v3.26.1
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 revenuesInterest expenseDepreciation on equipment leased to othersGeneral, operating and administrative expensesProvision for credit losses
Other segment items(1)
Profit before income taxes
North America$554 $196 $131 $50 $21 $$152 
EAME103 32 13 22 32 
Asia/Pacific66 28 19 — 13 
Latin America95 50 16 24 
Mining97 29 32 12 — 20 
Power18 — (4)— 10 
Total Segments933 344 180 122 29 251 
Unallocated19 140 — 56 — (180)
Timing(5)— — (7)— — 
Methodology— (128)— — 122 
Total$947 $356 $180 $173 $29 $14 $195 
2025External revenuesInterest expenseDepreciation on equipment leased to othersGeneral, operating and administrative expensesProvision for credit losses
Other segment items(1)
Profit before income taxes
North America$500 $170 $125 $48 $19 $$135 
EAME93 33 12 19 27 
Asia/Pacific62 24 17 — 19 
Latin America83 40 13 25 
Mining93 27 32 10 (1)16 
Power17 10 — (2)— 
Total Segments848 304 173 110 29 228 
Unallocated17 126 — 44 — — (153)
Timing(5)— — (5)— — — 
Methodology— (105)— — 99 
Total$860 $325 $173 $151 $29 $$174 
(1)    Other segment items are primarily costs related to repossessed and returned equipment.
(Millions of dollars)Assets as of
March 31, 2026December 31, 2025
North America$19,928 $19,738 
EAME5,362 5,638 
Asia/Pacific3,549 3,564 
Latin America2,908 2,921 
Mining3,423 3,325 
Power1,009 1,017 
Total Segments36,179 36,203 
Unallocated2,171 2,128 
Timing(1)32 
Methodology71 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,
20262025
North America$163 $134 
EAME13 14 
Asia/Pacific16 
Latin America
Mining59 
Total Segments255 159 
Unallocated10 11 
Total$265 $170 
(1)    Capital expenditures include expenditures for equipment on operating leases and other miscellaneous capital expenditures.