|         |                                                                                             |
|---------|---------------------------------------------------------------------------------------------|
| • | Reports net income of $170 million, or $1.71 per diluted share, on revenues of $2.6 billion |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | Generates $218 million of adjusted EBITDA in the quarter |

|         |                                                     |
|---------|-----------------------------------------------------|
| • | Raises industry and financial guidance for the year |

|         |                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be 390,000 to 410,000 units, with Class 8 retail deliveries of 260,000 to 280,000 units. |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| • | Navistar revenues are expected to be between $10.1 billion and $10.4 billion. |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | The company’s adjusted EBITDA is expected to be between $775 million and $825 million. |

|         |                                                                    |
|---------|--------------------------------------------------------------------|
| • | Year-end manufacturing cash is expected to be above $1.25 billion. |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          | (Unaudited) |
|                                                          | Three Months Ended July 31, |   | Nine Months Ended July 31, |
| (in millions, except per share data)                          | 2018 |   | 2017 |   | 2018 |   | 2017 |
| Sales and revenues, net                                       | $ | 2,606 |  |   | $ | 2,213 |  |   | $ | 6,933 |  |   | $ | 5,972 |  |
| Segment Results:                                              |   |   |   |   |  |   |   |
| Truck                                                         | $ | 165 |  |   | $ | 7 |  |   | $ | 200 |  |   | $ | (118 | ) |
| Parts                                                         | 144 |  |   | 157 |  |   | 413 |  |   | 459 |  |
| Global Operations                                             | 4 |  |   | 3 |  |   | (2 | ) |   | (8 | ) |
| Financial Services                                            | 23 |  |   | 23 |  |   | 62 |  |   | 51 |  |
| Income (loss) from continuing operations, net of tax(A)       | $ | 170 |  |   | $ | 36 |  |   | $ | 152 |  |   | $ | (106 | ) |
| Net income (loss)(A)                                          | 170 |  |   | 37 |  |   | 152 |  |   | (105 | ) |
| Diluted income (loss) per share from continuing operations(A) | $ | 1.71 |  |   | $ | 0.37 |  |   | $ | 1.53 |  |   | $ | (1.16 | ) |
| Diluted income (loss) per share(A)                            | 1.71 |  |   | 0.38 |  |   | 1.53 |  |   | (1.15 | ) |

----

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                            | Three Months Ended July 31, |   | Nine Months Ended July 31, |
| (in millions, except per share data)                                            | 2018 |   | 2017 |   | 2018 |   | 2017 |
| Sales and revenues                                                              |   |   |   |   |   |   |   |
| Sales of manufactured products, net                                             | $ | 2,566 |  |   | $ | 2,178 |  |   | $ | 6,815 |  |   | $ | 5,870 |  |
| Finance revenues                                                                | 40 |  |   | 35 |  |   | 118 |  |   | 102 |  |
| Sales and revenues, net                                                         | 2,606 |  |   | 2,213 |  |   | 6,933 |  |   | 5,972 |  |
| Costs and expenses                                                              |   |   |   |   |   |   |   |
| Costs of products sold                                                          | 2,096 |  |   | 1,803 |  |   | 5,615 |  |   | 4,949 |  |
| Restructuring charges                                                           | 1 |  |   | (13 | ) |   | (1 | ) |   | (4 | ) |
| Asset impairment charges                                                        | 8 |  |   | 6 |  |   | 11 |  |   | 13 |  |
| Selling, general and administrative expenses                                    | 244 |  |   | 233 |  |   | 686 |  |   | 654 |  |
| Engineering and product development costs                                       | 72 |  |   | 61 |  |   | 222 |  |   | 189 |  |
| Interest expense                                                                | 82 |  |   | 91 |  |   | 240 |  |   | 262 |  |
| Other income, net                                                               | (77 | ) |   | (8 | ) |   | (37 | ) |   | (7 | ) |
| Total costs and expenses                                                        | 2,426 |  |   | 2,173 |  |   | 6,736 |  |   | 6,056 |  |
| Equity in income of non-consolidated affiliates                                 | — |  |   | 1 |  |   | — |  |   | 6 |  |
| Income (loss) from continuing operations before income taxes                    | 180 |  |   | 41 |  |   | 197 |  |   | (78 | ) |
| Income tax expense                                                              | (3 | ) |   | — |  |   | (25 | ) |   | (10 | ) |
| Income (loss) from continuing operations                                        | 177 |  |   | 41 |  |   | 172 |  |   | (88 | ) |
| Income from discontinued operations, net of tax                                 | — |  |   | 1 |  |   | — |  |   | 1 |  |
| Net income (loss)                                                               | 177 |  |   | 42 |  |   | 172 |  |   | (87 | ) |
| Less: Net income attributable to non-controlling interests                      | 7 |  |   | 5 |  |   | 20 |  |   | 18 |  |
| Net income (loss) attributable to Navistar International Corporation            | $ | 170 |  |   | $ | 37 |  |   | $ | 152 |  |   | $ | (105 | ) |
|                                                                            |   |   |   |   |   |   |   |
| Amounts attributable to Navistar International Corporation common shareholders: |   |   |   |   |   |   |
| Income (loss) from continuing operations, net of tax                            | $ | 170 |  |   | $ | 36 |  |   | $ | 152 |  |   | $ | (106 | ) |
| Income from discontinued operations, net of tax                                 | — |  |   | 1 |  |   | — |  |   | 1 |  |
| Net income (loss)                                                               | $ | 170 |  |   | $ | 37 |  |   | $ | 152 |  |   | $ | (105 | ) |
|                                                                            |   |   |   |   |   |   |   |
| Income (loss) per share:                                                        |   |   |   |   |   |   |   |
| Basic:                                                                          |   |   |   |   |   |   |   |
| Continuing operations                                                           | $ | 1.72 |  |   | $ | 0.37 |  |   | $ | 1.54 |  |   | $ | (1.16 | ) |
| Discontinued operations                                                         | — |  |   | 0.01 |  |   | — |  |   | 0.01 |  |
|                                                                            | $ | 1.72 |  |   | $ | 0.38 |  |   | $ | 1.54 |  |   | $ | (1.15 | ) |
|                                                                            |   |   |   |   |   |   |   |
| Diluted:                                                                        |   |   |   |   |   |   |   |
| Continuing operations                                                           | $ | 1.71 |  |   | $ | 0.37 |  |   | $ | 1.53 |  |   | $ | (1.16 | ) |
| Discontinued operations                                                         | — |  |   | 0.01 |  |   | — |  |   | 0.01 |  |
|                                                                            | $ | 1.71 |  |   | $ | 0.38 |  |   | $ | 1.53 |  |   | $ | (1.15 | ) |
|                                                                            |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                            |   |   |   |   |   |   |   |
| Basic                                                                           | 99.0 |  |   | 98.3 |  |   | 98.8 |  |   | 91.1 |  |
| Diluted                                                                         | 99.7 |  |   | 98.6 |  |   | 99.6 |  |   | 91.1 |  |

----

|                                                                                                              |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                              |  |  |  |  |  |  |  |
|                                                                                                         | July 31, |   | October 31, |
| (in millions, except per share data)                                                                         | 2018 |   | 2017 |
| ASSETS                                                                                                       | (Unaudited) |   |   |
| Current assets                                                                                               |   |   |   |
| Cash and cash equivalents                                                                                    | $ | 1,022 |  |   | $ | 706 |  |
| Restricted cash and cash equivalents                                                                         | 148 |  |   | 83 |  |
| Marketable securities                                                                                        | 95 |  |   | 370 |  |
| Trade and other receivables, net                                                                             | 403 |  |   | 391 |  |
| Finance receivables, net                                                                                     | 1,638 |  |   | 1,565 |  |
| Inventories, net                                                                                             | 1,400 |  |   | 857 |  |
| Other current assets                                                                                         | 199 |  |   | 188 |  |
| Total current assets                                                                                         | 4,905 |  |   | 4,160 |  |
| Restricted cash                                                                                              | 52 |  |   | 51 |  |
| Trade and other receivables, net                                                                             | 49 |  |   | 13 |  |
| Finance receivables, net                                                                                     | 259 |  |   | 220 |  |
| Investments in non-consolidated affiliates                                                                   | 53 |  |   | 56 |  |
| Property and equipment (net of accumulated depreciation and amortization of $2,468 and $2,474, respectively) | 1,297 |  |   | 1,326 |  |
| Goodwill                                                                                                     | 38 |  |   | 38 |  |
| Intangible assets (net of accumulated amortization of $139 and $135, respectively)                           | 30 |  |   | 40 |  |
| Deferred taxes, net                                                                                          | 130 |  |   | 129 |  |
| Other noncurrent assets                                                                                      | 111 |  |   | 102 |  |
| Total assets                                                                                                 | $ | 6,924 |  |   | $ | 6,135 |  |
| LIABILITIES and STOCKHOLDERS’ DEFICIT                                                                  |   |   |   |
| Liabilities                                                                                                  |   |   |   |
| Current liabilities                                                                                          |   |   |   |
| Notes payable and current maturities of long-term debt                                                       | $ | 1,707 |  |   | $ | 1,169 |  |
| Accounts payable                                                                                             | 1,527 |  |   | 1,292 |  |
| Other current liabilities                                                                                    | 1,075 |  |   | 1,184 |  |
| Total current liabilities                                                                                    | 4,309 |  |   | 3,645 |  |
| Long-term debt                                                                                               | 3,893 |  |   | 3,889 |  |
| Postretirement benefits liabilities                                                                          | 2,378 |  |   | 2,497 |  |
| Other noncurrent liabilities                                                                                 | 678 |  |   | 678 |  |
| Total liabilities                                                                                            | 11,258 |  |   | 10,709 |  |
| Stockholders’ deficit                                                                                  |   |   |   |
| Series D convertible junior preference stock                                                            | 2 |  |   | 2 |  |
| Common stock, $0.10 par value per share (103.1 shares issued and 220 shares authorized at both dates)        | 10 |  |   | 10 |  |
| Additional paid-in capital                                                                                   | 2,731 |  |   | 2,733 |  |
| Accumulated deficit                                                                                          | (4,781 | ) |   | (4,933 | ) |
| Accumulated other comprehensive loss                                                                         | (2,138 | ) |   | (2,211 | ) |
| Common stock held in treasury, at cost (4.2 and 4.6 shares, respectively)                                    | (163 | ) |   | (179 | ) |
| Total stockholders’ deficit attributable to Navistar International Corporation                         | (4,339 | ) |   | (4,578 | ) |
| Stockholders’ equity attributable to non-controlling interests                                         | 5 |  |   | 4 |  |
| Total stockholders’ deficit                                                                            | (4,334 | ) |   | (4,574 | ) |
| Total liabilities and stockholders’ deficit                                                            | $ | 6,924 |  |   | $ | 6,135 |  |

----

|                                                                                          |
|------------------------------------------------------------------------------------------|
|                                                                                          |  |  |  |  |  |  |  |
|                                                                                     | Nine Months Ended July 31, |
| (in millions)                                                                            | 2018 |   | 2017 |
| Cash flows from operating activities                                                     |   |   |   |
| Net income (loss)                                                                        | $ | 172 |  |   | $ | (87 | ) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities:     |   |   |   |
| Depreciation and amortization                                                            | 107 |  |   | 113 |  |
| Depreciation of equipment leased to others                                               | 53 |  |   | 56 |  |
| Deferred taxes, including change in valuation allowance                                  | (3 | ) |   | (16 | ) |
| Asset impairment charges                                                                 | 11 |  |   | 13 |  |
| Gain on sales of investments and businesses, net                                         | — |  |   | (5 | ) |
| Amortization of debt issuance costs and discount                                         | 23 |  |   | 36 |  |
| Stock-based compensation                                                                 | 27 |  |   | 19 |  |
| Provision for doubtful accounts                                                          | 6 |  |   | 9 |  |
| Equity in income of non-consolidated affiliates, net of dividends                        | 4 |  |   | 1 |  |
| Write-off of debt issuance costs and discount                                            | 43 |  |   | 4 |  |
| Other non-cash operating activities                                                      | (17 | ) |   | (21 | ) |
| Changes in other assets and liabilities, exclusive of the effects of businesses disposed | (606 | ) |   | (290 | ) |
| Net cash used in operating activities                                                    | (180 | ) |   | (168 | ) |
| Cash flows from investing activities                                                     |   |   |   |
| Purchases of marketable securities                                                       | (214 | ) |   | (619 | ) |
| Sales of marketable securities                                                           | 460 |  |   | 586 |  |
| Maturities of marketable securities                                                      | 29 |  |   | 17 |  |
| Net change in restricted cash and cash equivalents                                       | (66 | ) |   | (25 | ) |
| Capital expenditures                                                                     | (79 | ) |   | (93 | ) |
| Purchases of equipment leased to others                                                  | (142 | ) |   | (96 | ) |
| Proceeds from sales of property and equipment                                            | 9 |  |   | 32 |  |
| Investments in non-consolidated affiliates                                               | — |  |   | (2 | ) |
| Proceeds from (payments for) sales of affiliates                                         | (3 | ) |   | 6 |  |
| Net cash used in investing activities                                                    | (6 | ) |   | (194 | ) |
| Cash flows from financing activities                                                     |   |   |   |
| Proceeds from issuance of securitized debt                                               | 32 |  |   | 278 |  |
| Principal payments on securitized debt                                                   | (50 | ) |   | (326 | ) |
| Net change in secured revolving credit facilities                                        | 64 |  |   | 119 |  |
| Proceeds from issuance of non-securitized debt                                           | 3,210 |  |   | 491 |  |
| Principal payments on non-securitized debt                                               | (2,669 | ) |   | (368 | ) |
| Net change in notes and debt outstanding under revolving credit facilities               | (52 | ) |   | 23 |  |
| Principal payments under financing arrangements and capital lease obligations            | — |  |   | (1 | ) |
| Debt issuance costs                                                                      | (36 | ) |   | (22 | ) |
| Proceeds from financed lease obligations                                                 | 48 |  |   | 49 |  |
| Issuance of common stock                                                                 | — |  |   | 256 |  |
| Stock issuance costs                                                                     | — |  |   | (11 | ) |
| Proceeds from exercise of stock options                                                  | 7 |  |   | 4 |  |
| Dividends paid by subsidiaries to non-controlling interest                               | (19 | ) |   | (21 | ) |
| Other financing activities                                                               | (17 | ) |   | (3 | ) |
| Net cash provided by financing activities                                                | 518 |  |   | 468 |  |
| Effect of exchange rate changes on cash and cash equivalents                             | (16 | ) |   | 1 |  |
| Increase in cash and cash equivalents                                                    | 316 |  |   | 107 |  |
| Cash and cash equivalents at beginning of the period                                     | 706 |  |   | 804 |  |
| Cash and cash equivalents at end of the period                                           | $ | 1,022 |  |   | $ | 911 |  |

----

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)                                                            | Truck |   | Parts |   | Global Operations |   | FinancialServices(A) |   | CorporateandEliminations |   | Total |
| Three Months Ended July 31, 2018                                         |   |   |   |   |   |   |   |   |   |   |   |
| External sales and revenues, net                                         | $ | 1,894 |  |   | $ | 603 |  |   | $ | 68 |  |   | $ | 40 |  |   | $ | 1 |  |   | $ | 2,606 |  |
| Intersegment sales and revenues                                          | 22 |  |   | 2 |  |   | 21 |  |   | 25 |  |   | (70 | ) |   | — |  |
| Total sales and revenues, net                                            | $ | 1,916 |  |   | $ | 605 |  |   | $ | 89 |  |   | $ | 65 |  |   | $ | (69 | ) |   | $ | 2,606 |  |
| Income (loss) from continuing operations attributable to NIC, net of tax | $ | 165 |  |   | $ | 144 |  |   | $ | 4 |  |   | $ | 23 |  |   | $ | (166 | ) |   | $ | 170 |  |
| Income tax expense                                                       | — |  |   | — |  |   | — |  |   | — |  |   | (3 | ) |   | (3 | ) |
| Segment profit (loss)                                                    | $ | 165 |  |   | $ | 144 |  |   | $ | 4 |  |   | $ | 23 |  |   | $ | (163 | ) |   | $ | 173 |  |
| Depreciation and amortization                                            | $ | 31 |  |   | $ | 2 |  |   | $ | 3 |  |   | $ | 14 |  |   | $ | 1 |  |   | $ | 51 |  |
| Interest expense                                                         | — |  |   | — |  |   | — |  |   | 22 |  |   | 60 |  |   | 82 |  |
| Equity in income (loss) of non-consolidated affiliates                   | 1 |  |   | 1 |  |   | (2 | ) |   | — |  |   | — |  |   | — |  |
| Capital expenditures(B)                                                  | 19 |  |   | — |  |   | 1 |  |   | 1 |  |   | 5 |  |   | 26 |  |

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)                                                            | Truck |   | Parts |   | Global Operations |   | FinancialServices(A) |   | CorporateandEliminations |   | Total |
| Three Months Ended July 31, 2017                                         |   |   |   |   |   |   |   |   |   |   |   |
| External sales and revenues, net                                         | $ | 1,521 |  |   | $ | 580 |  |   | $ | 74 |  |   | $ | 35 |  |   | $ | 3 |  |   | $ | 2,213 |  |
| Intersegment sales and revenues                                          | 10 |  |   | 6 |  |   | 10 |  |   | 27 |  |   | (53 | ) |   | — |  |
| Total sales and revenues, net                                            | $ | 1,531 |  |   | $ | 586 |  |   | $ | 84 |  |   | $ | 62 |  |   | $ | (50 | ) |   | $ | 2,213 |  |
| Income (loss) from continuing operations attributable to NIC, net of tax | $ | 7 |  |   | $ | 157 |  |   | $ | 3 |  |   | $ | 23 |  |   | $ | (154 | ) |   | $ | 36 |  |
| Income tax expense                                                       | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Segment profit (loss)                                                    | $ | 7 |  |   | $ | 157 |  |   | $ | 3 |  |   | $ | 23 |  |   | $ | (154 | ) |   | $ | 36 |  |
| Depreciation and amortization                                            | $ | 35 |  |   | $ | 3 |  |   | $ | 3 |  |   | $ | 13 |  |   | $ | 3 |  |   | $ | 57 |  |
| Interest expense                                                         | — |  |   | — |  |   | — |  |   | 24 |  |   | 67 |  |   | 91 |  |
| Equity in income (loss) of non-consolidated affiliates                   | 1 |  |   | 1 |  |   | (1 | ) |   | — |  |   | — |  |   | 1 |  |
|        Capital expenditures(B)        | 21 |  |   | 1 |  |   | 2 |  |   | — |  |   | 3 |  |   | 27 |  |

----

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)                                                            | Truck |   | Parts |   | Global Operations |   | FinancialServices(A) |   | CorporateandEliminations |   | Total |
| Nine Months Ended July 31, 2018                                          |   |   |   |   |   |   |   |   |   |   |   |
| External sales and revenues, net                                         | $ | 4,810 |  |   | $ | 1,768 |  |   | $ | 229 |  |   | $ | 118 |  |   | $ | 8 |  |   | $ | 6,933 |  |
| Intersegment sales and revenues                                          | 61 |  |   | 6 |  |   | 38 |  |   | 69 |  |   | (174 | ) |   | — |  |
| Total sales and revenues, net                                            | $ | 4,871 |  |   | $ | 1,774 |  |   | $ | 267 |  |   | $ | 187 |  |   | $ | (166 | ) |   | $ | 6,933 |  |
| Income (loss) from continuing operations attributable to NIC, net of tax | $ | 200 |  |   | $ | 413 |  |   | $ | (2 | ) |   | $ | 62 |  |   | $ | (521 | ) |   | $ | 152 |  |
| Income tax expense                                                       | — |  |   | — |  |   | — |  |   | — |  |   | (25 | ) |   | (25 | ) |
| Segment profit (loss)                                                    | $ | 200 |  |   | $ | 413 |  |   | $ | (2 | ) |   | $ | 62 |  |   | $ | (496 | ) |   | $ | 177 |  |
| Depreciation and amortization                                            | $ | 100 |  |   | $ | 5 |  |   | $ | 8 |  |   | $ | 41 |  |   | $ | 6 |  |   | $ | 160 |  |
| Interest expense                                                         | — |  | — |  | — |  |   | — |  |   | 64 |  |   | 176 |  |   | 240 |  |
| Equity in income (loss) of non-consolidated affiliates                   | 2 |  |   | 2 |  |   | (4 | ) |   | — |  |   | — |  |   | — |  |
|        Capital expenditures(B)        | 74 |  |   | 1 |  |   | 2 |  |   | 1 |  |   | 1 |  |   | 79 |  |

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)                                                            | Truck |   | Parts |   | Global Operations |   | FinancialServices(A) |   | CorporateandEliminations |   | Total |
| Nine Months Ended July 31, 2017                                          |   |   |   |   |   |   |   |   |   |   |   |
| External sales and revenues, net                                         | $ | 3,929 |  |   | $ | 1,747 |  |   | $ | 186 |  |   | $ | 102 |  |   | $ | 8 |  |   | $ | 5,972 |  |
| Intersegment sales and revenues                                          | 27 |  |   | 19 |  |   | 18 |  |   | 70 |  |   | (134 | ) |   | — |  |
| Total sales and revenues, net                                            | $ | 3,956 |  |   | $ | 1,766 |  |   | $ | 204 |  |   | $ | 172 |  |   | $ | (126 | ) |   | $ | 5,972 |  |
| Income (loss) from continuing operations attributable to NIC, net of tax | $ | (118 | ) |   | $ | 459 |  |   | $ | (8 | ) |   | $ | 51 |  |   | $ | (490 | ) |   | $ | (106 | ) |
| Income tax expense                                                       | — |  |   | — |  |   | — |  |   | — |  |   | (10 | ) |   | (10 | ) |
| Segment profit (loss)                                                    | $ | (118 | ) |   | $ | 459 |  |   | $ | (8 | ) |   | $ | 51 |  |   | $ | (480 | ) |   | $ | (96 | ) |
| Depreciation and amortization                                            | $ | 103 |  |   | $ | 9 |  |   | $ | 10 |  |   | $ | 38 |  |   | $ | 9 |  |   | $ | 169 |  |
| Interest expense                                                         | — |  | — |  | — |  |   | — |  |   | 65 |  |   | 197 |  |   | 262 |  |
| Equity in income of non-consolidated affiliates                          | 3 |  |   | 3 |  |   | — |  |   | — |  |   | — |  |   | 6 |  |
|        Capital expenditures(B)        | 78 |  |   | 2 |  |   | 5 |  |   | 1 |  |   | 7 |  |   | 93 |  |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)          | Truck |   | Parts |   | Global Operations |   | FinancialServices |   | CorporateandEliminations |   | Total |
| Segment assets, as of: |   |   |   |   |   |   |   |   |   |   |   |
| July 31, 2018          | $ | 2,264 |  |   | $ | 645 |  |   | $ | 335 |  |   | $ | 2,407 |  |   | $ | 1,273 |  |   | $ | 6,924 |  |
| October 31, 2017       | 1,621 |  |   | 632 |  |   | 378 |  |   | 2,207 |  |   | 1,297 |  |   | 6,135 |  |

|     |                                                                                                                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A) | Total sales and revenues in the Financial Services segment include interest revenues of $46 million and $131 million for the three and nine months ended July 31, 2018, respectively, and $45 million and $121 million for the three and nine months ended July 31, 2017, respectively. |

|     |                                                       |
|-----|-------------------------------------------------------|
| (B) | Exclusive of purchases of equipment leased to others. |

----

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                     | Three Months Ended July 31, |   | Nine Months Ended July 31, |
| (in millions)                                                            | 2018 |   | 2017 |   | 2018 |   | 2017 |
| Income (loss) from continuing operations attributable to NIC, net of tax | $ | 170 |  |   | $ | 36 |  |   | $ | 152 |  |   | $ | (106 | ) |
| Plus:                                                                    |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                    | 51 |  |   | 57 |  |   | 160 |  |   | 169 |  |
| Manufacturing interest expense(A)                                        | 60 |  |   | 67 |  |   | 176 |  |   | 197 |  |
| Adjusted for:                                                            |   |   |   |   |   |   |   |
| Income tax expense                                                       | (3 | ) |   | — |  |   | (25 | ) |   | (10 | ) |
| EBITDA                                                                   | $ | 284 |  |   | $ | 160 |  |   | $ | 513 |  |   | $ | 270 |  |

|     |                                                                                                                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A) | Manufacturing interest expense is the net interest expense primarily generated for borrowings that support the manufacturing and corporate operations, adjusted to eliminate intercompany interest expense with our Financial Services segment. The following table reconciles Manufacturing interest expense to the consolidated interest expense: |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | Three Months Ended July 31, |   | Nine Months Ended July 31, |
| (in millions)                              | 2018 |   | 2017 |   | 2018 |   | 2017 |
| Interest expense                           | $ | 82 |  |   | $ | 91 |  |   | $ | 240 |  |   | $ | 262 |  |
| Less:  Financial services interest expense | 22 |  |   | 24 |  |   | 64 |  |   | 65 |  |
| Manufacturing interest expense             | $ | 60 |  |   | $ | 67 |  |   | $ | 176 |  |   | $ | 197 |  |

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|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | Three Months Ended July 31, |   | Nine Months Ended July 31, |
| (in millions)                                | 2018 |   | 2017 |   | 2018 |   | 2017 |
| EBITDA (reconciled above)                    | $ | 284 |  |   | $ | 160 |  |   | $ | 513 |  |   | $ | 270 |  |
| Adjusted for significant items of:           |   |   |   |   |   |   |   |
| Adjustments to pre-existing warranties(A)    | (4 | ) |   | 6 |  |   | (4 | ) |   | (4 | ) |
| Asset impairment charges(B)                  | 8 |  |   | 6 |  |   | 11 |  |   | 13 |  |
| Restructuring of manufacturing operations(C) | 1 |  |   | (3 | ) |   | (1 | ) |   | 6 |  |
| EGR product litigation(D)                    | — |  |   | 31 |  |   | 1 |  |   | 31 |  |
| Gain on sale(E)                              | — |  |   | (6 | ) |   | — |  |   | (6 | ) |
| Debt refinancing charges(F)                  | — |  |   | — |  |   | 46 |  |   | 4 |  |
| Pension settlement(G)                        | — |  |   | — |  |   | 9 |  |   | — |  |
| Settlement gain(H)                           | (71 | ) |   | — |  |   | (71 | ) |   | — |  |
| Total adjustments                            | (66 | ) |   | 34 |  |   | (9 | ) |   | 44 |  |
| Adjusted EBITDA                              | $ | 218 |  |   | $ | 194 |  |   | $ | 504 |  |   | $ | 314 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A) | Adjustments to pre-existing warranties reflect changes in our estimate of warranty costs for products sold in prior periods. Such adjustments typically occur when claims experience deviates from historic and expected trends. Our warranty liability is generally affected by component failure rates, repair costs, and the timing of failures. Future events and circumstances related to these factors could materially change our estimates and require adjustments to our liability. In addition, new product launches require a greater use of judgment in developing estimates until historical experience becomes available. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (B) | In the third quarter and first nine months of 2018, we recorded $8 million and $11 million, respectively, of impairment charges related to the sale of our railcar business in Cherokee, Alabama, certain long-lived assets and certain assets under operating leases in our Truck and Financial Services segments. In the third quarter and first nine months of 2017, we recorded $6 million and $13 million, respectively, of asset impairment charges relating to assets held for the sale of our Conway, Arkansas fabrication business and for certain assets under operating leases in our Truck segment. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (C) | In the third quarter and first nine months of 2018, we recorded a charge of $1 million and a benefit of $1 million, respectively, related to adjustments for restructuring in our Truck, Global Operations and Corporate segments. In the third quarter and first nine months of 2017, we recorded a benefit of $3 million and a charge of $6 million for restructuring in our Truck segment. In the third quarter of 2017, we recorded $41 million of charges related to our plan to cease production at our Melrose Park Facility, a net benefit of $43 million related to the resolution of the closing agreement for our Chatham, Ontario plant, and the release of $1 million in OPEB liabilities in connection with the sale of our fabrication business in Conway, Arkansas. The first nine months of 2017 were also impacted by $7 million of restructuring charges related to the closure of the Chatham, Ontario plant and $2 million of restructuring charges in our Truck and Corporate segments. |

|     |                                                                                                                                                                                                                                                                                                                                                            |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (D) | In the first nine months of 2018, we recognized an additional charge of $1 million for a jury verdict related to the Maxxforce engine EGR product litigation in our Truck segment. In the first nine months of 2017, we recognized a charge of $31 million for a jury verdict related to the Maxxforce engine EGR product litigation in our Truck segment. |

|     |                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------|
| (E) | In the third quarter of 2017, we recognized a gain of $6 million related to the sale of a business line in our Parts segment. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (F) | In the first nine months of 2018, we recorded a charge of $46 million for the write off of debt issuance costs and discounts associated with the repurchase of our 8.25% Senior Notes and the refinancing of our previously existing Term Loan. In the first nine months of 2017, we recorded a charge of $4 million related to third party fees and debt issuance costs associated with the repricing of our previously existing Term Loan. |

|     |                                                                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (G) | In the first quarter of 2018, we purchased a group annuity contract for certain retired pension plan participants resulting in a plan remeasurement. As a result, we recorded a pension settlement accounting charge of $9 million in SG&A expenses. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (H) | In the third quarter of 2018, we settled a business economic loss claim relating to our Alabama engine manufacturing facility in which we will receive a net present value of $70 million, net of our fees and costs, from the Deepwater Horizon Settlement Program. We recorded the $70 million net present value of the settlement and related interest income of $1 million in Other Income, net. |

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|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |  |  |  |
|                                                    | As of July 31, 2018 |
| (in millions)                                           | Manufacturing Operations |   | Financial Services Operations |   | Consolidated Balance Sheet |
| Assets                                                  |   |   |   |   |   |
| Cash and cash equivalents                               | $ | 989 |  |   | $ | 33 |  |   | $ | 1,022 |  |
| Marketable securities                                   | 95 |  |   | — |  |   | 95 |  |
| Total cash, cash equivalents, and marketable securities | $ | 1,084 |  |   | $ | 33 |  |   | $ | 1,117 |  |