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Segment information (Tables)

12 Months Ended

Dec. 31, 2011

	External sales and revenues		Inter- segment sales & revenues		Total sales and revenues		Depreciation and amortization		Segment profit (loss)			Segment assets at December 31		Capital expenditures
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			14,559		717
Power Systems	20,114		2,339		22,453		544		3,053			8,917		834
Machinery and Power Systems	$	55,410	$	4,076	$	59,486	$	1,533	$	8,443		$	31,418	$	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		$	63,165	$	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

2009
Construction Industries	$	8,507	$	516	$	9,023	$	555	$	(768	)	$	6,600	$	403
Resource Industries	5,857		414		6,271		313		288			3,773		243
Power Systems	13,389		855		14,244		439		1,660			6,665		531
Machinery and Power Systems	$	27,753	$	1,785	$	29,538	$	1,307	$	1,180		$	17,038	$	1,177
Financial Products Segment	3,139		—		3,139		742		399			32,230		976
Total	$	30,892	$	1,785	$	32,677	$	2,049	$	1,579		$	49,268	$	2,153

Reconciliation of Sales and revenues:

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
2011
Total external sales and revenues from reportable segments	$	55,410		$	3,003	$	—		$	58,413
All other operating segments	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 segments	2,156			—		—			2,156
Other	(65		)	40		(265		)1	(290		)
Total sales and revenues	$	39,867		$	2,986	$	(265	)	$	42,588

2009
Total external sales and revenues from reportable segments	$	27,753		$	3,139	$	—		$	30,892
All other operating segments	1,791			—		—			1,791
Other	(4		)	29		(312		)1	(287		)
Total sales and revenues	$	29,540		$	3,168	$	(312	)	$	32,396

Reconciliation of Profit before taxes:

(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidated Total
2011
Total profit from reportable segments	$	8,443		$	587		$	9,030
All other operating segments	837			—			837
Cost centers	14			—			14
Corporate costs	(1,173		)	—			(1,173		)
Timing	(203		)	—			(203		)
Redundancy charges	(1		)	—			(1		)
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 profit before taxes	$	6,105		$	620		$	6,725

2010
Total profit from reportable segments	$	4,860		$	429		$	5,289
All other operating segments	720			—			720
Cost centers	(11		)	—			(11		)
Corporate costs	(954		)	—			(954		)
Timing	(185		)	—			(185		)
Redundancy charges	(33		)	—			(33		)
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 profit before taxes	$	3,303		$	447		$	3,750

2009
Total profit from reportable segments	$	1,180		$	399		$	1,579
All other operating segments	625			—			625
Cost centers	(50		)	—			(50		)
Corporate costs	(654		)	—			(654		)
Timing	249			—			249
Redundancy charges	(654		)	(10		)	(664		)
Methodology differences:
Inventory/cost of sales	56			—			56
Postretirement benefit expense	(346		)	—			(346		)
Financing costs	(348		)	—			(348		)
Equity in profit of unconsolidated affiliated companies	12			—			12
Currency	256			—			256
Interest rate swap	(1		)				(1		)
Other income/expense methodology differences	(157		)	—			(157		)
Other methodology differences	6			6			12
Total profit before taxes	$	174		$	395		$	569

Reconciliation of Redundancy costs:

(Millions of dollars)	Segment profit (loss)			Redundancy costs			Segment profit (loss) with redundancy costs
2009
Construction Industries	$	(768	)	$	(256	)	$	(1,024	)
Resource Industries	288			(183		)	105
Power Systems	1,660			(139		)	1,521
Financial Products Segment	399			(10		)	389
All other operating segments	625			(76		)	549
Consolidated Total	$	2,204		$	(664	)	$	1,540

Reconciliation of Assets:

(Millions of dollars)	Machinery and Power Systems			Financial Products			Consolidating Adjustments			Consolidated Total
2011
Total assets from reportable segments	$	31,418		$	31,747		$	—		$	63,165
All other operating segments	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	2,025			—			—			2,025
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 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

2009
Total assets from reportable segments	$	17,038		$	32,230		$	—		$	49,268
All other operating segments	2,373			—			—			2,373
Items not included in segment assets:
Cash and short-term investments	2,239			—			—			2,239
Intercompany receivables	106			—			(106		)	—
Investment in Financial Products	4,514			—			(4,514		)	—
Deferred income taxes	4,177			—			(434		)	3,743
Goodwill, intangible assets and other assets	1,329			—			—			1,329
Operating lease methodology difference	(578		)	—			—			(578		)
Liabilities included in segment assets	5,053			—			—			5,053
Inventory methodology differences	(2,780		)	—			—			(2,780		)
Other	725			(255		)	(1,079		)	(609		)
Total assets	$	34,196		$	31,975		$	(6,133	)	$	60,038

Reconciliation of Depreciation and amortization

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments		Consolidated Total
2011
Total depreciation and amortization from reportable segments	$	1,533		$	710	$	—	$	2,243
Items not included in segment depreciation and amortization:
All other operating segments	172			—		—		172
Cost centers	99			—		—		99
Other	(2		)	15		—		13
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 segments	194			—		—		194
Cost centers	97			—		—		97
Other	(16		)	8		—		(8		)
Total depreciation and amortization	$	1,573		$	723	$	—	$	2,296

2009
Total depreciation and amortization from reportable segments	$	1,307		$	742	$	—	$	2,049
Items not included in segment depreciation and amortization:
All other operating segments	177			—		—		177
Cost centers	128			—		—		128
Other	(18		)	—		—		(18		)
Total depreciation and amortization	$	1,594		$	742	$	—	$	2,336

Reconciliation of Capital expenditures

(Millions of dollars)	Machinery and Power Systems			Financial Products		Consolidating Adjustments			Consolidated Total
2011
Total capital expenditures from reportable segments	$	2,466		$	1,191	$	—		$	3,657
Items not included in segment capital expenditures:
All other operating segments	343			—		—			343
Cost centers	177			—		—			177
Timing	(211		)	—		—			(211		)
Other	(129		)	163		(76		)	(42		)
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 segments	285			—		—			285
Cost centers	105			—		—			105
Timing	(180		)	—		—			(180		)
Other	(29		)	32		(69		)	(66		)
Total capital expenditures	$	1,663		$	992	$	(69	)	$	2,586

2009
Total capital expenditures from reportable segments	$	1,177		$	976	$	—		$	2,153
Items not included in segment capital expenditures:
All other operating segments	87			—		—			87
Cost centers	65			—		—			65
Timing	156			—		—			156
Other	15			—		(4		)	11
Total capital expenditures	$	1,500		$	976	$	(4	)	$	2,472

Information about Geographic Areas:

							Net property, plant and equipment
	External Sales & Revenues1						December 31,
(Millions of dollars)	2011		2010		2009		2011			2010			2009
Inside United States	$	18,004	$	13,674	$	10,560	$	7,388		$	6,427		$	6,260
Outside United States	42,134		28,914		21,836		7,007		2	6,112		2	6,126		2
Total	$	60,138	$	42,588	$	32,396	$	14,395		$	12,539		$	12,386

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

2The only country with greater than 10% of total net property, plant and equipment for the periods presented, other than the United States, is Japan with $1,220 million, $1,266 million and $1,432 million as of December 31, 2011, 2010, and 2009, respectively.

- 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.

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- 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.

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