Segment Information (Tables)

3 Months Ended

Mar. 31, 2013



Reportable Segments
Three Months Ended March 31,
(Millions of dollars)
	2013
	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	$	4,197	$	111	$	4,308	$	138	$	239	$	9,407	$	124
Resource Industries	3,676		220		3,896		180		477		12,471		107
Power Systems	4,405		396		4,801		151		598		9,303		104
Machinery and Power Systems	$	12,278	$	727	$	13,005	$	469	$	1,314	$	31,181	$	335
Financial Products Segment	795		—		795		180		273		36,966		320
Total	$	13,073	$	727	$	13,800	$	649	$	1,587	$	68,147	$	655

	2012
	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	$	5,062	$	130	$	5,192	$	131	$	616	$	10,393	$	131
Resource Industries	4,778		328		5,106		163		1,168		13,455		132
Power Systems	4,987		675		5,662		138		812		9,323		129
Machinery and Power Systems	$	14,827	$	1,133	$	15,960	$	432	$	2,596	$	33,171	$	392
Financial Products Segment	761		—		761		174		205		36,563		343
Total	$	15,588	$	1,133	$	16,721	$	606	$	2,801	$	69,734	$	735

Reconciliation of Sales and revenues:



Reconciliation of Sales and revenues:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments				Consolidated Total
Three Months Ended March 31, 2013
Total external sales and revenues from reportable segments	$	12,278		$	795	$	—			$	13,073
All Other operating segment	217			—		—				217
Other	(11		)	19		(88		)	¹	(80		)
Total sales and revenues	$	12,484		$	814	$	(88	)		$	13,210

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

Reconciliation of Consolidated profit before taxes:



Reconciliation of Consolidated profit before taxes:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
Three Months Ended March 31, 2013
Total profit from reportable segments	$	1,314		$	273	$	1,587
All Other operating segment	192			—		192
Cost centers	39			—		39
Corporate costs	(373		)	—		(373		)
Timing	47			—		47
Methodology differences:
Inventory/cost of sales	(36		)	—		(36		)
Postretirement benefit expense	(165		)	—		(165		)
Financing costs	(124		)	—		(124		)
Equity in profit of unconsolidated affiliated companies	(1		)	—		(1		)
Currency	15			—		15
Other income/expense methodology differences	(52		)	—		(52		)
Other methodology differences	(19		)	17		(2		)
Total consolidated profit before taxes	$	837		$	290	$	1,127

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 consolidated profit before taxes	$	2,092		$	206	$	2,298

Reconciliation of Assets:



Reconciliation of Assets:
(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidating Adjustments			Consolidated Total
March 31, 2013
Total assets from reportable segments	$	31,181		$	36,966		$	—		$	68,147
All Other operating segment	1,488			—			—			1,488
Items not included in segment assets:
Cash and short-term investments	3,594			—			—			3,594
Intercompany receivables	305			—			(305		)	—
Investment in Financial Products	4,549			—			(4,549		)	—
Deferred income taxes	3,987			—			(521		)	3,466
Goodwill and intangible assets	3,445			—			—			3,445
Property, plant and equipment – net and other assets	1,018			—			—			1,018
Operating lease methodology difference	(297		)	—			—			(297		)
Liabilities included in segment assets	10,579			—			—			10,579
Inventory methodology differences	(2,470		)	—			—			(2,470		)
Other	(54		)	(98		)	(75		)	(227		)
Total assets	$	57,325		$	36,868		$	(5,450	)	$	88,743

December 31, 2012
Total assets from reportable segments	$	33,171		$	36,563		$	—		$	69,734
All Other operating segment	1,499			—			—			1,499
Items not included in segment assets:
Cash and short-term investments	3,306			—			—			3,306
Intercompany receivables	303			—			(303		)	—
Investment in Financial Products	4,433			—			(4,433		)	—
Deferred income taxes	3,926			—			(516		)	3,410
Goodwill and intangible assets	3,145			—			—			3,145
Property, plant and equipment – net and other assets	668			—			—			668
Operating lease methodology difference	(329		)	—			—			(329		)
Liabilities included in segment assets	11,293			—			—			11,293
Inventory methodology differences	(2,949		)	—			—			(2,949		)
Other	(182		)	(107		)	(132		)	(421		)
Total assets	$	58,284		$	36,456		$	(5,384	)	$	89,356

Reconciliation of Depreciation and amortization:



Reconciliations of Depreciation and amortization:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
Three Months Ended March 31, 2013
Total depreciation and amortization from reportable segments	$	469		$	180	$	649
Items not included in segment depreciation and amortization:
All Other operating segment	42			—		42
Cost centers	34			—		34
Other	(7		)	5		(2		)
Total depreciation and amortization	$	538		$	185	$	723

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

Reconciliation of Capital expenditures:



Reconciliations of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
Three Months Ended March 31, 2013
Total capital expenditures from reportable segments	$	335		$	320	$	—		$	655
Items not included in segment capital expenditures:
All Other operating segment	41			—		—			41
Cost centers	27			—		—			27
Timing	534			—		—			534
Other	(24		)	16		(17		)	(25		)
Total capital expenditures	$	913		$	336	$	(17	)	$	1,232

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

- 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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