| Schedule of Revenue Recognition |
The company’s net sales and revenues by primary geographical market, major product line, and timing of revenue recognition in millions of dollars follow: | | | | | | | | | | | | | | | | Agriculture
and Turf | | Construction
and Forestry | | Financial
Services | | Total | | 2019 | | | | | | | | | | | | | | Primary geographical markets: | | | | | | | | | | | | | | United States | | $ | 12,362 | | $ | 6,082 | | $ | 2,482 | | $ | 20,926 | | Canada | | | 1,096 | | | 1,107 | | | 617 | | | 2,820 | | Western Europe | | | 3,866 | | | 1,586 | | | 87 | | | 5,539 | | Central Europe and CIS | | | 1,423 | | | 749 | | | 37 | | | 2,209 | | Latin America | | | 2,894 | | | 719 | | | 272 | | | 3,885 | | Asia, Africa, Australia,
New Zealand, and Middle East | | | 2,488 | | | 1,265 | | | 126 | | | 3,879 | | Total | | $ | 24,129 | | $ | 11,508 | | $ | 3,621 | | $ | 39,258 | | | | | | | | | | | | | | | | Major product lines: | | | | | | | | | | | | | | Large Agriculture | | $ | 11,727 | | | | | | | | $ | 11,727 | | Small Agriculture | | | 8,696 | | | | | | | | | 8,696 | | Turf | | | 2,650 | | | | | | | | | 2,650 | | Construction | | | | | $ | 5,188 | | | | | | 5,188 | | Compact Construction | | | | | | 1,279 | | | | | | 1,279 | | Road Building | | | | | | 3,193 | | | | | | 3,193 | | Forestry | | | | | | 1,403 | | | | | | 1,403 | | Financial Products | | | 100 | | | 30 | | $ | 3,621 | | | 3,751 | | Other | | | 956 | | | 415 | | | | | | 1,371 | | Total | | $ | 24,129 | | $ | 11,508 | | $ | 3,621 | | $ | 39,258 | | | | | | | | | | | | | | | | Timing of revenue recognition: | | | | | | | | | | | | | | Revenue recognized at a
point in time | | $ | 23,915 | | $ | 11,391 | | $ | 111 | | $ | 35,417 | | Revenue recognized over time | | | 214 | | | 117 | | | 3,510 | | | 3,841 | | Total | | $ | 24,129 | | $ | 11,508 | | $ | 3,621 | | $ | 39,258 | |
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