Segment Information (Tables)

9 Months Ended

Sep. 30, 2013



Reportable Segments
Three Months Ended September 30,
(Millions of dollars)
	2013
	External sales and revenues		Inter- segment sales and revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at September 30		Capital expenditures
Construction Industries	$	4,547	$	68	$	4,615	$	145	$	262	$	8,489	$	143
Resource Industries	3,004		208		3,212		192		409		11,703		106
Power Systems	4,922		471		5,393		161		883		9,013		125
Machinery and Power Systems	$	12,473	$	747	$	13,220	$	498	$	1,554	$	29,205	$	374
Financial Products Segment	807		—		807		203		218		37,239		473
Total	$	13,280	$	747	$	14,027	$	701	$	1,772	$	66,444	$	847

	2012
	External sales and revenues		Inter- segment sales and revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at December 31		Capital expenditures
Construction Industries	$	4,904	$	102	$	5,006	$	144	$	459	$	10,393	$	247
Resource Industries	5,214		253		5,467		179		1,113		13,455		229
Power Systems	5,317		597		5,914		157		943		9,323		244
Machinery and Power Systems	$	15,435	$	952	$	16,387	$	480	$	2,515	$	33,171	$	720
Financial Products Segment	776		—		776		179		190		36,563		432
Total	$	16,211	$	952	$	17,163	$	659	$	2,705	$	69,734	$	1,152



Reportable Segments
Nine Months Ended September 30,
(Millions of dollars)
	2013
	External sales and revenues		Inter- segment sales and revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at September 30		Capital expenditures
Construction Industries	$	13,594	$	262	$	13,856	$	426	$	863	$	8,489	$	403
Resource Industries	10,251		661		10,912		558		1,436		11,703		358
Power Systems	14,590		1,328		15,918		468		2,436		9,013		390
Machinery and Power Systems	$	38,435	$	2,251	$	40,686	$	1,452	$	4,735	$	29,205	$	1,151
Financial Products Segment	2,408		—		2,408		571		724		37,239		1,244
Total	$	40,843	$	2,251	$	43,094	$	2,023	$	5,459	$	66,444	$	2,395

	2012
	External sales and revenues		Inter- segment sales and revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at December 31		Capital expenditures
Construction Industries	$	15,306	$	355	$	15,661	$	414	$	1,763	$	10,393	$	597
Resource Industries	15,382		909		16,291		510		3,707		13,455		603
Power Systems	15,815		1,952		17,767		442		2,737		9,323		610
Machinery and Power Systems	$	46,503	$	3,216	$	49,719	$	1,366	$	8,207	$	33,171	$	1,810
Financial Products Segment	2,301		—		2,301		530		583		36,563		1,232
Total	$	48,804	$	3,216	$	52,020	$	1,896	$	8,790	$	69,734	$	3,042

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 September 30, 2013
Total external sales and revenues from reportable segments	$	12,473		$	807	$	—			$	13,280
All Other operating segment	219			—		—				219
Other	(14		)	18		(80		)	¹	(76		)
Total sales and revenues	$	12,678		$	825	$	(80	)		$	13,423

Three Months Ended September 30, 2012
Total external sales and revenues from reportable segments	$	15,435		$	776	$	—			$	16,211
All Other operating segment	318			—		—				318
Other	(14		)	20		(90		)	¹	(84		)
Total sales and revenues	$	15,739		$	796	$	(90	)		$	16,445
¹ Elimination of Financial Products revenues from Machinery and Power Systems.



Reconciliation of Sales and revenues:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments				Consolidated Total
Nine Months Ended September 30, 2013
Total external sales and revenues from reportable segments	$	38,435		$	2,408	$	—			$	40,843
All Other operating segment	647			—		—				647
Other	(34		)	54		(256		)	¹	(236		)
Total sales and revenues	$	39,048		$	2,462	$	(256	)		$	41,254

Nine Months Ended September 30, 2012
Total external sales and revenues from reportable segments	$	46,503		$	2,301	$	—			$	48,804
All Other operating segment	1,246			—		—				1,246
Other	(38		)	52		(264		)	¹	(250		)
Total sales and revenues	$	47,711		$	2,353	$	(264	)		$	49,800
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 September 30, 2013
Total profit from reportable segments	$	1,554		$	218		$	1,772
All Other operating segment	170			—			170
Cost centers	42			—			42
Corporate costs	(376		)	—			(376		)
Timing	77			—			77
Methodology differences:
Inventory/cost of sales	(36		)	—			(36		)
Postretirement benefit expense	(174		)	—			(174		)
Financing costs	(120		)	—			(120		)
Equity in (profit) loss of unconsolidated affiliated companies	1			—			1
Currency	(32		)	—			(32		)
Other income/expense methodology differences	(58		)	—			(58		)
Other methodology differences	(1		)	(4		)	(5		)
Total consolidated profit before taxes	$	1,047		$	214		$	1,261

Three Months Ended September 30, 2012
Total profit from reportable segments	$	2,515		$	190		$	2,705
All Other operating segment	482			—			482
Cost centers	9			—			9
Corporate costs	(366		)	—			(366		)
Timing	(30		)	—			(30		)
Methodology differences:
Inventory/cost of sales	9			—			9
Postretirement benefit expense	(177		)	—			(177		)
Financing costs	(130		)	—			(130		)
Equity in (profit) loss of unconsolidated affiliated companies	(5		)	—			(5		)
Currency	20			—			20
Interest rate swaps	2			—			2
Other income/expense methodology differences	(64		)	—			(64		)
Other methodology differences	(9		)	4			(5		)
Total consolidated profit before taxes	$	2,256		$	194		$	2,450



Reconciliation of Consolidated profit before taxes:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
Nine Months Ended September 30, 2013
Total profit from reportable segments	$	4,735		$	724	$	5,459
All Other operating segment	547			—		547
Cost centers	100			—		100
Corporate costs	(1,160		)	—		(1,160		)
Timing	58			—		58
Methodology differences:
Inventory/cost of sales	(139		)	—		(139		)
Postretirement benefit expense	(505		)	—		(505		)
Financing costs	(361		)	—		(361		)
Equity in (profit) loss of unconsolidated affiliated companies	1			—		1
Currency	(71		)	—		(71		)
Other income/expense methodology differences	(178		)	—		(178		)
Other methodology differences	(20		)	10		(10		)
Total consolidated profit before taxes	$	3,007		$	734	$	3,741

Nine Months Ended September 30, 2012
Total profit from reportable segments	$	8,207		$	583	$	8,790
All Other operating segment	888			—		888
Cost centers	32			—		32
Corporate costs	(1,126		)	—		(1,126		)
Timing	(318		)	—		(318		)
Methodology differences:
Inventory/cost of sales	(26		)	—		(26		)
Postretirement benefit expense	(508		)	—		(508		)
Financing costs	(357		)	—		(357		)
Equity in (profit) loss of unconsolidated affiliated companies	(12		)	—		(12		)
Currency	160			—		160
Interest rate swaps	2			—		2
Other income/expense methodology differences	(199		)	—		(199		)
Other methodology differences	(3		)	1		(2		)
Total consolidated profit before taxes	$	6,740		$	584	$	7,324

Reconciliation of Assets:



Reconciliation of Assets:
(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidating Adjustments			Consolidated Total
September 30, 2013
Total assets from reportable segments	$	29,205		$	37,239		$	—		$	66,444
All Other operating segment	1,442			—			—			1,442
Items not included in segment assets:
Cash and short-term investments	4,108			—			—			4,108
Intercompany receivables	243			—			(243		)	—
Investment in Financial Products	4,769			—			(4,769		)	—
Deferred income taxes	3,883			—			(490		)	3,393
Goodwill and intangible assets	3,567			—			—			3,567
Property, plant and equipment – net and other assets	1,057			—			—			1,057
Operating lease methodology difference	(287		)	—			—			(287		)
Liabilities included in segment assets	10,504			—			—			10,504
Inventory methodology differences	(2,610		)	—			—			(2,610		)
Other	(132		)	(151		)	(63		)	(346		)
Total assets	$	55,749		$	37,088		$	(5,565	)	$	87,272

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 September 30, 2013
Total depreciation and amortization from reportable segments	$	498		$	203	$	701
Items not included in segment depreciation and amortization:
All Other operating segment	43			—		43
Cost centers	36			—		36
Other	(7		)	6		(1		)
Total depreciation and amortization	$	570		$	209	$	779

Three Months Ended September 30, 2012
Total depreciation and amortization from reportable segments	$	480		$	179	$	659
Items not included in segment depreciation and amortization:
All Other operating segment	41			—		41
Cost centers	23			—		23
Other	(9		)	6		(3		)
Total depreciation and amortization	$	535		$	185	$	720



Reconciliations of Depreciation and amortization:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
Nine Months Ended September 30, 2013
Total depreciation and amortization from reportable segments	$	1,452		$	571	$	2,023
Items not included in segment depreciation and amortization:
All Other operating segment	127			—		127
Cost centers	104			—		104
Other	(9		)	18		9
Total depreciation and amortization	$	1,674		$	589	$	2,263

Nine Months Ended September 30, 2012
Total depreciation and amortization from reportable segments	$	1,366		$	530	$	1,896
Items not included in segment depreciation and amortization:
All Other operating segment	125			—		125
Cost centers	64			—		64
Other	(32		)	17		(15		)
Total depreciation and amortization	$	1,523		$	547	$	2,070

Reconciliation of Capital expenditures:



Reconciliations of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
Three Months Ended September 30, 2013
Total capital expenditures from reportable segments	$	374		$	473	$	—		$	847
Items not included in segment capital expenditures:
All Other operating segment	88			—		—			88
Cost centers	41			—		—			41
Timing	5			—		—			5
Other	(18		)	18		(15		)	(15		)
Total capital expenditures	$	490		$	491	$	(15	)	$	966

Three Months Ended September 30, 2012
Total capital expenditures from reportable segments	$	720		$	432	$	—		$	1,152
Items not included in segment capital expenditures:
All Other operating segment	75			—		—			75
Cost centers	16			—		—			16
Timing	(40		)	—		—			(40		)
Other	8			35		(15		)	28
Total capital expenditures	$	779		$	467	$	(15	)	$	1,231



Reconciliations of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
Nine Months Ended September 30, 2013
Total capital expenditures from reportable segments	$	1,151		$	1,244	$	—		$	2,395
Items not included in segment capital expenditures:
All Other operating segment	200			—		—			200
Cost centers	115			—		—			115
Timing	531			—		—			531
Other	(94		)	66		(50		)	(78		)
Total capital expenditures	$	1,903		$	1,310	$	(50	)	$	3,163

Nine Months Ended September 30, 2012
Total capital expenditures from reportable segments	$	1,810		$	1,232	$	—		$	3,042
Items not included in segment capital expenditures:
All Other operating segment	229			—		—			229
Cost centers	119			—		—			119
Timing	281			—		—			281
Other	(115		)	109		(139		)	(145		)
Total capital expenditures	$	2,324		$	1,341	$	(139	)	$	3,526

- 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.

+ References+ Details