Segment Information A. Basis for Segment Information We report information internally for operating segments based on management responsibility. Our operating segments provide financing alternatives to customers and dealers around the world for Caterpillar products, as well as financing for vehicles, power generation facilities and marine vessels that, in most cases, incorporate Caterpillar products. Financing plans include operating and finance leases, installment sale contracts, working capital loans and wholesale financing plans within each of the operating segments. B. Description of Segments We have six operating segments that offer financing services. Following is a brief description of our segments:  North America - Includes our operations in the United States and Canada.  EAME - Includes our operations in Europe, Africa, the Middle East and the Commonwealth of Independent States.  Asia/Pacific - Includes our operations in Australia, New Zealand, China, Japan, Southeast Asia and India.  Latin America - Includes our operations in Mexico and Central and South American countries.  Caterpillar Power Finance - Provides financing worldwide for marine vessels with Caterpillar engines and for Caterpillar electrical power generation, gas compression and co-generation systems and non-Caterpillar equipment that is powered by these systems.  Mining - Provides financing for large mining customers worldwide. To align with changes in executive management responsibilities and measurement of segment performance, our management reporting was updated effective January 1, 2020. Prior year data has been revised to conform to the 2020 presentation. C. Segment Measurement and Reconciliations Cash, debt and other expenses are allocated to our segments based on their respective portfolios. The related Interest expense is calculated based on the amount of allocated debt and the rates associated with that debt. The performance of each segment is assessed based on a consistent leverage ratio. The Provision for credit losses is based on each segment's respective finance receivable portfolio. Capital expenditures include expenditures for equipment on operating leases and other miscellaneous capital expenditures. Reconciling items are created based on accounting differences between segment reporting and consolidated external reporting. For the reconciliation of Profit before income taxes, we have grouped the reconciling items as follows:  Unallocated - This item is related to corporate requirements and strategies that are considered to be for the benefit of the entire organization. Also included are the consolidated results of the special purpose corporation (see Note 7 for additional information) and other miscellaneous items.  Timing - Timing differences in the recognition of costs between segment reporting and consolidated external reporting.  Methodology - Methodology differences between segment reporting and consolidated external reporting are as follows:  Segment assets include off-balance sheet managed assets for which we maintain servicing responsibilities.  The impact of differences between the actual leverage and the segment leverage ratios.  Interest expense includes realized forward points on foreign currency forward contracts.  The net gain or loss from interest rate derivatives is excluded from segment reporting. Supplemental segment data and reconciliations to consolidated external reporting for the three months ended June 30 was as follows: (Millions of dollars) 2020 External Revenues Profit before income taxes Interest Expense Depreciation on equipment leased to others Provision for credit losses Assets at June 30, 2020 Capital expenditures North America $ 356 $ 62 $ 87 $ 139 $ 25 $ 14,684 $ 221 EAME 63 14 10 15 6 4,786 9 Asia/Pacific 82 39 23 3 7 4,400 2 Latin America 48 2 21 3 12 2,764 1 Caterpillar Power Finance 17 (10 ) 6  18 1,409  Mining 75 (1 ) 14 34 18 2,707 18 Total Segments 641 106 161 194 86 30,750 251 Unallocated 6 (64 ) 46   1,799 5 Timing (6 ) (1 )    11  Methodology  48 (57 )   (136 )  Inter-segment Eliminations (1)      (351 )  Total $ 641 $ 89 $ 150 $ 194 $ 86 $ 32,073 $ 256 2019 External Revenues Profit before income taxes Interest Expense Depreciation on equipment leased to others Provision for credit losses Assets at December 31, 2019 Capital expenditures North America $ 412 $ 131 $ 98 $ 145 $ 2 $ 15,496 $ 388 EAME 71 22 13 17 (2 ) 4,918 18 Asia/Pacific 99 47 27 3 5 4,540 4 Latin America 59 3 24 4 13 2,809 5 Caterpillar Power Finance 26 (33 ) 11 1 42 1,673  Mining 83 11 18 34 11 2,966 38 Total Segments 750 181 191 204 71 32,402 453 Unallocated 15 (83 ) 65   1,896 6 Timing (8 ) (4 )    16  Methodology  47 (56 )   (216 )  Inter-segment Eliminations (1)      (405 )  Total $ 757 $ 141 $ 200 $ 204 $ 71 $ 33,693 $ 459 (1) Elimination is primarily related to intercompany loans. Supplemental segment data and reconciliations to consolidated external reporting for the six months ended June 30 was as follows: (Millions of dollars) 2020 External Revenues Profit before income taxes Interest Expense Depreciation on equipment leased to others Provision for credit losses Assets at June 30, 2020 Capital expenditures North America $ 738 $ 137 $ 181 $ 283 $ 47 $ 14,684 $ 441 EAME 133 30 23 31 13 4,786 13 Asia/Pacific 168 75 50 5 14 4,400 5 Latin America 101 8 44 6 19 2,764 4 Caterpillar Power Finance 37 (9 ) 14  23 1,409  Mining 156 7 31 70 31 2,707 34 Total Segments 1,333 248 343 395 147 30,750 497 Unallocated 15 (134 ) 102   1,799 6 Timing (12 ) (2 )    11  Methodology  104 (120 )   (136 )  Inter-segment Eliminations (1)      (351 )  Total $ 1,336 $ 216 $ 325 $ 395 $ 147 $ 32,073 $ 503 2019 External Revenues Profit before income taxes Interest Expense Depreciation on equipment leased to others Provision for credit losses Assets at December 31, 2019 Capital expenditures North America $ 812 $ 247 $ 195 $ 288 $ 9 $ 15,496 $ 566 EAME 141 45 26 34 (3 ) 4,918 41 Asia/Pacific 187 86 56 6 8 4,540 10 Latin America 117 6 46 9 28 2,809 7 Caterpillar Power Finance 55 (49 ) 24 1 68 1,673  Mining 163 27 36 68 14 2,966 72 Total Segments 1,475 362 383 406 124 32,402 696 Unallocated 34 (166 ) 129   1,896 9 Timing (16 ) (9 )    16  Methodology  96 (111 )   (216 )  Inter-segment Eliminations (1)      (405 )  Total $ 1,493 $ 283 $ 401 $ 406 $ 124 $ 33,693 $ 705 (1) Elimination is primarily related to intercompany loans.