Caterpillar Reports Third-Quarter 2026 Results
Third Quarter ($ in billions except profit per share) 2026 2025 Sales and Revenues $20.7 $17.6 Profit Per Share $7.13 $4.88 Adjusted Profit Per Share $7.20 $4.95 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 12 and 13.
● Third-quarter 2026 sales and revenues increased 17% to $20.7 billion ● Third-quarter 2026 profit per share of $7.13; adjusted profit per share of $7.20 ● Deployed $2.0 billion of cash for share repurchases and dividends in the third quarter
IRVING, Texas, Oct. 29, 2026 – Caterpillar Inc. (NYSE: CAT) announced third- quarter 2026 results.
“Our third-quarter results reflect the durability of our end markets, with strong order rates and a record backlog,” said Caterpillar Chairman and CEO Joe Creed. “Our team continues to execute our strategic priorities in a dynamic environment, positioning us for a strong year while delivering long-term value for our customers and shareholders.”
Sales and revenues for the third quarter of 2026 were $20.7 billion, a 17% increase compared with $17.6 billion in the third quarter of 2025. The increase was primarily due to higher sales volume of $2.2 billion and favorable price realization of $663 million.
Operating profit margin was 20.4% for the third quarter of 2026, compared with 17.3% for the third quarter of 2025. Adjusted operating profit margin was 20.6% for the third quarter of 2026, compared with 17.5% for the third quarter of 2025. Third-quarter 2026 profit per share was $7.13, compared with third-quarter 2025 profit per share of $4.88. Adjusted profit per share in the third quarter of 2026 was $7.20, compared with third-quarter 2025 adjusted profit per share of $4.95. For the third quarter of 2026 and 2025, adjusted operating profit margin and adjusted profit per share excluded restructuring costs.
For the third quarter of 2026, enterprise operating cash flow was $4.4 billion, and the company ended the third quarter with $7.9 billion of enterprise cash. In the quarter, the company deployed $1.2 billion of cash for repurchases of Caterpillar common stock and $0.7 billion of cash for dividends. (more)
The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the third quarter of 2025 (at left) and the third quarter of 2026 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employees.
Total sales and revenues for the third quarter of 2026 were $20.682 billion, an increase of $3.044 billion, or 17%, compared with $17.638 billion in the third quarter of 2025. The increase was primarily due to higher sales volume of $2.2 billion and favorable price realization of $663 million. Higher sales volume was mainly driven by higher sales of equipment to end users.
The chart above graphically illustrates reasons for the change in consolidated operating profit between the third quarter of 2025 (at left) and the third quarter of 2026 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employe es. The bar titled Other includes consolidating adjustments and Machinery, Power & Energy’s other operating (income) expenses.
Operating profit for the third quarter of 2026 was $4.214 billion, an increase of $1.162 billion, or 38%, compared with $3.052 billion in the third quarter of 2025. The increase was primarily due to the profit impact of higher sales volume.
Operating profit in the third quarter of 2026 included $128 million of International Emergency Economic Power Act (IEEPA) tariff recoveries.
• Other income (expense) in the third quarter of 2026 was income of $135 million, compared with income of $208 million in the third quarter of 2025. The change was primarily driven by unfavorable impacts from total return swap contracts, partially offset by favorable impacts from commodity hedges.
• The effective tax rate for the third quarter of 2026 was 22.9% compared to 26.7% for the third quarter of 2025. Excluding the discrete items discussed below, the global estimated annual effective tax rate was 23.0% for the third quarter of 2026, compared with 24.0% for the third quarter of 2025.
A discrete tax benefit of $3 million was recorded in the third quarter of 2026, compared with a $10 million benefit in the third quarter of 2025, for the settlement of stock-based compensation awards with associated tax deductions in excess of cumulative U.S. GAAP compensation expense.
In the third quarter of 2025, the company also recorded a $54 million charge for an increase in the global estimated annual effective tax rate through the first six months and a discrete tax charge of $41 million to reflect changes in estimates related to prior years.
Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 12 and 13. (more)
Power & Energy’s total sales were $8.784 billion in the third quarter of 2026, an increase of $1.321 billion, or 18%, compared with $7.463 billion in the third quarter of 2025. The increase was primarily due to higher sales volume of $879 million and favorable price realization of $216 million.
• Power Generation – Sales increased mainly in turbines and turbine-related services and in large reciprocating engines, primarily in data center applications.
• Oil and Gas – Sales increased primarily in reciprocating engine aftermarket parts and in reciprocating engines used in gas compression applications. Sales also increased in turbines and turbine-related services.
Power & Energy’s segment profit was $2.143 billion in the third quarter of 2026, an increase of $510 million, or 31%, compared with $1.633 billion in the third quarter of 2025. The increase was mainly due to the profit impact of higher sales volume. (more)
Construction Industries’ total sales were $7.983 billion in the third quarter of 2026, an increase of $1.223 billion, or 18%, compared with $6.760 billion in the third quarter of 2025. The increase in sales was mainly due to higher sales volume of $874 million and favorable price realization of $349 million. Higher sales volume was primarily driven by higher sales of equipment to end users.
• In North America, sales increased due to higher sales volume and favorable price realization. Higher sales volume was mainly driven by higher sales of equipment to end users.
• Sales increased in Latin America mainly due to higher sales volume. Higher sales volume was primarily driven by the impact from changes in dealer inventories.
• In EAME, sales increased primarily due to favorable price realization and higher sales volume. Higher sales volume was mainly driven by higher sales of equipment to end users.
• Sales increased in Asia/Pacific due to higher sales volume, partially offset by unfavorable price realization and unfavorable currency impacts primarily related to the Japanese yen. Higher sales volume was mainly driven by the impact from changes in dealer inventories.
Construction Industries’ segment profit was $1.831 billion in the third quarter of 2026, an increase of $454 million, or 33%, compared with $1.377 billion in the third quarter of 2025. The increase was primarily due to the profit impact of higher sales volume of $356 million and favorable price realization of $349 million, partially offset by unfavorable manufacturing costs of $252 million. Unfavorable manufacturing costs included the impact of higher freight. (more)
Resource Industries’ total sales were $4.615 billion in the third quarter of 2026, an increase of $616 million, or 15%, compared with $3.999 billion in the third quarter of 2025. The increase was primarily due to higher sales volume of $478 million and favorable price realization of $96 million.
• Mining, Heavy Construction and Quarry & Aggregates – Sales increased primarily due to the impact from changes in dealer inventories.
• Rail – Sales decreased primarily due to lower international locomotive deliveries, partially offset by an increase in rail services.
Resource Industries’ segment profit was $622 million in the third quarter of 2026, an increase of $78 million, or 14%, compared with $544 million in the third quarter of 2025. The increase was mainly due to the profit impact of higher sales volume of $181 million and favorable price realization of $96 million, partially offset by unfavorable manufacturing costs of $208 million. Unfavorable manufacturing costs primarily reflected higher material costs, including tariffs. (more)
Financial Products’ segment revenues were $1.177 billion in the third quarter of 2026, an increase of $101 million, or 9%, compared with $1.076 billion in the third quarter of 2025. The increase was primarily due to a favorable impact from higher average earning assets of $125 million across all regions, partially offset by an unfavorable impact from lower average financing rates of $38 million across all regions except Asia/Pacific.
Financial Products’ segment profit was $264 million in the third quarter of 2026, an increase of $23 million, or 10%, compared with $241 million in the third quarter of 2025. The increase was mainly due to a favorable impact from higher average earning assets of $52 million, partially offset by higher provision for credit losses at Cat Financial of $34 million.
At the end of the third quarter of 2026, past dues at Cat Financial were 1.31%, compared with 1.47% at the end of the third quarter of 2025. Write-offs, net of recoveries, were $28 million for the third quarter of 2026 compared with $40 million for the third quarter of 2025. As of September 30, 2026, Cat Financial's allowance for credit losses totaled $332 million, or 0.91% of finance receivables, compared with $294 million, or 0.84% of finance receivables at June 30, 2026. The allowance for credit losses at year-end 2025 was $284 million, or 0.86% of finance receivables.
Expense for corporate items and eliminations was $453 million in the third quarter of 2026, a decrease of $131 million from the third quarter of 2025. This decrease was primarily due to a favorable change in fair value adjustments related to deferred compensation plans. (more)
Glossary of terms is included on the Caterpillar website at https://investors.caterpillar.com/overview/default.aspx
Sales of equipment to end users is demonstrated by the company’s Rolling 3 Month Retail Sales Statistics filed in a Form 8-K on Thursday, Oct. 29, 2026.
Information on non-GAAP financial measures is included in the appendix on pages 12 and 13.
Some amounts within this report are rounded to the millions or billions and may not add.
Caterpillar will conduct a teleconference and live webcast, with a slide presentation, beginning at 7:30 a.m. Central Time on Thursday, Oct. 29, 2026, to discuss its 2026 third-quarter results. The accompanying slides will be available before the webcast on the Caterpillar website at https://investors.caterpillar.com/events-presentations/default.aspx
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel- electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company’s primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers’ toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at caterpillar.com . Caterpillar’s latest financial results are also available online:
https://investors.caterpillar.com/overview/default.aspx https://investors.caterpillar.com/financials/quarterly-results/default.aspx (live broadcast/replays of quarterly conference call)
Caterpillar investor relations contact: Alex Kapper, +1 773-250-2227 or Kapper_Alex@cat.com
Caterpillar media contact: Tiffany Heikkila, +1 832-573-0958 or Tiffany.Heikkila@cat.com (more)
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.
Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers’ needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment’s risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii) currency fluctuations; (xix) our or Cat Financial’s compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti- corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; (xxvi) catastrophic events, including global pandemics such as the COVID-19 pandemic; and (xxvii) other factors described in more detail in Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission. (more)
The following definitions are provided for the non-GAAP financial measures. These non-GAAP financial measures have no standardized meaning prescribed by U.S. GAAP and therefore are unlikely to be comparable to the calculation of similar measures for other companies. Management does not intend these items to be considered in isolation or as a substitute for the related GAAP measures.
The company believes it is important to separately quantify the profit impact of one significant item in order for the company’s results to be meaningful to readers. This item consists of (i) restructuring costs. The company does not consider this item indicative of earnings from ongoing business activities and believes the non-GAAP measure provides investors with useful perspective on underlying business results and trends and aids with assessing the company’s period-over-period results. The company intends to discuss adjusted profit per share for the fourth quarter and full-year 2026, excluding mark-to-market gains or losses for remeasurement of pension and other postemployment benefit plans.
Reconciliations of adjusted results to the most directly comparable GAAP measure are as follows:
13 The company believes it is important to separately disclose the annual effective tax rate, excluding discrete items for the results to be meaningful to readers. The annual effective tax rate is discussed using non-GAAP financial measures that exclude the effects of amounts associated with discrete items recorded fully in the quarter they occur. For the three months ended September 30, 2026 and 2025, these items consist of (i) the settlement of stock-based compensation awards with associated tax deductions in excess of cumulative U.S. GAAP compensation expense, (ii) the increase in the annual effective tax rate in 2025 and (iii) the impact of changes in estimates related to prior years in 2025. The company believes the non-GAAP measures will provide investors with useful perspective on underlying business results and trends and aids with assessing the company's period-over-period results.
A reconciliation of the effective tax rate to annual effective tax rate, excluding discrete items is below:
Provision (Benefit) (Dollars Profit for in Before Income Effective millions) Taxes Taxes Tax Rate ────────────────────────────────────────────────────────────────────────────── Three Months Ended $ 4,220 968 22.9 % September 30, 2026 - U.S. GAAP Excess stock-bas… — 3 compensat… Annual effective tax rate, $ 4,220 $ 971 23.0 % excluding discrete items Excess stock-bas… — -3 compensat… Restructu… 41 9 costs Three Months Ended $ 4,261 $ 977 September 30, 2026 - Adjusted
Three Months Ended September 30, 2025 - $ 3,127 $ 836 26.7 % U.S. GAAP Increase in annual effective tax rate — -54 Changes in estimates related to prior — -41 years Excess stock-based compensation — 10 Annual effective tax rate, excluding $ 3,127 $ 751 24.0 % discrete items Increase in annual effective tax rate — 54 Changes in estimates related to prior — 41 years Excess stock-based compensation — -10 Restructuring costs 37 9 Three Months Ended September 30, 2025 - $ 3,164 $ 845 Adjusted
The company is providing supplemental consolidating data for the purpose of additional analysis. The data has been grouped as follows:
– The company defines MP&E as it is presented in the supplemental data as Caterpillar Inc. and its subsidiaries, excluding Financial Products. MP&E’s information relates to the design, manufacturing and marketing of its products.
– The company defines Financial Products as it is presented in the supplemental data as its finance and insurance subsidiaries, primarily Caterpillar Financial Services Corporation (Cat Financial) and Caterpillar Insurance Holdings Inc. (Insurance Services). Financial Products’ information relates to the financing to customers and dealers for the purchase and lease of Caterpillar and other equipment.
The nature of the MP&E and Financial Products businesses is different, especially with regard to the financial position and cash flow items. Caterpillar management utilizes this presentation internally to highlight these differences. The company believes this presentation will assist readers in understanding its business.
1 Profit attributable to common shareholders. 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.
September 30, December 31, 2026 2025 ────────────────────────────────────────────────────────────────────────────── Assets Current assets: Cash and cash equivalents $ 7,929 $ 9,980 Receivables – trade and other 13,440 10,920 Receivables – finance 11,051 10,649 Prepaid expenses and other current 3,200 2,801 assets Inventories 22,214 18,135 Total current assets 57,834 52,485 Property, plant and equipment – net 16,011 15,140 Long-term receivables – trade and 3,348 2,142 other Long-term receivables – finance 14,402 14,272 Noncurrent deferred and refundable 2,235 2,882 income taxes Intangible assets 409 241 Goodwill 5,905 5,321 Other assets 6,699 6,102 Total assets $ 106,843 $ 98,585 Liabilities Current liabilities: Short-term borrowings: -- Financial Products $ 4,855 $ 5,514 Accounts payable 10,573 8,968 Accrued expenses 6,038 5,587 Accrued wages, salaries and employee 2,663 2,554 benefits Customer advances 5,329 3,314 Dividends payable — 703 Other current liabilities 3,028 2,798 Long-term debt due within one year: -- Machinery, Power & Energy 36 35 -- Financial Products 8,144 7,085 Total current liabilities 40,666 36,558 Long-term debt due after one year: -- Machinery, Power & Energy 10,614 10,678 -- Financial Products 21,552 20,018 Liability for postemployment benefits 3,610 3,838 Other liabilities 8,919 6,175 Total liabilities 85,361 77,267 Shareholders’ equity Common stock 6,658 7,181 Treasury stock -56,702 -49,539 Profit employed in the business 73,428 65,448 Accumulated other comprehensive income -1,901 -1,772 (loss) Noncontrolling interests -1 — Total shareholders’ equity 21,482 21,318 Total liabilities and shareholders’ $ 106,843 $ 98,585 equity
Nine Months Ended Cash flow from September 30, operating activities: 2026 2025 ────────────────────────────────────────────────────────────────────────────── Profit of consolidated and affiliated $ 9,427 $ 6,481 companies Adjustments to reconcile profit to net cash provided by operating activities: Depreciation and 1,826 1,664 amortization Provision (benefit) for deferred income 630 300 taxes (Gain) loss on 139 — divestiture Other 249 509 Changes in assets and liabilities, net of acquisitions and divestitures:
Receivables – trade -3,761 -788 and other Inventories -4,118 -2,015 Accounts payable 1,752 1,086 Accrued expenses 354 51 Accrued wages, salaries and employee 107 -296 benefits Customer advances 4,002 1,649 Other assets – net -251 -138 Other liabilities – 237 -355 net Net cash provided by (used for) 10,593 8,148 operating activities Cash flow from investing activities: Capital expenditures – excluding -2,012 -1,923 equipment leased to others Expenditures for equipment leased to -1,214 -1,021 others Proceeds from disposals of leased assets 773 544 and property, plant and equipment Additions to finance -13,123 -10,964 receivables Collections of finance 12,149 9,890 receivables Proceeds from sale of finance 56 26 receivables Investments and acquisitions (net of -893 -26 cash acquired) Proceeds from sale of businesses and -92 12 investments (net of cash sold) Proceeds from maturities and sale of 1,303 1,945 securities Investments in -1,872 -1,291 securities Other – net 170 -19 Net cash provided by (used for) -4,755 -2,827 investing activities Cash flow from financing activities: Dividends paid -2,148 -2,043 Common stock issued, and other stock -131 -39 compensation transactions, net Payments to purchase -7,745 -4,850 common stock Excise tax paid on purchases of common -49 -73 stock Proceeds from debt issued (original 10,490 8,454 maturities greater than three months) Payments on debt (original maturities -7,495 -6,205 greater than three months) Short-term borrowings – net (original -748 106 maturities three months or less) Net cash provided by (used for) -7,826 -4,650 financing activities Effect of exchange -63 -23 rate changes on cash Increase (decrease) in cash, cash -2,051 648 equivalents and restricted cash Cash, cash equivalents and restricted 9,986 6,896 cash at beginning of period Cash, cash equivalents and restricted $ 7,935 $ 7,544 cash at end of period
Cash equivalents primarily represent short-term, highly liquid investments with original maturities of generally three months or less.
1 Elimination of Financial Products’ revenues earned from MP&E. 2 Elimination of net expenses recorded between MP&E and Financial Products. 3 Elimination of interest expense recorded between Financial Products and MP&E. Elimination of discount recorded by MP&E on receivables sold to 4 Financial Products and of interest earned between MP&E and Financial Products as well as dividends paid by Financial Products to MP&E. 5 Profit attributable to common shareholders.
1 Elimination of Financial Products’ revenues earned from MP&E. 2 Elimination of net expenses recorded by MP&E paid to Financial Products. Elimination of discount recorded by MP&E on receivables sold to 3 Financial Products and of interest earned between MP&E and Financial Products as well as dividends paid by Financial Products to MP&E. 4 Profit attributable to common shareholders.
1 Elimination of Financial Products’ revenues earned from MP&E. 2 Elimination of net expenses recorded between MP&E and Financial Products. 3 Elimination of interest expense recorded between Financial Products and MP&E. Elimination of discount recorded by MP&E on receivables sold to 4 Financial Products and of interest earned between MP&E and Financial Products as well as dividends paid by Financial Products to MP&E. 5 Profit attributable to common shareholders.
1 Elimination of Financial Products’ revenues earned from MP&E. 2 Elimination of net expenses recorded between MP&E and Financial Products. Elimination of discount recorded by MP&E on receivables sold to 3 Financial Products and of interest earned between MP&E and Financial Products as well as dividends paid by Financial Products to MP&E. 4 Profit attributable to common shareholders.
1 Elimination of non-cash adjustments and changes in assets and liabilities related to consolidated reporting. Reclassification of Financial Products’ cash flow activity from 2 investing to operating for receivables that arose from the sale of inventory. 3 Elimination of proceeds and payments to/from MP&E and Financial Products.
1 Elimination of non-cash adjustments and changes in assets and liabilities related to consolidated reporting. Reclassification of Financial Products’ cash flow activity from 2 investing to operating for receivables that arose from the sale of inventory. 3 Elimination of proceeds and payments to/from MP&E and Financial Products.
Full text with the tables
Exhibit 99.1
Caterpillar Inc.
3Q 2026 Earnings Release
FOR IMMEDIATE RELEASE
Caterpillar Reports Third-Quarter 2026 Results
Third Quarter
($ in billions except profit per share) 2026 2025
Sales and Revenues $20.7 $17.6
Profit Per Share $7.13 $4.88
Adjusted Profit Per Share $7.20 $4.95
Please see a reconciliation of GAAP to
non-GAAP financial measures in the
appendix on pages 12 and 13.
● Third-quarter 2026 sales and revenues increased 17% to $20.7 billion
● Third-quarter 2026 profit per share of $7.13; adjusted profit per share
of $7.20
● Deployed $2.0 billion of cash for share repurchases and dividends in
the third quarter
IRVING, Texas, Oct. 29, 2026 – Caterpillar Inc. (NYSE: CAT) announced third-
quarter 2026 results.
“Our third-quarter results reflect the durability of our end markets, with
strong order rates and a record backlog,” said Caterpillar Chairman and CEO Joe
Creed. “Our team continues to execute our strategic priorities in a dynamic
environment, positioning us for a strong year while delivering long-term value
for our customers and shareholders.”
Sales and revenues for the third quarter of 2026 were $20.7 billion, a 17%
increase compared with $17.6 billion in the third quarter of 2025. The increase
was primarily due to higher sales volume of $2.2 billion and favorable price
realization of $663 million.
Operating profit margin was 20.4% for the third quarter of 2026, compared with
17.3% for the third quarter of 2025. Adjusted operating profit margin was 20.6%
for the third quarter of 2026, compared with 17.5% for the third quarter of
2025. Third-quarter 2026 profit per share was $7.13, compared with third-quarter
2025 profit per share of $4.88. Adjusted profit per share in the third quarter
of 2026 was $7.20, compared with third-quarter 2025 adjusted profit per share of
$4.95. For the third quarter of 2026 and 2025, adjusted operating profit margin
and adjusted profit per share excluded restructuring costs.
For the third quarter of 2026, enterprise operating cash flow was $4.4 billion,
and the company ended the third quarter with $7.9 billion of enterprise cash. In
the quarter, the company deployed $1.2 billion of cash for repurchases of
Caterpillar common stock and $0.7 billion of cash for dividends.
(more)
2
CONSOLIDATED RESULTS
Consolidated Sales and Revenues
The chart above graphically illustrates reasons for the change in consolidated
sales and revenues between the third quarter of 2025 (at left) and the third
quarter of 2026 (at right). Caterpillar management utilizes these charts
internally to visually communicate with the company’s board of directors and
employees.
Total sales and revenues for the third quarter of 2026 were $20.682 billion, an
increase of $3.044 billion, or 17%, compared with $17.638 billion in the third
quarter of 2025. The increase was primarily due to higher sales volume of $2.2
billion and favorable price realization of $663 million. Higher sales volume was
mainly driven by higher sales of equipment to end users.
Sales were higher across the three primary segments.
…
…
… (… Th… In… T…
… of Qu… S… Pr… / Q… $
… d… 20… V… Re… C… Ot… 2… Ch…
──────────────────────────────────────────────────────────────────────────────
…
& $ 7,… $ 8… $ 216 $ 12 $ 214 $ 8… $ 1,… 1…
…
… 6,… 8… 349 2 -2 7… 1,… 1…
…
… 3,… 4… 96 40 2 4… 616 1…
…
…
… 73 5 — — -6 72 -1 -…
…
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… 16… 2… 663 58 — 1… 2,… 1…
&
…
…
… 1,… — — — 101 1… 101 9%
…
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… -1… — — — 15 -… 15
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… 912 — — — 116 1… 116 1…
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(more)
3
… …
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… …
… …
──────────────────────────────────────────────────────────────────────────────
% $ % $ %
… … …
… … $ … … $ …
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… 3 … … …
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… …
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3 …
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(more)
4
Consolidated Operating Profit
The chart above graphically illustrates reasons for the change in consolidated
operating profit between the third quarter of 2025 (at left) and the third
quarter of 2026 (at right). Caterpillar management utilizes these charts
internally to visually communicate with the company’s board of directors and
employe es. The bar titled Other includes consolidating adjustments and
Machinery, Power & Energy’s other operating (income) expenses.
Operating profit for the third quarter of 2026 was $4.214 billion, an increase
of $1.162 billion, or 38%, compared with $3.052 billion in the third quarter of
2025. The increase was primarily due to the profit impact of higher sales
volume.
Operating profit in the third quarter of 2026 included $128 million of
International Emergency Economic Power Act (IEEPA) tariff recoveries.
Profit
(Loss) (Millions Third Third
by of Quarter Quarter $ %
Segment dollars) 2026 2025 Change Change
──────────────────────────────────────────────────────────────────────────────
Power & $ 2,143 $ 1,633 $ 510 31 %
Energy
Constru… 1,831 1,377 454 33 %
Industr…
Resource 622 544 78 14 %
Industr…
All
Other -2 -6 4 67 %
Segment
Corpora…
Items -450 -546 96
and
Elimina…
Machine…
Power & 4,144 3,002 1,142 38 %
Energy
Financi…
Products 264 241 23 10 %
Segment
Corpora…
Items -3 -38 35
and
Elimina…
Financi… 261 203 58 29 %
Products
Consoli… -191 -153 -38
Adjustm…
Consoli…
Operati… $ 4,214 $ 3,052 $ 1,162 38 %
Profit
(more)
5
Other Profit/Loss and Tax Items
• Other income (expense) in the third quarter of 2026 was income of $135
million, compared with income of $208 million in the third quarter of 2025. The
change was primarily driven by unfavorable impacts from total return swap
contracts, partially offset by favorable impacts from commodity hedges.
• The effective tax rate for the third quarter of 2026 was 22.9% compared to
26.7% for the third quarter of 2025. Excluding the discrete items discussed
below, the global estimated annual effective tax rate was 23.0% for the third
quarter of 2026, compared with 24.0% for the third quarter of 2025.
A discrete tax benefit of $3 million was recorded in the third quarter of 2026,
compared with a $10 million benefit in the third quarter of 2025, for the
settlement of stock-based compensation awards with associated tax deductions in
excess of cumulative U.S. GAAP compensation expense.
In the third quarter of 2025, the company also recorded a $54 million charge for
an increase in the global estimated annual effective tax rate through the first
six months and a discrete tax charge of $41 million to reflect changes in
estimates related to prior years.
Please see a reconciliation of GAAP to non-GAAP financial measures in the
appendix on pages 12 and 13.
(more)
6
… …
… … … … %
… … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ … $ … $ …
… … $ %
… … … …
… …
$ … $ … $ … … %
… … … … %
… … … 4 %
… … … … %
… … … … %
$ … $ … $ … … %
… … %
… … … …
… …
$ … $ … $ … … %
… % … % … …
Power & Energy’s total sales were $8.784 billion in the third quarter of 2026,
an increase of $1.321 billion, or 18%, compared with $7.463 billion in the third
quarter of 2025. The increase was primarily due to higher sales volume of $879
million and favorable price realization of $216 million.
• Power Generation – Sales increased mainly in turbines and turbine-related
services and in large reciprocating engines, primarily in data center
applications.
• Oil and Gas – Sales increased primarily in reciprocating engine aftermarket
parts and in reciprocating engines used in gas compression applications. Sales
also increased in turbines and turbine-related services.
• Industrial – Sales increased mainly in North America.
Power & Energy’s segment profit was $2.143 billion in the third quarter of 2026,
an increase of $510 million, or 31%, compared with $1.633 billion in the third
quarter of 2025. The increase was mainly due to the profit impact of higher
sales volume.
(more)
7
… …
… … … … %
… … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ 2 $ … $ … $ …
… … $ %
… … … …
… …
$ … $ … $ … … %
… … … … %
… … … … %
… … … 2 %
… … … … %
… … … … …
$ … $ … $ … … %
… … %
… … … …
… …
$ … $ … $ … … %
… % … % … …
Construction Industries’ total sales were $7.983 billion in the third quarter of
2026, an increase of $1.223 billion, or 18%, compared with $6.760 billion in the
third quarter of 2025. The increase in sales was mainly due to higher sales
volume of $874 million and favorable price realization of $349 million. Higher
sales volume was primarily driven by higher sales of equipment to end users.
• In North America, sales increased due to higher sales volume and favorable
price realization. Higher sales volume was mainly driven by higher sales of
equipment to end users.
• Sales increased in Latin America mainly due to higher sales volume. Higher
sales volume was primarily driven by the impact from changes in dealer
inventories.
• In EAME, sales increased primarily due to favorable price realization and
higher sales volume. Higher sales volume was mainly driven by higher sales of
equipment to end users.
• Sales increased in Asia/Pacific due to higher sales volume, partially offset
by unfavorable price realization and unfavorable currency impacts primarily
related to the Japanese yen. Higher sales volume was mainly driven by the impact
from changes in dealer inventories.
Construction Industries’ segment profit was $1.831 billion in the third quarter
of 2026, an increase of $454 million, or 33%, compared with $1.377 billion in
the third quarter of 2025. The increase was primarily due to the profit impact
of higher sales volume of $356 million and favorable price realization of $349
million, partially offset by unfavorable manufacturing costs of $252 million.
Unfavorable manufacturing costs included the impact of higher freight.
(more)
8
… …
… … … … %
… … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ 2 $ … $ …
… … $ %
… … … …
… …
$ … $ … $ … … %
… … … … …
… … … … %
… … 2 2 %
$ … $ … $ … … %
… … %
… … … …
… …
$ … $ … $ … … %
… % … % … …
Resource Industries’ total sales were $4.615 billion in the third quarter of
2026, an increase of $616 million, or 15%, compared with $3.999 billion in the
third quarter of 2025. The increase was primarily due to higher sales volume of
$478 million and favorable price realization of $96 million.
• Mining, Heavy Construction and Quarry & Aggregates – Sales increased primarily
due to the impact from changes in dealer inventories.
• Rail – Sales decreased primarily due to lower international locomotive
deliveries, partially offset by an increase in rail services.
Resource Industries’ segment profit was $622 million in the third quarter of
2026, an increase of $78 million, or 14%, compared with $544 million in the
third quarter of 2025. The increase was mainly due to the profit impact of
higher sales volume of $181 million and favorable price realization of $96
million, partially offset by unfavorable manufacturing costs of $208 million.
Unfavorable manufacturing costs primarily reflected higher material costs,
including tariffs.
(more)
9
FINA…
PROD…
SEGM…
(Mil…
of
doll…
Reve…
by Third Third
Geog… Quar… Quar… $ %
Regi… 2026 2025 Chan… Chan…
──────────────────────────────────────────────────────────────────────────────
North $ 780 $ 722 $ 58 8 %
Amer…
Latin 132 118 14 12 %
Amer…
EAME 142 130 12 9 %
Asia… 123 106 17 16 %
Total $ 1,177 $ 1,076 $ 101 9 %
Reve…
Segm…
Prof…
Third Third %
Quart… Quart… Change Change
2026 2025
Segm… $ 264 $ 241 $ 23 10 %
Prof…
Financial Products’ segment revenues were $1.177 billion in the third quarter of
2026, an increase of $101 million, or 9%, compared with $1.076 billion in the
third quarter of 2025. The increase was primarily due to a favorable impact from
higher average earning assets of $125 million across all regions, partially
offset by an unfavorable impact from lower average financing rates of $38
million across all regions except Asia/Pacific.
Financial Products’ segment profit was $264 million in the third quarter of
2026, an increase of $23 million, or 10%, compared with $241 million in the
third quarter of 2025. The increase was mainly due to a favorable impact from
higher average earning assets of $52 million, partially offset by higher
provision for credit losses at Cat Financial of $34 million.
At the end of the third quarter of 2026, past dues at Cat Financial were 1.31%,
compared with 1.47% at the end of the third quarter of 2025. Write-offs, net of
recoveries, were $28 million for the third quarter of 2026 compared with $40
million for the third quarter of 2025. As of September 30, 2026, Cat Financial's
allowance for credit losses totaled $332 million, or 0.91% of finance
receivables, compared with $294 million, or 0.84% of finance receivables at June
30, 2026. The allowance for credit losses at year-end 2025 was $284 million, or
0.86% of finance receivables.
Corporate Items and Eliminations
Expense for corporate items and eliminations was $453 million in the third
quarter of 2026, a decrease of $131 million from the third quarter of 2025. This
decrease was primarily due to a favorable change in fair value adjustments
related to deferred compensation plans.
(more)
10
Notes
i.
Glossary of terms is included on the Caterpillar website at
https://investors.caterpillar.com/overview/default.aspx
.
ii.
Sales of equipment to end users is demonstrated by the company’s Rolling 3 Month
Retail Sales Statistics filed in a Form 8-K on Thursday, Oct. 29, 2026.
iii.
Information on non-GAAP financial measures is included in the appendix on pages
12 and 13.
iv.
Some amounts within this report are rounded to the millions or billions and may
not add.
v.
Caterpillar will conduct a teleconference and live webcast, with a slide
presentation, beginning at 7:30 a.m. Central Time on Thursday, Oct. 29, 2026, to
discuss its 2026 third-quarter results. The accompanying slides will be
available before the webcast on the Caterpillar website at
https://investors.caterpillar.com/events-presentations/default.aspx
.
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world.
With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the
future as the world’s leading manufacturer of construction and mining equipment,
off-highway diesel and natural gas engines, industrial gas turbines and diesel-
electric locomotives. Backed by one of the largest independent global dealer
networks and financing services through Cat Financial, the company’s primary
business segments: Power & Energy, Construction Industries and Resource
Industries are solving customers’ toughest challenges through commercial
excellence and advanced technology, driven by a highly skilled, dedicated global
team. Learn more at caterpillar.com .
Caterpillar’s latest financial results are also available online:
https://investors.caterpillar.com/overview/default.aspx
https://investors.caterpillar.com/financials/quarterly-results/default.aspx
(live broadcast/replays of quarterly conference call)
Caterpillar investor relations contact: Alex Kapper, +1 773-250-2227 or
Kapper_Alex@cat.com
Caterpillar media contact: Tiffany Heikkila, +1 832-573-0958 or
Tiffany.Heikkila@cat.com
(more)
11
Forward-Looking Statements
Certain statements in this press release relate to future events and
expectations and are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as “believe,”
“estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,”
“forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other
similar words or expressions often identify forward-looking statements. All
statements other than statements of historical fact are forward-looking
statements, including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do not guarantee
future performance and speak only as of the date they are made, and we do not
undertake to update our forward-looking statements.
Caterpillar’s actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i) global and regional economic conditions and
economic conditions in the industries we serve; (ii) commodity price changes,
material price increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal policies; (iv)
political and economic risks, commercial instability and events beyond our
control in the countries in which we operate; (v) international trade policies
and their impact on demand for our products and our competitive position,
including the imposition of new tariffs or changes in existing tariff rates;
(vi) our ability to develop, produce and market quality products that meet our
customers’ needs; (vii) the impact of the highly competitive environment in
which we operate on our sales and pricing; (viii) information technology
security threats and computer crime; (ix) inventory management decisions and
sourcing practices of our dealers and our OEM customers; (x) a failure to
realize, or a delay in realizing, all of the anticipated benefits of our
acquisitions, joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected events; (xiii)
disruptions or volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers; (xiv)
failure to maintain our credit ratings and potential resulting increases to our
cost of borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our Financial Products
segment’s risks associated with the financial services industry; (xvi) changes
in interest rates or market liquidity conditions; (xvii) an increase in
delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii)
currency fluctuations; (xix) our or Cat Financial’s compliance with financial
and other restrictive covenants in debt agreements; (xx) increased pension plan
funding obligations; (xxi) alleged or actual violations of trade or anti-
corruption laws and regulations; (xxii) additional tax expense or exposure,
including the impact of U.S. tax reform; (xxiii) significant legal proceedings,
claims, lawsuits or government investigations; (xxiv) new regulations or changes
in financial services regulations; (xxv) compliance with environmental laws and
regulations; (xxvi) catastrophic events, including global pandemics such as the
COVID-19 pandemic; and (xxvii) other factors described in more detail in
Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and
Exchange Commission.
(more)
12
APPENDIX
NON-GAAP FINANCIAL MEASURES
The following definitions are provided for the non-GAAP financial measures.
These non-GAAP financial measures have no standardized meaning prescribed by
U.S. GAAP and therefore are unlikely to be comparable to the calculation of
similar measures for other companies. Management does not intend these items to
be considered in isolation or as a substitute for the related GAAP measures.
The company believes it is important to separately quantify the profit impact of
one significant item in order for the company’s results to be meaningful to
readers. This item consists of (i) restructuring costs. The company does not
consider this item indicative of earnings from ongoing business activities and
believes the non-GAAP measure provides investors with useful perspective on
underlying business results and trends and aids with assessing the company’s
period-over-period results. The company intends to discuss adjusted profit per
share for the fourth quarter and full-year 2026, excluding mark-to-market gains
or losses for remeasurement of pension and other postemployment benefit plans.
Reconciliations of adjusted results to the most directly comparable GAAP measure
are as follows:
(…
in
m… P…
e… (…
p… O… P… f… P…
s… Op… P… B… I… p…
d… Pr… M… T… T… P… S…
──────────────────────────────────────────────────────────────────────────────
T…
M…
E…
S…
3… $ 4,… 20… % $ 4,… $ 968 $ 3,… $ 7.…
2…
-
U…
G…
R… 41 0.2 % 41 9 32 0.…
c…
T…
M…
E…
S… $ 4,… 20… % $ 4,… $ 977 $ 3,… $ 7.…
3…
2…
-
A…
T…
M…
E…
S…
3… $ 3,… 17… % $ 3,… $ 836 $ 2,… $ 4.…
2…
-
U…
G…
R… 37 0.2 % 37 9 28 0…
c…
T…
M…
E…
S… $ 3,… 17… % $ 3,… $ 845 $ 2,… $ 4.…
3…
2…
-
A…
(more)
13
The company believes it is important to separately disclose the annual effective
tax rate, excluding discrete items for the results to be meaningful to readers.
The annual effective tax rate is discussed using non-GAAP financial measures
that exclude the effects of amounts associated with discrete items recorded
fully in the quarter they occur. For the three months ended September 30, 2026
and 2025, these items consist of (i) the settlement of stock-based compensation
awards with associated tax deductions in excess of cumulative U.S. GAAP
compensation expense, (ii) the increase in the annual effective tax rate in 2025
and (iii) the impact of changes in estimates related to prior years in 2025. The
company believes the non-GAAP measures will provide investors with useful
perspective on underlying business results and trends and aids with assessing
the company's period-over-period results.
A reconciliation of the effective tax rate to annual effective tax rate,
excluding discrete items is below:
Provision
(Benefit)
(Dollars Profit for
in Before Income Effective
millions) Taxes Taxes Tax Rate
──────────────────────────────────────────────────────────────────────────────
Three
Months
Ended $ 4,220 968 22.9 %
September
30, 2026 -
U.S. GAAP
Excess
stock-bas… — 3
compensat…
Annual
effective
tax rate, $ 4,220 $ 971 23.0 %
excluding
discrete
items
Excess
stock-bas… — -3
compensat…
Restructu… 41 9
costs
Three
Months
Ended $ 4,261 $ 977
September
30, 2026 -
Adjusted
Three Months Ended September 30, 2025 - $ 3,127 $ 836 26.7 %
U.S. GAAP
Increase in annual effective tax rate — -54
Changes in estimates related to prior — -41
years
Excess stock-based compensation — 10
Annual effective tax rate, excluding $ 3,127 $ 751 24.0 %
discrete items
Increase in annual effective tax rate — 54
Changes in estimates related to prior — 41
years
Excess stock-based compensation — -10
Restructuring costs 37 9
Three Months Ended September 30, 2025 - $ 3,164 $ 845
Adjusted
(more)
14
Supplemental Consolidating Data
The company is providing supplemental consolidating data for the purpose of
additional analysis. The data has been grouped as follows:
Consolidated
– Caterpillar Inc. and its subsidiaries.
Machinery, Power & Energy (MP&E)
– The company defines MP&E as it is presented in the supplemental data as
Caterpillar Inc. and its subsidiaries, excluding Financial Products. MP&E’s
information relates to the design, manufacturing and marketing of its products.
Financial Products
– The company defines Financial Products as it is presented in the supplemental
data as its finance and insurance subsidiaries, primarily Caterpillar Financial
Services Corporation (Cat Financial) and Caterpillar Insurance Holdings Inc.
(Insurance Services). Financial Products’ information relates to the financing
to customers and dealers for the purchase and lease of Caterpillar and other
equipment.
Consolidating Adjustments
– Eliminations of transactions between MP&E and Financial Products.
The nature of the MP&E and Financial Products businesses is different,
especially with regard to the financial position and cash flow items.
Caterpillar management utilizes this presentation internally to highlight these
differences. The company believes this presentation will assist readers in
understanding its business.
Pa ges 15 to 25 reconcile MP&E and Financial Products to Caterpillar Inc.
consolidated financial information.
(more)
15
Caterpillar Inc.
Condensed Consolidated Statement of Results of Operations
(Unaudited)
(Dollars in millions except per share data)
Three Nine
Months Months
Ended Ended
Sales Septem… Septem…
and 30, 30,
reven… 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Sales
of
Machi… $ 19,654 $ 16,726 $ 55,708 $ 45,778
Power
&
Energy
Reven…
of 1,028 912 2,932 2,678
Finan…
Produ…
Total
sales 20,682 17,638 58,640 48,456
and
reven…
Opera…
costs:
Cost
of 13,332 11,673 37,419 31,445
goods
sold
Selli…
gener…
and 1,797 1,822 5,631 5,109
admin…
expen…
Resea…
and 596 555 1,749 1,586
devel…
expen…
Inter…
expen…
of 384 346 1,091 1,008
Finan…
Produ…
Other
opera… 359 190 1,156 817
(inco…
expen…
Total
opera… 16,468 14,586 47,046 39,965
costs
Opera… 4,214 3,052 11,594 8,491
profit
Inter…
expen…
exclu… 129 133 398 375
Finan…
Produ…
Other
income 135 208 793 399
(expe…
Conso…
profit 4,220 3,127 11,989 8,515
before
taxes
Provi…
(bene…
for 968 836 2,693 2,056
income
taxes
Profit
of 3,252 2,291 9,296 6,459
conso…
compa…
Equity
in
profit
(loss) 34 8 131 22
of
uncon…
affil…
compa…
Profit
of
conso… 3,286 2,299 9,427 6,481
and
affil…
compa…
Less:
Profit
(loss)
attri… -1 -1 -2 -1
to
nonco…
inter…
Profi… $ 3,287 $ 2,300 $ 9,429 $ 6,482
Profit
per $ 7.16 $ 4.91 $ 20.45 $ 13.76
common
share
Profit
per
common $ 7.13 $ 4.88 $ 20.36 $ 13.69
share
—
dilut…
Weigh…
common
shares
outst…
(mill…
– 459.1 468.6 461.0 471.3
Basic
– 460.9 470.8 463.2 473.4
Dilut…
1 Profit attributable to common shareholders.
2 Diluted by assumed exercise of stock-based compensation awards using
the treasury stock method.
(more)
16
Caterpillar Inc
.
Condensed Consolidated Statement of Financial Position
(Unaudited)
(Millions of dollars)
September 30, December 31,
2026 2025
──────────────────────────────────────────────────────────────────────────────
Assets
Current assets:
Cash and cash equivalents $ 7,929 $ 9,980
Receivables – trade and other 13,440 10,920
Receivables – finance 11,051 10,649
Prepaid expenses and other current 3,200 2,801
assets
Inventories 22,214 18,135
Total current assets 57,834 52,485
Property, plant and equipment – net 16,011 15,140
Long-term receivables – trade and 3,348 2,142
other
Long-term receivables – finance 14,402 14,272
Noncurrent deferred and refundable 2,235 2,882
income taxes
Intangible assets 409 241
Goodwill 5,905 5,321
Other assets 6,699 6,102
Total assets $ 106,843 $ 98,585
Liabilities
Current liabilities:
Short-term borrowings:
-- Financial Products $ 4,855 $ 5,514
Accounts payable 10,573 8,968
Accrued expenses 6,038 5,587
Accrued wages, salaries and employee 2,663 2,554
benefits
Customer advances 5,329 3,314
Dividends payable — 703
Other current liabilities 3,028 2,798
Long-term debt due within one year:
-- Machinery, Power & Energy 36 35
-- Financial Products 8,144 7,085
Total current liabilities 40,666 36,558
Long-term debt due after one year:
-- Machinery, Power & Energy 10,614 10,678
-- Financial Products 21,552 20,018
Liability for postemployment benefits 3,610 3,838
Other liabilities 8,919 6,175
Total liabilities 85,361 77,267
Shareholders’ equity
Common stock 6,658 7,181
Treasury stock -56,702 -49,539
Profit employed in the business 73,428 65,448
Accumulated other comprehensive
income -1,901 -1,772
(loss)
Noncontrolling interests -1 —
Total shareholders’ equity 21,482 21,318
Total liabilities and shareholders’ $ 106,843 $ 98,585
equity
(more)
17
Caterpillar Inc.
Condensed Consolidated Statement of Cash Flow
(Unaudited)
(Millions of dollars)
Nine Months Ended
Cash flow from September 30,
operating activities: 2026 2025
──────────────────────────────────────────────────────────────────────────────
Profit of consolidated
and affiliated $ 9,427 $ 6,481
companies
Adjustments to
reconcile profit to
net
cash provided by
operating activities:
Depreciation and 1,826 1,664
amortization
Provision (benefit)
for deferred income 630 300
taxes
(Gain) loss on 139 —
divestiture
Other 249 509
Changes in assets and
liabilities, net
of acquisitions and
divestitures:
Receivables – trade -3,761 -788
and other
Inventories -4,118 -2,015
Accounts payable 1,752 1,086
Accrued expenses 354 51
Accrued wages,
salaries and employee 107 -296
benefits
Customer advances 4,002 1,649
Other assets – net -251 -138
Other liabilities – 237 -355
net
Net cash provided by
(used for) 10,593 8,148
operating activities
Cash flow from
investing activities:
Capital expenditures –
excluding -2,012 -1,923
equipment leased to
others
Expenditures for
equipment leased to -1,214 -1,021
others
Proceeds from
disposals of leased
assets 773 544
and property, plant
and equipment
Additions to finance -13,123 -10,964
receivables
Collections of finance 12,149 9,890
receivables
Proceeds from sale of
finance 56 26
receivables
Investments and
acquisitions (net of -893 -26
cash acquired)
Proceeds from sale of
businesses and -92 12
investments (net of
cash sold)
Proceeds from
maturities and sale of 1,303 1,945
securities
Investments in -1,872 -1,291
securities
Other – net 170 -19
Net cash provided by
(used for) -4,755 -2,827
investing activities
Cash flow from
financing activities:
Dividends paid -2,148 -2,043
Common stock issued,
and other stock -131 -39
compensation
transactions, net
Payments to purchase -7,745 -4,850
common stock
Excise tax paid on
purchases of common -49 -73
stock
Proceeds from debt
issued (original 10,490 8,454
maturities greater
than three months)
Payments on debt
(original maturities -7,495 -6,205
greater than three
months)
Short-term borrowings
– net (original -748 106
maturities three
months or less)
Net cash provided by
(used for) -7,826 -4,650
financing activities
Effect of exchange -63 -23
rate changes on cash
Increase (decrease) in
cash, cash -2,051 648
equivalents and
restricted cash
Cash, cash equivalents
and restricted 9,986 6,896
cash at beginning of
period
Cash, cash equivalents
and restricted $ 7,935 $ 7,544
cash at end of period
Cash equivalents primarily represent short-term,
highly liquid investments with original maturities
of generally three months or less.
(more)
18
Caterpillar Inc.
Supplemental Data for Results of Operations
For the Three Months Ended September 30, 2026
(Unaudited)
(Millions of dollars)
Suppl…
Conso…
Data
Machi…
Sales Power
and & Finan… Cons…
reve… Conso… Energy Produ… Adju…
──────────────────────────────────────────────────────────────────────────────
Sales
of
Mach… $ 19,6… $ 19,6… $ — $ —
Power
&
Ener…
Reve…
of 1,028 — 1,261 -233 1
Fina…
Prod…
Total
sales 20,6… 19,6… 1,261 -233
and
reve…
Oper…
cost…
Cost
of 13,3… 13,3… — —
goods
sold
Sell…
gene…
and 1,797 1,571 245 -19 2
admi…
expe…
Rese…
and 596 596 — —
deve…
expe…
Inte…
expe…
of 384 — 397 -13 2
Fina…
Prod…
Other
oper… 359 11 358 -10 2
(inc…
expe…
Total
oper… 16,4… 15,5… 1,000 -42
costs
Oper… 4,214 4,144 261 -191
prof…
Inte…
expe…
excl… 129 135 — -6 3
Fina…
Prod…
Other
inco… 135 -77 27 185 4
(exp…
Cons…
prof… 4,220 3,932 288 —
befo…
taxes
Prov…
(ben…
for 968 899 69 —
inco…
taxes
Prof…
of 3,252 3,033 219 —
cons…
comp…
Equi…
in
prof…
(los… 34 34 — —
of
unco…
affi…
comp…
Prof…
of
cons… 3,286 3,067 219 —
and
affi…
comp…
Less:
Prof…
(los…
attr… -1 -1 — —
to
nonc…
inte…
Prof… $ 3,287 $ 3,068 $ 219 $ —
1 Elimination of Financial Products’ revenues earned from MP&E.
2 Elimination of net expenses recorded between MP&E and Financial
Products.
3 Elimination of interest expense recorded between Financial Products and
MP&E.
Elimination of discount recorded by MP&E on receivables sold to
4 Financial Products and of interest earned between MP&E and Financial
Products as well as dividends paid by Financial Products to MP&E.
5 Profit attributable to common shareholders.
(more)
19
Caterpillar Inc.
Supplemental Data for Results of Operations
For the Three Months Ended September 30, 2025
(Unaudited)
(Millions of dollars)
Suppl…
Conso…
Data
Machi…
Sales Power
and & Finan… Cons…
reve… Conso… Energy Produ… Adju…
──────────────────────────────────────────────────────────────────────────────
Sales
of
Mach… $ 16,7… $ 16,7… $ — $ —
Power
&
Ener…
Reve…
of 912 — 1,115 -203 1
Fina…
Prod…
Total
sales 17,6… 16,7… 1,115 -203
and
reve…
Oper…
cost…
Cost
of 11,6… 11,6… — -2 2
goods
sold
Sell…
gene…
and 1,822 1,608 218 -4 2
admi…
expe…
Rese…
and 555 555 — —
deve…
expe…
Inte…
expe…
of 346 — 358 -12
Fina…
Prod…
Other
oper… 190 -114 336 -32 2
(inc…
expe…
Total
oper… 14,5… 13,7… 912 -50
costs
Oper… 3,052 3,002 203 -153
prof…
Inte…
expe…
excl… 133 136 — -3
Fina…
Prod…
Other
inco… 208 25 33 150 3
(exp…
Cons…
prof… 3,127 2,891 236 —
befo…
taxes
Prov…
(ben…
for 836 773 63 —
inco…
taxes
Prof…
of 2,291 2,118 173 —
cons…
comp…
Equi…
in
prof…
(los… 8 8 — —
of
unco…
affi…
comp…
Prof…
of
cons… 2,299 2,126 173 —
and
affi…
comp…
Less:
Prof…
(los…
attr… -1 -1 — —
to
nonc…
inte…
Prof… $ 2,300 $ 2,127 $ 173 $ —
1 Elimination of Financial Products’ revenues earned from MP&E.
2 Elimination of net expenses recorded by MP&E paid to Financial
Products.
Elimination of discount recorded by MP&E on receivables sold to
3 Financial Products and of interest earned between MP&E and Financial
Products as well as dividends paid by Financial Products to MP&E.
4 Profit attributable to common shareholders.
(more)
20
Caterpillar Inc.
Supplemental Data for Results of Operations
For the Nine Months Ended September 30, 2026
(Unaudited)
(Millions of dollars)
Suppl…
Conso…
Data
Machi…
Sales Power
and & Finan… Cons…
reve… Conso… Energy Produ… Adju…
──────────────────────────────────────────────────────────────────────────────
Sales
of
Mach… $ 55,7… $ 55,7… $ — $ —
Power
&
Ener…
Reve…
of 2,932 — 3,592 -660 1
Fina…
Prod…
Total
sales 58,6… 55,7… 3,592 -660
and
reve…
Oper…
cost…
Cost
of 37,4… 37,4… — -4 2
goods
sold
Sell…
gene…
and 5,631 4,980 690 -39 2
admi…
expe…
Rese…
and 1,749 1,749 — —
deve…
expe…
Inte…
expe…
of 1,091 — 1,127 -36 2
Fina…
Prod…
Other
oper… 1,156 199 1,014 -57 2
(inc…
expe…
Total
oper… 47,0… 44,3… 2,831 -136
costs
Oper… 11,5… 11,3… 761 -524
prof…
Inte…
expe…
excl… 398 416 — -18 3
Fina…
Prod…
Other
inco… 793 185 102 506 4
(exp…
Cons…
prof… 11,9… 11,1… 863 —
befo…
taxes
Prov…
(ben…
for 2,693 2,469 224 —
inco…
taxes
Prof…
of 9,296 8,657 639 —
cons…
comp…
Equi…
in
prof…
(los… 131 131 — —
of
unco…
affi…
comp…
Prof…
of
cons… 9,427 8,788 639 —
and
affi…
comp…
Less:
Prof…
(los…
attr… -2 -2 — —
to
nonc…
inte…
Prof… $ 9,429 $ 8,790 $ 639 $ —
1 Elimination of Financial Products’ revenues earned from MP&E.
2 Elimination of net expenses recorded between MP&E and Financial
Products.
3 Elimination of interest expense recorded between Financial Products and
MP&E.
Elimination of discount recorded by MP&E on receivables sold to
4 Financial Products and of interest earned between MP&E and Financial
Products as well as dividends paid by Financial Products to MP&E.
5 Profit attributable to common shareholders.
(more)
21
Caterpillar Inc.
Supplemental Data for Results of Operations
For the Nine Months Ended September 30, 2025
(Unaudited)
(Millions of dollars)
Suppl…
Conso…
Data
Machi…
Sales Power
and & Finan… Cons…
reve… Conso… Energy Produ… Adju…
──────────────────────────────────────────────────────────────────────────────
Sales
of
Mach… $ 45,7… $ 45,7… $ — $ —
Power
&
Ener…
Reve…
of 2,678 — 3,244 -566 1
Fina…
Prod…
Total
sales 48,4… 45,7… 3,244 -566
and
reve…
Oper…
cost…
Cost
of 31,4… 31,4… — -6 2
goods
sold
Sell…
gene…
and 5,109 4,513 623 -27 2
admi…
expe…
Rese…
and 1,586 1,586 — —
deve…
expe…
Inte…
expe…
of 1,008 — 1,026 -18
Fina…
Prod…
Other
oper… 817 -84 979 -78 2
(inc…
expe…
Total
oper… 39,9… 37,4… 2,628 -129
costs
Oper… 8,491 8,312 616 -437
prof…
Inte…
expe…
excl… 375 385 — -10
Fina…
Prod…
Other
inco… 399 -121 93 427 3
(exp…
Cons…
prof… 8,515 7,806 709 —
befo…
taxes
Prov…
(ben…
for 2,056 1,878 178 —
inco…
taxes
Prof…
of 6,459 5,928 531 —
cons…
comp…
Equi…
in
prof…
(los… 22 22 — —
of
unco…
affi…
comp…
Prof…
of
cons… 6,481 5,950 531 —
and
affi…
comp…
Less:
Prof…
(los…
attr… -1 -2 1 —
to
nonc…
inte…
Prof… $ 6,482 $ 5,952 $ 530 $ —
1 Elimination of Financial Products’ revenues earned from MP&E.
2 Elimination of net expenses recorded between MP&E and Financial
Products.
Elimination of discount recorded by MP&E on receivables sold to
3 Financial Products and of interest earned between MP&E and Financial
Products as well as dividends paid by Financial Products to MP&E.
4 Profit attributable to common shareholders.
(more)
22
Caterpillar Inc.
Supplemental Data for Financial Position
At September 30, 2026
(Unaudited)
(Millions of dollars)
Supp…
Cons…
Data
Mach…
Ass… Power
Cur… & Fina… Cons…
ass… Cons… Ener… Prod… Adju…
──────────────────────────────────────────────────────────────────────────────
Cash
and $ 7,929 $ 7,102 $ 827 $ —
cash
equ…
Rec…
–
tra… 13,4… 5,001 497 7,942 1,2
and
oth…
Rec…
– 11,0… — 19,6… -8,6… 2
fin…
Pre…
exp…
and 3,200 2,866 405 -71 3
oth…
cur…
ass…
Inv… 22,2… 22,2… — —
Tot…
cur… 57,8… 37,1… 21,4… -757
ass…
Pro…
pla…
and 16,0… 11,7… 4,237 46 4
equ…
–
net
Lon…
rec…
– 3,348 2,612 95 641 1,2
tra…
and
oth…
Lon…
rec… 14,4… — 16,3… -1,9… 2
–
fin…
Non…
def…
and 2,235 2,512 139 -416 5
ref…
inc…
tax…
Int… 409 409 — —
ass…
Goo… 5,905 5,905 — —
Oth… 6,699 4,975 2,812 -1,0… 6
ass…
Tot… $ 106,… $ 65,3… $ 45,0… $ -3,5…
ass…
Lia…
Cur…
lia…
Sho… $ 4,855 $ — $ 4,855 $ —
bor…
Sho…
bor…
with — — 500 -500 9
con…
com…
Acc… 10,5… 10,4… 266 -182 7
pay…
Acc… 6,038 5,322 716 —
exp…
Acc…
wag…
sal… 2,663 2,598 65 —
and
emp…
ben…
Cus… 5,329 5,326 3 —
adv…
Div… — — — —
pay…
Oth…
cur… 3,028 2,315 803 -90 5,8…
lia…
Lon…
debt
due 8,180 36 8,144
wit…
one
year
Tot…
cur… 40,6… 26,0… 15,3… -772
lia…
Lon…
debt
due 32,1… 10,9… 22,5… -1,2… 9
aft…
one
year
Lia…
for 3,610 3,609 1 —
pos…
ben…
Oth… 8,919 7,722 1,693 -496 5
lia…
Tot… 85,3… 48,3… 39,5… -2,5…
lia…
Sha…
equ…
Com… 6,658 6,658 905 -905 10
sto…
Tre… -56,… -56,… — —
sto…
Pro…
emp…
in 73,4… 67,9… 5,438 32 10
the
bus…
Acc…
oth…
com… -1,9… -921 -980 —
inc…
(lo…
Non… -1 1 68 -70 10
int…
Tot…
sha… 21,4… 16,9… 5,431 -943
equ…
Tot…
lia…
and $ 106,… $ 65,3… $ 45,0… $ -3,5…
sha…
equ…
1 Elimination of receivables between MP&E and Financial Products.
2 Reclassification of MP&E’s trade receivables purchased by Financial
Products and Financial Products’ wholesale inventory receivables.
3 Elimination of MP&E's insurance premiums that are prepaid to Financial
Products.
4 Reclassification of Financial Products’ other assets to property,
plant and equipment.
5 Reclassification reflecting required netting of deferred tax
assets/liabilities by taxing jurisdiction.
6 Elimination of other intercompany assets and liabilities between MP&E
and Financial Products.
7 Elimination of payables between MP&E and Financial Products.
8 Elimination of prepaid insurance in Financial Products’ other
liabilities.
9 Elimination of debt between MP&E and Financial Products.
10 Eliminations associated with MP&E’s investments in Financial Products’
subsidiaries.
(more)
23
Caterpillar Inc.
Supplemental Data for Financial Position
At December 31, 2025
(Unaudited)
(Millions of dollars)
Supp…
Cons…
Data
Mach…
Ass… Power
Cur… & Fina… Conso…
ass… Cons… Ener… Prod… Adjus…
──────────────────────────────────────────────────────────────────────────────
Cash
and $ 9,980 $ 9,333 $ 647 $ —
cash
equ…
Rec…
–
tra… 10,9… 3,883 657 6,380 1,2
and
oth…
Rec…
– 10,6… — 17,3… -6,6… 2
fin…
Pre…
exp…
and 2,801 2,448 441 -88 3
oth…
cur…
ass…
Inv… 18,1… 18,1… — —
Tot…
cur… 52,4… 33,7… 19,0… -384
ass…
Pro…
pla…
and 15,1… 10,9… 4,106 49 4
equ…
–
net
Lon…
rec…
– 2,142 1,982 163 -3 1,2
tra…
and
oth…
Lon…
rec… 14,2… — 15,5… -1,2… 2
–
fin…
Non…
def…
and 2,882 3,208 133 -459 5
ref…
inc…
tax…
Int… 241 241 — —
ass…
Goo… 5,321 5,321 — —
Oth… 6,102 4,525 2,651 -1,0… 6
ass…
Tot… $ 98,5… $ 60,0… $ 41,6… $ -3,1…
ass…
Lia…
Cur…
lia…
Sho… $ 5,514 $ — $ 5,514 $ —
bor…
Acc… 8,968 8,988 268 -288 7
pay…
Acc… 5,587 4,877 710 —
exp…
Acc…
wag…
sal… 2,554 2,494 60 —
and
emp…
ben…
Cus… 3,314 3,311 3 —
adv…
Div… 703 703 — —
pay…
Oth…
cur… 2,798 2,259 645 -106 5,8
lia…
Lon…
debt
due 7,120 35 7,085 —
wit…
one
year
Tot…
cur… 36,5… 22,6… 14,2… -394
lia…
Lon…
debt
due 30,6… 10,9… 21,0… -1,2… 9
aft…
one
year
Lia…
for 3,838 3,837 1 —
pos…
ben…
Oth… 6,175 5,162 1,516 -503 5
lia…
Tot… 77,2… 42,6… 36,8… -2,1…
lia…
Sha…
equ…
Com… 7,181 7,181 905 -905 10
sto…
Tre… -49,… -49,… — —
sto…
Pro…
emp…
in 65,4… 60,6… 4,799 10 10
the
bus…
Acc…
oth…
com… -1,7… -843 -929 —
inc…
(lo…
Non… — 2 66 -68 10
int…
Tot…
sha… 21,3… 17,4… 4,841 -963
equ…
Tot…
lia…
and $ 98,5… $ 60,0… $ 41,6… $ -3,1…
sha…
equ…
1 Elimination of receivables between MP&E and Financial Products.
2 Reclassification of MP&E’s trade receivables purchased by Financial
Products and Financial Products’ wholesale inventory receivables.
3 Elimination of MP&E’s insurance premiums that are prepaid to Financial
Products.
4 Reclassification of Financial Products’ other assets to property,
plant and equipment.
5 Reclassification reflecting required netting of deferred tax
assets/liabilities by taxing jurisdiction.
6 Elimination of other intercompany assets and liabilities between MP&E
and Financial Products.
7 Elimination of payables between MP&E and Financial Products.
8 Elimination of prepaid insurance in Financial Products’ other
liabilities.
9 Elimination of debt between MP&E and Financial Products.
10 Eliminations associated with MP&E’s investments in Financial Products’
subsidiaries.
(more)
24
Caterpillar Inc.
Supplemental Data for Cash Flow
For the Nine Months Ended September 30, 2026
(Unaudited)
(Millions of dollars)
Supp…
Cons…
Cash Data
flow Mach…
from Power
ope… & Fina… Conso…
act… Cons… Ener… Prod… Adjus…
──────────────────────────────────────────────────────────────────────────────
Pro…
of
con… $ 9,427 $ 8,788 $ 639 $ —
and
aff…
com…
Adj…
to
rec…
pro…
to
net
cash
pro…
by
ope…
act…
Dep…
and 1,826 1,225 601 —
amo…
Pro…
(be…
for 630 684 -54 —
def…
inc…
tax…
(Ga…
loss 139 139 — —
on
div…
Oth… 249 158 -429 520 1
Cha…
in
ass…
and
lia…
net
of
acq…
and
div…
Rec…
–
tra… -3,7… -1,1… 113 -2,7… 1,2
and
oth…
Inv… -4,1… -4,1… — -4 1
Acc… 1,752 1,635 11 106 1
pay…
Acc… 354 412 -58 —
exp…
Acc…
wag…
sal… 107 101 6 —
and
emp…
ben…
Cus… 4,002 4,002 — —
adv…
Oth…
ass… -251 -317 32 34 1
–
net
Oth…
lia… 237 -33 276 -6 1
–
net
Net
cash
pro…
by 10,5… 11,5… 1,137 -2,0…
(us…
for)
ope…
act…
Cash
flow
from
inv…
act…
Cap…
exp…
–
exc… -2,0… -1,9… -22 3 1
equ…
lea…
to
oth…
Exp…
for
equ… -1,2… -16 -1,2… 9 1
lea…
to
oth…
Pro…
from
dis…
of
lea…
ass… 773 55 725 -7 1
and
pro…
pla…
and
equ…
Add…
to -13,… — -16,… 2,966 2
fin…
rec…
Col…
of 12,1… — 13,8… -1,6… 2
fin…
rec…
Net
int… — — -799 799 2
pur…
rec…
Pro…
from
sale 56 — 56 —
of
fin…
rec…
Col…
of
int…
rec…
(or… — — 68 -68 3
mat…
gre…
than
thr…
mon…
Net
int…
bor…
(or…
mat… — -500 — 500 3
thr…
mon…
or
les…
Inv…
and
acq…
(net -893 -893 — —
of
cash
acq…
Pro…
from
sale
of
bus…
and -92 -92 — —
inv…
(net
of
cash
sol…
Pro…
from
mat…
and 1,303 590 713 —
sale
of
sec…
Inv…
in -1,8… -915 -957 —
sec…
Oth…
– 170 242 -72 —
net
Net
cash
pro…
by -4,7… -3,5… -3,7… 2,510
(us…
for)
inv…
act…
Cash
flow
from
fin…
act…
Div… -2,1… -2,1… — —
paid
Com…
sto…
iss…
and
oth… -131 -131 — —
sto…
com…
tra…
net
Pay…
to
pur… -7,7… -7,7… — —
com…
sto…
Exc…
tax
paid
on -49 -49 — —
pur…
of
com…
sto…
Pay…
on
int…
bor…
(or… — -68 — 68 3
mat…
gre…
than
thr…
mon…
Net
int…
bor…
(or…
mat… — — 500 -500 3
thr…
mon…
or
les…
Pro…
from
debt
iss…
(or… 10,4… — 10,4… —
mat…
gre…
than
thr…
mon…
Pay…
on
debt
(or…
mat… -7,4… -30 -7,4… —
gre…
than
thr…
mon…
Sho…
bor…
–
net
(or… -748 — -748 —
mat…
thr…
mon…
or
les…
Net
cash
pro…
by -7,8… -10,… 2,777 -432
(us…
for)
fin…
act…
Eff…
of
exc…
rate -63 -71 8 —
cha…
on
cash
Inc…
(de…
in
cas…
cash -2,0… -2,2… 179 —
equ…
and
res…
cash
Cas…
cash
equ…
and
res… 9,986 9,336 650 —
cash
at
beg…
of
per…
Cas…
cash
equ…
and
res… $ 7,935 $ 7,106 $ 829 $ —
cash
at
end
of
per…
1 Elimination of non-cash adjustments and changes in assets and
liabilities related to consolidated reporting.
Reclassification of Financial Products’ cash flow activity from
2 investing to operating for receivables that arose from the sale of
inventory.
3 Elimination of proceeds and payments to/from MP&E and Financial
Products.
(more)
25
Caterpillar Inc.
Supplemental Data for Cash Flow
For the Nine Months Ended September 30, 2025
(Unaudited)
(Millions of dollars)
Supp…
Cons…
Cash Data
flow Mach…
from Power
ope… & Fina… Conso…
act… Cons… Ener… Prod… Adjus…
──────────────────────────────────────────────────────────────────────────────
Pro…
of
con… $ 6,481 $ 5,950 $ 531 $ —
and
aff…
com…
Adj…
to
rec…
pro…
to
net
cash
pro…
by
ope…
act…
Dep…
and 1,664 1,096 568 —
amo…
Pro…
(be…
for 300 308 -8 —
def…
inc…
tax…
Oth… 509 431 -412 490 1
Cha…
in
ass…
and
lia…
net
of
acq…
and
div…
Rec…
–
tra… -788 89 102 -979 1,2
and
oth…
Inv… -2,0… -2,0… — -3 1
Acc… 1,086 1,051 44 -9 1
pay…
Acc… 51 161 -110 —
exp…
Acc…
wag…
sal… -296 -284 -12 —
and
emp…
ben…
Cus… 1,649 1,649 — —
adv…
Oth…
ass… -138 -219 15 66 1
–
net
Oth…
lia… -355 -475 176 -56 1
–
net
Net
cash
pro…
by 8,148 7,745 894 -491
(us…
for)
ope…
act…
Cash
flow
from
inv…
act…
Cap…
exp…
–
exc… -1,9… -1,9… -33 30 1
equ…
lea…
to
oth…
Exp…
for
equ… -1,0… -24 -1,0… 7 1
lea…
to
oth…
Pro…
from
dis…
of
lea…
ass… 544 54 524 -34 1
and
pro…
pla…
and
equ…
Add…
to -10,… — -12,… 1,704 2
fin…
rec…
Col…
of 9,890 — 11,3… -1,4… 2
fin…
rec…
Net
int… — — -241 241 2
pur…
rec…
Pro…
from
sale 26 — 26 —
of
fin…
rec…
Add…
to
int…
rec…
(or… — -1,0… — 1,000 3
mat…
gre…
than
thr…
mon…
Col…
of
int…
rec…
(or… — — 56 -56 3
mat…
gre…
than
thr…
mon…
Inv…
and
acq…
(net -26 -26 — —
of
cash
acq…
Pro…
from
sale
of
bus…
and 12 12 — —
inv…
(net
of
cash
sol…
Pro…
from
mat…
and 1,945 1,259 686 —
sale
of
sec…
Inv…
in -1,2… -510 -781 —
sec…
Oth…
– -19 43 -62 —
net
Net
cash
pro…
by -2,8… -2,1… -2,1… 1,435
(us…
for)
inv…
act…
Cash
flow
from
fin…
act…
Div… -2,0… -2,0… — —
paid
Com…
sto…
iss…
and
oth… -39 -39 — —
sto…
com…
tra…
net
Pay…
to
pur… -4,8… -4,8… — —
com…
sto…
Exc…
tax
paid
on -73 -73 — —
pur…
of
com…
sto…
Pro…
from
int…
bor…
(or… — — 1,000 -1,0… 3
mat…
gre…
than
thr…
mon…
Pay…
on
int…
bor…
(or… — -56 — 56 3
mat…
gre…
than
thr…
mon…
Pro…
from
debt
iss…
(or… 8,454 1,976 6,478 —
mat…
gre…
than
thr…
mon…
Pay…
on
debt
(or…
mat… -6,2… -43 -6,1… —
gre…
than
thr…
mon…
Sho…
bor…
–
net
(or… 106 — 106 —
mat…
thr…
mon…
or
les…
Net
cash
pro…
by -4,6… -5,1… 1,422 -944
(us…
for)
fin…
act…
Eff…
of
exc…
rate -23 -39 16 —
cha…
on
cash
Inc…
(de…
in
cas…
cash 648 466 182 —
equ…
and
res…
cash
Cas…
cash
equ…
and
res… 6,896 6,170 726 —
cash
at
beg…
of
per…
Cas…
cash
equ…
and
res… $ 7,544 $ 6,636 $ 908 $ —
cash
at
end
of
per…
1 Elimination of non-cash adjustments and changes in assets and
liabilities related to consolidated reporting.
Reclassification of Financial Products’ cash flow activity from
2 investing to operating for receivables that arose from the sale of
inventory.
3 Elimination of proceeds and payments to/from MP&E and Financial
Products.
#