|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                            | For the Three Months Ended April 30, 2016 |
| (in millions)                                                                   | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                  | $ | 2,164 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,164 |  |
| Finance revenues                                                                | — |  |   | 58 |  |   | (25 | ) |   | 33 |  |
| Sales and revenues, net                                                         | 2,164 |  |   | 58 |  |   | (25 | ) |   | 2,197 |  |
| Costs of products sold                                                          | 1,845 |  |   | — |  |   | — |  |   | 1,845 |  |
| Restructuring charges                                                           | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Asset impairment charges                                                        | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Selling, general and administrative expenses                                    | 181 |  |   | 21 |  |   | — |  |   | 202 |  |
| Engineering and product development costs                                       | 61 |  |   | — |  |   | — |  |   | 61 |  |
| Interest expense                                                                | 64 |  |   | 19 |  |   | (2 | ) |   | 81 |  |
| Other (income) expense, net                                                     | 5 |  |   | (7 | ) |   | (23 | ) |   | (25 | ) |
| Total costs and expenses                                                        | 2,162 |  |   | 33 |  |   | (25 | ) |   | 2,170 |  |
| Equity in income of non-consolidated affiliates                                 | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Income before equity income from financial services operations and income taxes | 4 |  |   | 25 |  |   | — |  |   | 29 |  |
| Equity income (loss) from financial services operations                         | 16 |  |   | — |  |   | (16 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                    | 20 |  |   | 25 |  |   | (16 | ) |   | 29 |  |
| Income tax expense                                                              | (7 | ) |   | (9 | ) |   | — |  |   | (16 | ) |
| Income (loss) from continuing operations                                        | 13 |  |   | 16 |  |   | (16 | ) |   | 13 |  |
| Income (loss) from discontinued operations, net of tax                          | — |  |   | — |  |   | — |  |   | — |  |
| Net income (loss)                                                               | 13 |  |   | 16 |  |   | (16 | ) |   | 13 |  |
| Less: Income attributable to non-controlling interests                          | 9 |  |   | — |  |   | — |  |   | 9 |  |
| Net income (loss) attributable to Navistar International Corporation            | $ | 4 |  |   | $ | 16 |  |   | $ | (16 | ) |   | $ | 4 |  |

----

|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                   | For the Six Months Ended April 30, 2016 |
| (in millions)                                                                          | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                         | $ | 3,894 |  |   | $ | — |  |   | $ | — |  |   | $ | 3,894 |  |
| Finance revenues                                                                       | — |  |   | 117 |  |   | (49 | ) |   | 68 |  |
| Sales and revenues, net                                                                | 3,894 |  |   | 117 |  |   | (49 | ) |   | 3,962 |  |
| Costs of products sold                                                                 | 3,311 |  |   | — |  |   | — |  |   | 3,311 |  |
| Restructuring charges                                                                  | 6 |  |   | — |  |   | — |  |   | 6 |  |
| Asset impairment charges                                                               | 5 |  |   | — |  |   | — |  |   | 5 |  |
| Selling, general and administrative expenses                                           | 366 |  |   | 42 |  |   | (1 | ) |   | 407 |  |
| Engineering and product development costs                                              | 119 |  |   | — |  |   | — |  |   | 119 |  |
| Interest expense                                                                       | 128 |  |   | 38 |  |   | (4 | ) |   | 162 |  |
| Other (income) expense, net                                                            | 11 |  |   | (14 | ) |   | (44 | ) |   | (47 | ) |
| Total costs and expenses                                                               | 3,946 |  |   | 66 |  |   | (49 | ) |   | 3,963 |  |
| Equity in income of non-consolidated affiliates                                        | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Income (loss) before equity income from financial services operations and income taxes | (51 | ) |   | 51 |  |   | — |  |   | — |  |
| Equity income (loss) from financial services operations                                | 31 |  |   | — |  |   | (31 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                           | (20 | ) |   | 51 |  |   | (31 | ) |   | — |  |
| Income tax benefit (expense)                                                           | 9 |  |   | (20 | ) |   | — |  |   | (11 | ) |
| Income (loss) from continuing operations                                               | (11 | ) |   | 31 |  |   | (31 | ) |   | (11 | ) |
| Income (loss) from discontinued operations, net of tax                                 | — |  |   | — |  |   | — |  |   | — |  |
| Net income (loss)                                                                      | (11 | ) |   | 31 |  |   | (31 | ) |   | (11 | ) |
| Less: Income attributable to non-controlling interests                                 | 18 |  |   | — |  |   | — |  |   | 18 |  |
| Net income (loss) attributable to Navistar International Corporation                   | $ | (29 | ) |   | $ | 31 |  |   | $ | (31 | ) |   | $ | (29 | ) |

----

|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                   | For the Three Months Ended April 30, 2015 |
| (in millions)                                                                          | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                         | $ | 2,658 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,658 |  |
| Finance revenues                                                                       | — |  |   | 60 |  |   | (25 | ) |   | 35 |  |
| Sales and revenues, net                                                                | 2,658 |  |   | 60 |  |   | (25 | ) |   | 2,693 |  |
| Costs of products sold                                                                 | 2,360 |  |   | — |  |   | — |  |   | 2,360 |  |
| Restructuring charges                                                                  | 6 |  |   | — |  |   | — |  |   | 6 |  |
| Asset impairment charges                                                               | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Selling, general and administrative expenses                                           | 220 |  |   | 24 |  |   | (1 | ) |   | 243 |  |
| Engineering and product development costs                                              | 76 |  |   | — |  |   | — |  |   | 76 |  |
| Interest expense                                                                       | 60 |  |   | 18 |  |   | (3 | ) |   | 75 |  |
| Other income, net                                                                      | (3 | ) |   | (4 | ) |   | (21 | ) |   | (28 | ) |
| Total costs and expenses                                                               | 2,720 |  |   | 38 |  |   | (25 | ) |   | 2,733 |  |
| Equity in income of non-consolidated affiliates                                        | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Income (loss) before equity income from financial services operations and income taxes | (61 | ) |   | 22 |  |   | — |  |   | (39 | ) |
| Equity income (loss) from financial services operations                                | 15 |  |   | — |  |   | (15 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                           | (46 | ) |   | 22 |  |   | (15 | ) |   | (39 | ) |
| Income tax expense                                                                     | (11 | ) |   | (7 | ) |   | — |  |   | (18 | ) |
| Income (loss) from continuing operations                                               | (57 | ) |   | 15 |  |   | (15 | ) |   | (57 | ) |
| Income (loss) from discontinued operations, net of tax                                 | — |  |   | — |  |   | — |  |   | — |  |
| Net income (loss)                                                                      | (57 | ) |   | 15 |  |   | (15 | ) |   | (57 | ) |
| Less: Income attributable to non-controlling interests                                 | 7 |  |   | — |  |   | — |  |   | 7 |  |
| Net income (loss) attributable to Navistar International Corporation                   | $ | (64 | ) |   | $ | 15 |  |   | $ | (15 | ) |   | $ | (64 | ) |

----

|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                   | For the Six Months Ended April 30, 2015 |
| (in millions)                                                                          | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Statement of Operations |
| Sales of manufactured products                                                         | $ | 5,043 |  |   | $ | — |  |   | $ | — |  |   | $ | 5,043 |  |
| Finance revenues                                                                       | — |  |   | 120 |  |   | (49 | ) |   | 71 |  |
| Sales and revenues, net                                                                | 5,043 |  |   | 120 |  |   | (49 | ) |   | 5,114 |  |
| Costs of products sold                                                                 | 4,405 |  |   | — |  |   | — |  |   | 4,405 |  |
| Restructuring charges                                                                  | 9 |  |   | — |  |   | — |  |   | 9 |  |
| Asset impairment charges                                                               | 8 |  |   | — |  |   | — |  |   | 8 |  |
| Selling, general and administrative expenses                                           | 439 |  |   | 47 |  |   | (2 | ) |   | 484 |  |
| Engineering and product development costs                                              | 155 |  |   | — |  |   | — |  |   | 155 |  |
| Interest expense                                                                       | 120 |  |   | 38 |  |   | (6 | ) |   | 152 |  |
| Other (income) expense, net                                                            | 21 |  |   | (11 | ) |   | (41 | ) |   | (31 | ) |
| Total costs and expenses                                                               | 5,157 |  |   | 74 |  |   | (49 | ) |   | 5,182 |  |
| Equity in income of non-consolidated affiliates                                        | 3 |  |   | — |  |   | — |  |   | 3 |  |
| Income (loss) before equity income from financial services operations and income taxes | (111 | ) |   | 46 |  |   | — |  |   | (65 | ) |
| Equity income (loss) from financial services operations                                | 30 |  |   | — |  |   | (30 | ) |   | — |  |
| Income (loss) from continuing operations before income taxes                           | (81 | ) |   | 46 |  |   | (30 | ) |   | (65 | ) |
| Income tax expense                                                                     | (9 | ) |   | (16 | ) |   | — |  |   | (25 | ) |
| Income (loss) from continuing operations                                               | (90 | ) |   | 30 |  |   | (30 | ) |   | (90 | ) |
| Income (loss) from discontinued operations, net of tax                                 | — |  |   | — |  |   | — |  |   | — |  |
| Net income (loss)                                                                      | (90 | ) |   | 30 |  |   | (30 | ) |   | (90 | ) |
| Less: Income attributable to non-controlling interests                                 | 16 |  |   | — |  |   | — |  |   | 16 |  |
| Net income (loss) attributable to Navistar International Corporation                   | $ | (106 | ) |   | $ | 30 |  |   | $ | (30 | ) |   | $ | (106 | ) |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                | As of April 30, 2016 |
| (in millions)                                                       | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Balance Sheet |
| Assets                                                              |   |   |   |   |   |   |   |
| Cash and cash equivalents                                           | $ | 527 |  |   | $ | 62 |  |   | $ | — |  |   | $ | 589 |  |
| Marketable securities                                               | 205 |  |   | 23 |  |   | — |  |   | 228 |  |
| Restricted cash                                                     | 21 |  |   | 118 |  |   | — |  |   | 139 |  |
| Finance and other receivables, net                                  | 383 |  |   | 2,322 |  |   | (561 | ) |   | 2,144 |  |
| Inventories                                                         | 1,198 |  |   | 22 |  |   | — |  |   | 1,220 |  |
| Goodwill                                                            | 38 |  |   | — |  |   | — |  |   | 38 |  |
| Property and equipment, net                                         | 1,011 |  |   | 270 |  |   | — |  |   | 1,281 |  |
| Investments in and advances to financial services operations        | 634 |  |   | — |  |   | (634 | ) |   | — |  |
| Investments in non-consolidated affiliates                          | 66 |  |   | — |  |   | — |  |   | 66 |  |
| Deferred taxes, net                                                 | 157 |  |   | 7 |  |   | — |  |   | 164 |  |
| Other assets                                                        | 298 |  |   | 21 |  |   | — |  |   | 319 |  |
| Total assets                                                        | $ | 4,538 |  |   | $ | 2,845 |  |   | $ | (1,195 | ) |   | $ | 6,188 |  |
| Liabilities and stockholders' equity (deficit)                      |   |   |   |   |   |   |   |
| Accounts payable                                                    | $ | 1,675 |  |   | $ | 32 |  |   | $ | (561 | ) |   | $ | 1,146 |  |
| Debt                                                                | 3,151 |  |   | 2,074 |  |   | — |  |   | 5,225 |  |
| Postretirement benefits liabilities                                 | 3,037 |  |   | — |  |   | — |  |   | 3,037 |  |
| Other liabilities                                                   | 1,796 |  |   | 105 |  |   | — |  |   | 1,901 |  |
| Total liabilities                                                   | 9,659 |  |   | 2,211 |  |   | (561 | ) |   | 11,309 |  |
| Stockholders' equity attributable to non-controlling interest       | 7 |  |   | — |  |   | — |  |   | 7 |  |
| Stockholders' equity (deficit) attributable to controlling interest | (5,128 | ) |   | 634 |  |   | (634 | ) |   | (5,128 | ) |
| Total liabilities and stockholders' equity (deficit)                | $ | 4,538 |  |   | $ | 2,845 |  |   | $ | (1,195 | ) |   | $ | 6,188 |  |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                | As of October 31, 2015 |
| (in millions)                                                       | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Consolidated Balance Sheet |
| Assets                                                              |   |   |   |   |   |   |   |
| Cash and cash equivalents                                           | $ | 877 |  |   | $ | 35 |  |   | $ | — |  |   | $ | 912 |  |
| Marketable securities                                               | 136 |  |   | 23 |  |   | — |  |   | 159 |  |
| Restricted cash                                                     | 24 |  |   | 97 |  |   | — |  |   | 121 |  |
| Finance and other receivables, net                                  | 441 |  |   | 2,450 |  |   | (454 | ) |   | 2,437 |  |
| Inventories                                                         | 1,125 |  |   | 10 |  |   | — |  |   | 1,135 |  |
| Goodwill                                                            | 38 |  |   | — |  |   | — |  |   | 38 |  |
| Property and equipment, net                                         | 1,082 |  |   | 263 |  |   | — |  |   | 1,345 |  |
| Investments in and advances to financial services operations        | 637 |  |   | — |  |   | (637 | ) |   | — |  |
| Investments in non-consolidated affiliates                          | 66 |  |   | — |  |   | — |  |   | 66 |  |
| Deferred taxes, net                                                 | 157 |  |   | 7 |  |   | — |  |   | 164 |  |
| Other assets                                                        | 292 |  |   | 23 |  |   | — |  |   | 315 |  |
| Total assets                                                        | $ | 4,875 |  |   | $ | 2,908 |  |   | $ | (1,091 | ) |   | $ | 6,692 |  |
| Liabilities and stockholders' equity (deficit)                      |   |   |   |   |   |   |   |
| Accounts payable                                                    | $ | 1,707 |  |   | $ | 48 |  |   | $ | (454 | ) |   | $ | 1,301 |  |
| Debt                                                                | 3,198 |  |   | 2,100 |  |   | — |  |   | 5,298 |  |
| Postretirement benefits liabilities                                 | 3,088 |  |   | — |  |   | — |  |   | 3,088 |  |
| Other liabilities                                                   | 2,042 |  |   | 123 |  |   | — |  |   | 2,165 |  |
| Total liabilities                                                   | 10,035 |  |   | 2,271 |  |   | (454 | ) |   | 11,852 |  |
| Stockholders' equity attributable to non-controlling interest       | 7 |  |   | — |  |   | — |  |   | 7 |  |
| Stockholders' equity (deficit) attributable to controlling interest | (5,167 | ) |   | 637 |  |   | (637 | ) |   | (5,167 | ) |
| Total liabilities and stockholders' equity (deficit)                | $ | 4,875 |  |   | $ | 2,908 |  |   | $ | (1,091 | ) |   | $ | 6,692 |  |

----

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | For the Six Months Ended April 30, 2016 |
| (in millions)                                                                                  | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Condensed Consolidated Statement of Cash Flows |
| Cash flows from operating activities                                                           |   |   |   |   |   |   |   |
| Net income (loss)                                                                              | $ | (11 | ) |   | $ | 31 |  |   | $ | (31 | ) |   | $ | (11 | ) |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                  | 73 |  |   | 1 |  |   | — |  |   | 74 |  |
| Depreciation of equipment leased to others                                                     | 14 |  |   | 23 |  |   | — |  |   | 37 |  |
| Amortization of debt issuance costs and discount                                               | 12 |  |   | 5 |  |   | — |  |   | 17 |  |
| Deferred income taxes                                                                          | (3 | ) |   | — |  |   | — |  |   | (3 | ) |
| Asset impairment charges                                                                       | 5 |  |   | — |  |   | — |  |   | 5 |  |
| Loss on sales of investments and businesses, net                                               | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Equity in income of non-consolidated affiliates                                                | (1 | ) |   | — |  |   | — |  |   | (1 | ) |
| Equity in income of financial services affiliates                                              | (31 | ) |   | — |  |   | 31 |  |   | — |  |
| Dividends from financial services operations                                                   | 30 |  |   | — |  |   | (30 | ) |   | — |  |
| Dividends from non-consolidated affiliates                                                     | 1 |  |   | — |  |   | — |  |   | 1 |  |
| Change in intercompany receivables and payables                                                | 77 |  |   | (77 | ) |   | — |  |   | — |  |
| Other, net                                                                                     | (391 | ) |   | 166 |  |   | — |  |   | (225 | ) |
| Net cash provided by (used in) operating activities                                            | (223 | ) |   | 149 |  |   | (30 | ) |   | (104 | ) |
| Cash flows from investing activities                                                           |   |   |   |   |   |   |   |
| Purchases of marketable securities                                                             | (283 | ) |   | — |  |   | — |  |   | (283 | ) |
| Sales of marketable securities                                                                 | 177 |  |   | — |  |   | — |  |   | 177 |  |
| Maturities of marketable securities                                                            | 37 |  |   | — |  |   | — |  |   | 37 |  |
| Net change in restricted cash and cash equivalents                                             | 2 |  |   | (21 | ) |   | — |  |   | (19 | ) |
| Capital expenditures                                                                           | (53 | ) |   | — |  |   | — |  |   | (53 | ) |
| Purchase of equipment leased to others                                                         | (1 | ) |   | (77 | ) |   | — |  |   | (78 | ) |
| Other investing activities                                                                     | 35 |  |   | 18 |  |   | — |  |   | 53 |  |
| Net cash used in investing activities                                                          | (86 | ) |   | (80 | ) |   | — |  |   | (166 | ) |
| Net cash provided by (used in) financing activities                                            | (54 | ) |   | (47 | ) |   | 30 |  |   | (71 | ) |
| Effect of exchange rate changes on cash and cash equivalents                                   | 13 |  |   | 5 |  |   | — |  |   | 18 |  |
| Increase (decrease) in cash and cash equivalents                                               | (350 | ) |   | 27 |  |   | — |  |   | (323 | ) |
| Cash and cash equivalents at beginning of the period                                           | 877 |  |   | 35 |  |   | — |  |   | 912 |  |
| Cash and cash equivalents at end of the period                                                 | $ | 527 |  |   | $ | 62 |  |   | $ | — |  |   | $ | 589 |  |

----

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | For the Six Months Ended April 30, 2015 |
| (in millions)                                                                                  | Manufacturing Operations |   | Financial Services Operations |   | Adjustments |   | Condensed Consolidated Statement of Cash Flows |
| Cash flows from operating activities                                                           |   |   |   |   |   |   |   |
| Net income (loss)                                                                              | $ | (90 | ) |   | $ | 30 |  |   | $ | (30 | ) |   | $ | (90 | ) |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                  | 117 |  |   | 1 |  |   | — |  |   | 118 |  |
| Depreciation of equipment leased to others                                                     | 12 |  |   | 23 |  |   | — |  |   | 35 |  |
| Amortization of debt issuance costs and discount                                               | 12 |  |   | 7 |  |   | — |  |   | 19 |  |
| Deferred income taxes                                                                          | (7 | ) |   | — |  |   | — |  |   | (7 | ) |
| Asset impairment charges                                                                       | 4 |  |   | 4 |  |   | — |  |   | 8 |  |
| Equity in income of non-consolidated affiliates                                                | (3 | ) |   | — |  |   | — |  |   | (3 | ) |
| Equity in income of financial services operations                                              | (30 | ) |   | — |  |   | 30 |  |   | — |  |
| Dividends from financial services operations                                                   | 125 |  |   | — |  |   | (125 | ) |   | — |  |
| Dividends from non-consolidated affiliates                                                     | 8 |  |   | — |  |   | — |  |   | 8 |  |
| Change in intercompany receivables and payables                                                | (51 | ) |   | 51 |  |   | — |  |   | — |  |
| Other, net                                                                                     | (129 | ) |   | (196 | ) |   | — |  |   | (325 | ) |
| Net cash used in operating activities                                                          | (32 | ) |   | (80 | ) |   | (125 | ) |   | (237 | ) |
| Cash flows from investing activities                                                           |   |   |   |   |   |   |   |
| Purchases of marketable securities                                                             | (162 | ) |   | — |  |   | — |  |   | (162 | ) |
| Sales of marketable securities                                                                 | 430 |  |   | 1 |  |   | — |  |   | 431 |  |
| Maturities of marketable securities                                                            | 63 |  |   | — |  |   | — |  |   | 63 |  |
| Net change in restricted cash and cash equivalents                                             | (1 | ) |   | 54 |  |   | — |  |   | 53 |  |
| Capital expenditures                                                                           | (43 | ) |   | (2 | ) |   | — |  |   | (45 | ) |
| Purchase of equipment leased to others                                                         | — |  |   | (20 | ) |   | — |  |   | (20 | ) |
| Other investing activities                                                                     | 8 |  |   | 4 |  |   | — |  |   | 12 |  |
| Net cash provided by investing activities                                                      | 295 |  |   | 37 |  |   | — |  |   | 332 |  |
| Net cash provided by (used in) financing activities                                            | (132 | ) |   | 24 |  |   | 125 |  |   | 17 |  |
| Effect of exchange rate changes on cash and cash equivalents                                   | (35 | ) |   | 9 |  |   | — |  |   | (26 | ) |
| Increase (decrease) in cash and cash equivalents                                               | 96 |  |   | (10 | ) |   | — |  |   | 86 |  |
| Cash and cash equivalents at beginning of the period                                           | 440 |  |   | 57 |  |   | — |  |   | 497 |  |
| Cash and cash equivalents at end of the period                                                 | $ | 536 |  |   | $ | 47 |  |   | $ | — |  |   | $ | 583 |  |