SUPPLEMENTAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Summary of supplemental information, income statement



	Statement of Operations
	Industrial Activities						Financial Services
	Three Months Ended September 30,						Three Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Revenues
Net sales	$	6,245		$	6,238		$	—		$	—
Finance, interest and other income	23			28			469			478
Total Revenues	$	6,268		$	6,266		$	469		$	478
Costs and Expenses
Cost of goods sold	$	5,162		$	5,229		$	—		$	—
Selling, general and administrative expenses	481			491			42			64
Research and development expenses	254			243			—			—
Restructuring expenses	8			53			—			—
Interest expense	102			172			138			141
Other, net	24			96			175			154
Total Costs and Expenses	$	6,031		$	6,284		$	355		$	359
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	237			(18		)	114			119
Income tax (expense) benefit	(100		)	(22		)	(31		)	(40		)
Equity in income of unconsolidated subsidiaries and affiliates	2			14			9			7
Results from intersegment investments	92			86			—			—
Net income	$	231		$	60		$	92		$	86



	Statement of Operations
	Industrial Activities						Financial Services
	Nine Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Revenues
Net sales	$	20,124		$	18,053		$	—		$	—
Finance and interest income	73			93			1,469			1,492
Total Revenues	$	20,197		$	18,146		$	1,469		$	1,492
Costs and Expenses
Cost of goods sold	$	16,606		$	15,104		$	—		$	—
Selling, general and administrative expenses	1,553			1,480			153			185
Research and development expenses	743			662			—			—
Restructuring expenses	16			75			—			2
Interest expense	333			461			410			409
Other, net	228			224			524			537
Total Costs and Expenses	$	19,479		$	18,006		$	1,087		$	1,133
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	718			140			382			359
Income taxes	(202		)	(104		)	(110		)	(119		)
Equity income of unconsolidated subsidiaries and affiliates	28			46			25			20
Results from intersegment investments	297			260			—			—
Net income	$	841		$	342		$	297		$	260

Summary of supplemental information, balance sheet



	Balance Sheets
	Industrial Activities				Financial Services
	September 30, 2018		December 31, 2017		September 30, 2018		December 31, 2017
	(in millions)
ASSETS
Cash and cash equivalents	$	3,549	$	4,901	$	564	$	529
Restricted cash	—		—		708		770
Trade receivables	478		490		31		53
Financing receivables	1,161		1,718		19,283		20,699
Inventories, net	7,131		6,236		208		216
Property, plant and equipment, net	6,048		6,829		2		2
Investments in unconsolidated subsidiaries and affiliates	3,193		3,173		215		205
Equipment under operating leases	37		35		1,735		1,810
Goodwill	2,306		2,316		154		156
Other intangible assets, net	746		779		13		13
Deferred tax assets	627		869		160		198
Derivative assets	116		73		10		14
Other assets	1,645		1,742		291		358
Total Assets	$	27,037	$	29,161	$	23,374	$	25,023
LIABILITIES AND EQUITY
Debt	$	6,627	$	7,443	$	19,449	$	21,075
Trade payables	5,523		5,936		143		193
Deferred tax liabilities	9		94		211		215
Pension, postretirement and other postemployment benefits	1,583		2,280		30		20
Derivative liabilities	97		88		25		20
Other liabilities	8,422		9,063		635		686
Total Liabilities	$	22,261	$	24,904	$	20,493	$	22,209
Equity	4,747		4,232		2,881		2,814
Redeemable noncontrolling interest	29		25		—		—
Total Liabilities and Equity	$	27,037	$	29,161	$	23,374	$	25,023

Summary of supplemental information, cash flow



	Statements of Cash Flows
	Industrial Activities						Financial Services
	Nine Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Operating activities:
Net income	$	841		$	342		$	297		$	260
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense, net of assets under operating leases and assets sold under buy-back commitments	535			536			3			4
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	293			232			185			198
Loss on disposal of assets	—			6			—			—
Loss on repurchase/early redemption of notes	—			56			—			—
Undistributed loss of unconsolidated subsidiaries	(147		)	(4		)	(25		)	(20		)
Other non-cash items	80			54			29			60
Changes in operating assets and liabilities:
Provisions	(88		)	150			3			(2		)
Deferred income taxes	(8		)	(85		)	15			4
Trade and financing receivables related to sales, net	(56		)	89			513			(53		)
Inventories, net	(1,186		)	(940		)	338			344
Trade payables	(10		)	228			(36		)	3
Other assets and liabilities	(306		)	(72		)	55			67
Net cash provided by (used in) operating activities	$	(52	)	$	592		$	1,377		$	865
Investing activities:
Additions to retail receivables	—			—			(3,040		)	(2,857		)
Collections of retail receivables	—			—			3,029			3,104
Proceeds from sale of assets, net of assets sold under operating leases and assets sold under buy-back commitments	3			11			—			—
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and sold under buy-back commitments	(288		)	(277		)	(5		)	(1		)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(505		)	(717		)	(454		)	(479		)
Other	696			(156		)	(470		)	17
Net cash used in investing activities	$	(94	)	$	(1,139	)	$	(940	)	$	(216	)
Financing activities:
Proceeds from long-term debt	616			1,500			10,682			9,596
Payments of long-term debt	(1,242		)	(2,044		)	(11,197		)	(9,950		)
Net increase (decrease) in other financial liabilities	23			(72		)	196			(115		)
Dividends paid	(240		)	(166		)	(129		)	(258		)
Other	(156		)	(16		)	39			45
Net cash used in financing activities	$	(999	)	$	(798	)	$	(409	)	$	(682	)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash	(207		)	265			(55		)	40
Increase (decrease) in cash and cash equivalents and restricted cash	(1,352		)	(1,080		)	(27		)	7
Cash and cash equivalents and restricted cash, beginning of year	4,901			4,649			1,299			1,205
Cash and cash equivalents and restricted cash, end of period	$	3,549		$	3,569		$	1,272		$	1,212