Segment information (Tables)

12 Months Ended

Dec. 31, 2012



Table IV — Segment Information
(Millions of dollars)
Reportable Segments
	External sales and revenues		Inter- segment sales and revenues		Total sales and revenues		Depreciation and amortization		Segment profit		Segment assets at December 31		Capital expenditures
2012
Construction Industries	$	19,334	$	470	$	19,804	$	565	$	1,789	$	10,393	$	1,045
Resource Industries	21,158		1,117		22,275		694		4,318		13,455		1,143
Power Systems	21,122		2,407		23,529		604		3,434		9,323		960
Machinery and Power Systems	$	61,614	$	3,994	$	65,608	$	1,863	$	9,541	$	33,171	$	3,148
Financial Products Segment	3,090		—		3,090		708		763		36,563		1,660
Total	$	64,704	$	3,994	$	68,698	$	2,571	$	10,304	$	69,734	$	4,808

2011
Construction Industries	$	19,667	$	575	$	20,242	$	526	$	2,056	$	7,942	$	915
Resource Industries	15,629		1,162		16,791		463		3,334		12,292		717
Power Systems	20,114		2,339		22,453		544		3,053		8,748		834
Machinery and Power Systems	$	55,410	$	4,076	$	59,486	$	1,533	$	8,443	$	28,982	$	2,466
Financial Products Segment	3,003		—		3,003		710		587		31,747		1,191
Total	$	58,413	$	4,076	$	62,489	$	2,243	$	9,030	$	60,729	$	3,657

2010
Construction Industries	$	13,572	$	674	$	14,246	$	515	$	783	$	6,927	$	576
Resource Industries	8,667		894		9,561		281		1,789		3,892		339
Power Systems	15,537		1,684		17,221		502		2,288		8,321		567
Machinery and Power Systems	$	37,776	$	3,252	$	41,028	$	1,298	$	4,860	$	19,140	$	1,482
Financial Products Segment	2,946		—		2,946		715		429		30,346		960
Total	$	40,722	$	3,252	$	43,974	$	2,013	$	5,289	$	49,486	$	2,442

Reconciliation of Sales and revenues:



Reconciliation of Sales and Revenues:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments				Consolidated Total
2012
Total external sales and revenues from reportable segments	$	61,614		$	3,090	$	—			$	64,704
All other operating segment	1,501			—		—				1,501
Other	(47		)	70		(353		)	¹	(330		)
Total sales and revenues	$	63,068		$	3,160	$	(353	)		$	65,875

2011
Total external sales and revenues from reportable segments	$	55,410		$	3,003	$	—			$	58,413
All other operating segment	2,021			—		—				2,021
Other	(39		)	54		(311		)	¹	(296		)
Total sales and revenues	$	57,392		$	3,057	$	(311	)		$	60,138

2010
Total external sales and revenues from reportable segments	$	37,776		$	2,946	$	—			$	40,722
All other operating segment	2,156			—		—				2,156
Other	(65		)	40		(265		)	¹	(290		)
Total sales and revenues	$	39,867		$	2,986	$	(265	)		$	42,588


¹	Elimination of Financial Products revenues from Machinery and Power Systems.

Reconciliation of Profit before taxes:



Reconciliation of consolidated profit before taxes:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
2012
Total profit from reportable segments	$	9,541		$	763	$	10,304
All other operating segment	1,014			—		1,014
Cost centers	17			—		17
Corporate costs	(1,517		)	—		(1,517		)
Timing	(298		)	—		(298		)
Methodology differences:
Inventory/cost of sales	43			—		43
Postretirement benefit expense	(696		)	—		(696		)
Financing costs	(474		)	—		(474		)
Equity in profit of unconsolidated affiliated companies	(14		)	—		(14		)
Currency	108			—		108
Interest rate swap	2			—		2
Other income/expense methodology differences	(251		)	—		(251		)
Other methodology differences	(19		)	17		(2		)
Total consolidated profit before taxes	$	7,456		$	780	$	8,236

2011
Total profit from reportable segments	$	8,443		$	587	$	9,030
All other operating segment	837			—		837
Cost centers	14			—		14
Corporate costs	(1,174		)	—		(1,174		)
Timing	(203		)	—		(203		)
Methodology differences:
Inventory/cost of sales	21			—		21
Postretirement benefit expense	(670		)	—		(670		)
Financing costs	(408		)	—		(408		)
Equity in profit of unconsolidated affiliated companies	24			—		24
Currency	(315		)	—		(315		)
Interest rate swap	(149		)	—		(149		)
Other income/expense methodology differences	(273		)	—		(273		)
Other methodology differences	(42		)	33		(9		)
Total consolidated profit before taxes	$	6,105		$	620	$	6,725

2010
Total profit from reportable segments	$	4,860		$	429	$	5,289
All other operating segment	720			—		720
Cost centers	(11		)	—		(11		)
Corporate costs	(987		)	—		(987		)
Timing	(185		)	—		(185		)
Methodology differences:
Inventory/cost of sales	(13		)	—		(13		)
Postretirement benefit expense	(640		)	—		(640		)
Financing costs	(314		)	—		(314		)
Equity in profit of unconsolidated affiliated companies	24			—		24
Currency	6			—		6
Interest rate swap	(10		)	—		(10		)
Other income/expense methodology differences	(131		)	—		(131		)
Other methodology differences	(16		)	18		2
Total consolidated profit before taxes	$	3,303		$	447	$	3,750

Reconciliation of Assets:



Reconciliation of Assets:
(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidating Adjustments			Consolidated Total
2012
Total assets from reportable segments	$	33,171		$	36,563		$	—		$	69,734
All other operating segment	1,499			—			—			1,499
Items not included in segment assets:
Cash and short-term investments	3,306			—			—			3,306
Intercompany receivables	303			—			(303		)	—
Investment in Financial Products	4,433			—			(4,433		)	—
Deferred income taxes	3,926			—			(516		)	3,410
Goodwill, intangible assets and other assets	3,813			—			—			3,813
Operating lease methodology difference	(329		)	—			—			(329		)
Liabilities included in segment assets	11,293			—			—			11,293
Inventory methodology differences	(2,949		)	—			—			(2,949		)
Other	(182		)	(107		)	(132		)	(421		)
Total assets	$	58,284		$	36,456		$	(5,384	)	$	89,356

2011
Total assets from reportable segments	$	28,982		$	31,747		$	—		$	60,729
All other operating segment	2,035			—			—			2,035
Items not included in segment assets:
Cash and short-term investments	1,829			—			—			1,829
Intercompany receivables	75			—			(75		)	—
Investment in Financial Products	4,035			—			(4,035		)	—
Deferred income taxes	4,109			—			(533		)	3,576
Goodwill, intangible assets and other assets	4,461			—			—			4,461
Operating lease methodology difference	(511		)	—			—			(511		)
Liabilities included in segment assets	12,088			—			—			12,088
Inventory methodology differences	(2,786		)	—			—			(2,786		)
Other	362			(194		)	(143		)	25
Total assets	$	54,679		$	31,553		$	(4,786	)	$	81,446

2010
Total assets from reportable segments	$	19,140		$	30,346		$	—		$	49,486
All other operating segment	2,472			—			—			2,472
Items not included in segment assets:
Cash and short-term investments	1,825			—			—			1,825
Intercompany receivables	618			—			(618		)	—
Investment in Financial Products	4,275			—			(4,275		)	—
Deferred income taxes	3,745			—			(519		)	3,226
Goodwill, intangible assets and other assets	1,511			—			—			1,511
Operating lease methodology difference	(567		)	—			—			(567		)
Liabilities included in segment assets	8,758			—			—			8,758
Inventory methodology differences	(2,913		)	—			—			(2,913		)
Other	627			(233		)	(172		)	222
Total assets	$	39,491		$	30,113		$	(5,584	)	$	64,020

Reconciliation of Depreciation and amortization



Reconciliation of Depreciation and amortization:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidated Total
2012
Total depreciation and amortization from reportable segments	$	1,863		$	708	$	2,571
Items not included in segment depreciation and amortization:
All other operating segment	168			—		168
Cost centers	89			—		89
Other	(38		)	23		(15		)
Total depreciation and amortization	$	2,082		$	731	$	2,813

2011
Total depreciation and amortization from reportable segments	$	1,533		$	710	$	2,243
Items not included in segment depreciation and amortization:
All other operating segment	172			—		172
Cost centers	77			—		77
Other	20			15		35
Total depreciation and amortization	$	1,802		$	725	$	2,527

2010
Total depreciation and amortization from reportable segments	$	1,298		$	715	$	2,013
Items not included in segment depreciation and amortization:
All other operating segment	194			—		194
Cost centers	97			—		97
Other	(16		)	8		(8		)
Total depreciation and amortization	$	1,573		$	723	$	2,296

Reconciliation of Capital expenditures



Reconciliation of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
2012
Total capital expenditures from reportable segments	$	3,148		$	1,660	$	—		$	4,808
Items not included in segment capital expenditures:
All other operating segment	359			—		—			359
Cost centers	175			—		—			175
Timing	(71		)	—		—			(71		)
Other	(176		)	136		(155		)	(195		)
Total capital expenditures	$	3,435		$	1,796	$	(155	)	$	5,076

2011
Total capital expenditures from reportable segments	$	2,466		$	1,191	$	—		$	3,657
Items not included in segment capital expenditures:
All other operating segment	343			—		—			343
Cost centers	146			—		—			146
Timing	(211		)	—		—			(211		)
Other	(98		)	163		(76		)	(11		)
Total capital expenditures	$	2,646		$	1,354	$	(76	)	$	3,924

2010
Total capital expenditures from reportable segments	$	1,482		$	960	$	—		$	2,442
Items not included in segment capital expenditures:
All other operating segment	285			—		—			285
Cost centers	105			—		—			105
Timing	(180		)	—		—			(180		)
Other	(29		)	32		(69		)	(66		)
Total capital expenditures	$	1,663		$	992	$	(69	)	$	2,586

Information about Geographic Areas:



								Property, plant and equipment - net
	External sales and revenues ¹							December 31,
(Millions of dollars)	2012			2011		2010		2012		2011		2010
Inside United States	$	20,305		$	18,004	$	13,674	$	8,573	$	7,388	$	6,427
Outside United States	45,570		²	42,134		28,914		7,888		7,007		6,112		³
Total	$	65,875		$	60,138	$	42,588	$	16,461	$	14,395	$	12,539


¹	Sales of machinery and power systems are based on dealer or customer location. Revenues from services provided are based on where service is rendered.


²	The only country with greater than 10 percent of external sales and revenues for any of the periods presented, other than the United States, is Australia with $6,822 million as of December 31, 2012.


³	The only country with greater than 10 percent of total property, plant and equipment - net for any of the periods presented, other than the United States, is Japan with $1,266 million as of December 31, 2010.

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details