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 nine months ended September 30, 2018 and 2017.



	Three Months Ended September 30, 2018
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities			Financial Services		Eliminations			Total
	(in millions)
Revenues	$	2,636	$	726	$	2,404	$	972	$	(493	)	$	6,245		$	469	$	(28	)	$	6,686
Net income⁽¹⁾												139			92		—			231
Add back:
Income tax expense												100			31		—			131
Interest expense of Industrial Activities, net of interest income and eliminations												79			—		—			79
Foreign exchange losses, net												12			—		—			12
Finance and non-service component of Pension and OPEB costs⁽²⁾												(17		)	—		—			(17		)
Adjustments:
Restructuring expenses	3		—		5		—		—			8			—		—			8
Adjusted EBIT	$	196	$	26	$	68	$	82	$	(51	)	$	321		$	123	$	—		$	444
Depreciation and amortization	75		15		53		31		—			174			—		—			174
Depreciation of assets on operating lease and assets sold with buy-back commitment	1		—		95		—		—			96			59		—			155
Adjusted EBITDA	$	272	$	41	$	216	$	113	$	(51	)	$	591		$	182	$	—		$	773


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


(2)	This item includes the pre-tax gain of $30 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.



	Nine Months Ended September 30, 2018
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities			Financial Services		Eliminations			Total
	(in millions)
Revenues	$	8,527	$	2,207	$	7,788	$	3,376	$	(1,774	)	$	20,124		$	1,469	$	(89	)	$	21,504
Net income⁽¹⁾												544			297		—			841
Add back:
Income tax expense												202			110		—			312
Interest expense of Industrial Activities, net of interest income and eliminations												260			—		—			260
Foreign exchange losses, net												134			—		—			134
Finance and non-service component of Pension and OPEB costs⁽²⁾												(3		)	—		—			(3		)
Adjustments:
Restructuring expenses	4		—		11		1		—			16			—		—			16
Adjusted EBIT	$	778	$	59	$	209	$	285	$	(178	)	$	1,153		$	407	$	—		$	1,560
Depreciation and amortization	229		46		161		98		1			535			3		—			538
Depreciation of assets on operating lease and assets sold with buy-back commitment	2		—		291		—		—			293			185		—			478
Adjusted EBITDA	$	1,009	$	105	$	661	$	383	$	(177	)	$	1,981		$	595	$	—		$	2,576


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


(2)	This item includes the pre-tax gain of $50 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 September 30, 2017
	Agricultural Equipment		Construction Equipment		Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities			Financial Services		Eliminations			Total
	(in millions)
Revenues	$	2,547	$	618	$	2,573	$	1,074	$	(574	)	$	6,238		$	478	$	(27	)	$	6,689
Net income (loss)⁽¹⁾												(26		)	86		—			60
Add back:
Income tax expense												22			40		—			62
Interest expense of Industrial Activities, net of interest income and eliminations												144			—		—			144
Foreign exchange losses, net												41			—		—			41
Finance and non-service component of Pension and OPEB costs												24			—		—			24
Adjustments:
Restructuring expenses	2		—		51		—		—			53			—		—			53
Adjusted EBIT	$	173	$	2	$	43	$	88	$	(48	)	$	258		$	126	$	—		$	384
Depreciation and amortization	82		16		54		32		—			184			2		—			186
Depreciation of assets on operating lease and assets sold with buy-back commitment	—		—		80		—		—			80			70		—			150
Adjusted EBITDA	$	255	$	18	$	177	$	120	$	(48	)	$	522		$	198	$	—		$	720


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



	Nine Months Ended September 30, 2017
	Agricultural Equipment		Construction Equipment			Commercial Vehicles		Powertrain		Unallocated items, eliminations and other			Total Industrial Activities		Financial Services		Eliminations			Total
	(in millions)
Revenues	$	7,553	$	1,770		$	7,296	$	3,211	$	(1,777	)	$	18,053	$	1,492	$	(68	)	$	19,477
Net income⁽¹⁾													82		260		—			342
Add back:
Income tax expense													104		119		—			223
Interest expense of Industrial Activities, net of interest income and eliminations													368		—		—			368
Foreign exchange losses, net													97		—		—			97
Finance and non-service component of Pension and OPEB costs													69		—		—			69
Adjustments:
Restructuring expenses	12		4			58		1		—			75		2		—			77
Adjusted EBIT	$	549	$	(22	)	$	132	$	259	$	(123	)	$	795	$	381	$	—		$	1,176
Depreciation and amortization	237		48			158		93		—			536		4		—			540
Depreciation of assets on operating lease and assets sold with buy-back commitment	—		—			232		—		—			232		198		—			430
Adjusted EBITDA	$	786	$	26		$	522	$	352	$	(123	)	$	1,563	$	583	$	—		$	2,146


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