Exhibit 21
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ---------------- ---------------
A. M. Exports Limited United Kingdom None
*Amity Technology L.L.C. Minnesota None
Austoft Holdings Limited Australia None
Austoft Inc. Florida None
Austoft Industries Limited Australia None
Brahma Steyr Tractors Limited India None
Brascor Corretora de Seguros, Brazil None
Participacoes e Servicos S.A.
Brastoft Maquinas E Systemas Brazil None
Agro-Industriais S.A.
C.W., Inc. North Dakota None
Case (Barbados) FSC, Ltd. Barbados None
Case Belgium N.V. Belgium None
Case Beteiligungsverwaltung GmbH Austria None
Case Bodenverdichtungsgerate Germany None
Verwaltungs GmbH
Case bor-mor Holdings, Inc. Minnesota None
Case Brasil & Cia Brazil None
Case Brazil Holdings, Inc. Delaware None
Case Canada Corporation Ontario Case Canada,
Case Power &
Equipment
Case Canada Equipment Corporation Delaware None
1
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ---------------- ---------------
Case Canada Investments, Ltd. Alberta None
Case Canada Receivables, Inc. Alberta None
Case CDC Holdings, Inc. Delaware None
Case Corporation Pty. Ltd. Australia None
Case Credit Australia Investments Australia None
Pty. Ltd.
Case Credit Australia Pty., Ltd. Australia None
Case Credit Corporation Delaware None
Case Credit Europe S.A.S. France (50% ownership) None
Case Credit Global Investments Ltd. Bermuda None
Case Credit Holdings Limited Delaware None
Case Credit Insurance Agency Inc. Delaware None
Case Credit Limited United Kingdom None
Case Credit Ltd. Alberta None
Case Credit Wholesale Pty. Limited Australia None
Case Credits Limited United Kingdom None
Case Currency Management, Inc. Delaware None
Case Equipment Baumaschinen GmbH Germany None
Case Equipment Holdings Limited Delaware None
Case Equipment International Delaware None
Corporation
Case Equipment International Delaware None
Marketing, Inc.
Case Europe S.A.R.L. France None
2
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ---------------- ---------------
Case France S.A. France None
Case Germany GmbH Germany None
Case India Limited Delaware None
Case International Marketing, Inc. Delaware None
Case Irrigation Company Delaware None
Case Italy SpA Italy None
Case Leasing Asset Securitization Inc. Delaware None
Case Licensing/Lending Company Delaware None
Case Melbourne Pty. Ltd. Australia None
Case Mexico, S.A. Mexico None
Case Poclain GmbH & Co. KG. German General None
Partnership
Case Receivables II Inc. Delaware None
Case Receivables, Inc. Delaware None
Case Spain S.A. Spain None
Case Sprayers Limited United Kingdom None
Case Steyr Landmaschinentechnik AG Austria None
Case United Kingdom Limited United Kingdom None
Case Wholesale Receivables, Inc. Delaware None
Case-Poclain Limited United Kingdom None
Concord, Inc. North Dakota None
Consolidated Diesel Company North Carolina General None
Partnership
3
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ------------ --------
Consolidated Diesel of North North Carolina None
Carolina, Inc.
Consolidated Diesel, Inc. Delaware None
David Brown Tractors (Belfast) Ltd. United Kingdom None
David Brown Tractors (Ireland) Ltd. Ireland None
David Brown Tractors (Retail) Ltd. United Kingdom None
David Brown Tractors Limited United Kingdom None
Farm One AgServices, Inc. Delaware None
Fermec Baumaschinen GmbH Germany None
Fermec Holdings Limited United Kingdom None
Fermec International Limited United Kingdom None
Fermec Manufacturing Limited United Kingdom None
Fermec North America Limited United Kingdom None
Fermec S.A. France None
Fermec Trustee Limited United Kingdom None
Fortschritt Erntemaschinen GmbH Germany None
Grand Detour Plow Company Wisconsin None
Hay & Forage Industries Kansas General None
Partnership
HFI Holdings, Inc. Delaware None
Highlyn Pty. Ltd. Australia None
International Harvester Company Delaware None
4
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ------------ --------
International Harvester Co.
of Belgium N.V. Belgium None
International Harvester Co. of
Great Britain Limited United Kingdom None
J. I. Case A/S Denmark None
J. I. Case Argentina, S.A. Argentina None
J. I. Case Company Limited United Kingdom None
J. I. Case Germany Holdings, Inc. Delaware None
J. I. Case International, S.A. Venezuela None
J. I. Case Leasing Corporation Wisconsin None
J. I. Case Property Company Delaware None
J. I. Case Threshing Machine Company Wisconsin None
Jaxborough Pty. Ltd. Australia None
Kase, S.A. De C.V. Mexico None
Kestrin Pty. Ltd. Australia None
Lake Hull Pty. Ltd. Australia None
Liuzhou Case Liugong Construction
Equipment Company Limited China None
Masstock (Zambia) Limited Zambia None
Megavolt L.P. Delaware Limited None
Partnership
Poclain do Brasil S.A. Brazil None
Poclain GmbH Germany None
5
SUBSIDIARIES OF CASE CORPORATION
As of December 31, 1997
STATE OR OTHER OTHER NAME(S)
JURISDICTION OF UNDER WHICH
INCORPORATION OR SUBSIDIARY DOES
NAME OF SUBSIDIARY ORGANIZATION BUSINESS
- ------------------ ------------ --------
Poclain Limited United Kingdom None
Poclain Services North America Inc. Delaware None
PPM do Brasil Ltda. Brazil None
Pryor Foundry, Inc. Oklahoma None
Receivables Credit Corporation Alberta None
Receivables Credit II Corporation Alberta None
Receivables Credit III Corporation Alberta None
Servicios Case Mexicana, S.A. de C.V. Mexico None
Steiger Credit Canada Ltd. Saskatchewan None
Steiger Credit Company North Dakota None
Steiger International, Ltd. Guam None
Steyr Traktoren Handels GmbH Germany None
Tractorwork, Limited United Kingdom None
Ukrainian Agricultural Development Co. Delaware None
Universaltrac Geteiligungs GmbH Germany None
UzCaseagroleasing Uzbekistan None
UzCaseMash Uzbekistan None
Versatile Credit Pty. Ltd. Australia None
Versatile Farm Equipment Pty. Ltd. Australia None
- ----------------------------------
* Indicates less than 10% equity ownership interest.
6