v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
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)

 
2025
External
revenues		Interest expenseDepreciation on equipment leased to othersGeneral, operating and administrative expensesProvision
for
credit
losses
Other segment items(1)
Profit (loss) before income taxes
North America$520 $172 $126 $48 $24 $4 $146 
EAME96 34 13 25 — 1 23 
Asia/Pacific66 24 2 19 — — 21 
Latin America89 44 2 17 2 2 22 
Mining95 27 31 9 (8)2 34 
Power19 10 — 3 1 — 5 
Total Segments885 311 174 121 19 9 251 
Unallocated17 135 — 52 — — (170)
Timing(3)— — (5)— — 2 
Methodology— (104)— 4 — — 100 
Total$899 $342 $174 $172 $19 $9 $183 
2024External
revenues		Interest expenseDepreciation on equipment leased to othersGeneral, operating and administrative expensesProvision
for
credit
losses
Other segment items(1)
Profit (loss) before income taxes
North America$493 $152 $128 $46 $15 $4 $148 
EAME93 36 13 24 (4)2 22 
Asia/Pacific68 22 1 19 (1)2 25 
Latin America84 38 4 13 5 1 23 
Mining93 25 34 10 5 1 18 
Power15 8 — 2 (14)— 19 
Total Segments846 281 180 114 6 10 255 
Unallocated22 119 — 50 — (5)(142)
Timing(3)— — (4)— — 1 
Methodology— (85)— 4 — 3 78 
Divestiture— — — — — 210 (210)
Total$865 $315 $180 $164 $6 $218 $(18)
(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)


2025
External
Revenues		Interest
Expense		Depreciation
on equipment
leased to
others		General, operating and administrative expensesProvision
for
credit
losses
Other segment items(1)
Profit (loss) before income taxes
North America$1,020 $342 $251 $96 $43 $7 $281 
EAME189 67 25 44 1 2 50 
Asia/Pacific128 48 3 36 1 — 40 
Latin America172 84 5 30 3 3 47 
Mining188 54 63 19 1 1 50 
Power36 20 — 6 (1)— 11 
Total Segments1,733 615 347 231 48 13 479 
Unallocated34 261 — 96 — — (323)
Timing(8)— — (10)— — 2 
Methodology— (209)— 6 — 4 199 
Total$1,759 $667 $347 $323 $48 $17 $357 
2024External
Revenues		Interest
Expense		Depreciation
on equipment
leased to
others		General, operating and administrative expensesProvision
for
credit
losses
Other segment items(1)
Profit (loss) before income taxes
North America$978 $295 $257 $92 $34 $8 $292 
EAME185 69 27 46 (12)3 52 
Asia/Pacific134 48 2 38 (2)2 46 
Latin America169 78 7 27 3 2 52 
Mining185 49 67 19 5 1 44 
Power30 15 1 5 (15)— 24 
Total Segments1,681 554 361 227 13 16 510 
Unallocated44 232 — 93 — (35)(246)
Timing(7)— — (8)— — 1 
Methodology— (173)— 6 — 11 156 
Divestiture— — — — — 210 (210)
Total$1,718 $613 $361 $318 $13 $202 $211 
 (1) Other segment items are primarily costs related to repossessed and returned equipment.
(Millions of dollars)Assets as of
June 30, 2025December 31, 2024
North America$18,466 $17,800 
EAME5,384 4,668 
Asia/Pacific3,416 3,276 
Latin America2,791 2,423 
Mining3,355 3,306 
Power891 812 
Total Segments$34,303 $32,285 
Unallocated1,863 1,921 
Timing(10)(12)
Methodology221 128 
Inter-segment Eliminations(1)
(294)(238)
Total$36,083 $34,084 
(1)    Eliminations are primarily related to intercompany loans.
(Millions of dollars)
Capital Expenditures(1)
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
North America$300 $250 $434 $411 
EAME11 11 25 19 
Asia/Pacific4 2 8 4 
Latin America— 4 1 12 
Mining54 50 60 99 
Total Segments369 317 528 545 
Unallocated10 3 21 8 
Total$379 $320 $549 $553 
(1)    Capital expenditures include expenditures for equipment on operating leases and other miscellaneous capital expenditures.