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Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Reportable Segments

Three Months Ended September 30,

(Millions of dollars)


	2011
	External sales and revenues	Inter- segment sales & revenues	Total sales and revenues	Depreciation and amortization	Segment profit	Segment assets at Sept. 30	Capital expenditures
Construction Industries	$4,900	$162	$5,062	$136	$496	$7,390	$234
Resource Industries	4,599	290	4,889	155	745	14,903	159
Power Systems	5,075	600	5,675	133	794	8,216	279
Machinery and Power Systems	$14,574	$1,052	$15,626	$424	$2,035	$30,509	$672
Financial Products Segment	757	—	757	177	145	31,116	311
Total	$15,331	$1,052	$16,383	$601	$2,180	$61,625	$983


	2010
	External sales and revenues	Inter- segment sales & revenues	Total sales and revenues	Depreciation and amortization	Segment profit	Segment assets at Dec. 31	Capital expenditures
Construction Industries	$3,466	$179	$3,645	$123	$246	$6,927	$124
Resource Industries	2,262	206	2,468	70	538	3,892	68
Power Systems	4,196	485	4,681	132	694	8,321	92
Machinery and Power Systems	$9,924	$870	$10,794	$325	$1,478	$19,140	$284
Financial Products Segment	737	—	737	175	108	30,346	290
Total	$10,661	$870	$11,531	$500	$1,586	$49,486	$574

Reportable Segments

Nine Months Ended September 30,

(Millions of dollars)

	2011
	External sales and revenues	Inter- segment sales & revenues	Total sales and revenues	Depreciation and amortization	Segment profit	Segment assets at Sept. 30	Capital expenditures
Construction Industries	$14,312	$433	$14,745	$382	$1,522	$7,390	$471
Resource Industries	10,573	848	11,421	298	2,337	14,903	320
Power Systems	14,442	1,695	16,137	398	2,230	8,216	496
Machinery and Power Systems	$39,327	$2,976	$42,303	$1,078	$6,089	$30,509	$1,287
Financial Products Segment	2,251	—	2,251	535	453	31,116	830
Total	$41,578	$2,976	$44,554	$1,613	$6,542	$61,625	$2,117

	2010
	External sales and revenues	Inter- segment sales & revenues	Total sales and revenues	Depreciation and amortization	Segment profit	Segment assets at Dec. 31	Capital expenditures
Construction Industries	$9,469	$481	$9,950	$377	$496	$6,927	$288
Resource Industries	5,860	552	6,412	210	1,183	3,892	139
Power Systems	10,873	1,129	12,002	358	1,580	8,321	274
Machinery and Power Systems	$26,202	$2,162	$28,364	$945	$3,259	$19,140	$701
Financial Products Segment	2,220	—	2,220	538	324	30,346	677
Total	$28,422	$2,162	$30,584	$1,483	$3,583	$49,486	$1,378

Reconciliation of Sales and revenues:

Reconciliation of Sales and revenues:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Three Months Ended September 30, 2011:
Total external sales and revenues from reportable segments	$14,574	$757	$—	$15,331
All other operating segments	461	—	—	461
Other	(12)	17	(81)1	(76)
Total sales and revenues	$15,023	$774	$(81)	$15,716

Three Months Ended September 30, 2010:
Total external sales and revenues from reportable segments	$9,924	$737	$—	$10,661
All other operating segments	550	—	—	550
Other	(22)	12	(67)1	(77)
Total sales and revenues	$10,452	$749	$(67)	$11,134

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

Reconciliation of Sales and revenues:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Nine Months Ended September 30, 2011:
Total external sales and revenues from reportable segments	$39,327	$2,251	$—	$41,578
All other operating segments	1,525	—	—	1,525
Other	(17)	40	(231)1	(208)
Total sales and revenues	$40,835	$2,291	$(231)	$42,895

Nine Months Ended September 30, 2010:
Total external sales and revenues from reportable segments	$26,202	$2,220	$—	$28,422
All other operating segments	1,573	—	—	1,573
Other	(49)	28	(193)1	(214)
Total sales and revenues	$27,726	$2,248	$(193)	$29,781

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

Reconciliation of Consolidated profit (loss) before taxes:

Reconciliation of Consolidated profit (loss) before taxes:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidated Total
Three Months Ended September 30, 2011:
Total profit from reportable segments	$2,035	$145	$2,180
All other operating segments	234	—	234
Cost centers	30	—	30
Corporate costs	(332)	—	(332)
Timing	12	—	12
Methodology differences:
Inventory/cost of sales	(21)	—	(21)
Postretirement benefit expense	(110)	—	(110)
Financing costs	(116)	—	(116)
Equity in profit of unconsolidated affiliated companies	6	—	6
Currency	(188)	—	(188)
Other income/expense methodology differences	(54)	—	(54)
Other methodology differences	(7)	—	(7)
Total profit (loss) before taxes	$1,489	$145	$1,634

Three Months Ended September 30, 2010:
Total profit from reportable segments	$1,478	$108	$1,586
All other operating segments	200	—	200
Cost centers	(3)	—	(3)
Corporate costs	(238)	—	(238)
Timing	(97)	—	(97)
Methodology differences:
Postretirement benefit expense	(224)	—	(224)
Financing costs	(79)	—	(79)
Equity in profit of unconsolidated affiliated companies	7	—	7
Currency	(22)	—	(22)
Interest rate swaps	(1)	—	(1)
Other income/expense methodology differences	(29)	—	(29)
Other methodology differences	1	2	3
Total profit (loss) before taxes	$993	$110	$1,103

Reconciliation of Consolidated profit (loss) before taxes:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidated Total
Nine Months Ended September 30, 2011:
Total profit from reportable segments	$6,089	$453	$6,542
All other operating segments	601	—	601
Cost centers	28	—	28
Corporate costs	(900)	—	(900)
Timing	(157)	—	(157)
Methodology differences:
Inventory/cost of sales	1	—	1
Postretirement benefit expense	(468)	—	(468)
Financing costs	(294)	—	(294)
Equity in profit of unconsolidated affiliated companies	24	—	24
Currency	(263)	—	(263)
Interest rate swaps	(149)	—	(149)
Other income/expense methodology differences	(210)	—	(210)
Other methodology differences	(11)	3	(8)
Total profit (loss) before taxes	$4,291	$456	$4,747

Nine Months Ended September 30, 2010:
Total profit from reportable segments	$3,259	$324	$3,583
All other operating segments	580	—	580
Cost centers	(8)	—	(8)
Corporate costs	(708)	—	(708)
Timing	(209)	—	(209)
Methodology differences:
Inventory/cost of sales	38	—	38
Postretirement benefit expense	(467)	—	(467)
Financing costs	(248)	—	(248)
Equity in profit of unconsolidated affiliated companies	13	—	13
Currency	23	—	23
Interest rate swaps	(3)	—	(3)
Other income/expense methodology differences	(79)	—	(79)
Other methodology differences	(2)	5	3
Total profit (loss) before taxes	$2,189	$329	$2,518

Reconciliation of Assets:

Reconciliation of Assets:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
September 30, 2011:
Total assets from reportable segments	$30,509	$31,116	$—	$61,625
All other operating segments	2,010	—	—	2,010
Items not included in segment assets:
Cash and short-term investments	1,649	—	—	1,649
Intercompany receivables	69	—	(69)	—
Investment in Financial Products	3,965	—	(3,965)	—
Deferred income taxes	2,262	—	(485)	1,777
Goodwill, intangible assets and other assets	1,635	—	—	1,635
Operating lease methodology difference	(514)	—	—	(514)
Liabilities included in segment assets	11,450	—	—	11,450
Inventory methodology differences	(2,633)	—	—	(2,633)
Other	1,103	(220)	(115)	768
Total assets	$51,505	$30,896	$(4,634)	$77,767

December 31, 2010:
Total assets from reportable segments	$19,140	$30,346	$—	$49,486
All other operating segments	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:

Reconciliations of Depreciation and amortization:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Three Months Ended September 30, 2011:
Total depreciation and amortization from reportable segments	$424	$177	$—	$601
Items not included in segment depreciation and amortization:
All other operating segments	42	—	—	42
Cost centers	26	—	—	26
Other	(15)	4	—	(11)
Total depreciation and amortization	$477	$181	$—	$658

Three Months Ended September 30, 2010:
Total depreciation and amortization from reportable segments	$325	$175	$—	$500
Items not included in segment depreciation and amortization:
All other operating segments	48	—	—	48
Cost centers	23	—	—	23
Other	(8)	2	—	(6)
Total depreciation and amortization from reportable segments	$388	$177	$—	$565

Reconciliations of Depreciation and amortization:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Nine Months Ended September 30, 2011:
Total depreciation and amortization from reportable segments	$1,078	$535	$—	$1,613
Items not included in segment depreciation and amortization:
All other operating segments	128	—	—	128
Cost centers	74	—	—	74
Other	7	10	—	17
Total depreciation and amortization	$1,287	$545	$—	$1,832

Nine Months Ended September 30, 2010:
Total depreciation and amortization from reportable segments	$945	$538	$—	$1,483
Items not included in segment depreciation and amortization:
All other operating segments	144	—	—	144
Cost centers	72	—	—	72
Other	(23)	5	—	(18)
Total depreciation and amortization	$1,138	$543	$—	$1,681

Reconciliation of Capital expenditures:

Reconciliations of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Three Months Ended September 30, 2011:
Total capital expenditures from reportable segments	$672	$311	$—	$983
Items not included in segment capital expenditures:
All other operating segments	84	—	—	84
Cost centers	31	—	—	31
Timing	(89)	—	—	(89)
Other	(88)	92	(18)	(14)
Total capital expenditures	$610	$403	$(18)	$995

Three Months Ended September 30, 2010:
Total capital expenditures from reportable segments	$284	$290	$—	$574
Items not included in segment capital expenditures:
All other operating segments	115	—	—	115
Cost centers	24	—	—	24
Timing	(53)	—	—	(53)
Other	(6)	7	(20)	(19)
Total capital expenditures	$364	$297	$(20)	$641

Reconciliations of Capital expenditures:
(Millions of dollars)	Machinery and Power Systems	Financial Products	Consolidating Adjustments	Consolidated Total
Nine Months Ended September 30, 2011:
Total capital expenditures from reportable segments	$1,287	$830	$—	$2,117
Items not included in segment capital expenditures:
All other operating segments	173	—	—	173
Cost centers	72	—	—	72
Timing	151	—	—	151
Other	(98)	147	(63)	(14)
Total capital expenditures	$1,585	$977	$(63)	$2,499

Nine Months Ended September 30, 2010:
Total capital expenditures from reportable segments	$701	$677	$—	$1,378
Items not included in segment capital expenditures:
All other operating segments	170	—	—	170
Cost centers	48	—	—	48
Timing	115	—	—	115
Other	(10)	18	(54)	(46)
Total capital expenditures	$1,024	$695	$(54)	$1,665

- 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