Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental segment data and reconciliations to consolidated external reporting for the years ended December 31, 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 December 31, 2023		Capital expenditures
North America	$	1,786	$	596	$	463	$	512	$	32	$	16,303	$	961
EAME	368		101		103		57		3		5,117		73
Asia/Pacific	278		105		102		4		(2)		3,435		4
Latin America	348		103		174		12		1		2,583		21
Mining	341		99		80		126		(2)		3,059		229
Power	58		(1)		26		2		16		662		—
Total Segments	3,179		1,003		948		713		48		31,159		1,288
Unallocated	83		(507)		394		—		1		2,054		9
Timing	(14)		2		—		—		—		20		—
Methodology	—		262		(309)		—		—		145		—
Inter-segment Eliminations (1)	—		—		—		—		—		(266)		—
Total	$	3,248	$	760	$	1,033	$	713	$	49	$	33,112	$	1,297

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	$	1,512	$	550	$	263	$	503	$	25	$	15,229	$	862
EAME	285		12		79		55		49		5,067		117
Asia/Pacific	283		134		73		5		6		3,921		6
Latin America	284		85		136		10		7		2,636		25
Mining	294		63		42		143		9		2,700		120
Power	53		37		15		2		(15)		704		—
Total Segments	2,711		881		608		718		81		30,257		1,130
Unallocated	35		(312)		204		—		—		1,628		9
Timing	(12)		4		—		—		—		18		—
Methodology	—		158		(246)		—		—		278		—
Inter-segment Eliminations (1)	—		—		—		—		—		(224)		—
Total	$	2,734	$	731	$	566	$	718	$	81	$	31,957	$	1,139

2021	External revenues		Profit before income taxes		Interest expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at December 31, 2021		Capital expenditures
North America	$	1,401	$	419	$	250	$	542	$	15	$	15,755	$	888
EAME	274		73		21		60		30		5,192		92
Asia/Pacific	340		170		84		7		9		4,117		10
Latin America	202		24		68		8		52		2,405		12
Mining	289		98		37		136		(15)		2,672		206
Power	52		41		13		2		(21)		957		—
Total Segments	2,558		825		473		755		70		31,098		1,208
Unallocated	15		(295)		179		—		—		1,458		8
Timing	(11)		6		—		—		—		15		—
Methodology	—		159		(197)		—		—		18		—
Inter-segment Eliminations (1)	—		—		—		—		—		(202)		—
Total	$	2,562	$	695	$	455	$	755	$	70	$	32,387	$	1,216

(1) Elimination is primarily related to intercompany loans.

Geographic information

Geographic information:


(Millions of dollars)	2023		2022		2021
Revenues
Inside U.S.	$	1,879	$	1,551	$	1,422


All other	1,369		1,183		1,140
Total	$	3,248	$	2,734	$	2,562

Equipment on operating leases, net and property and equipment, net (included in Other assets)	2023		2022
Inside U.S.	$	2,066	$	2,036
Inside Canada	539		507

All other	544		500
Total	$	3,149	$	3,043