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Revenue (Tables)
6 Months Ended
Jun. 30, 2018
Revenue From Contract With Customer [Abstract]  
Summary of Net Revenue

 

The following tables summarize revenues for the three and six months ended June 30, 2018 and 2017:

 

 

Three Months Ended June 30, 2018

 

 

 

EMEA

 

 

NAFTA

 

 

LATAM

 

 

APAC

 

 

Total

 

 

 

(in millions)

 

Agricultural Equipment

 

$

1,399

 

 

$

1,077

 

 

$

353

 

 

$

483

 

 

$

3,312

 

Construction Equipment

 

 

157

 

 

 

403

 

 

 

93

 

 

 

146

 

 

 

799

 

Commercial Vehicles

 

 

2,452

 

 

 

2

 

 

 

226

 

 

 

209

 

 

 

2,889

 

Powertrain

 

 

855

 

 

 

36

 

 

 

62

 

 

 

265

 

 

 

1,218

 

Eliminations and Other

 

 

(540

)

 

 

(22

)

 

 

(54

)

 

 

(23

)

 

 

(639

)

Total Industrial Activities

 

$

4,323

 

 

$

1,496

 

 

$

680

 

 

$

1,080

 

 

$

7,579

 

Financial Services

 

 

78

 

 

 

330

 

 

 

65

 

 

 

25

 

 

 

498

 

Eliminations and Other

 

 

(31

)

 

 

(4

)

 

 

4

 

 

 

(1

)

 

 

(32

)

Total Revenues

 

$

4,370

 

 

$

1,822

 

 

$

749

 

 

$

1,104

 

 

$

8,045

 

 

 

 

Three Months Ended June 30, 2017

 

 

 

EMEA

 

 

NAFTA

 

 

LATAM

 

 

APAC

 

 

Total

 

 

 

(in millions)

 

Agricultural Equipment

 

$

1,126

 

 

$

890

 

 

$

349

 

 

$

401

 

 

$

2,766

 

Construction Equipment

 

 

130

 

 

 

346

 

 

 

69

 

 

 

105

 

 

 

650

 

Commercial Vehicles

 

 

2,126

 

 

 

3

 

 

 

202

 

 

 

267

 

 

 

2,598

 

Powertrain

 

 

826

 

 

 

30

 

 

 

67

 

 

 

213

 

 

 

1,136

 

Eliminations and Other

 

 

(537

)

 

 

(18

)

 

 

(55

)

 

 

(15

)

 

 

(625

)

Total Industrial Activities

 

$

3,671

 

 

$

1,251

 

 

$

632

 

 

$

971

 

 

$

6,525

 

Financial Services

 

 

84

 

 

 

331

 

 

 

65

 

 

 

22

 

 

 

502

 

Eliminations and Other

 

 

(30

)

 

 

2

 

 

 

4

 

 

 

 

 

 

(24

)

Total Revenues

 

$

3,725

 

 

$

1,584

 

 

$

701

 

 

$

993

 

 

$

7,003

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

EMEA

 

 

NAFTA

 

 

LATAM

 

 

APAC

 

 

Total

 

 

 

(in millions)

 

Agricultural Equipment

 

$

2,397

 

 

$

1,848

 

 

$

709

 

 

$

937

 

 

$

5,891

 

Construction Equipment

 

 

309

 

 

 

725

 

 

 

169

 

 

 

278

 

 

 

1,481

 

Commercial Vehicles

 

 

4,583

 

 

 

6

 

 

 

388

 

 

 

407

 

 

 

5,384

 

Powertrain

 

 

1,724

 

 

 

72

 

 

 

126

 

 

 

482

 

 

 

2,404

 

Eliminations and Other

 

 

(1,089

)

 

 

(46

)

 

 

(106

)

 

 

(40

)

 

 

(1,281

)

Total Industrial Activities

 

$

7,924

 

 

$

2,605

 

 

$

1,286

 

 

$

2,064

 

 

$

13,879

 

Financial Services

 

 

164

 

 

 

651

 

 

 

134

 

 

 

51

 

 

 

1,000

 

Eliminations and Other

 

 

(65

)

 

 

(7

)

 

 

12

 

 

 

(1

)

 

 

(61

)

Total Revenues

 

$

8,023

 

 

$

3,249

 

 

$

1,432

 

 

$

2,114

 

 

$

14,818

 

 

 

 

Six Months Ended June 30, 2017

 

 

 

EMEA

 

 

NAFTA

 

 

LATAM

 

 

APAC

 

 

Total

 

 

 

(in millions)

 

Agricultural Equipment

 

$

1,922

 

 

$

1,610

 

 

$

715

 

 

$

759

 

 

$

5,006

 

Construction Equipment

 

 

227

 

 

 

613

 

 

 

123

 

 

 

189

 

 

 

1,152

 

Commercial Vehicles

 

 

3,923

 

 

 

9

 

 

 

364

 

 

 

427

 

 

 

4,723

 

Powertrain

 

 

1,582

 

 

 

60

 

 

 

125

 

 

 

370

 

 

 

2,137

 

Eliminations and Other

 

 

(1,030

)

 

 

(40

)

 

 

(103

)

 

 

(30

)

 

 

(1,203

)

Total Industrial Activities

 

$

6,624

 

 

$

2,252

 

 

$

1,224

 

 

$

1,715

 

 

$

11,815

 

Financial Services

 

 

159

 

 

 

680

 

 

 

131

 

 

 

44

 

 

 

1,014

 

Eliminations and Other

 

 

(59

)

 

 

4

 

 

 

14

 

 

 

 

 

 

(41

)

Total Revenues

 

$

6,724

 

 

$

2,936

 

 

$

1,369

 

 

$

1,759

 

 

$

12,788

 

 

Summary of Disaggregation of Net Revenues by Major Source

The following table disaggregates revenues by major source for the three and six months ended June 30, 2018 and 2017:

 

 

Three Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

 

(in millions)

 

Revenues from:

 

 

 

 

 

 

 

 

Sales of goods

 

$

7,384

 

 

$

6,326

 

Rendering of services

 

 

76

 

 

 

93

 

Rents on assets sold with a buy-back commitment

 

 

119

 

 

 

106

 

Revenues from sales of goods and services

 

 

7,579

 

 

 

6,525

 

Finance and interest income

 

 

280

 

 

 

288

 

Rents and other income on operating lease

 

 

186

 

 

 

190

 

Finance, interest and other income

 

 

466

 

 

 

478

 

Total Revenues

 

$

8,045

 

 

$

7,003

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

 

(in millions)

 

Revenues from:

 

 

 

 

 

 

 

 

Sales of goods

 

$

13,449

 

 

$

11,412

 

Rendering of services

 

 

185

 

 

 

198

 

Rents on assets sold with a buy-back commitment

 

 

245

 

 

 

205

 

Revenues from sales of goods and services

 

 

13,879

 

 

 

11,815

 

Finance and interest income

 

 

574

 

 

 

580

 

Rents and other income on operating lease

 

 

365

 

 

 

393

 

Finance, interest and other income

 

 

939

 

 

 

973

 

Total Revenues

 

$

14,818

 

 

$

12,788