Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

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) 2025	External revenues		Interest expense		Depreciation on equipment leased to others		General, operating and administrative expenses		Provision for credit losses		Other segment items(1)		Profit before income taxes
North America	$	500	$	170	$	125	$	48	$	19	$	3	$	135
EAME	93		33		12		19		1		1		27
Asia/Pacific	62		24		1		17		1		—		19
Latin America	83		40		3		13		1		1		25
Mining	93		27		32		10		9		(1)		16
Power	17		10		—		3		(2)		—		6
Total Segments	848		304		173		110		29		4		228
Unallocated	17		126		—		44		—		—		(153)
Timing	(5)		—		—		(5)		—		—		—
Methodology	—		(105)		—		2		—		4		99
Total	$	860	$	325	$	173	$	151	$	29	$	8	$	174
2024	External revenues		Interest expense		Depreciation on equipment leased to others		General, operating and administrative expenses		Provision for credit losses		Other segment items(1)		Profit before income taxes
North America	$	485	$	143	$	129	$	46	$	19	$	4	$	144
EAME	92		33		14		22		(8)		1		30
Asia/Pacific	66		26		1		19		(1)		—		21
Latin America	85		40		3		14		(2)		1		29
Mining	92		24		33		3		—		—		26
Power	15		7		1		9		(1)		—		5
Total Segments	835		273		181		113		7		6		255
Unallocated	22		113		—		43		—		(30)		(104)
Timing	(4)		—		—		(4)		—		—		—
Methodology	—		(88)		—		2		—		8		78
Total	$	853	$	298	$	181	$	154	$	7	$	(16)	$	229

(1)    Other segment items are primarily costs related to repossessed and returned equipment.

(Millions of dollars)	Assets as of				Capital Expenditures(1)
	March 31, 2025		December 31, 2024		2025		2024
North America	$	17,948	$	17,800	$	134	$	161
EAME	4,907		4,668		14		8
Asia/Pacific	3,272		3,276		4		2
Latin America	2,533		2,423		1		8
Mining	3,268		3,306		6		49
Power	868		812		—		—
Total Segments	$	32,796	$	32,285	$	159	$	228
Unallocated	1,813		1,921		11		5
Timing	(8)		(12)		—		—
Methodology	64		128		—		—
Inter-segment Eliminations(2)	(242)		(238)		—		—
Total	$	34,423	$	34,084	$	170	$	233

(1)    Capital expenditures include expenditures for equipment on operating leases and other miscellaneous capital expenditures.

(2)    Eliminations are primarily related to intercompany loans.