XML 63 R55.htm IDEA: XBRL DOCUMENT v3.19.2
SEGMENT INFORMATION - Reconciliation from Net Income Under US GAAP To Adjusted EBIT and Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Segment Reporting Information [Line Items]        
Revenues $ 7,567 $ 8,045 $ 14,024 $ 14,818
Net income 427 408 691 610
Add back:        
Income tax expense 135 118 225 181
Interest expense of Industrial Activities, net of interest income and eliminations 66 88 119 181
Foreign exchange losses, net 11 97 20 122
Finance and non-service component of Pension and OPEB costs(2) (16) (4) (31) 14
Adjustments:        
Restructuring expenses 28 5 36 8
Adjusted EBIT 651 712 1,060 1,116
Depreciation and amortization 163 179 332 364
Depreciation of assets on operating lease and assets sold with buy-back commitment 138 155 282 323
Adjusted EBITDA 952 1,046 1,674 1,803
Benefits modification amortization $ 30 $ 20 $ 60 $ 20
Amortization period of retirement benefits payable 4 years 6 months 4 years 6 months 4 years 6 months 4 years 6 months
Reduction of plan liability $ 527 $ 527 $ 527 $ 527
Eliminations and other        
Segment Reporting Information [Line Items]        
Revenues (20) (32) (43) (61)
Net income 0 0 0 0
Add back:        
Income tax expense 0 0 0 0
Interest expense of Industrial Activities, net of interest income and eliminations 0 0 0 0
Foreign exchange losses, net 0 0 0 0
Finance and non-service component of Pension and OPEB costs(2) 0 0 0 0
Adjustments:        
Restructuring expenses 0 0 0 0
Adjusted EBIT 0 0 0 0
Depreciation and amortization 0 0 0 0
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA 0 0 0 0
Industrial activities        
Segment Reporting Information [Line Items]        
Revenues 7,091 7,602 13,127 13,929
Net income 427 408 691 610
Add back:        
Income tax expense 104 79 158 102
Adjustments:        
Restructuring expenses 26 5 34 8
Industrial activities | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 7,068 7,579 13,074 13,879
Net income 336 306 505 405
Add back:        
Income tax expense 104 79 158 102
Interest expense of Industrial Activities, net of interest income and eliminations 66 88 119 181
Foreign exchange losses, net 11 97 20 122
Finance and non-service component of Pension and OPEB costs(2) (16) (4) (31) 14
Adjustments:        
Restructuring expenses 26 5 34 8
Adjusted EBIT 527 571 805 832
Depreciation and amortization 162 177 330 361
Depreciation of assets on operating lease and assets sold with buy-back commitment 79 95 158 197
Adjusted EBITDA 768 843 1,293 1,390
Industrial activities | Eliminations and other        
Segment Reporting Information [Line Items]        
Revenues (615) (639) (1,189) (1,281)
Adjustments:        
Restructuring expenses 1 0 1 0
Adjusted EBIT (41) (58) (91) (127)
Depreciation and amortization 0 1 0 1
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA (41) (57) (91) (126)
Industrial activities | Agriculture | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 3,095 3,312 5,585 5,891
Adjustments:        
Restructuring expenses 15 1 18 1
Adjusted EBIT 341 396 509 582
Depreciation and amortization 69 75 144 154
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 1 0 1
Adjusted EBITDA 410 472 653 737
Industrial activities | Construction | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 757 799 1,397 1,481
Adjustments:        
Restructuring expenses 4 0 4 0
Adjusted EBIT 25 33 38 33
Depreciation and amortization 15 15 29 31
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA 40 48 67 64
Industrial activities | Commercial and Specialty Vehicles | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 2,698 2,889 5,112 5,384
Adjustments:        
Restructuring expenses 6 3 11 6
Adjusted EBIT 100 92 151 141
Depreciation and amortization 47 53 94 108
Depreciation of assets on operating lease and assets sold with buy-back commitment 79 94 158 196
Adjusted EBITDA 226 239 403 445
Industrial activities | Powertrain | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 1,133 1,218 2,169 2,404
Adjustments:        
Restructuring expenses 0 1 0 1
Adjusted EBIT 102 108 198 203
Depreciation and amortization 31 33 63 67
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA 133 141 261 270
Financial services        
Segment Reporting Information [Line Items]        
Revenues 519 498 993 1,000
Net income 91 102 186 205
Add back:        
Income tax expense 31 39 67 79
Interest expense of Industrial Activities, net of interest income and eliminations 0 0 0 0
Foreign exchange losses, net 0 0 0 0
Finance and non-service component of Pension and OPEB costs(2) 0 0 0 0
Adjustments:        
Restructuring expenses 2 0 2 0
Adjusted EBIT 124 141 255 284
Depreciation and amortization 1 2 2 3
Depreciation of assets on operating lease and assets sold with buy-back commitment 59 60 124 126
Adjusted EBITDA 184 203 381 413
Financial services | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 519 498 993 1,000
Financial services | Eliminations and other        
Segment Reporting Information [Line Items]        
Revenues $ (20) $ (32) $ (43) $ (61)