Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Information

Supplemental segment data and reconciliations to consolidated external reporting for the three months ended June 30 was as follows:

(Millions of dollars) 2023	External Revenues		Profit before income taxes		Interest Expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at June 30, 2023		Capital expenditures
North America	$	436	$	154	$	108	$	127	$	2	$	15,777	$	293
EAME	88		18		25		15		2		5,100		12
Asia/Pacific	73		33		23		1		(3)		3,787		1
Latin America	87		47		44		3		(21)		2,834		7
Mining	79		25		18		30		(6)		2,879		96
Power	14		(1)		6		—		5		650		—
Total Segments	777		276		224		176		(21)		31,027		409
Unallocated	20		(131)		95		—		—		1,941		1
Timing	(4)		—		—		—		—		19		—
Methodology	—		60		(74)		—		—		211		—
Inter-segment Eliminations (1)	—		—		—		—		—		(176)		—
Total	$	793	$	205	$	245	$	176	$	(21)	$	33,022	$	410
2022	External Revenues		Profit before income taxes		Interest Expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at December 31, 2022		Capital expenditures
North America	$	370	$	134	$	58	$	127	$	10	$	15,229	$	248
EAME	68		5		11		14		16		5,067		42
Asia/Pacific	71		34		19		2		3		3,921		1
Latin America	71		15		35		2		6		2,636		16
Mining	74		25		10		36		(8)		2,700		25
Power	11		8		2		—		(4)		704		—
Total Segments	665		221		135		181		23		30,257		332
Unallocated	6		(70)		43		—		—		1,628		2
Timing	(3)		2		—		—		—		18		—
Methodology	—		46		(58)		—		—		278		—
Inter-segment Eliminations (1)	—		—		—		—		—		(224)		—
Total	$	668	$	199	$	120	$	181	$	23	$	31,957	$	334

 (1) Elimination is primarily related to intercompany loans

Supplemental segment data and reconciliations to consolidated external reporting for the six months ended June 30 was as follows:

(Millions of dollars) 2023	External Revenues		Profit before income taxes		Interest Expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at June 30, 2023		Capital expenditures
North America	$	854	$	303	$	203	$	250	$	7	$	15,777	$	515
EAME	172		44		46		29		2		5,100		36
Asia/Pacific	143		67		46		2		(4)		3,787		2
Latin America	169		66		84		6		(15)		2,834		10
Mining	167		59		33		62		(7)		2,879		119
Power	28		4		12		1		5		650		—
Total Segments	1,533		543		424		350		(12)		31,027		682
Unallocated	35		(241)		171		—		—		1,941		6
Timing	(7)		—		—		—		—		19		—
Methodology	—		107		(133)		—		—		211		—
Inter-segment Eliminations (1)	—		—		—		—		—		(176)		—
Total	$	1,561	$	409	$	462	$	350	$	(12)	$	33,022	$	688
2022	External Revenues		Profit before income taxes		Interest Expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at December 31, 2022		Capital expenditures
North America	$	729	$	261	$	112	$	255	$	16	$	15,229	$	447
EAME	135		5		18		28		42		5,067		56
Asia/Pacific	146		71		36		3		4		3,921		3
Latin America	129		34		61		4		5		2,636		18
Mining	146		45		18		74		(10)		2,700		47
Power	30		23		5		1		(7)		704		—
Total Segments	1,315		439		250		365		50		30,257		571
Unallocated	11		(142)		85		—		—		1,628		4
Timing	(6)		3		—		—		—		18		—
Methodology	—		92		(109)		—		—		278		—
Inter-segment Eliminations (1)	—		—		—		—		—		(224)		—
Total	$	1,320	$	392	$	226	$	365	$	50	$	31,957	$	575

 (1) Elimination is primarily related to intercompany loans