| 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 | | 2020 | | | | | | | | | | | | | | Primary geographical markets: | | | | | | | | | | | | | | United States | | $ | 11,948 | | $ | 4,548 | | $ | 2,500 | | $ | 18,996 | | Canada | | | 990 | | | 802 | | | 598 | | | 2,390 | | Western Europe | | | 3,764 | | | 1,479 | | | 90 | | | 5,333 | | Central Europe and CIS | | | 1,391 | | | 646 | | | 35 | | | 2,072 | | Latin America | | | 2,236 | | | 553 | | | 234 | | | 3,023 | | Asia, Africa, Australia, New Zealand, and Middle East | | | 2,441 | | | 1,153 | | | 132 | | | 3,726 | | Total | | $ | 22,770 | | $ | 9,181 | | $ | 3,589 | | $ | 35,540 | | | | | | | | | | | | | | | | Major product lines: | | | | | | | | | | | | | | Large Agriculture | | $ | 11,387 | | | | | | | | $ | 11,387 | | Small Agriculture | | | 8,102 | | | | | | | | | 8,102 | | Turf | | | 2,390 | | | | | | | | | 2,390 | | Construction | | | | | $ | 3,521 | | | | | | 3,521 | | Compact Construction | | | | | | 1,269 | | | | | | 1,269 | | Roadbuilding | | | | | | 2,924 | | | | | | 2,924 | | Forestry | | | | | | 1,100 | | | | | | 1,100 | | Financial Products | | | 106 | | | 25 | | $ | 3,589 | | | 3,720 | | Other | | | 785 | | | 342 | | | | | | 1,127 | | Total | | $ | 22,770 | | $ | 9,181 | | $ | 3,589 | | $ | 35,540 | | | | | | | | | | | | | | | | Timing of revenue recognition: | | | | | | | | | | | | | | Revenue recognized at a
point in time | | $ | 22,545 | | $ | 9,071 | | $ | 106 | | $ | 31,722 | | Revenue recognized over time | | | 225 | | | 110 | | | 3,483 | | | 3,818 | | Total | | $ | 22,770 | | $ | 9,181 | | $ | 3,589 | | $ | 35,540 | |
| | | | | | | | | | | | | | | | 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 | | Roadbuilding | | | | | | 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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