Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Information

Supplemental segment data and reconciliations to consolidated external reporting for the three months ended June 30 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	$	575	$	205	$	132	$	48	$	24	$	4	$	162
EAME	108		37		11		25		3		—		32
Asia/Pacific	72		28		1		20		4		1		18
Latin America	103		51		2		17		1		4		28
Mining	99		29		35		8		10		(1)		18
Power	19		10		—		3		(1)		—		7
Total Segments	976		360		181		121		41		8		265
Unallocated	20		142		—		49		—		12		(183)
Timing	(5)		—		—		(10)		—		—		5
Methodology	—		(128)		—		4		—		5		119
Total	$	991	$	374	$	181	$	164	$	41	$	25	$	206
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	$	520	$	172	$	126	$	48	$	24	$	4	$	146
EAME	96		34		13		25		—		1		23
Asia/Pacific	66		24		2		19		—		—		21
Latin America	89		44		2		17		2		2		22
Mining	95		27		31		9		(8)		2		34
Power	19		10		—		3		1		—		5
Total Segments	885		311		174		121		19		9		251
Unallocated	17		135		—		52		—		—		(170)
Timing	(3)		—		—		(5)		—		—		2
Methodology	—		(104)		—		4		—		—		100
Total	$	899	$	342	$	174	$	172	$	19	$	9	$	183

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

Supplemental segment data and reconciliations to consolidated external reporting for the six months ended June 30 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	$	1,129	$	401	$	263	$	98	$	45	$	8	$	314
EAME	211		69		24		47		5		2		64
Asia/Pacific	138		56		3		39		8		1		31
Latin America	198		101		4		33		3		5		52
Mining	196		58		67		20		14		(1)		38
Power	37		19		—		6		(5)		—		17
Total Segments	1,909		704		361		243		70		15		516
Unallocated	39		282		—		105		—		15		(363)
Timing	(10)		—		—		(17)		—		—		7
Methodology	—		(256)		—		6		—		9		241
Total	$	1,938	$	730	$	361	$	337	$	70	$	39	$	401
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	$	1,020	$	342	$	251	$	96	$	43	$	7	$	281
EAME	189		67		25		44		1		2		50
Asia/Pacific	128		48		3		36		1		—		40
Latin America	172		84		5		30		3		3		47
Mining	188		54		63		19		1		1		50
Power	36		20		—		6		(1)		—		11
Total Segments	1,733		615		347		231		48		13		479
Unallocated	34		261		—		96		—		—		(323)
Timing	(8)		—		—		(10)		—		—		2
Methodology	—		(209)		—		6		—		4		199
Total	$	1,759	$	667	$	347	$	323	$	48	$	17	$	357

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

(Millions of dollars)	Assets as of
	June 30, 2026		December 31, 2025
North America	$	21,157	$	19,738
EAME	5,717		5,638
Asia/Pacific	3,778		3,564
Latin America	3,159		2,921
Mining	3,379		3,325
Power	1,084		1,017
Total Segments	38,274		36,203
Unallocated	2,275		2,128
Timing	(20)		32
Methodology	37		148
Inter-segment Eliminations(1)	(109)		(198)
Total	$	40,457	$	38,313

(1)    Eliminations are primarily related to intercompany loans.

(Millions of dollars)	Capital Expenditures(1)
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
North America	$	281	$	300	$	444	$	434
EAME	18		11		31		25
Asia/Pacific	7		4		23		8
Latin America	3		—		7		1
Mining	138		54		197		60
Total Segments	447		369		702		528
Unallocated	5		10		15		21
Total	$	452	$	379	$	717	$	549

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