The following tables summarize selected financial information by segment as well as the reconciliation from consolidated net income (loss) under U.S. GAAP to adjusted EBIT and adjusted EBITDA for the three and six months ended June 30, 2018 and 2017.

	Three Months Ended June 30, 2018
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities			Financial Services		Eliminations			Total
	(in millions)
Revenues	$	3,312	$	799	$	2,889	$	1,218	$	(639	)	$	7,579		$	498	$	(32	)	$	8,045
Net income⁽¹⁾													306			102		—			408
Add back:
Income tax expense													79			39		—			118
Interest expense of Industrial Activities, net of interest income and eliminations													88			—		—			88
Foreign exchange losses, net													97			—		—			97
Finance and non-service component of Pension and OPEB costs⁽²⁾													(4	)		—		—			(4	)
Adjustments:
Restructuring expenses		1		—		3		1		—			5			—		—			5
Adjusted EBIT	$	396	$	33	$	92	$	108	$	(58	)	$	571		$	141	$	—		$	712
Depreciation and amortization		75		15		53		33		1			177			2		—			179
Depreciation of assets on operating lease and assets sold with buy-back commitment		1		—		94		—		—			95			60		—			155
Adjusted EBITDA	$	472	$	48	$	239	$	141	$	(57	)	$	843		$	203	$	—		$	1,046

(1)

For Industrial Activities, net income net of “Results from intersegment investments”.

(2)

This item includes the pre-tax gain of $20 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the modification of certain healthcare benefits in the U.S.

	Six Months Ended June 30, 2018
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities		Financial Services		Eliminations			Total
	(in millions)
Revenues	$	5,891	$	1,481	$	5,384	$	2,404	$	(1,281	)	$	13,879	$	1,000	$	(61	)	$	14,818
Net income⁽¹⁾													405		205		—			610
Add back:
Income tax expense													102		79		—			181
Interest expense of Industrial Activities, net of interest income and eliminations													181		—		—			181
Foreign exchange losses, net													122		—		—			122
Finance and non-service component of Pension and OPEB costs⁽²⁾													14		—		—			14
Adjustments:
Restructuring expenses		1		—		6		1		—			8		—		—			8
Adjusted EBIT	$	582	$	33	$	141	$	203	$	(127	)	$	832	$	284	$	—		$	1,116
Depreciation and amortization		154		31		108		67		1			361		3		—			364
Depreciation of assets on operating lease and assets sold with buy-back commitment		1		—		196		—		—			197		126		—			323
Adjusted EBITDA	$	737	$	64	$	445	$	270	$	(126	)	$	1,390	$	413	$	—		$	1,803

(1)

For Industrial Activities, net income net of “Results from intersegment investments”.

(2)

This item includes the pre-tax income of $20 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the modification of certain healthcare benefits in the U.S.

	Three Months Ended June 30, 2017
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities		Financial Services		Eliminations			Total
	(in millions)
Revenues	$	2,766	$	650	$	2,598	$	1,136	$	(625	)	$	6,525	$	502	$	(24	)	$	7,003
Net income⁽¹⁾													149		87		—			236
Add back:
Income tax expense													69		41		—			110
Interest expense of Industrial Activities, net of interest income and eliminations													121		—		—			121
Foreign exchange losses, net													24		—		—			24
Finance and non-service component of Pension and OPEB costs													22		—		—			22
Adjustments:
Restructuring expenses		5		1		4		1		—			11		1		—			12
Adjusted EBIT	$	261	$	7	$	72	$	97	$	(41	)	$	396	$	129	$	—		$	525
Depreciation and amortization		76		16		53		31		—			176		1		—			177
Depreciation of assets on operating lease and assets sold with buy-back commitment		—		—		78		—		—			78		63		—			141
Adjusted EBITDA	$	337	$	23	$	203	$	128	$	(41	)	$	650	$	193	$	—		$	843

(1)

For Industrial Activities, net income net of “Results from intersegment investments”.

	Six Months Ended June 30, 2017
	Agricultural Equipment		Construction Equipment			Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities		Financial Services		Eliminations			Total
	(in millions)
Revenues	$	5,006	$	1,152		$	4,723	$	2,137	$	(1,203	)	$	11,815	$	1,014	$	(41	)	$	12,788
Net income⁽¹⁾														108		174		—			282
Add back:
Income tax expense														82		79		—			161
Interest expense of Industrial Activities, net of interest income and eliminations														224		—		—			224
Foreign exchange losses, net														56		—		—			56
Finance and non-service component of Pension and OPEB costs														45		—		—			45
Adjustments:
Restructuring expenses		10		4			7		1		—			22		2		—			24
Adjusted EBIT	$	376	$	(24	)	$	89	$	171	$	(75	)	$	537	$	255	$	—		$	792
Depreciation and amortization		155		32			104		61		—			352		2		—			354
Depreciation of assets on operating lease and assets sold with buy-back commitment		—		—			152		—		—			152		128		—			280
Adjusted EBITDA	$	531	$	8		$	345	$	232	$	(75	)	$	1,041	$	385	$	—		$	1,426

(1)

For Industrial Activities, net income net of “Results from intersegment investments”.