Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

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) 2026	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	$	554	$	196	$	131	$	50	$	21	$	4	$	152
EAME	103		32		13		22		2		2		32
Asia/Pacific	66		28		2		19		4		—		13
Latin America	95		50		2		16		2		1		24
Mining	97		29		32		12		4		—		20
Power	18		9		—		3		(4)		—		10
Total Segments	933		344		180		122		29		7		251
Unallocated	19		140		—		56		—		3		(180)
Timing	(5)		—		—		(7)		—		—		2
Methodology	—		(128)		—		2		—		4		122
Total	$	947	$	356	$	180	$	173	$	29	$	14	$	195
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

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

(Millions of dollars)	Assets as of
	March 31, 2026		December 31, 2025
North America	$	19,928	$	19,738
EAME	5,362		5,638
Asia/Pacific	3,549		3,564
Latin America	2,908		2,921
Mining	3,423		3,325
Power	1,009		1,017
Total Segments	36,179		36,203
Unallocated	2,171		2,128
Timing	(1)		32
Methodology	71		148
Inter-segment Eliminations(1)	(257)		(198)
Total	$	38,163	$	38,313

(1)    Eliminations are primarily related to intercompany loans.

(Millions of dollars)	Capital Expenditures(1)
	Three Months Ended March 31,
	2026		2025
North America	$	163	$	134
EAME	13		14
Asia/Pacific	16		4
Latin America	4		1
Mining	59		6
Total Segments	255		159
Unallocated	10		11
Total	$	265	$	170

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