|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                   | For the Three Months Ended January 31, 2015 |
| (in millions)                                                                          | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                         | $ | 2,385 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,385 |  |
| Finance revenues                                                                       | — |  |   | 60 |  |   | (24 | ) |   | 36 |  |
| Sales and revenues, net                                                                | 2,385 |  |   | 60 |  |   | (24 | ) |   | 2,421 |  |
| Costs of products sold                                                                 | 2,045 |  |   | — |  |   | — |  |   | 2,045 |  |
| Restructuring charges                                                                  | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Asset impairment charges                                                               | 7 |  |   | — |  |   | — |  |   | 7 |  |
| Selling, general and administrative expenses                                           | 219 |  |   | 23 |  |   | (1 | ) |   | 241 |  |
| Engineering and product development costs                                              | 79 |  |   | — |  |   | — |  |   | 79 |  |
| Interest expense                                                                       | 60 |  |   | 20 |  |   | (3 | ) |   | 77 |  |
| Other expense (income), net                                                            | 24 |  |   | (7 | ) |   | (20 | ) |   | (3 | ) |
| Total costs and expenses                                                               | 2,437 |  |   | 36 |  |   | (24 | ) |   | 2,449 |  |
| Equity in income of non-consolidated affiliates                                        | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Income (loss) before equity income from financial services operations and income taxes | (50 | ) |   | 24 |  |   | — |  |   | (26 | ) |
| Equity income (loss) from financial services operations                                | 15 |  |   | — |  |   | (15 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                           | (35 | ) |   | 24 |  |   | (15 | ) |   | (26 | ) |
| Income tax benefit (expense)                                                           | 2 |  |   | (9 | ) |   | — |  |   | (7 | ) |
| Net income (loss)                                                                      | (33 | ) |   | 15 |  |   | (15 | ) |   | (33 | ) |
| Less: Income attributable to non-controlling interests                                 | 9 |  |   | — |  |   | — |  |   | 9 |  |
| Net income (loss) attributable to Navistar International Corporation                   | $ | (42 | ) |   | $ | 15 |  |   | $ | (15 | ) |   | $ | (42 | ) |

----

|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                   | For the Three Months Ended January 31, 2014 |
| (in millions)                                                                          | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                         | $ | 2,169 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,169 |  |
| Finance revenues                                                                       | — |  |   | 55 |  |   | (16 | ) |   | 39 |  |
| Sales and revenues, net                                                                | 2,169 |  |   | 55 |  |   | (16 | ) |   | 2,208 |  |
| Costs of products sold                                                                 | 2,014 |  |   | — |  |   | — |  |   | 2,014 |  |
| Restructuring charges                                                                  | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Asset impairment charges                                                               | 18 |  |   | — |  |   | — |  |   | 18 |  |
| Selling, general and administrative expenses                                           | 216 |  |   | 24 |  |   | (1 | ) |   | 239 |  |
| Engineering and product development costs                                              | 90 |  |   | — |  |   | — |  |   | 90 |  |
| Interest expense                                                                       | 65 |  |   | 17 |  |   | — |  |   | 82 |  |
| Other expense (income), net                                                            | 37 |  |   | (8 | ) |   | (15 | ) |   | 14 |  |
| Total costs and expenses                                                               | 2,443 |  |   | 33 |  |   | (16 | ) |   | 2,460 |  |
| Income (loss) before equity income from financial services operations and income taxes | (274 | ) |   | 22 |  |   | — |  |   | (252 | ) |
| Equity income (loss) from financial services operations                                | 14 |  |   | — |  |   | (14 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                           | (260 | ) |   | 22 |  |   | (14 | ) |   | (252 | ) |
| Income tax benefit (expense)                                                           | 20 |  |   | (8 | ) |   | — |  |   | 12 |  |
| Income (loss) from continuing operations                                               | (240 | ) |   | 14 |  |   | (14 | ) |   | (240 | ) |
| Income from discontinued operations, net of tax                                        | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Net income (loss)                                                                      | (239 | ) |   | 14 |  |   | (14 | ) |   | (239 | ) |
| Less: Income attributable to non-controlling interests                                 | 9 |  |   | — |  |   | — |  |   | 9 |  |
| Net income (loss) attributable to Navistar International Corporation                   | $ | (248 | ) |   | $ | 14 |  |   | $ | (14 | ) |   | $ | (248 | ) |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                | As of January 31, 2015 |
| (in millions)                                                       | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Balance Sheet |
| Assets                                                              |   |   |   |   |   |   |   |
| Cash and cash equivalents                                           | $ | 583 |  |   | $ | 37 |  |   | $ | — |  |   | $ | 620 |  |
| Marketable securities                                               | 150 |  |   | 25 |  |   | — |  |   | 175 |  |
| Restricted cash                                                     | 26 |  |   | 89 |  |   | — |  |   | 115 |  |
| Finance and other receivables, net                                  | 512 |  |   | 2,500 |  |   | (589 | ) |   | 2,423 |  |
| Inventories                                                         | 1,336 |  |   | 16 |  |   | — |  |   | 1,352 |  |
| Goodwill                                                            | 38 |  |   | — |  |   | — |  |   | 38 |  |
| Property and equipment, net                                         | 1,221 |  |   | 253 |  |   | — |  |   | 1,474 |  |
| Investments in and advances to financial services operations        | 573 |  |   | — |  |   | (573 | ) |   | — |  |
| Investments in non-consolidated affiliates                          | 67 |  |   | — |  |   | — |  |   | 67 |  |
| Deferred taxes, net                                                 | 157 |  |   | 16 |  |   | — |  |   | 173 |  |
| Other assets                                                        | 320 |  |   | 28 |  |   | — |  |   | 348 |  |
| Total assets                                                        | $ | 4,983 |  |   | $ | 2,964 |  |   | $ | (1,162 | ) |   | $ | 6,785 |  |
| Liabilities and stockholders' equity (deficit)                      |   |   |   |   |   |   |   |
| Accounts payable                                                    | $ | 1,895 |  |   | $ | 24 |  |   | $ | (589 | ) |   | $ | 1,330 |  |
| Debt                                                                | 2,929 |  |   | 2,153 |  |   | — |  |   | 5,082 |  |
| Postretirement benefits liabilities                                 | 2,877 |  |   | 39 |  |   | — |  |   | 2,916 |  |
| Other liabilities                                                   | 1,970 |  |   | 175 |  |   | — |  |   | 2,145 |  |
| Total liabilities                                                   | 9,671 |  |   | 2,391 |  |   | (589 | ) |   | 11,473 |  |
| Redeemable equity securities                                        | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Stockholders' equity attributable to non-controlling interest       | 31 |  |   | — |  |   | — |  |   | 31 |  |
| Stockholders' equity (deficit) attributable to controlling interest | (4,720 | ) |   | 573 |  |   | (573 | ) |   | (4,720 | ) |
| Total liabilities and stockholders' equity (deficit)                | $ | 4,983 |  |   | $ | 2,964 |  |   | $ | (1,162 | ) |   | $ | 6,785 |  |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                | As of October 31, 2014 |
| (in millions)                                                       | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Balance Sheet |
| Assets                                                              |   |   |   |   |   |   |   |
| Cash and cash equivalents                                           | $ | 440 |  |   | $ | 57 |  |   | $ | — |  |   | $ | 497 |  |
| Marketable securities                                               | 578 |  |   | 27 |  |   | — |  |   | 605 |  |
| Restricted cash                                                     | 22 |  |   | 149 |  |   | — |  |   | 171 |  |
| Finance and other receivables, net                                  | 579 |  |   | 2,650 |  |   | (613 | ) |   | 2,616 |  |
| Inventories                                                         | 1,303 |  |   | 16 |  |   | — |  |   | 1,319 |  |
| Goodwill                                                            | 38 |  |   | — |  |   | — |  |   | 38 |  |
| Property and equipment, net                                         | 1,294 |  |   | 268 |  |   | — |  |   | 1,562 |  |
| Investments in and advances to financial services operations        | 698 |  |   | — |  |   | (698 | ) |   | — |  |
| Investments in non-consolidated affiliates                          | 73 |  |   | — |  |   | — |  |   | 73 |  |
| Deferred taxes, net                                                 | 183 |  |   | 17 |  |   | — |  |   | 200 |  |
| Other assets                                                        | 335 |  |   | 27 |  |   | — |  |   | 362 |  |
| Total assets                                                        | $ | 5,543 |  |   | $ | 3,211 |  |   | $ | (1,311 | ) |   | $ | 7,443 |  |
| Liabilities and stockholders' equity (deficit)                      |   |   |   |   |   |   |   |
| Accounts payable                                                    | $ | 2,144 |  |   | $ | 33 |  |   | $ | (613 | ) |   | $ | 1,564 |  |
| Debt                                                                | 2,958 |  |   | 2,266 |  |   | — |  |   | 5,224 |  |
| Postretirement benefits liabilities                                 | 2,916 |  |   | 40 |  |   | — |  |   | 2,956 |  |
| Other liabilities                                                   | 2,143 |  |   | 174 |  |   | — |  |   | 2,317 |  |
| Total liabilities                                                   | 10,161 |  |   | 2,513 |  |   | (613 | ) |   | 12,061 |  |
| Redeemable equity securities                                        | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Stockholders' equity attributable to non-controlling interest       | 34 |  |   | — |  |   | — |  |   | 34 |  |
| Stockholders' equity (deficit) attributable to controlling interest | (4,654 | ) |   | 698 |  |   | (698 | ) |   | (4,654 | ) |
| Total liabilities and stockholders' equity (deficit)                | $ | 5,543 |  |   | $ | 3,211 |  |   | $ | (1,311 | ) |   | $ | 7,443 |  |

----

|                                                                                  |
|----------------------------------------------------------------------------------|
|                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                             | For the Three Months Ended January 31, 2015 |
| (in millions)                                                                    | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Condensed Consolidated Statement of Cash Flows |
| Cash flows from operating activities                                             |   |   |   |   |   |   |   |
| Net income (loss)                                                                | $ | (33 | ) |   | $ | 15 |  |   | $ | (15 | ) |   | $ | (33 | ) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: |   |   |   |   |   |   |   |
| Depreciation and amortization                                                    | 58 |  |   | — |  |   | — |  |   | 58 |  |
| Depreciation of equipment leased to others                                       | 9 |  |   | 12 |  |   | — |  |   | 21 |  |
| Amortization of debt issuance costs and discount                                 | 6 |  |   | 3 |  |   | — |  |   | 9 |  |
| Deferred income taxes                                                            | (12 | ) |   | — |  |   | — |  |   | (12 | ) |
| Asset impairment charges                                                         | 3 |  |   | 4 |  |   | — |  |   | 7 |  |
| Equity in loss of non-consolidated affiliates                                    | (2 | ) |   | — |  |   | — |  |   | (2 | ) |
| Equity in income of financial services affiliates                                | (15 | ) |   | — |  |   | 15 |  |   | — |  |
| Dividends from financial services operations                                     | 125 |  |   | (125 | ) |   | — |  |   | — |  |
| Dividends from non-consolidated affiliates                                       | 7 |  |   | — |  |   | — |  |   | 7 |  |
| Change in intercompany receivables and payables                                  | 57 |  |   | (57 | ) |   | — |  |   | — |  |
| Other, net                                                                       | (346 | ) |   | 80 |  |   | — |  |   | (266 | ) |
| Net cash used in operating activities                                            | (143 | ) |   | (68 | ) |   | — |  |   | (211 | ) |
| Cash flows from investing activities                                             |   |   |   |   |   |   |  |  |
| Purchases of marketable securities                                               | (140 | ) |   | — |  |   | — |  |   | (140 | ) |
| Sales of marketable securities                                                   | 506 |  |   | 1 |  |   | — |  |   | 507 |  |
| Maturities of marketable securities                                              | 63 |  |   | — |  |   | — |  |   | 63 |  |
| Net change in restricted cash and cash equivalents                               | (3 | ) |   | 56 |  |   | — |  |   | 53 |  |
| Capital expenditures                                                             | (17 | ) |   | — |  |   | — |  |   | (17 | ) |
| Purchase of equipment leased to others                                           | 3 |  |   | (13 | ) |   | — |  |   | (10 | ) |
| Other investing activities                                                       | — |  |   | 1 |  |   | — |  |   | 1 |  |
| Net cash provided by investing activities                                        | 412 |  |   | 45 |  |   | — |  |   | 457 |  |
| Net cash used in financing activities                                            | (109 | ) |   | — |  |   | — |  |   | (109 | ) |
| Effect of exchange rate changes on cash and cash equivalents                     | (17 | ) |   | 3 |  |   | — |  |   | (14 | ) |
| Increase (decrease) in cash and cash equivalents                                 | 143 |  |   | (20 | ) |   | — |  |   | 123 |  |
| Cash and cash equivalents at beginning of the period                             | 440 |  |   | 57 |  |   | — |  |   | 497 |  |
| Cash and cash equivalents at end of the period                                   | $ | 583 |  |   | $ | 37 |  |   | $ | — |  |   | $ | 620 |  |

----

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | For the Three Months Ended January 31, 2014 |
| (in millions)                                                                                  | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Condensed Consolidated Statement of Cash Flows |
| Cash flows from operating activities                                                           |   |   |   |   |   |   |   |
| Net income (loss)                                                                              | $ | (239 | ) |   | $ | 14 |  |   | $ | (14 | ) |   | $ | (239 | ) |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                  | 55 |  |   | — |  |   | — |  |   | 55 |  |
| Depreciation of equipment leased to others                                                     | 21 |  |   | 10 |  |   | — |  |   | 31 |  |
| Amortization of debt issuance costs and discount                                               | 11 |  |   | 3 |  |   | — |  |   | 14 |  |
| Deferred income taxes                                                                          | (18 | ) |   | — |  |   | — |  |   | (18 | ) |
| Asset impairment charges                                                                       | 18 |  |   | — |  |   | — |  |   | 18 |  |
| Equity in income of financial services affiliates                                              | (14 | ) |   | — |  |   | 14 |  |   | — |  |
| Dividends from non-consolidated affiliates                                                     | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Change in intercompany receivables and payables                                                | (83 | ) |   | 83 |  |   | — |  |   | — |  |
| Other, net                                                                                     | (121 | ) |   | 165 |  |   | — |  |   | 44 |  |
| Net cash provided by (used in) operating activities                                            | (368 | ) |   | 275 |  |   | — |  |   | (93 | ) |
| Cash flows from investing activities                                                           |   |   |   |   |   |   |   |
| Purchases of marketable securities                                                             | (378 | ) |   | — |  |   | — |  |   | (378 | ) |
| Sales of marketable securities                                                                 | 521 |  |   | — |  |   | — |  |   | 521 |  |
| Maturities of marketable securities                                                            | 57 |  |   | — |  |   | — |  |   | 57 |  |
| Net change in restricted cash and cash equivalents                                             | 5 |  |   | (29 | ) |   | — |  |   | (24 | ) |
| Capital expenditures                                                                           | (21 | ) |   | — |  |   | — |  |   | (21 | ) |
| Purchase of equipment leased to others                                                         | (16 | ) |   | (33 | ) |   | — |  |   | (49 | ) |
| Other investing activities                                                                     | 1 |  |   | 7 |  |   | — |  |   | 8 |  |
| Net cash provided by (used in) investing activities                                            | 169 |  |   | (55 | ) |   | — |  |   | 114 |  |
| Net cash used in financing activities                                                          | (3 | ) |   | (203 | ) |   | — |  |   | (206 | ) |
| Effect of exchange rate changes on cash and cash equivalents                                   | (22 | ) |   | 1 |  |   | — |  |   | (21 | ) |
| Increase (decrease) in cash and cash equivalents                                               | (224 | ) |   | 18 |  |   | — |  |   | (206 | ) |
| Cash and cash equivalents at beginning of the period                                           | 727 |  |   | 28 |  |   | — |  |   | 755 |  |
| Cash and cash equivalents at end of the period                                                 | $ | 503 |  |   | $ | 46 |  |   | $ | — |  |   | $ | 549 |  |