognized |
| North America                                          |   | $ | 18 |  |   | $ | 1 |  |   | $ | 12 |  |   | $ | 1 |  |   | $ | 20 |  |   | $ | 1 |  |
| Europe                                                 |   | 46 |  |   | 1 |  |   | 42 |  |   | 1 |  |   | 47 |  |   | 1 |  |
| Asia/Pacific                                           |   | 2 |  |   | — |  |   | 2 |  |   | — |  |   | 3 |  |   | — |  |
| Mining                                                 |   | 98 |  |   | 4 |  |   | 75 |  |   | 3 |  |   | 69 |  |   | 3 |  |
| Latin America                                          |   | 47 |  |   | 1 |  |   | 31 |  |   | — |  |   | 30 |  |   | — |  |
| Caterpillar Power Finance                              |   | 270 |  |   | 11 |  |   | 170 |  |   | 5 |  |   | 164 |  |   | 6 |  |
| Total                                                  |   | $ | 481 |  |   | $ | 18 |  |   | $ | 332 |  |   | $ | 10 |  |   | $ | 333 |  |   | $ | 11 |  |
| Impaired Finance Receivables WithAn Allowance Recorded |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                                          |   | $ | 34 |  |   | $ | — |  |   | $ | 9 |  |   | $ | — |  |   | $ | 9 |  |   | $ | — |  |
| Europe                                                 |   | 11 |  |   | 1 |  |   | 14 |  |   | 1 |  |   | 21 |  |   | 1 |  |
| Asia/Pacific                                           |   | 37 |  |   | 3 |  |   | 44 |  |   | 2 |  |   | 23 |  |   | 1 |  |
| Mining                                                 |   | 13 |  |   | — |  |   | 39 |  |   | 1 |  |   | 90 |  |   | 7 |  |
| Latin America                                          |   | 66 |  |   | 2 |  |   | 56 |  |   | 3 |  |   | 36 |  |   | 1 |  |
| Caterpillar Power Finance                              |   | 50 |  |   | 1 |  |   | 115 |  |   | 3 |  |   | 96 |  |   | 2 |  |
| Total                                                  |   | $ | 211 |  |   | $ | 7 |  |   | $ | 277 |  |   | $ | 10 |  |   | $ | 275 |  |   | $ | 12 |  |
| Total Impaired Finance Receivables                     |   |   |   |   |   |   |   |   |   |   |   |   |
| North America                                          |   | $ | 52 |  |   | $ | 1 |  |   | $ | 21 |  |   | $ | 1 |  |   | $ | 29 |  |   | $ | 1 |  |
| Europe                                                 |   | 57 |  |   | 2 |  |   | 56 |  |   | 2 |  |   | 68 |  |   | 2 |  |
| Asia/Pacific                                           |   | 39 |  |   | 3 |  |   | 46 |  |   | 2 |  |   | 26 |  |   | 1 |  |
| Mining                                                 |   | 111 |  |   | 4 |  |   | 114 |  |   | 4 |  |   | 159 |  |   | 10 |  |
| Latin America                                          |   | 113 |  |   | 3 |  |   | 87 |  |   | 3 |  |   | 66 |  |   | 1 |  |
| Caterpillar Power Finance                              |   | 320 |  |   | 12 |  |   | 285 |  |   | 8 |  |   | 260 |  |   | 8 |  |
| Total                                                  |   | $ | 692 |  |   | $ | 25 |  |   | $ | 609 |  |   | $ | 20 |  |   | $ | 608 |  |   | $ | 23 |  |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |
| (Millions of dollars)     |   |   |   |   |
|                      |   | 2016 |   | 2015 |
| North America             |   | $ | 66 |  |   | $ | 31 |  |
| Europe                    |   | 35 |  |   | 39 |  |
| Asia/Pacific              |   | 12 |  |   | 15 |  |
| Mining                    |   | 69 |  |   | 106 |  |
| Latin America             |   | 307 |  |   | 217 |  |
| Caterpillar Power Finance |   | 90 |  |   | 77 |  |
| Total                     |   | $ | 579 |  |   | $ | 485 |  |
|                      |   |   |   |   |

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |
| (Dollars in millions)     |   | Year Ended December 31, 2016 |
|                      |   | Number ofContracts |   | Pre-TDRRecorded Investment |   | Post-TDRRecorded Investment |
| North America             |   | 25 |  |   | $ | 25 |  |   | $ | 25 |  |
| Europe                    |   | 43 |  |   | 12 |  |   | 9 |  |
| Asia/Pacific              |   | 31 |  |   | 29 |  |   | 28 |  |
| Mining                    |   | 4 |  |   | 74 |  |   | 66 |  |
| Latin America(1)          |   | 437 |  |   | 118 |  |   | 82 |  |
| Caterpillar Power Finance |   | 34 |  |   | 196 |  |   | 177 |  |
| Total                     |   | 574 |  |   | $ | 454 |  |   | $ | 387 |  |
|                      |   |   |   |   |   |   |
|                      |   | Year Ended December 31, 2015 |
|                      |   | Number ofContracts |   | Pre-TDRRecorded Investment |   | Post-TDRRecorded Investment |
| North America             |   | 14 |  |   | $ | 1 |  |   | $ | 1 |  |
| Europe                    |   | 23 |  |   | 2 |  |   | 2 |  |
| Asia/Pacific              |   | 21 |  |   | 26 |  |   | 26 |  |
| Mining                    |   | 4 |  |   | 65 |  |   | 65 |  |
| Latin America             |   | 11 |  |   | 1 |  |   | 2 |  |
| Caterpillar Power Finance |   | 21 |  |   | 259 |  |   | 242 |  |
| Total                     |   | 94 |  |   | $ | 354 |  |   | $ | 338 |  |
|                      |   |   |   |   |   |   |
|                      |   | Year Ended December 31, 2014 |
|                      |   | Number ofContracts |   | Pre-TDRRecorded Investment |   | Post-TDRRecorded Investment |
| North America             |   | 34 |  |   | $ | 12 |  |   | $ | 7 |  |
| Europe                    |   | 8 |  |   | 7 |  |   | 7 |  |
| Asia/Pacific              |   | 2 |  |   | — |  |   | — |  |
| Mining                    |   | 51 |  |   | 185 |  |   | 176 |  |
| Latin America             |   | 35 |  |   | 31 |  |   | 30 |  |
| Caterpillar Power Finance |   | 18 |  |   | 137 |  |   | 139 |  |
| Total                     |   | 148 |  |   | $ | 372 |  |   | $ | 359 |  |
|                      |   |   |   |   |   |   |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Dollars in millions) |   | Year Ended December 31, 2016 |   | Year Ended December 31, 2015 |   | Year Ended December 31, 2014 |
|                  |   | Number ofContracts |   | Post-TDRRecordedInvestment |   | Number ofContracts |   | Post-TDRRecordedInvestment |   | Number ofContracts |   | Post-TDRRecordedInvestment |
| North America         |   | 17 |  |   | $ | 3 |  |   | 12 |  |   | $ | 1 |  |   | 11 |  |   | $ | 1 |  |
| Europe                |   | 16 |  |   | 9 |  |   | — |  |   | — |  |   | 46 |  |   | 2 |  |
| Asia/Pacific          |   | 3 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Latin America         |   | 7 |  |   | 3 |  |   | 12 |  |   | 1 |  |   | 11 |  |   | 1 |  |
| Total                 |   | 43 |  |   | $ | 15 |  |   | 24 |  |   | $ | 2 |  |   | 68 |  |   | $ | 4 |  |
|                  |   |   |   |   |   |   |   |   |   |   |   |   |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |
| (Millions of dollars)                  |   |   |   |   |
|                                   |   | 2016 |   | 2015 |
| Equipment on operating leases, at cost |   | $ | 5,395 |  |   | $ | 5,202 |  |
| Less: Accumulated depreciation         |   | (1,687 | ) |   | (1,638 | ) |
| Equipment on operating leases, net     |   | $ | 3,708 |  |   | $ | 3,564 |  |
|                                   |   |   |   |   |

|      |
|------|
|      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2017 |   | 2018 |   | 2019 |   | 2020 |   | 2021 |   | Thereafter |   | Total |
| $    | 818 |  |   | $ | 538 |  |   | $ | 299 |  |   | $ | 130 |  |   | $ | 38 |  |   | $ | 12 |  |   | $ | 1,835 |  |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |
| (Millions of dollars)                               |   |   |   |   |
|                                                |   | 2016 |   | 2015 |
| Collateral held for resale, at net realizable value |   | $ | 654 |  |   | $ | 560 |  |
| Customer and other miscellaneous receivables        |   | 417 |  |   | 421 |  |
| Other                                               |   | 180 |  |   | 188 |  |
| Total other assets                                  |   | $ | 1,251 |  |   | $ | 1,169 |  |
|                                                |   |   |   |   |

----

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | The 364-day facility of $3.15 billion (of which $2.33 billion is available to us) expires in September 2017. |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The three-year facility, as amended in September 2016, of $2.73 billion (of which $2.01 billion is available to us) expires in September 2019. |

|         |                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The five-year facility, as amended in September 2016, of $4.62 billion (of which $3.41 billion is available to us) expires in September 2021.  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                            |   |   |   |   |
|                                             |   | 2016 |   | 2015 |
|                                             |   | Balance |   | Avg. Rate |   | Balance |   | Avg. Rate |
| Commercial paper, net                            |   | $ | 5,985 |  |   | 0.9% |   | $ | 5,811 |  |   | 0.5% |
| Bank borrowings                                  |   | 553 |  |   | 7.5% |   | 440 |  |   | 9.3% |
| Variable denomination floating rate demand notes |   | 556 |  |   | 0.9% |   | 707 |  |   | 0.8% |
| Total                                            |   | $ | 7,094 |  |   |   |   | $ | 6,958 |  |   |   |
|                                             |   |   |   |   |   |   |   |   |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                        |   |   |   |   |
|                                         |   | 2016 |   | 2015 |
|                                         |   | Balance |   | Avg. Rate |   | Balance |   | Avg. Rate |
| Medium-term notes                            |   | $ | 19,731 |  |   | 2.4% |   | $ | 20,611 |  |   | 2.4% |
| Unamortized discount and debt issuance costs |   | (64 | ) |   |   |   | (37 | ) |   |   |
| Medium-term notes, net                       |   | 19,667 |  |   |   |   | 20,574 |  |   |   |
| Bank borrowings                              |   | 870 |  |   | 4.5% |   | 995 |  |   | 4.0% |
| Total                                        |   | $ | 20,537 |  |   |   |   | $ | 21,569 |  |   |   |
|                                         |   |   |   |   |   |   |   |   |

----

|                       |
|-----------------------|
|                       |  |  |  |
| (Millions of dollars) |   |
| 2017                  | $ | 6,155 |  |
| 2018                  | 5,359 |  |
| 2019                  | 3,680 |  |
| 2020                  | 1,144 |  |
| 2021                  | 1,682 |  |
| Thereafter            | 2,517 |  |
| Total                 | $ | 20,537 |  |
|                  |   |  |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)      |   |   |   |   |   |   |
|                       |   |   |   | Asset (Liability) Fair Value |
|                       |   |   |   | December 31, |
|                       |   | Consolidated Statements of Financial Position Location |   | 2016 |   | 2015 |
| Designated derivatives     |   |   |   |   |   |   |
| Interest rate contracts    |   | Other assets |   | $ | 4 |  |   | $ | 51 |  |
| Interest rate contracts    |   | Accrued expenses |   | (1 | ) |   | (4 | ) |
| Cross currency contracts   |   | Other assets |   | 29 |  |   | 1 |  |
| Cross currency contracts   |   | Accrued expenses |   | (3 | ) |   | — |  |
|                       |   |   |   | $ | 29 |  |   | $ | 48 |  |
| Undesignated derivatives   |   |   |   |   |  |   |   |  |
| Foreign exchange contracts |   | Other assets |   | $ | 12 |  |   | $ | 3 |  |
| Foreign exchange contracts |   | Accrued expenses |   | (4 | ) |   | (6 | ) |
| Cross currency contracts   |   | Other assets |   | 27 |  |   | 36 |  |
|                       |   |   |   | $ | 35 |  |   | $ | 33 |  |
|                       |   |   |   |   |   |   |

----

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |
| Fair Value Hedges       |
| (Millions of dollars)   |
|                    |   |   |   | Year Ended December 31, 2016 |
|                    |   | Classification |   | Gains (Losses)on Derivatives |   | Gains (Losses)on Borrowings |
| Interest rate contracts |   | Other income (expense) |   | $ | (12 | ) |   | $ | 11 |  |
|                    |   |   |   |   |   |   |
|                    |   |   |   | Year Ended December 31, 2015 |
|                    |   | Classification |   | Gains (Losses)on Derivatives |   | Gains (Losses)on Borrowings |
| Interest rate contracts |   | Other income (expense) |   | $ | (27 | ) |   | $ | 26 |  |
|                    |   |   |   |   |   |   |
|                    |   |   |   | Year Ended December 31, 2014 |
|                    |   | Classification |   | Gains (Losses)on Derivatives |   | Gains (Losses)on Borrowings |
| Interest rate contracts |   | Other income (expense) |   | $ | (41 | ) |   | $ | 40 |  |
|                    |   |   |   |   |   |   |

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash Flow Hedges         |
| (Millions of dollars)    |
|                     | Year Ended December 31, 2016 |
|                     |   | Recognized in Earnings |
|                     | Amounts of Gains (Losses) Recognized in AOCI (Effective Portion) | Classification |   | Reclassified from AOCI to Earnings(Effective Portion) |   | Recognized in Earnings (Ineffective Portion) |
| Interest rate contracts  | $ | 8 |  | Interest expense |   | $ | (3 | ) |   | $ | — |  |
| Cross currency contracts | 15 |  | Other income (expense) |   | 28 |  |   | — |  |
|                     | $ | 23 |  |   |   | $ | 25 |  |   | $ | — |  |
|                     |   |   |   |   |   |   |
|                     | Year Ended December 31, 2015 |
|                     |   | Recognized in Earnings |
|                     | Amounts of Gains (Losses) Recognized in AOCI (Effective Portion) | Classification |   | Reclassified from AOCI to Earnings(Effective Portion) |   | Recognized in Earnings (Ineffective Portion) |
| Interest rate contracts  | $ | 2 |  | Interest expense |   | $ | (6 | ) |   | $ | — |  |
| Cross currency contracts | 1 |  | Other income (expense) |   | 1 |  |   | — |  |
|                     | $ | 3 |  |   |   | $ | (5 | ) |   | $ | — |  |
|                     |   |   |   |   |   |   |
|                     | Year Ended December 31, 2014 |
|                     |   | Recognized in Earnings |
|                     | Amounts of Gains (Losses) Recognized in AOCI (Effective Portion) | Classification |   | Reclassified from AOCI to Earnings(Effective Portion) |   | Recognized in Earnings (Ineffective Portion) |
| Interest rate contracts  | $ | (6 | ) | Interest expense |   | $ | (6 | ) |   | $ | — |  |
|                     |   |   |   |   |   |   |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)      |   |   |   |   |   |   |   |   |
|                       |   | Classification |   | 2016 |   | 2015 |   | 2014 |
| Foreign exchange contracts |   | Other income (expense) |   | $ | (10 | ) |   | $ | (50 | ) |   | $ | (49 | ) |
| Cross currency contracts   |   | Other income (expense) |   | (14 | ) |   | 16 |  |   | 2 |  |
|                       |   |   |   | $ | (24 | ) |   | $ | (34 | ) |   | $ | (47 | ) |
|                       |   |   |   |   |   |   |   |   |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |
| Offsetting of Derivative Assets and Liabilities |   |   |   |   |
| (Millions of dollars)                           |   |   |   |   |
|                                            |   | 2016 |   | 2015 |
| Derivative Assets                               |   |   |   |   |
| Gross Amount of Recognized Assets               |   | $ | 72 |  |   | $ | 91 |  |
| Gross Amounts Offset                            |   | — |  |   | — |  |
| Net Amount of Assets(1)                         |   | 72 |  |   | 91 |  |
| Gross Amounts Not Offset                        |   | (7 | ) |   | (5 | ) |
| Net Amount                                      |   | $ | 65 |  |   | $ | 86 |  |
|                                            |   |   |   |   |
| Derivative Liabilities                          |   |   |   |   |
| Gross Amount of Recognized Liabilities          |   | $ | (8 | ) |   | $ | (10 | ) |
| Gross Amounts Offset                            |   | — |  |   | — |  |
| Net Amount of Liabilities(1)                    |   | (8 | ) |   | (10 | ) |
| Gross Amounts Not Offset                        |   | 7 |  |   | 5 |  |
| Net Amount                                      |   | $ | (1 | ) |   | $ | (5 | ) |
|                                            |   |   |   |   |

----

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars) |   |   |   |   |   |   |
|                  |   | 2016 |   | 2015 |   | 2014 |
| U.S.                  |   | $ | 249 |  |   | $ | 230 |  |   | $ | 207 |  |
| Non-U.S.              |   | 312 |  |   | 389 |  |   | 546 |  |
| Total                 |   | $ | 561 |  |   | $ | 619 |  |   | $ | 753 |  |
|                  |   |   |   |   |   |   |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                    |   |   |   |   |   |   |
|                                     |   | 2016 |   | 2015 |   | 2014 |
| Current income tax provision (benefit):  |   |   |   |   |   |   |
| U.S.                                     |   | $ | (18 | ) |   | $ | (21 | ) |   | $ | 14 |  |
| Non-U.S.                                 |   | 111 |  |   | 109 |  |   | 138 |  |
| State (U.S.)                             |   | — |  |   | 2 |  |   | (1 | ) |
|                                     |   | 93 |  |   | 90 |  |   | 151 |  |
|                                     |   |   |   |   |   |   |
| Deferred income tax provision (benefit): |   |   |  |   |   |  |   |   |  |
| U.S.                                     |   | 90 |  |   | 45 |  |   | 44 |  |
| Non-U.S.                                 |   | (15 | ) |   | 21 |  |   | 13 |  |
| State (U.S.)                             |   | 3 |  |   | 2 |  |   | 1 |  |
|                                     |   | 78 |  |   | 68 |  |   | 58 |  |
|                                     |   |   |   |   |   |   |
| Total Provision for income taxes         |   | $ | 171 |  |   | $ | 158 |  |   | $ | 209 |  |
|                                     |   |   |   |   |   |   |

----

|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                                       |   |   |   |   |   |   |
|                                                                                        |   | 2016 |   | 2015 |   | 2014 |
| Taxes computed at U.S. statutory rates                                                      |   | $ | 196 |  |   | 35.0 |  % |   | $ | 217 |  |   | 35.0 |  % |   | $ | 264 |  |   | 35.0 |  % |
| (Decreases) increases in taxes resulting from:                                              |   |   |   |   |   |   |  |   |   |  |   |   |  |   |   |  |
| State Income Tax, net of Federal Tax                                                        |   | 2 |  |   | 0.4 |  % |   | 3 |  |   | 0.5 |  % |   | — |  |   | — |  % |
| Subsidiaries' results subject to tax rates other than U.S. statutory rates                  |   | (36 | ) |   | (6.5 | )% |   | (25 | ) |   | (4.0 | )% |   | (55 | ) |   | (7.2 | )% |
| Income from non-U.S. subsidiaries taxed at U.S. statutory rates, net of foreign tax credits |   | 2 |  |   | 0.3 |  % |   | (39 | ) |   | (6.3 | )% |   | — |  |   | — |  % |
| Foreign currency translation taxed at non-U.S. subsidiaries                                 |   | 13 |  |   | 2.3 |  % |   | 6 |  |   | 0.9 |  % |   | 2 |  |   | 0.2 |  % |
| Other, net                                                                                  |   | (6 | ) |   | (1.1 | )% |   | (4 | ) |   | (0.6 | )% |   | (2 | ) |   | (0.2 | )% |
| Provision for income taxes                                                                  |   | $ | 171 |  |   | 30.4 |  % |   | $ | 158 |  |   | 25.5 |  % |   | $ | 209 |  |   | 27.8 |  % |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |
| (Millions of dollars)                       |   |   |   |   |
|                                        |   | 2016 |   | 2015 |
| Assets:                                     |   |   |   |   |
| Deferred and refundable income taxes        |   | $ | 89 |  |   | $ | 75 |  |
| Liabilities:                                |   |   |  |   |   |  |
| Deferred income taxes and other liabilities |   | (939 | ) |   | (812 | ) |
| Deferred income taxes, net                  |   | $ | (850 | ) |   | $ | (737 | ) |
|                                        |   |   |   |   |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                               |   |   |   |   |
|                                                                |   | 2016 |   | 2015 |
| Deferred income tax assets:                                         |   |   |   |   |
| Allowance for credit losses                                         |   | $ | 148 |  |   | $ | 142 |  |
| Tax carryforwards                                                   |   | 73 |  |   | 48 |  |
|                                                                |   | 221 |  |   | 190 |  |
|                                                                |   |   |   |   |
| Deferred income tax liabilities (primarily lease basis differences) |   | (693 | ) |   | (574 | ) |
|                                                                |   |   |   |   |
| Valuation allowance for deferred income tax assets                  |   | (10 | ) |   | (10 | ) |
|                                                                |   |   |   |   |
| Deferred income tax on translation adjustment                       |   | (368 | ) |   | (343 | ) |
|                                                                |   |   |   |   |
| Deferred income taxes, net                                          |   | $ | (850 | ) |   | $ | (737 | ) |
|                                                                |   |   |   |   |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars) |   |   |   |   |   |   |   |   |
| 2017                  |   | 2018 |   | 2019 |   | 2020 |   | 2021-2031 |   | Total |
| $                     | 2 |  |   | $ | 6 |  |   | $ | 4 |  |   | $ | 1 |  |   | $ | 162 |  |   | $ | 175 |  |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars) |   |   |   |   |   |   |   |   |   |   |
| 2017                  |   | 2018 |   | 2019 |   | 2020 |   | 2021-2031 |   | Unlimited |   | Total |
| $                     | — |  |   | $ | — |  |   | $ | — |  |   | $ | 7 |  |   | $ | 29 |  |   | $ | 44 |  |   | $ | 80 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                           |   |   |   |   |
|                                                            |   | 2016 |   | 2015 |
| Reconciliation of unrecognized income tax benefits(1):          |   |   |   |   |
| Balance at beginning of year                                    |   | $ | — |  |   | $ | — |  |
| Additions for income tax positions related to current year      |   | 1 |  |   | — |  |
| Additions for income tax positions related to prior year        |   | 3 |  |   | 2 |  |
| Reductions for income tax positions related to settlements(2)   |   | — |  |   | (2 | ) |
| Balance at end of year                                          |   | $ | 4 |  |   | $ | — |  |
|                                                            |   |   |   |   |
| Amount that, if recognized, would impact the effective tax rate |   | $ | — |  |   | $ | — |  |
|                                                            |   |   |   |   |

----

|    |                         |
|----|-------------------------|
| A. | Fair Value Measurements |

|         |                                                                                |
|---------|--------------------------------------------------------------------------------|
| • | Level 1 – Quoted prices for identical instruments in active markets. |

|         |                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. |

----

|    |                                      |
|----|--------------------------------------|
| B. | Fair Values of Financial Instruments |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                  |   | 2016 |   | 2015 |   |   |
|                                                   |   | Carrying Amount |   | Fair Value |   | Carrying Amount |   | Fair Value | Fair Value Levels | Reference |
| Cash and cash equivalents                              |   | $ | 1,795 |  |   | $ | 1,795 |  |   | $ | 1,016 |  |   | $ | 1,016 |  | 1 |   |
| Finance receivables, net (excluding finance leases(1)) |   | $ | 20,101 |  |   | $ | 19,949 |  |   | $ | 20,935 |  |   | $ | 20,925 |  | 3 | Note 3 |
| Interest rate contracts:                               |   |   |  |   |   |  |   |   |  |   |   |  |   |   |
| In a net receivable position                           |   | $ | 4 |  |   | $ | 4 |  |   | $ | 51 |  |   | $ | 51 |  | 2 | Note 10 |
| In a net payable position                              |   | $ | (1 | ) |   | $ | (1 | ) |   | $ | (4 | ) |   | $ | (4 | ) | 2 | Note 10 |
| Cross currency contracts                               |   |   |   |   |   |   |   |   |   |   |
| In a receivable position                               |   | $ | 56 |  |   | $ | 56 |  |   | $ | 37 |  |   | $ | 37 |  | 2 | Note 10 |
| In a payable position                                  |   | $ | (3 | ) |   | $ | (3 | ) |   | $ | — |  |   | $ | — |  | 2 | Note 10 |
| Foreign currency contracts:                            |   |   |  |   |   |  |   |   |  |   |   |  |   |   |
| In a receivable position                               |   | $ | 12 |  |   | $ | 12 |  |   | $ | 3 |  |   | $ | 3 |  | 2 | Note 10 |
| In a payable position                                  |   | $ | (4 | ) |   | $ | (4 | ) |   | $ | (6 | ) |   | $ | (6 | ) | 2 | Note 10 |
| Restricted cash and cash equivalents(2)                |   | $ | 29 |  |   | $ | 29 |  |   | $ | 18 |  |   | $ | 18 |  | 1 |   |
| Short-term borrowings                                  |   | $ | (7,094 | ) |   | $ | (7,094 | ) |   | $ | (6,958 | ) |   | $ | (6,958 | ) | 1 | Note 8 |
| Long-term debt                                         |   | $ | (20,537 | ) |   | $ | (20,724 | ) |   | $ | (21,569 | ) |   | $ | (21,904 | ) | 2 | Note 9 |
| Guarantees                                             |   | $ | (1 | ) |   | $ | (1 | ) |   | $ | — |  |   | $ | — |  | 3 | Note 11 |
|                                                   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                        |   |   |   |   |   |   |
|                                                         |   | 2016 |   | 2015 |   | 2014 |
| Notes payable as of December 31,                             |   | $ | 1,637 |  |   | $ | 1,096 |  |   | $ | 1,108 |  |
| Notes receivable as of December 31,                          |   | $ | 530 |  |   | $ | 490 |  |   | $ | 414 |  |
| Interest expense                                             |   | $ | 15 |  |   | $ | 6 |  |   | $ | 7 |  |
| Interest income on Notes Receivable with Caterpillar(1)      |   | $ | 30 |  |   | $ | 21 |  |   | $ | 18 |  |
| Fees on committed credit facility extended to Caterpillar(1) |   | $ | 40 |  |   | $ | 40 |  |   | $ | 41 |  |
|                                                         |   |   |   |   |   |   |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                    |   |   |   |   |   |   |
|                                     |   | 2016 |   | 2015 |   | 2014 |
| Purchases made                           |   | $ | 28,631 |  |   | $ | 33,154 |  |   | $ | 36,816 |  |
| Discounts earned                         |   | $ | 207 |  |   | $ | 222 |  |   | $ | 243 |  |
| Purchased Receivables as of December 31, |   | $ | 2,431 |  |   | $ | 2,601 |  |   | $ | 3,238 |  |
|                                     |   |   |   |   |   |   |

----

|                       |
|-----------------------|
|                       |  |  |  |
| (Millions of dollars) |   |
| 2017                  | $ | 15 |  |
| 2018                  | 14 |  |
| 2019                  | 13 |  |
| 2020                  | 12 |  |
| 2021                  | 12 |  |
| Thereafter            | 7 |  |
| Total                 | $ | 73 |  |
|                  |   |  |

----

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | North America - Includes our operations in the United States and Canada. |

|         |                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------|
| • | Europe -  Includes our operations in Europe, Africa, Middle East and the Commonwealth of Independent States.   |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Asia/Pacific - Includes our operations in Australia, New Zealand, China, Japan, South Korea and Southeast Asia.   |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Latin America and Caterpillar Power Finance - Includes our operations in Central and South American countries.  This segment also includes Caterpillar Power Finance (CPF), which finances marine vessels with Caterpillar engines worldwide and also provides financing for Caterpillar electrical power generation, gas compression and co-generation systems and non-Caterpillar equipment that is powered by these systems worldwide.  |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| • | Mining - Serves large mining customers worldwide and provides project financing in various countries.  |

|         |                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Unallocated - This item is related to corporate requirements and strategies that are considered to be for the benefit of the entire organization.  Also included are the consolidated results of the special purpose corporation (see Note 11 for additional information) and other miscellaneous items. |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | Timing - Timing differences in the recognition of costs between segment reporting and consolidated external reporting. |

|         |                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------|
| • | Methodology - Methodology differences between segment reporting and consolidated external reporting are as follows: |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| ◦ | Segment assets include off-balance sheet managed assets for which we maintain servicing responsibilities. |

|         |                                                                                        |
|---------|----------------------------------------------------------------------------------------|
| ◦ | The impact of differences between the actual leverage and the segment leverage ratios. |

|         |                                                                                          |
|---------|------------------------------------------------------------------------------------------|
| ◦ | Interest expense includes realized forward points on foreign currency forward contracts. |

|         |                                                      |
|---------|------------------------------------------------------|
| ◦ | The net gain or loss from interest rate derivatives. |

|         |                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------|
| ◦ | The profit attributable to noncontrolling interests is considered a component of segment profit. |

----

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars) 2016 | External Revenues |   | Profitbefore income taxes |   | InterestExpense |   | Depreciationon equipmentleased toothers |   | Provisionforcreditlosses |   | Assets atDecember 31,2016 |   | Capitalexpenditures |
| North America                   | $ | 1,230 |  |   | $ | 326 |  |   | $ | 287 |  |   | $ | 477 |  |   | $ | 28 |  |   | $ | 14,925 |  |   | $ | 1,180 |  |
| Europe                          | 268 |  |   | 86 |  |   | 33 |  |   | 83 |  |   | — |  |   | 3,834 |  |   | 147 |  |
| Asia/Pacific                    | 254 |  |   | 82 |  |   | 81 |  |   | 29 |  |   | 3 |  |   | 3,620 |  |   | 74 |  |
| Latin America and CPF           | 487 |  |   | 77 |  |   | 156 |  |   | 61 |  |   | 100 |  |   | 7,270 |  |   | 26 |  |
| Mining                          | 308 |  |   | 49 |  |   | 47 |  |   | 188 |  |   | 7 |  |   | 2,734 |  |   | 206 |  |
| Total Segments                  | 2,547 |  |   | 620 |  |   | 604 |  |   | 838 |  |   | 138 |  |   | 32,383 |  |   | 1,633 |  |
| Unallocated                     | 80 |  |   | (138 | ) |   | 116 |  |   | — |  |   | — |  |   | 1,688 |  |   | — |  |
| Timing                          | (32 | ) |   | (12 | ) |   | — |  |   | 3 |  |   | (3 | ) |   | 27 |  |   | 3 |  |
| Methodology                     | — |  |   | 91 |  |   | (109 | ) |   | — |  |   | — |  |   | (220 | ) |   | — |  |
| Inter-segment Eliminations (1)  | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (263 | ) |   | — |  |
| Total                           | $ | 2,595 |  |   | $ | 561 |  |   | $ | 611 |  |   | $ | 841 |  |   | $ | 135 |  |   | $ | 33,615 |  |   | $ | 1,636 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  2015                      | External Revenues |   | Profitbefore income taxes |   | InterestExpense |   | Depreciationon equipmentleased toothers |   | Provisionforcreditlosses |   | Assets atDecember 31,2015 |   | Capitalexpenditures |
| North America                   | $ | 1,156 |  |   | $ | 370 |  |   | $ | 261 |  |   | $ | 409 |  |   | $ | 7 |  |   | $ | 14,419 |  |   | $ | 1,118 |  |
| Europe                          | 284 |  |   | 96 |  |   | 31 |  |   | 76 |  |   | 3 |  |   | 3,758 |  |   | 136 |  |
| Asia/Pacific                    | 285 |  |   | 65 |  |   | 100 |  |   | 21 |  |   | 29 |  |   | 3,923 |  |   | 37 |  |
| Latin America and CPF           | 533 |  |   | 108 |  |   | 152 |  |   | 104 |  |   | 64 |  |   | 7,376 |  |   | 89 |  |
| Mining                          | 380 |  |   | 52 |  |   | 56 |  |   | 226 |  |   | 14 |  |   | 2,947 |  |   | 69 |  |
| Total Segments                  | 2,638 |  |   | 691 |  |   | 600 |  |   | 836 |  |   | 117 |  |   | 32,423 |  |   | 1,449 |  |
| Unallocated                     | 65 |  |   | (101 | ) |   | 67 |  |   | — |  |   | — |  |   | 1,743 |  |   | 9 |  |
| Timing                          | (30 | ) |   | (32 | ) |   | — |  |   | — |  |   | 2 |  |   | 164 |  |   | 3 |  |
| Methodology                     | — |  |   | 61 |  |   | (74 | ) |   | — |  |   | — |  |   | (216 | ) |   | — |  |
| Inter-segment Eliminations (1)  | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (247 | ) |   | — |  |
| Total                           | $ | 2,673 |  |   | $ | 619 |  |   | $ | 593 |  |   | $ | 836 |  |   | $ | 119 |  |   | $ | 33,867 |  |   | $ | 1,461 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  2014                      | External Revenues |   | Profitbefore income taxes |   | InterestExpense |   | Depreciationon equipmentleased toothers |   | Provisionforcreditlosses |   | Assets atDecember 31,2014 |   | Capitalexpenditures |
| North America                   | $ | 1,067 |  |   | $ | 355 |  |   | $ | 240 |  |   | $ | 361 |  |   | $ | 3 |  |   | $ | 13,633 |  |   | $ | 1,068 |  |
| Europe                          | 353 |  |   | 114 |  |   | 52 |  |   | 94 |  |   | 10 |  |   | 4,276 |  |   | 133 |  |
| Asia/Pacific                    | 368 |  |   | 129 |  |   | 116 |  |   | 24 |  |   | 35 |  |   | 4,766 |  |   | 34 |  |
| Latin America and CPF           | 594 |  |   | 144 |  |   | 166 |  |   | 118 |  |   | 62 |  |   | 7,994 |  |   | 111 |  |
| Mining                          | 471 |  |   | 68 |  |   | 67 |  |   | 273 |  |   | 31 |  |   | 3,252 |  |   | 269 |  |
| Total Segments                  | 2,853 |  |   | 810 |  |   | 641 |  |   | 870 |  |   | 141 |  |   | 33,921 |  |   | 1,615 |  |
| Unallocated                     | 60 |  |   | (86 | ) |   | 46 |  |   | — |  |   | — |  |   | 1,551 |  |   | 10 |  |
| Timing                          | (28 | ) |   | (8 | ) |   | — |  |   | — |  |   | (2 | ) |   | 120 |  |   | 2 |  |
| Methodology                     | — |  |   | 37 |  |   | (56 | ) |   | — |  |   | — |  |   | (215 | ) |   | — |  |
| Inter-segment Eliminations (1)  | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (243 | ) |   | — |  |
| Total                           | $ | 2,885 |  |   | $ | 753 |  |   | $ | 631 |  |   | $ | 870 |  |   | $ | 139 |  |   | $ | 35,134 |  |   | $ | 1,627 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)                                                                             |   |   |   |   |   |   |
|                                                                                              |   | 2016 |   | 2015 |   | 2014 |
| Revenues                                                                                          |   |   |   |   |   |   |
| Inside U.S.                                                                                       |   | $ | 1,397 |  |   | $ | 1,330 |  |   | $ | 1,219 |  |
| Inside Canada                                                                                     |   | 171 |  |   | 198 |  |   | 259 |  |
| Inside Australia                                                                                  |   | 176 |  |   | 200 |  |   | 261 |  |
| All other                                                                                         |   | 851 |  |   | 945 |  |   | 1,146 |  |
| Total                                                                                             |   | $ | 2,595 |  |   | $ | 2,673 |  |   | $ | 2,885 |  |
|                                                                                              |   |   |   |   |   |   |
| Equipment on Operating Leases and Non-Leased  Equipment (included in Other Assets), Net |   | 2016 |   | 2015 |   |   |
| Inside U.S.                                                                                       |   | $ | 2,401 |  |   | $ | 2,058 |  |   |   |
| Inside Canada                                                                                     |   | 535 |  |   | 572 |  |   |   |
| Inside Australia                                                                                  |   | 250 |  |   | 282 |  |   |   |
| All other                                                                                         |   | 584 |  |   | 716 |  |   |   |
| Total                                                                                             |   | $ | 3,770 |  |   | $ | 3,628 |  |   |   |
|                                                                                              |   |   |   |   |   |   |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Millions of dollars)      |   |   |   |   |   |   |
| 2016                       |   | First quarter |   | Second quarter |   | Third quarter |   | Fourth quarter |
| Total revenues             |   | $ | 643 |  |   | $ | 659 |  |   | $ | 651 |  |   | $ | 642 |  |
| Profit before income taxes |   | $ | 145 |  |   | $ | 148 |  |   | $ | 146 |  |   | $ | 122 |  |
| Profit                     |   | $ | 100 |  |   | $ | 102 |  |   | $ | 97 |  |   | $ | 85 |  |
|                       |   |   |   |   |   |   |   |   |
| 2015                       |   | First quarter |   | Second quarter |   | Third quarter |   | Fourth quarter |
| Total revenues             |   | $ | 689 |  |   | $ | 683 |  |   | $ | 653 |  |   | $ | 648 |  |
| Profit before income taxes |   | $ | 187 |  |   | $ | 150 |  |   | $ | 153 |  |   | $ | 129 |  |
| Profit                     |   | $ | 133 |  |   | $ | 104 |  |   | $ | 109 |  |   | $ | 114 |  |
|                       |   |   |   |   |   |   |   |   |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |
| (Millions of dollars)                      |   |
| Liability balance at December 31, 2014     | $ | — |  |
| Increase in liability (separation charges) | 15 |  |
| Reduction in liability (payments)          | (5 | ) |
| Liability balance at December 31, 2015     | $ | 10 |  |
| Increase in liability (separation charges) | — |  |
| Reduction in liability (payments)          | (10 | ) |
| Liability balance at December 31, 2016     | $ | — |  |
|                                       |   |  |