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Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Reportable Segments

Three Months Ended March 31,

(Millions of dollars)

	2012
	External sales and revenues		Inter- segment sales & revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at March 31		Capital expenditures
Construction Industries	$	5,062	$	130	$	5,192	$	131	$	616	$	8,899	$	131
Resource Industries	4,778		328		5,106		163		1,168		13,050		132
Power Systems	4,987		675		5,662		138		812		9,293		129
Machinery and Power Systems	$	14,827	$	1,133	$	15,960	$	432	$	2,596	$	31,242	$	392
Financial Products Segment	761		—		761		174		205		32,458		343
Total	$	15,588	$	1,133	$	16,721	$	606	$	2,801	$	63,700	$	735

	2011
	External sales and revenues		Inter- segment sales & revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at December 31		Capital expenditures
Construction Industries	$	4,471	$	147	$	4,618	$	120	$	544	$	7,942	$	79
Resource Industries	2,768		274		3,042		71		796		12,292		56
Power Systems	4,449		554		5,003		136		700		8,748		85
Machinery and Power Systems	$	11,688	$	975	$	12,663	$	327	$	2,040	$	28,982	$	220
Financial Products Segment	730		—		730		176		136		31,747		180
Total	$	12,418	$	975	$	13,393	$	503	$	2,176	$	60,729	$	400

Reconciliation of Sales and revenues:

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
Three Months Ended March 31, 2012
Total external sales and revenues from reportable segments	$	14,827		$	761	$	—		$	15,588
All Other operating segment	474			—		—			474
Other	(13		)	16		(84		)(1)	(81		)
Total sales and revenues	$	15,288		$	777	$	(84	)	$	15,981

Three Months Ended March 31, 2011
Total external sales and revenues from reportable segments	$	11,688		$	730	$	—		$	12,418
All Other operating segment	589			—		—			589
Other	—			10		(68		)(1)	(58		)
Total sales and revenues	$	12,277		$	740	$	(68	)	$	12,949

(1) Elimination of Financial Products revenues from Machinery and Power Systems.

Reconciliation of Profit (loss) before taxes:

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
Three Months Ended March 31, 2012
Total profit from reportable segments	$	2,596		$	205	$	2,801
All Other operating segment	218			—		218
Cost centers	34			—		34
Corporate costs	(360		)	—		(360		)
Timing	(151		)	—		(151		)
Methodology differences:
Inventory/cost of sales	(14		)	—		(14		)
Postretirement benefit expense	(186		)	—		(186		)
Financing costs	(115		)	—		(115		)
Equity in profit of unconsolidated affiliated companies	(2		)	—		(2		)
Currency	131			—		131
Other income/expense methodology differences	(61		)	—		(61		)
Other methodology differences	2			1		3
Total profit before taxes	$	2,092		$	206	$	2,298

Three Months Ended March 31, 2011
Total profit from reportable segments	$	2,040		$	136	$	2,176
All Other operating segment	245			—		245
Cost centers	21			—		21
Corporate costs	(271		)	—		(271		)
Timing	(76		)	—		(76		)
Methodology differences:
Inventory/cost of sales	6			—		6
Postretirement benefit expense	(192		)	—		(192		)
Financing costs	(89		)	—		(89		)
Equity in profit of unconsolidated affiliated companies	8			—		8
Currency	18			—		18
Interest rate swaps	(25		)	—		(25		)
Other income/expense methodology differences	(59		)	—		(59		)
Other methodology differences	(1		)	2		1
Total profit before taxes	$	1,625		$	138	$	1,763

Reconciliation of Assets:

(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidating Adjustments			Consolidated Total
March 31, 2012
Total assets from reportable segments	$	31,242		$	32,458		$	—		$	63,700
All Other operating segment	2,007			—			—			2,007
Items not included in segment assets:
Cash and short-term investments	1,635			—			—			1,635
Intercompany receivables	102			—			(102		)	—
Investment in Financial Products	4,055			—			(4,055		)	—
Deferred income taxes	3,929			—			(487		)	3,442
Goodwill, intangible assets and other assets	4,030			—			—			4,030
Operating lease methodology difference	(544		)	—			—			(544		)
Liabilities included in segment assets	12,688			—			—			12,688
Inventory methodology differences	(3,078		)	—			—			(3,078		)
Other	347			(158		)	(161		)	28
Total assets	$	56,413		$	32,300		$	(4,805	)	$	83,908

December 31, 2011
Total assets from reportable segments	$	28,982		$	31,747		$	—		$	60,729
All Other operating segment	2,035			—			—			2,035
Items not included in segment assets:
Cash and short-term investments	1,829			—			—			1,829
Intercompany receivables	75			—			(75		)	—
Investment in Financial Products	4,035			—			(4,035		)	—
Deferred income taxes	4,109			—			(533		)	3,576
Goodwill, intangible assets and other assets	4,461			—			—			4,461
Operating lease methodology difference	(511		)	—			—			(511		)
Liabilities included in segment assets	12,088			—			—			12,088
Inventory methodology differences	(2,786		)	—			—			(2,786		)
Other	362			(194		)	(143		)	25
Total assets	$	54,679		$	31,553		$	(4,786	)	$	81,446

Reconciliation of Depreciation and amortization

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments		Consolidated Total
Three Months Ended March 31, 2012
Total depreciation and amortization from reportable segments	$	432		$	174	$	—	$	606
Items not included in segment depreciation and amortization:
All Other operating segment	43			—		—		43
Cost centers	19			—		—		19
Other	(12		)	5		—		(7		)
Total depreciation and amortization	$	482		$	179	$	—	$	661

Three Months Ended March 31, 2011
Total depreciation and amortization from reportable segments	$	327		$	176	$	—	$	503
Items not included in segment depreciation and amortization:
All Other operating segment	45			—		—		45
Cost centers	18			—		—		18
Other	5			4		—		9
Total depreciation and amortization	$	395		$	180	$	—	$	575

Reconciliation of Capital expenditures

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
Three Months Ended March 31, 2012
Total capital expenditures from reportable segments	$	392		$	343	$	—		$	735
Items not included in segment capital expenditures:
All Other operating segment	64			—		—			64
Cost centers	38			—		—			38
Timing	402			—		—			402
Other	(32		)	17		(95		)	(110		)
Total capital expenditures	$	864		$	360	$	(95	)	$	1,129

Three Months Ended March 31, 2011
Total capital expenditures from reportable segments	$	220		$	180	$	—		$	400
Items not included in segment capital expenditures:
All Other operating segment	38			—		—			38
Cost centers	15			—		—			15
Timing	314			—		—			314
Other	(19		)	33		(21		)	(7		)
Total capital expenditures	$	568		$	213	$	(21	)	$	760

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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