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.
|