Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Information

Supplemental segment data and reconciliations to consolidated external reporting for the three months ended March 31 were as follows:

(Millions of dollars) 2024	External revenues		Profit before income taxes		Interest expense		Depreciation on equipment leased to others		Provision for credit losses		Assets at March 31, 2024		Capital expenditures
North America	$	485	$	144	$	143	$	129	$	19	$	16,673	$	161
EAME	92		30		33		14		(8)		4,969		8
Asia/Pacific	66		21		26		1		(1)		3,305		2
Latin America	85		29		40		3		(2)		2,539		8
Mining	92		26		24		33		—		3,012		49
Power	15		5		7		1		(1)		632		—
Total Segments	835		255		273		181		7		31,130		228
Unallocated	22		(104)		113		—		—		1,999		5
Timing	(4)		—		—		—		—		20		—
Methodology	—		78		(88)		—		—		166		—
Inter-segment Eliminations (1)	—		—		—		—		—		(228)		—
Total	$	853	$	229	$	298	$	181	$	7	$	33,087	$	233
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	$	418	$	149	$	95	$	123	$	5	$	16,303	$	222
EAME	84		26		21		14		—		5,117		24
Asia/Pacific	70		34		23		1		(1)		3,435		1
Latin America	82		19		40		3		6		2,583		3
Mining	88		34		15		32		(1)		3,059		23
Power	14		5		6		1		—		662		—
Total Segments	756		267		200		174		9		31,159		273
Unallocated	15		(110)		76		—		—		2,054		5
Timing	(3)		—		—		—		—		20		—
Methodology	—		47		(59)		—		—		145		—
Inter-segment Eliminations (1)	—		—		—		—		—		(266)		—
Total	$	768	$	204	$	217	$	174	$	9	$	33,112	$	278

 (1) Eliminations are primarily related to intercompany loans.