Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Information

Supplemental segment data and reconciliations to consolidated external reporting for the three months ended September 30 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 September 30, 2024		Capital expenditures
North America	$	513	$	159	$	165	$	128	$	9	$	17,353	$	197
EAME	98		23		39		14		1		4,998		20
Asia/Pacific	68		24		25		1		—		3,498		4
Latin America	83		32		38		3		(3)		2,531		3
Mining	94		11		28		33		11		3,366		30
Power	16		3		9		1		1		747		—
Total Segments	872		252		304		180		19		32,493		254
Unallocated	21		(160)		128		—		—		1,997		10
Timing	(5)		(1)		—		—		—		(18)		—
Methodology	—		91		(96)		—		—		113		—
Divestiture	—		—		—		—		—		—		—
Inter-segment Eliminations (1)	—		—		—		—		—		(259)		—
Total	$	888	$	182	$	336	$	180	$	19	$	34,326	$	264
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	$	459	$	144	$	128	$	130	$	10	$	16,303	$	274
EAME	102		35		26		14		1		5,117		14
Asia/Pacific	70		19		32		2		1		3,435		—
Latin America	95		15		48		3		13		2,583		3
Mining	86		17		23		32		5		3,059		49
Power	15		(1)		7		1		4		662		—
Total Segments	827		229		264		182		34		31,159		340
Unallocated	23		(137)		108		—		1		2,054		1
Timing	(4)		1		—		—		—		20		—
Methodology	—		77		(92)		—		—		145		—
Inter-segment Eliminations (1)	—		—		—		—		—		(266)		—
Total	$	846	$	170	$	280	$	182	$	35	$	33,112	$	341

 (1) Eliminations are primarily related to intercompany loans.

Supplemental segment data and reconciliations to consolidated external reporting for the nine months ended September 30 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 September 30, 2024		Capital expenditures
North America	$	1,491	$	451	$	460	$	385	$	43	$	17,353	$	608
EAME	283		75		108		41		(11)		4,998		39
Asia/Pacific	202		70		73		3		(2)		3,498		8
Latin America	252		84		116		10		—		2,531		15
Mining	279		55		77		100		16		3,366		129
Power	46		27		24		2		(14)		747		—
Total Segments	2,553		762		858		541		32		32,493		799
Unallocated	65		(406)		360		—		—		1,997		18
Timing	(12)		—		—		—		—		(18)		—
Methodology	—		247		(269)		—		—		113		—
Divestiture	—		(210)		—		—		—		—		—
Inter-segment Eliminations (1)	—		—		—		—		—		(259)		—
Total	$	2,606	$	393	$	949	$	541	$	32	$	34,326	$	817
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	$	1,313	$	447	$	331	$	380	$	17	$	16,303	$	789
EAME	274		79		72		43		3		5,117		50
Asia/Pacific	213		86		78		4		(3)		3,435		2
Latin America	264		81		132		9		(2)		2,583		13
Mining	253		76		56		94		(2)		3,059		168
Power	43		3		19		2		9		662		—
Total Segments	2,360		772		688		532		22		31,159		1,022
Unallocated	58		(378)		279		—		1		2,054		7
Timing	(11)		1		—		—		—		20		—
Methodology	—		184		(225)		—		—		145		—
Inter-segment Eliminations (1)	—		—		—		—		—		(266)		—
Total	$	2,407	$	579	$	742	$	532	$	23	$	33,112	$	1,029

 (1) Eliminations are primarily related to intercompany loans.