Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Reconciliation of Profit Under US GAAP

The following table includes the reconciliation of Adjusted EBIT and Adjusted EBITDA, non-GAAP financial measures, to net income, the most comparable U.S. GAAP financial measure, for the years ended December 31, 2019, 2018, and 2017.

	Years Ended December 31,
	2019			2018			2017
	(in millions)
Net income	$	1,454		$	1,099		$	290
Income tax (expense)	(271		)	417			457
Interest expenses of Industrial Activities, net of interest income and eliminations	282			368			482
Foreign exchange (gains) losses, net	56			171			124
Finance and non-service component of Pension and other post-employment benefit costs	63			(15		)	102
Restructuring expenses	109			61			93
Other discrete items	187			—			—
Venezuelan re-measurement and impairment of assets, and 2017 year-end deconsolidation of Venezuelan operations	—			—			92
Adjusted EBIT	$	1,880		$	2,101		$	1,640
Depreciation and Amortization	660			703			725
Depreciation of assets under operating leases and assets sold with buy-back commitments	555			634			625
Adjusted EBITDA	$	3,095		$	3,438		$	2,990

Schedule of Profit by Reportable Segment

The following summarizes Adjusted EBIT by reportable segment:    

	Years Ended December 31,
	2019			2018			2017
	(in millions)
Agriculture	$	897		$	1,036		$	791
Construction	51			91			(16		)
Commercial and Specialty Vehicles	224			299			195
Powertrain	363			406			360
Unallocated items, eliminations and other	(145		)	(247		)	(187		)
Total Industrial Activities	$	1,390		$	1,585		$	1,143
Financial Services	490			516			497
Adjusted EBIT	$	1,880		$	2,101		$	1,640

The following summarizes Adjusted EBITDA by reportable segment:    

	Years Ended December 31,
	2019			2018			2017
	(in millions)
Agriculture	$	1,178		$	1,339		$	1,106
Construction	106			152			49
Commercial and Specialty Vehicles	729			890			735
Powertrain	487			536			488
Unallocated items, eliminations and other	(143		)	(246		)	(187		)
Total Industrial Activities	$	2,357		$	2,671		$	2,191
Financial Services	738			767			799
Adjusted EBITDA	$	3,095		$	3,438		$	2,990

Summary of Operating Segment Information

A summary of additional operating segment information as of and for the years ended December 31, 2019, 2018, and 2017 is as follows:

	Years Ended December 31,
	2019			2018			2017
	(in millions)
Revenues:
Agriculture	$	10,959		$	11,682		$	10,683
Construction	2,768			3,021			2,530
Commercial and Specialty Vehicles	10,439			10,939			10,562
Powertrain	4,117			4,565			4,369
Eliminations and other	(2,134		)	(2,376		)	(2,375		)
Net sales of Industrial Activities	26,149			27,831			25,769
Financial Services	2,011			1,989			2,028
Eliminations and other	(81		)	(114		)	(96		)
Total Revenues	$	28,079		$	29,706		$	27,701
Depreciation and Amortization (*):
Agriculture	281			301			315
Construction	55			61			65
Commercial and Specialty Vehicles	195			206			212
Powertrain	124			130			128
Other activities and adjustments	2			1			—
Depreciation and amortization of Industrial Activities	657			699			720
Financial Services	3			4			5
Depreciation and amortization	$	660		$	703		$	725
Expenditures for long-lived assets (**):
Agriculture	$	232		$	224		$	208
Construction	46			40			36
Commercial and Specialty Vehicles	258			195			152
Powertrain	96			91			90
Other activities	1			—			2
Expenditures for long-lived assets of Industrial Activities	633			550			488
Financial Services	4			8			4
Expenditures for long-lived assets	$	637		$	558		$	492

(*) Excluding assets sold with buy-back commitments and equipment on operating leases

(**) Excluding assets sold with buy-back commitments, equipment on operating leases and right of use assets

Summary of net revenue

The following tables summarize previously reported revenues for the years ended December 31, 2019, 2018 and 2017:

	Year Ended December 31,
	2019			2018			2017
	(in millions)
Agriculture	$	10,959		$	11,682		$	10,683
Construction	2,768			3,021			2,530
Commercial and Specialty Vehicles	10,439			10,939			10,562
Powertrain	4,117			4,565			4,369
Eliminations and Other	(2,134		)	(2,376		)	(2,375		)
Total Industrial Activities	26,149			27,831			25,769
Financial Services	2,011			1,989			2,028
Eliminations and Other	(81		)	(114		)	(96		)
Total Revenues	$	28,079		$	29,706		$	27,701

The following highlights revenues earned from external customers in the rest of the world by destination:

	2019		2018		2017
	(in millions)
United States	$	5,610	$	5,719	$	5,014
Italy	3,253		3,383		3,021
France	3,030		2,994		2,658
Brazil	2,105		2,093		1,789
Germany	1,875		2,062		1,833
Canada	1,087		1,124		1,182
Australia	739		929		1,063
Spain	987		1,084		1,016
Argentina	509		524		984
Poland	604		658		507
Other	7,392		8,130		7,770
Total Revenues from external customers in the rest of world	$	27,191	$	28,700	$	26,837

Schedule Of Long-lived Assets By Geographical Area

The following highlights long-lived tangible and intangible assets by geographic in the rest of the world:

	At December 31,
	2019		2018
	(in millions)
United States	$	4,823	$	5,311
Italy	1,398		1,531
France	723		830
Germany	573		671
Spain	643		626
Canada	557		240
Brazil	294		308
China	219		534
Other	1,062		648
Total Long-lived assets in the rest of the world	$	10,292	$	10,699