0000018230FALSE12/312022Q350http://fasb.org/us-gaap/2022#Revenueshttp://fasb.org/us-gaap/2022#Revenueshttp://fasb.org/us-gaap/2022#Revenueshttp://fasb.org/us-gaap/2022#Revenues00000182302022-01-012022-09-300000018230us-gaap:CommonStockMember2022-01-012022-09-300000018230cat:A8DebenturesDueFebruary152023Member2022-01-012022-09-300000018230cat:A5.3DebenturesDueSeptember152035Member2022-01-012022-09-3000000182302022-09-30xbrli:shares0000018230cat:MachineryEnergyTransportationMember2022-07-012022-09-30iso4217:USD0000018230cat:MachineryEnergyTransportationMember2021-07-012021-09-300000018230cat:FinancialProductsMember2022-07-012022-09-300000018230cat:FinancialProductsMember2021-07-012021-09-3000000182302022-07-012022-09-3000000182302021-07-012021-09-300000018230cat:AllOtherExcludingFinancialProductsMember2022-07-012022-09-300000018230cat:AllOtherExcludingFinancialProductsMember2021-07-012021-09-30iso4217:USDxbrli:shares0000018230cat:MachineryEnergyTransportationMember2022-01-012022-09-300000018230cat:MachineryEnergyTransportationMember2021-01-012021-09-300000018230cat:FinancialProductsMember2022-01-012022-09-300000018230cat:FinancialProductsMember2021-01-012021-09-3000000182302021-01-012021-09-300000018230cat:AllOtherExcludingFinancialProductsMember2022-01-012022-09-300000018230cat:AllOtherExcludingFinancialProductsMember2021-01-012021-09-3000000182302021-12-310000018230cat:MachineryEnergyTransportationMember2022-09-300000018230cat:MachineryEnergyTransportationMember2021-12-310000018230cat:FinancialProductsMember2022-09-300000018230cat:FinancialProductsMember2021-12-310000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-06-300000018230us-gaap:TreasuryStockMember2021-06-300000018230us-gaap:RetainedEarningsMember2021-06-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300000018230us-gaap:NoncontrollingInterestMember2021-06-3000000182302021-06-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-07-012021-09-300000018230us-gaap:TreasuryStockMember2021-07-012021-09-300000018230us-gaap:RetainedEarningsMember2021-07-012021-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300000018230us-gaap:NoncontrollingInterestMember2021-07-012021-09-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-09-300000018230us-gaap:TreasuryStockMember2021-09-300000018230us-gaap:RetainedEarningsMember2021-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-300000018230us-gaap:NoncontrollingInterestMember2021-09-3000000182302021-09-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-06-300000018230us-gaap:TreasuryStockMember2022-06-300000018230us-gaap:RetainedEarningsMember2022-06-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000018230us-gaap:NoncontrollingInterestMember2022-06-3000000182302022-06-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-07-012022-09-300000018230us-gaap:TreasuryStockMember2022-07-012022-09-300000018230us-gaap:RetainedEarningsMember2022-07-012022-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000018230us-gaap:NoncontrollingInterestMember2022-07-012022-09-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-09-300000018230us-gaap:TreasuryStockMember2022-09-300000018230us-gaap:RetainedEarningsMember2022-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300000018230us-gaap:NoncontrollingInterestMember2022-09-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-12-310000018230us-gaap:TreasuryStockMember2020-12-310000018230us-gaap:RetainedEarningsMember2020-12-310000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000018230us-gaap:NoncontrollingInterestMember2020-12-3100000182302020-12-310000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-01-012021-09-300000018230us-gaap:TreasuryStockMember2021-01-012021-09-300000018230us-gaap:RetainedEarningsMember2021-01-012021-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-09-300000018230us-gaap:NoncontrollingInterestMember2021-01-012021-09-300000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-12-310000018230us-gaap:TreasuryStockMember2021-12-310000018230us-gaap:RetainedEarningsMember2021-12-310000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000018230us-gaap:NoncontrollingInterestMember2021-12-310000018230us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-01-012022-09-300000018230us-gaap:TreasuryStockMember2022-01-012022-09-300000018230us-gaap:RetainedEarningsMember2022-01-012022-09-300000018230us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000018230us-gaap:NoncontrollingInterestMember2022-01-012022-09-3000000182302022-10-012022-09-30xbrli:pure0000018230cat:StockOptionsandShareAppreciationRightsSARsMember2022-01-012022-09-300000018230cat:StockOptionsandShareAppreciationRightsSARsMember2022-09-300000018230cat:StockOptionsandShareAppreciationRightsSARsMember2021-01-012021-09-300000018230cat:StockOptionsandShareAppreciationRightsSARsMember2021-09-300000018230us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-09-300000018230us-gaap:RestrictedStockUnitsRSUMember2022-09-300000018230us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-09-300000018230us-gaap:RestrictedStockUnitsRSUMember2021-09-300000018230us-gaap:PerformanceSharesMember2022-01-012022-09-300000018230us-gaap:PerformanceSharesMember2022-09-300000018230us-gaap:PerformanceSharesMember2021-01-012021-09-300000018230us-gaap:PerformanceSharesMember2021-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2021-12-310000018230us-gaap:DesignatedAsHedgingInstrumentMember2022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000018230us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-12-310000018230us-gaap:NondesignatedMemberus-gaap:CommodityContractMember2022-09-300000018230us-gaap:NondesignatedMemberus-gaap:CommodityContractMember2021-12-310000018230us-gaap:NondesignatedMember2022-09-300000018230us-gaap:NondesignatedMember2021-12-310000018230us-gaap:ForeignExchangeContractMembercat:FairValueUndesignatedHedgesMember2022-07-012022-09-300000018230us-gaap:ForeignExchangeContractMembercat:FairValueUndesignatedHedgesMember2021-07-012021-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-07-012022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2021-07-012021-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:InterestRateContractMember2022-07-012022-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:InterestRateContractMember2021-07-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2022-07-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2021-07-012021-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:CommodityContractMember2022-07-012022-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:CommodityContractMember2021-07-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMemberus-gaap:CashFlowHedgingMember2022-07-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMemberus-gaap:CashFlowHedgingMember2021-07-012021-09-300000018230cat:FairValueUndesignatedHedgesMember2022-07-012022-09-300000018230cat:FairValueUndesignatedHedgesMember2021-07-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-07-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2021-07-012021-09-300000018230us-gaap:ForeignExchangeContractMembercat:FairValueUndesignatedHedgesMember2022-01-012022-09-300000018230us-gaap:ForeignExchangeContractMembercat:FairValueUndesignatedHedgesMember2021-01-012021-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-01-012022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2021-01-012021-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:InterestRateContractMember2022-01-012022-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:InterestRateContractMember2021-01-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2022-01-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2021-01-012021-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:CommodityContractMember2022-01-012022-09-300000018230cat:FairValueUndesignatedHedgesMemberus-gaap:CommodityContractMember2021-01-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMemberus-gaap:CashFlowHedgingMember2022-01-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMemberus-gaap:CashFlowHedgingMember2021-01-012021-09-300000018230cat:FairValueUndesignatedHedgesMember2022-01-012022-09-300000018230cat:FairValueUndesignatedHedgesMember2021-01-012021-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-01-012022-09-300000018230us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2021-01-012021-09-300000018230cat:LongTermDebtDueWithinOneYearMember2022-09-300000018230cat:LongTermDebtDueWithinOneYearMember2021-12-310000018230cat:LongTermDebtDueAfterOneYearMember2022-09-300000018230cat:LongTermDebtDueAfterOneYearMember2021-12-310000018230us-gaap:CustomerRelationshipsMember2022-01-012022-09-300000018230us-gaap:CustomerRelationshipsMember2022-09-300000018230us-gaap:DevelopedTechnologyRightsMember2022-01-012022-09-300000018230us-gaap:DevelopedTechnologyRightsMember2022-09-300000018230us-gaap:OtherIntangibleAssetsMember2022-01-012022-09-300000018230us-gaap:OtherIntangibleAssetsMember2022-09-300000018230us-gaap:CustomerRelationshipsMember2021-01-012021-12-310000018230us-gaap:CustomerRelationshipsMember2021-12-310000018230us-gaap:DevelopedTechnologyRightsMember2021-01-012021-12-310000018230us-gaap:DevelopedTechnologyRightsMember2021-12-310000018230us-gaap:OtherIntangibleAssetsMember2021-01-012021-12-310000018230us-gaap:OtherIntangibleAssetsMember2021-12-3100000182302021-01-012021-12-310000018230cat:ConstructionIndustriesMember2021-12-310000018230cat:ConstructionIndustriesMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMember2022-09-300000018230cat:ResourceIndustriesMember2021-12-310000018230cat:ResourceIndustriesMember2022-01-012022-09-300000018230cat:ResourceIndustriesMember2022-09-300000018230cat:EnergyandTransportationMember2021-12-310000018230cat:EnergyandTransportationMember2022-01-012022-09-300000018230cat:EnergyandTransportationMember2022-09-300000018230cat:OtherSegmentsMember2021-12-310000018230cat:OtherSegmentsMember2022-01-012022-09-300000018230cat:OtherSegmentsMember2022-09-300000018230us-gaap:USTreasurySecuritiesMember2022-09-300000018230us-gaap:USTreasurySecuritiesMember2021-12-310000018230cat:OtherUSGovernmentAndNonUSGovernmentDebtMember2022-09-300000018230cat:OtherUSGovernmentAndNonUSGovernmentDebtMember2021-12-310000018230us-gaap:CorporateBondSecuritiesMember2022-09-300000018230us-gaap:CorporateBondSecuritiesMember2021-12-310000018230us-gaap:AssetBackedSecuritiesMember2022-09-300000018230us-gaap:AssetBackedSecuritiesMember2021-12-310000018230us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-09-300000018230us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310000018230us-gaap:ResidentialMortgageBackedSecuritiesMember2022-09-300000018230us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000018230us-gaap:CommercialMortgageBackedSecuritiesMember2022-09-300000018230us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000018230us-gaap:BankTimeDepositsMember2022-09-300000018230us-gaap:BankTimeDepositsMember2021-12-310000018230country:US2022-07-012022-09-300000018230country:US2021-07-012021-09-300000018230us-gaap:ForeignPlanMember2022-07-012022-09-300000018230us-gaap:ForeignPlanMember2021-07-012021-09-300000018230us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-07-012022-09-300000018230us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-07-012021-09-300000018230country:US2022-01-012022-09-300000018230country:US2021-01-012021-09-300000018230us-gaap:ForeignPlanMember2022-01-012022-09-300000018230us-gaap:ForeignPlanMember2021-01-012021-09-300000018230us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-09-300000018230us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-01-012021-09-300000018230us-gaap:PensionPlansDefinedBenefitMember2022-07-012022-09-300000018230us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-09-300000018230cat:GuaranteeWithDealerMember2022-09-300000018230cat:GuaranteeWithDealerMember2021-12-310000018230cat:CustomerGuaranteesSupplierConsortiumMember2022-09-300000018230cat:CustomerGuaranteesSupplierConsortiumMember2021-12-310000018230us-gaap:GuaranteeTypeOtherMember2022-09-300000018230us-gaap:GuaranteeTypeOtherMember2021-12-310000018230us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-09-300000018230us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310000018230cat:A2018AuthorizationProgramMember2018-07-010000018230cat:A2022AuthorizationProgramMember2022-05-120000018230cat:A2018AuthorizationProgramMember2022-09-300000018230cat:A2022AuthorizationProgramMember2022-09-300000018230cat:IRSinvestigationMember2017-03-022017-03-030000018230us-gaap:InternalRevenueServiceIRSMembersrt:MinimumMember2022-01-012022-09-300000018230us-gaap:InternalRevenueServiceIRSMembersrt:MaximumMember2022-01-012022-09-300000018230us-gaap:InternalRevenueServiceIRSMember2022-09-300000018230us-gaap:InternalRevenueServiceIRSMember2022-01-012022-09-30cat:group_presidents0000018230us-gaap:ReportableSubsegmentsMember2022-01-012022-09-30cat:segments0000018230cat:NonreportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMembersrt:NorthAmericaMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230us-gaap:ReportableSubsegmentsMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:NorthAmericaMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:MaterialReconcilingItemsMember2022-07-012022-09-300000018230cat:OtherSegmentsMember2022-07-012022-09-300000018230us-gaap:CorporateNonSegmentMembersrt:NorthAmericaMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230srt:LatinAmericaMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230us-gaap:EMEAMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230us-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230us-gaap:IntersegmentEliminationMemberus-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230us-gaap:IntersubsegmentEliminationsMember2022-07-012022-09-300000018230srt:NorthAmericaMember2022-07-012022-09-300000018230srt:LatinAmericaMember2022-07-012022-09-300000018230us-gaap:EMEAMember2022-07-012022-09-300000018230srt:AsiaPacificMember2022-07-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMembersrt:NorthAmericaMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230us-gaap:ReportableSubsegmentsMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:NorthAmericaMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMember2021-07-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:MaterialReconcilingItemsMember2021-07-012021-09-300000018230cat:OtherSegmentsMember2021-07-012021-09-300000018230us-gaap:CorporateNonSegmentMembersrt:NorthAmericaMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230srt:LatinAmericaMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230us-gaap:EMEAMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230us-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230us-gaap:IntersegmentEliminationMemberus-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230us-gaap:IntersubsegmentEliminationsMember2021-07-012021-09-300000018230srt:NorthAmericaMember2021-07-012021-09-300000018230srt:LatinAmericaMember2021-07-012021-09-300000018230us-gaap:EMEAMember2021-07-012021-09-300000018230srt:AsiaPacificMember2021-07-012021-09-300000018230cat:FinancialProductsSegmentMember2022-07-012022-09-300000018230cat:FinancialProductsSegmentMember2021-07-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMembersrt:NorthAmericaMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:NorthAmericaMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300000018230cat:OtherSegmentsMemberus-gaap:MaterialReconcilingItemsMember2022-01-012022-09-300000018230us-gaap:CorporateNonSegmentMembersrt:NorthAmericaMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230srt:LatinAmericaMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230us-gaap:EMEAMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230us-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230us-gaap:IntersegmentEliminationMemberus-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230us-gaap:IntersubsegmentEliminationsMember2022-01-012022-09-300000018230srt:NorthAmericaMember2022-01-012022-09-300000018230srt:LatinAmericaMember2022-01-012022-09-300000018230us-gaap:EMEAMember2022-01-012022-09-300000018230srt:AsiaPacificMember2022-01-012022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:MaterialReconcilingItemsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMembersrt:NorthAmericaMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembersrt:NorthAmericaMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:LatinAmericaMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:EMEAMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:MaterialReconcilingItemsMemberus-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230us-gaap:ReportableSubsegmentsMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:NorthAmericaMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:LatinAmericaMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMemberus-gaap:EMEAMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMembersrt:AsiaPacificMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:OperatingSegmentsMember2021-01-012021-09-300000018230cat:OtherSegmentsMemberus-gaap:MaterialReconcilingItemsMember2021-01-012021-09-300000018230cat:OtherSegmentsMember2021-01-012021-09-300000018230us-gaap:CorporateNonSegmentMembersrt:NorthAmericaMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230srt:LatinAmericaMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230us-gaap:EMEAMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230us-gaap:CorporateNonSegmentMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230us-gaap:IntersegmentEliminationMemberus-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230us-gaap:IntersubsegmentEliminationsMember2021-01-012021-09-300000018230srt:NorthAmericaMember2021-01-012021-09-300000018230srt:LatinAmericaMember2021-01-012021-09-300000018230us-gaap:EMEAMember2021-01-012021-09-300000018230srt:AsiaPacificMember2021-01-012021-09-300000018230cat:FinancialProductsSegmentMember2022-01-012022-09-300000018230cat:FinancialProductsSegmentMember2021-01-012021-09-300000018230cat:EnergyandTransportationMembercat:OilAndGasCustomerMember2022-07-012022-09-300000018230cat:EnergyandTransportationMembercat:OilAndGasCustomerMember2021-07-012021-09-300000018230cat:EnergyandTransportationMembercat:OilAndGasCustomerMember2022-01-012022-09-300000018230cat:EnergyandTransportationMembercat:OilAndGasCustomerMember2021-01-012021-09-300000018230cat:PowergenerationMembercat:EnergyandTransportationMember2022-07-012022-09-300000018230cat:PowergenerationMembercat:EnergyandTransportationMember2021-07-012021-09-300000018230cat:PowergenerationMembercat:EnergyandTransportationMember2022-01-012022-09-300000018230cat:PowergenerationMembercat:EnergyandTransportationMember2021-01-012021-09-300000018230cat:IndustrialMembercat:EnergyandTransportationMember2022-07-012022-09-300000018230cat:IndustrialMembercat:EnergyandTransportationMember2021-07-012021-09-300000018230cat:IndustrialMembercat:EnergyandTransportationMember2022-01-012022-09-300000018230cat:IndustrialMembercat:EnergyandTransportationMember2021-01-012021-09-300000018230cat:TransportationMembercat:EnergyandTransportationMember2022-07-012022-09-300000018230cat:TransportationMembercat:EnergyandTransportationMember2021-07-012021-09-300000018230cat:TransportationMembercat:EnergyandTransportationMember2022-01-012022-09-300000018230cat:TransportationMembercat:EnergyandTransportationMember2021-01-012021-09-300000018230cat:EnergyandTransportationMember2022-07-012022-09-300000018230cat:EnergyandTransportationMember2021-07-012021-09-300000018230cat:EnergyandTransportationMember2021-01-012021-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2021-07-012021-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2021-01-012021-09-300000018230cat:CostCentersMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:CostCentersMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:CostCentersMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:CostCentersMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:CorporateCostsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:CorporateCostsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:CorporateCostsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:CorporateCostsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:TimingReconcilingItemMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:TimingReconcilingItemMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:TimingReconcilingItemMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:TimingReconcilingItemMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:RestructuringCostsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:RestructuringCostsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:RestructuringCostsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:RestructuringCostsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:InventoryCostofSalesMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:InventoryCostofSalesMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:InventoryCostofSalesMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:InventoryCostofSalesMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:PostretirementBenefitsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:PostretirementBenefitsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:PostretirementBenefitsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:PostretirementBenefitsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:StockBasedCompensationExpenseMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:StockBasedCompensationExpenseMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:StockBasedCompensationExpenseMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:StockBasedCompensationExpenseMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:FinancingCostsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:FinancingCostsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:FinancingCostsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:FinancingCostsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:CurrencyMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:CurrencyMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:CurrencyMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:CurrencyMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:OtherIncomeExpenseReconcilingDifferencesMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:OtherIncomeExpenseReconcilingDifferencesMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:OtherIncomeExpenseReconcilingDifferencesMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:OtherIncomeExpenseReconcilingDifferencesMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-09-300000018230cat:ConstructionIndustriesMemberus-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-12-310000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2022-09-300000018230us-gaap:OperatingSegmentsMembercat:ResourceIndustriesMemberus-gaap:ReportableSubsegmentsMember2021-12-310000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2022-09-300000018230us-gaap:OperatingSegmentsMembercat:EnergyandTransportationMemberus-gaap:ReportableSubsegmentsMember2021-12-310000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMembercat:FinancialProductsSegmentMember2021-12-310000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2022-09-300000018230us-gaap:OperatingSegmentsMemberus-gaap:ReportableSubsegmentsMember2021-12-310000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2022-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:OperatingSegmentsMember2021-12-310000018230cat:CashandShortTermInvestmentsMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:CashandShortTermInvestmentsMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230cat:DeferredIncomeTaxesReconcilingItemMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:DeferredIncomeTaxesReconcilingItemMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230cat:GoodwillandIntangibleAssetsReconcilingItemMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:GoodwillandIntangibleAssetsReconcilingItemMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230cat:PropertyPlantandEquipmentNetandOtherAssetsReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:PropertyPlantandEquipmentNetandOtherAssetsReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230us-gaap:IntersegmentEliminationMember2022-09-300000018230us-gaap:IntersegmentEliminationMember2021-12-310000018230cat:LiabilitiesIncludedinSegmentAssetsReconcilingItemMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:LiabilitiesIncludedinSegmentAssetsReconcilingItemMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2022-09-300000018230cat:OtherReconcilingItemsMemberus-gaap:IntersegmentEliminationMember2021-12-310000018230cat:NonreportableSubsegmentsMemberus-gaap:IntersegmentEliminationMember2022-07-012022-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:IntersegmentEliminationMember2021-07-012021-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-09-300000018230cat:NonreportableSubsegmentsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2022-06-300000018230cat:FinanceReceivableMembercat:DealerMember2022-06-300000018230cat:FinanceReceivableMember2022-06-300000018230cat:CustomerMembercat:FinanceReceivableMember2021-06-300000018230cat:FinanceReceivableMembercat:DealerMember2021-06-300000018230cat:FinanceReceivableMember2021-06-300000018230cat:CustomerMembercat:FinanceReceivableMember2022-07-012022-09-300000018230cat:FinanceReceivableMembercat:DealerMember2022-07-012022-09-300000018230cat:FinanceReceivableMember2022-07-012022-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2021-07-012021-09-300000018230cat:FinanceReceivableMembercat:DealerMember2021-07-012021-09-300000018230cat:FinanceReceivableMember2021-07-012021-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2022-09-300000018230cat:FinanceReceivableMembercat:DealerMember2022-09-300000018230cat:FinanceReceivableMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2021-09-300000018230cat:FinanceReceivableMembercat:DealerMember2021-09-300000018230cat:FinanceReceivableMember2021-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2021-12-310000018230cat:FinanceReceivableMembercat:DealerMember2021-12-310000018230cat:FinanceReceivableMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMember2020-12-310000018230cat:FinanceReceivableMembercat:DealerMember2020-12-310000018230cat:FinanceReceivableMember2020-12-310000018230cat:CustomerMembercat:FinanceReceivableMember2022-01-012022-09-300000018230cat:FinanceReceivableMembercat:DealerMember2022-01-012022-09-300000018230cat:FinanceReceivableMember2022-01-012022-09-300000018230cat:CustomerMembercat:FinanceReceivableMember2021-01-012021-09-300000018230cat:FinanceReceivableMembercat:DealerMember2021-01-012021-09-300000018230cat:FinanceReceivableMember2021-01-012021-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2022-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2022-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:CurrentMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivables61to90DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2022-09-300000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2022-09-300000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMembercat:MiningMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMembercat:MiningMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMembercat:MiningMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMembercat:MiningMember2022-09-300000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2022-09-300000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2022-09-300000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMembercat:CaterpillarPowerFinanceMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMembercat:CaterpillarPowerFinanceMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2022-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2021-12-310000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2021-12-310000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:CurrentMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivables61to90DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2021-12-310000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2021-12-310000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMembercat:MiningMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMembercat:MiningMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMembercat:MiningMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMembercat:MiningMember2021-12-310000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2021-12-310000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2021-12-310000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMembercat:CaterpillarPowerFinanceMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMembercat:CaterpillarPowerFinanceMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CurrentMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables31to60DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivables61to90DaysPastDueMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:FinancingReceivablesEqualtoGreaterthan91DaysPastDueMember2021-12-310000018230srt:LatinAmericaMembercat:DealerMembercat:FinancingReceivablesEqualToOrGreaterThan31DaysPastDueMember2022-09-300000018230srt:LatinAmericaMembercat:DealerMembercat:FinancingReceivablesEqualToOrGreaterThan31DaysPastDueMember2021-12-310000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMember2022-09-300000018230srt:NorthAmericaMembercat:CustomerMembercat:FinanceReceivableMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMemberus-gaap:EMEAMember2021-12-310000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMember2022-09-300000018230srt:AsiaPacificMembercat:CustomerMembercat:FinanceReceivableMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:MiningMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:MiningMember2021-12-310000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMember2022-09-300000018230srt:LatinAmericaMembercat:CustomerMembercat:FinanceReceivableMember2021-12-310000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMember2022-09-300000018230cat:CustomerMembercat:FinanceReceivableMembercat:CaterpillarPowerFinanceMember2021-12-310000018230cat:CustomerMember2022-07-012022-09-300000018230cat:CustomerMember2021-07-012021-09-300000018230cat:CustomerMember2022-01-012022-09-300000018230cat:CustomerMember2021-01-012021-09-300000018230srt:LatinAmericaMembercat:FinanceReceivableMembercat:DealerMember2022-09-300000018230srt:LatinAmericaMembercat:FinanceReceivableMembercat:DealerMember2021-12-310000018230cat:DealerMember2022-01-012022-09-300000018230cat:DealerMember2022-07-012022-09-300000018230cat:DealerMember2021-01-012021-09-300000018230cat:DealerMember2021-07-012021-09-30cat:Contracts0000018230srt:NorthAmericaMembercat:CustomerMember2022-07-012022-09-300000018230srt:NorthAmericaMembercat:CustomerMember2021-07-012021-09-300000018230cat:CustomerMemberus-gaap:EMEAMember2022-07-012022-09-300000018230cat:CustomerMemberus-gaap:EMEAMember2021-07-012021-09-300000018230srt:AsiaPacificMembercat:CustomerMember2022-07-012022-09-300000018230srt:AsiaPacificMembercat:CustomerMember2021-07-012021-09-300000018230cat:CustomerMembercat:MiningMember2022-07-012022-09-300000018230cat:CustomerMembercat:MiningMember2021-07-012021-09-300000018230srt:LatinAmericaMembercat:CustomerMember2022-07-012022-09-300000018230srt:LatinAmericaMembercat:CustomerMember2021-07-012021-09-300000018230cat:CustomerMembercat:CaterpillarPowerFinanceMember2022-07-012022-09-300000018230cat:CustomerMembercat:CaterpillarPowerFinanceMember2021-07-012021-09-300000018230srt:NorthAmericaMembercat:CustomerMember2022-01-012022-09-300000018230srt:NorthAmericaMembercat:CustomerMember2021-01-012021-09-300000018230cat:CustomerMemberus-gaap:EMEAMember2022-01-012022-09-300000018230cat:CustomerMemberus-gaap:EMEAMember2021-01-012021-09-300000018230srt:AsiaPacificMembercat:CustomerMember2022-01-012022-09-300000018230srt:AsiaPacificMembercat:CustomerMember2021-01-012021-09-300000018230cat:CustomerMembercat:MiningMember2022-01-012022-09-300000018230cat:CustomerMembercat:MiningMember2021-01-012021-09-300000018230srt:LatinAmericaMembercat:CustomerMember2022-01-012022-09-300000018230srt:LatinAmericaMembercat:CustomerMember2021-01-012021-09-300000018230cat:CustomerMembercat:CaterpillarPowerFinanceMember2022-01-012022-09-300000018230cat:CustomerMembercat:CaterpillarPowerFinanceMember2021-01-012021-09-300000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membercat:OtherUSGovernmentAndNonUSGovernmentDebtMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMembercat:OtherUSGovernmentAndNonUSGovernmentDebtMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateBondSecuritiesMember2022-09-300000018230us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-09-300000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercat:LargeCapitalizationMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMembercat:LargeCapitalizationMember2022-09-300000018230cat:SmallerCompanyMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230cat:SmallerCompanyMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercat:REITMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMembercat:REITMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2022-09-300000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membercat:OtherUSGovernmentAndNonUSGovernmentDebtMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMembercat:OtherUSGovernmentAndNonUSGovernmentDebtMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateBondSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMember2021-12-310000018230us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercat:LargeCapitalizationMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMembercat:LargeCapitalizationMember2021-12-310000018230cat:SmallerCompanyMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000018230cat:SmallerCompanyMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercat:REITMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMembercat:REITMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000018230us-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2021-12-310000018230us-gaap:FairValueInputsLevel3Membercat:FinancialProductsMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-300000018230us-gaap:FairValueInputsLevel3Membercat:FinancialProductsMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000018230us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-300000018230us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-09-300000018230us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000018230us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-12-310000018230cat:MachineryEnergyTransportationMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-300000018230us-gaap:EstimateOfFairValueFairValueDisclosureMembercat:MachineryEnergyTransportationMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230cat:MachineryEnergyTransportationMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000018230us-gaap:EstimateOfFairValueFairValueDisclosureMembercat:MachineryEnergyTransportationMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230cat:FinancialProductsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-300000018230us-gaap:EstimateOfFairValueFairValueDisclosureMembercat:FinancialProductsMemberus-gaap:FairValueInputsLevel2Member2022-09-300000018230cat:FinancialProductsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000018230us-gaap:EstimateOfFairValueFairValueDisclosureMembercat:FinancialProductsMemberus-gaap:FairValueInputsLevel2Member2021-12-310000018230us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember2022-09-300000018230us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember2021-12-310000018230us-gaap:EmployeeSeveranceMemberus-gaap:OtherOperatingIncomeExpenseMember2022-07-012022-09-300000018230us-gaap:EmployeeSeveranceMemberus-gaap:OtherOperatingIncomeExpenseMember2021-07-012021-09-300000018230us-gaap:EmployeeSeveranceMemberus-gaap:OtherOperatingIncomeExpenseMember2022-01-012022-09-300000018230us-gaap:EmployeeSeveranceMemberus-gaap:OtherOperatingIncomeExpenseMember2021-01-012021-09-300000018230us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:ContractTerminationMember2022-07-012022-09-300000018230us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:ContractTerminationMember2021-07-012021-09-300000018230us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:ContractTerminationMember2022-01-012022-09-300000018230us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:ContractTerminationMember2021-01-012021-09-300000018230cat:LonglivedassetimpairmentsMemberus-gaap:OtherOperatingIncomeExpenseMember2022-07-012022-09-300000018230cat:LonglivedassetimpairmentsMemberus-gaap:OtherOperatingIncomeExpenseMember2021-07-012021-09-300000018230cat:LonglivedassetimpairmentsMemberus-gaap:OtherOperatingIncomeExpenseMember2022-01-012022-09-300000018230cat:LonglivedassetimpairmentsMemberus-gaap:OtherOperatingIncomeExpenseMember2021-01-012021-09-300000018230us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2022-07-012022-09-300000018230us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2021-07-012021-09-300000018230us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2022-01-012022-09-300000018230us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2021-01-012021-09-30

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Delaware

37-0602744

(State or other jurisdiction of incorporation)

(IRS Employer I.D. No.)

5205 N. O'Connor Boulevard,

Suite 100,

Irving,

Texas

75039

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (972) 891-7700 

Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report: N/A

Title of each class			Trading Symbol (s)			Name of each exchange on which registered
Common Stock ($1.00 par value)			CAT			New York Stock Exchange			¹
8% Debentures due February 15, 2023			CAT23			New York Stock Exchange
5.3% Debentures due September 15, 2035			CAT35			New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ☒    No  ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☒   No ☐

Large accelerated filer			☒			Accelerated filer			☐
Non-accelerated filer			☐			Smaller reporting company			☐
						Emerging growth company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐  No ☒

Part I. Financial Information
Item 1.			Financial Statements			3
Item 2.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			45
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			75
Item 4.			Controls and Procedures			75
Part II. Other Information
Item 1.			Legal Proceedings			76
Item 1A.			Risk Factors			76
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			76
Item 3.			Defaults Upon Senior Securities			*
Item 4.			Mine Safety Disclosures			*
Item 5.			Other Information			*
Item 6.			Exhibits			77

			Three Months Ended September 30
			2022						2021
Sales and revenues:
Sales of Machinery, Energy & Transportation			$	14,278					$	11,707
Revenues of Financial Products			716						690
Total sales and revenues			14,994						12,397
Operating costs:
Cost of goods sold			10,202						8,617
Selling, general and administrative expenses			1,401						1,340
Research and development expenses			476						427
Interest expense of Financial Products			151						111
Other operating (income) expenses			339						238
Total operating costs			12,569						10,733
Operating profit			2,425						1,664
Interest expense excluding Financial Products			109						114
Other income (expense)			242						225
Consolidated profit before taxes			2,558						1,775
Provision (benefit) for income taxes			527						368
Profit of consolidated companies			2,031						1,407
Equity in profit (loss) of unconsolidated affiliated companies			9						21
Profit of consolidated and affiliated companies			2,040						1,428
Less: Profit (loss) attributable to noncontrolling interests			(1)						2
Profit 1			$	2,041					$	1,426
Profit per common share			$	3.89					$	2.62
Profit per common share – diluted 2			$	3.87					$	2.60
Weighted-average common shares outstanding (millions)
– Basic			525.0						544.0
– Diluted 2			527.6						547.6

			Three Months Ended September 30
			2022						2021
Profit of consolidated and affiliated companies			$	2,040					$	1,428
Other comprehensive income (loss), net of tax (Note 13):
Foreign currency translation:			(618)						(242)
Pension and other postretirement benefits:			(1)						(8)
Derivative financial instruments:			(191)						(31)
Available-for-sale securities:			(44)						(5)
Total other comprehensive income (loss), net of tax			(854)						(286)
Comprehensive income			1,186						1,142
Less: comprehensive income attributable to the noncontrolling interests			(1)						2
Comprehensive income attributable to shareholders			$	1,187					$	1,140

			Nine Months Ended September 30
			2022						2021
Sales and revenues:
Sales of Machinery, Energy & Transportation			$	40,703					$	35,091
Revenues of Financial Products			2,127						2,082
Total sales and revenues			42,830						37,173
Operating costs:
Cost of goods sold			29,736						25,510
Selling, general and administrative expenses			4,172						3,943
Research and development expenses			1,413						1,247
Interest expense of Financial Products			377						352
Other operating (income) expenses			908						854
Total operating costs			36,606						31,906
Operating profit			6,224						5,267
Interest expense excluding Financial Products			326						376
Other income (expense)			755						751
Consolidated profit before taxes			6,653						5,642
Provision (benefit) for income taxes			1,423						1,313
Profit of consolidated companies			5,230						4,329
Equity in profit (loss) of unconsolidated affiliated companies			20						44
Profit of consolidated and affiliated companies			5,250						4,373
Less: Profit (loss) attributable to noncontrolling interests			(1)						4
Profit 1			$	5,251					$	4,369
Profit per common share			$	9.91					$	8.00
Profit per common share – diluted 2			$	9.85					$	7.94
Weighted-average common shares outstanding (millions)
– Basic			530.1						545.8
– Diluted 2			533.2						550.2

			Nine Months Ended September 30
			2022						2021
Profit of consolidated and affiliated companies			$	5,250					$	4,373
Other comprehensive income (loss), net of tax (Note 13):
Foreign currency translation:			(1,392)						(490)
Pension and other postretirement benefits:			(3)						(23)
Derivative financial instruments:			(254)						(19)
Available-for-sale securities:			(151)						(20)
Total other comprehensive income (loss), net of tax			(1,800)						(552)
Comprehensive income			3,450						3,821
Less: comprehensive income attributable to the noncontrolling interests			(1)						4
Comprehensive income attributable to shareholders			$	3,451					$	3,817

			September 30, 2022						December 31, 2021
Assets
Current assets:
Cash and cash equivalents			$	6,346					$	9,254
Receivables – trade and other			8,158						8,477
Receivables – finance			8,918						8,898
Prepaid expenses and other current assets			2,295						2,788
Inventories			16,860						14,038
Total current assets			42,577						43,455
Property, plant and equipment – net			11,643						12,090
Long-term receivables – trade and other			1,278						1,204
Long-term receivables – finance			11,859						12,707
Noncurrent deferred and refundable income taxes			2,218						1,840
Intangible assets			806						1,042
Goodwill			6,092						6,324
Other assets			4,434						4,131
Total assets			$	80,907					$	82,793
Liabilities
Current liabilities:
Short-term borrowings:
Machinery, Energy & Transportation			$	3					$	9
Financial Products			4,199						5,395
Accounts payable			8,260						8,154
Accrued expenses			4,013						3,757
Accrued wages, salaries and employee benefits			2,204						2,242
Customer advances			1,831						1,087
Dividends payable			—						595
Other current liabilities			2,878						2,256
Long-term debt due within one year:
Machinery, Energy & Transportation			120						45
Financial Products			6,694						6,307
Total current liabilities			30,202						29,847
Long-term debt due after one year:
Machinery, Energy & Transportation			9,479						9,746
Financial Products			16,030						16,287
Liability for postemployment benefits			5,038						5,592
Other liabilities			4,536						4,805
Total liabilities			65,285						66,277
Commitments and contingencies (Notes 11 and 14)
Shareholders’ equity
Common stock of $1.00 par value:
Authorized shares: 2,000,000,000 Issued shares: (9/30/22 and 12/31/21 – 814,894,624) at paid-in amount			6,523						6,398
Treasury stock: (9/30/22 – 294,485,269 shares; 12/31/21 – 279,006,573 shares) at cost			(30,883)						(27,643)
Profit employed in the business			43,304						39,282
Accumulated other comprehensive income (loss)			(3,353)						(1,553)
Noncontrolling interests			31						32
Total shareholders’ equity			15,622						16,516
Total liabilities and shareholders’ equity			$	80,907					$	82,793

			Common stock						Treasury stock						Profit employed in the business						Accumulated other comprehensive income (loss)						Noncontrolling interests						Total
Three Months Ended September 30, 2021
Balance at June 30, 2021			$	6,293					$	(25,240)					$	36,934					$	(1,154)					$	47					$	16,880
Profit of consolidated and affiliated companies			—						—						1,426						—						2						1,428
Foreign currency translation, net of tax			—						—						—						(242)						—						(242)
Pension and other postretirement benefits, net of tax			—						—						—						(8)						—						(8)
Derivative financial instruments, net of tax			—						—						—						(31)						—						(31)
Available-for-sale securities, net of tax			—						—						—						(5)						—						(5)
Change in ownership from noncontrolling interests			—						—						—						—						(16)						(16)
Dividends declared			—						—						1						—						—						1
Distribution to noncontrolling interests			—						—						—						—						(2)						(2)
Common shares issued from treasury stock for stock-based compensation: 80,571			(5)						4						—						—						—						(1)
Stock-based compensation expense			58						—						—						—						—						58
Common shares repurchased: 6,610,438 1			—						(1,371)						—						—						—						(1,371)
Other			6						(1)						—						—						(1)						4
Balance at September 30, 2021			$	6,352					$	(26,608)					$	38,361					$	(1,440)					$	30					$	16,695
Three Months Ended September 30, 2022
Balance at June 30, 2022			$	6,464					$	(29,501)					$	41,263					$	(2,499)					$	32					$	15,759
Profit of consolidated and affiliated companies			—						—						2,041						—						(1)						2,040
Foreign currency translation, net of tax			—						—						—						(618)						—						(618)
Pension and other postretirement benefits, net of tax			—						—						—						(1)						—						(1)
Derivative financial instruments, net of tax			—						—						—						(191)						—						(191)
Available-for-sale securities, net of tax			—						—						—						(44)						—						(44)
Common shares issued from treasury stock for stock-based compensation: 75,534			(5)						4						—						—						—						(1)
Stock-based compensation expense			55						—						—						—						—						55
Common shares repurchased: 7,575,322 1			—						(1,385)						—						—						—						(1,385)
Other			9						(1)						—						—						—						8
Balance at September 30, 2022			$	6,523					$	(30,883)					$	43,304					$	(3,353)					$	31					$	15,622

1 See Note 12 for additional information.

			Common stock						Treasury stock						Profit employed in the business						Accumulated other comprehensive income (loss)						Noncontrolling interests						Total
Nine Months Ended September 30, 2021
Balance at December 31, 2020			$	6,230					$	(25,178)					$	35,167					$	(888)					$	47					$	15,378
Profit of consolidated and affiliated companies			—						—						4,369						—						4						4,373
Foreign currency translation, net of tax			—						—						—						(490)						—						(490)
Pension and other postretirement benefits, net of tax			—						—						—						(23)						—						(23)
Derivative financial instruments, net of tax			—						—						—						(19)						—						(19)
Available-for-sale securities, net of tax			—						—						—						(20)						—						(20)
Change in ownership from noncontrolling interests			—						—						—						—						(16)						(16)
Dividends declared 1			—						—						(1,175)						—						—						(1,175)
Distribution to noncontrolling interests			—						—						—						—						(4)						(4)
Common shares issued from treasury stock for stock-based compensation: 3,410,146			(70)						192						—						—						—						122
Stock-based compensation expense			169						—						—						—						—						169
Common shares repurchased: 7,772,393 2			—						(1,622)						—						—						—						(1,622)
Other			23						—						—						—						(1)						22
Balance at September 30, 2021			$	6,352					$	(26,608)					$	38,361					$	(1,440)					$	30					$	16,695
Nine Months Ended September 30, 2022
Balance at December 31, 2021			$	6,398					$	(27,643)					$	39,282					$	(1,553)					$	32					$	16,516
Profit of consolidated and affiliated companies			—						—						5,251						—						(1)						5,250
Foreign currency translation, net of tax			—						—						—						(1,392)						—						(1,392)
Pension and other postretirement benefits, net of tax			—						—						—						(3)						—						(3)
Derivative financial instruments, net of tax			—						—						—						(254)						—						(254)
Available-for-sale securities, net of tax			—						—						—						(151)						—						(151)
Dividends declared 1			—						—						(1,229)						—						—						(1,229)
Common shares issued from treasury stock for stock-based compensation: 1,529,753			(67)						69						—						—						—						2
Stock-based compensation expense			162						—						—						—						—						162
Common shares repurchased: 17,007,819 2			—						(3,309)						—						—						—						(3,309)
Other			30						—						—						—						—						30
Balance at September 30, 2022			$	6,523					$	(30,883)					$	43,304					$	(3,353)					$	31					$	15,622

1 Dividends per share of common stock of $2.31 and $2.14 were declared in the nine months ended September 30, 2022 and 2021, respectively.

2 See Note 12 for additional information.

			Nine Months Ended September 30
			2022						2021
Cash flow from operating activities:
Profit of consolidated and affiliated companies			$	5,250					$	4,373
Adjustments for non-cash items:
Depreciation and amortization			1,661						1,766
Provision (benefit) for deferred income taxes			(349)						(321)
Other			132						102
Changes in assets and liabilities, net of acquisitions and divestitures:
Receivables – trade and other			365						(326)
Inventories			(3,088)						(2,195)
Accounts payable			786						1,232
Accrued expenses			70						46
Accrued wages, salaries and employee benefits			15						934
Customer advances			751						39
Other assets – net			57						138
Other liabilities – net			(623)						(2)
Net cash provided by (used for) operating activities			5,027						5,786
Cash flow from investing activities:
Capital expenditures – excluding equipment leased to others			(868)						(673)
Expenditures for equipment leased to others			(1,023)						(1,014)
Proceeds from disposals of leased assets and property, plant and equipment			666						877
Additions to finance receivables			(9,914)						(9,603)
Collections of finance receivables			9,738						9,221
Proceeds from sale of finance receivables			50						44
Investments and acquisitions (net of cash acquired)			(44)						(449)
Proceeds from sale of businesses and investments (net of cash sold)			1						23
Proceeds from sale of securities			2,080						424
Investments in securities			(2,399)						(934)
Other – net			15						(8)
Net cash provided by (used for) investing activities			(1,698)						(2,092)
Cash flow from financing activities:
Dividends paid			(1,820)						(1,733)
Common stock issued, including treasury shares reissued			2						122
Common shares repurchased			(3,309)						(1,622)
Proceeds from debt issued (original maturities greater than three months):
Machinery, Energy & Transportation			—						494
Financial Products			5,570						6,437
Payments on debt (original maturities greater than three months):
Machinery, Energy & Transportation			(20)						(1,910)
Financial Products			(5,269)						(6,710)
Short-term borrowings – net (original maturities three months or less)			(1,311)						1,324
Other – net			(1)						(4)
Net cash provided by (used for) financing activities			(6,158)						(3,602)
Effect of exchange rate changes on cash			(79)						(9)
Increase (decrease) in cash, cash equivalents and restricted cash			(2,908)						83
Cash, cash equivalents and restricted cash at beginning of period			9,263						9,366
Cash, cash equivalents and restricted cash at end of period			$	6,355					$	9,449

Machinery, Energy & Transportation (ME&T) – We define ME&T as Caterpillar Inc. and its subsidiaries, excluding Financial Products. ME&T’s information relates to the design, manufacturing and marketing of our products.

Financial Products – We define Financial Products as our 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.

ASU			Description
2020-06			Debt with conversion and other options and derivatives and hedging
2021-05			Lessor - Variable lease payments
2021-10			Government assistance

			Nine Months Ended September 30, 2022																		Nine Months Ended September 30, 2021
			Shares Granted						Weighted-Average Fair Value Per Share						Weighted-Average Grant Date Stock Price						Shares Granted						Weighted-Average Fair Value Per Share						Weighted-Average Grant Date Stock Price
Stock options			1,029,202						$	51.69					$	196.70					1,084,821						$	56.30					$	219.76
RSUs			484,025						$	196.70					$	196.70					448,311						$	219.76					$	219.76
PRSUs			258,900						$	196.70					$	196.70					266,894						$	219.76					$	219.76

			Grant Year
			2022						2021
Weighted-average dividend yield			2.60%						2.60%
Weighted-average volatility			31.7%						32.9%
Range of volatilities			25.3% - 36.8%						29.2% - 45.8%
Range of risk-free interest rates			1.03% - 2.00%						0.06% - 1.41%
Weighted-average expected lives			8 years						8 years

5.                                     Derivative financial instruments and risk management

(Millions of dollars)			Fair Value
			September 30, 2022												December 31, 2021
			Assets1						Liabilities2						Assets1						Liabilities2
Designated derivatives
Foreign exchange contracts			$	692					$	(394)					$	228					$	(64)
Interest rate contracts			94						(302)						38						(15)
Total			$	786					$	(696)					$	266					$	(79)
Undesignated derivatives
Foreign exchange contracts			$	118					$	(78)					$	46					$	(42)
Commodity contracts			9						(43)						30						(9)
Total			$	127					$	(121)					$	76					$	(51)
1 Assets are classified on the Consolidated Statement of Financial Position as Receivables - trade and other or Long-term receivables - trade and other.
2 Liabilities are classified on the Consolidated Statement of Financial Position as Accrued expenses or Other liabilities.

 

(Millions of dollars)			Three Months Ended September 30
			Fair Value / Undesignated Hedges												Cash Flow Hedges
			Gains (Losses) Recognized on the Consolidated Statement of Results of Operations1												Gains (Losses) Recognized in AOCI												Gains (Losses) Reclassified from AOCI2
			2022						2021						2022						2021						2022						2021
Foreign exchange contracts			$	(2)					$	46					$	18					$	42					$	289					$	90
Interest rate contracts			(5)						5						26						3						7						(5)
Commodity contracts			(42)						(30)						—						—						—						—
Total			$	(49)					$	21					$	44					$	45					$	296					$	85
1 Foreign exchange contract and Commodity contract gains (losses) are included in Other income (expense). Interest rate contract gains (losses) are primarily included in Interest expense of Financial Products.
2 Foreign exchange contract gains (losses) are primarily included in Other income (expense) in the Consolidated Statement of Results of Operations. Interest rate contract gains (losses) are primarily included in Interest expense of Financial Products in the Consolidated Statement of Results of Operations.

(Millions of dollars)			Nine Months Ended September 30
			Fair Value / Undesignated Hedges												Cash Flow Hedges
			Gains (Losses) Recognized on the Consolidated Statement of Results of Operations1												Gains (Losses) Recognized in AOCI												Gains (Losses) Reclassified from AOCI2
			2022						2021						2022						2021						2022						2021
Foreign exchange contracts			$	(32)					$	77					$	195					$	130					$	638					$	187
Interest rate contracts			12						18						103						11						(2)						(23)
Commodity contract			3						35						—						—						—						—
Total			$	(17)					$	130					$	298					$	141					$	636					$	164
1 Foreign exchange contract and Commodity contract gains (losses) are included in Other income (expense). Interest rate contract gains (losses) are primarily included in Interest expense excluding Financial Products.
2 Foreign exchange contract gains (losses) are primarily included in Other income (expense). Interest rate contract gains (losses) are primarily included in Interest expense excluding Financial Products.

(Millions of dollars)			Carrying Value of the Hedged Liabilities												Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Value of the Hedged Liabilities
			September 30, 2022						December 31, 2021						September 30, 2022						December 31, 2021
Long-term debt due within one year			$	—					$	755					$	—					$	5
Long-term debt due after one year			3,796						1,304						(227)						(2)
Total			$	3,796					$	2,059					$	(227)					$	3

(Millions of dollars)			September 30, 2022												December 31, 2021
			Assets						Liabilities						Assets						Liabilities
Gross Amounts Recognized			$	913					$	(817)					$	342					$	(130)
Financial Instruments Not Offset			(282)						282						(114)						114
Cash Collateral Received			—						—						—						—
Net Amount			$	631					$	(535)					$	228					$	(16)

(Millions of dollars)			September 30, 2022						December 31, 2021
Raw materials			$	6,335					$	5,528
Work-in-process			1,836						1,318
Finished goods			8,387						6,907
Supplies			302						285
Total inventories			$	16,860					$	14,038

									September 30, 2022
(Millions of dollars)			Weighted Amortizable Life (Years)						Gross Carrying Amount						Accumulated Amortization						Net
Customer relationships			16						$	2,183					$	(1,604)					$	579
Intellectual property			12						1,470						(1,287)						183
Other			16						128						(84)						44
Total finite-lived intangible assets			14						$	3,781					$	(2,975)					$	806

									December 31, 2021
			Weighted Amortizable Life (Years)						Gross Carrying Amount						Accumulated Amortization						Net
Customer relationships			15						$	2,421					$	(1,709)					$	712
Intellectual property			12						1,472						(1,192)						280
Other			14						156						(106)						50
Total finite-lived intangible assets			14						$	4,049					$	(3,007)					$	1,042

(Millions of dollars)
Remaining Three Months of 2022						2023						2024						2025						2026						Thereafter
$70						$222						$163						$153						$85						$113

(Millions of dollars)						December 31, 2021						Acquisitions												Other Adjustments 1						September 30, 2022
Construction Industries
Goodwill						$	302					$	—											$	(39)					$	263
Impairments						(22)						—												—						(22)
Net goodwill						280						—												(39)						241
Resource Industries
Goodwill						4,182						—												(127)						4,055
Impairments						(1,175)						—												—						(1,175)
Net goodwill						3,007						—												(127)						2,880
Energy & Transportation
Goodwill						2,985						25												(81)						2,929
All Other 2
Goodwill						52						—												(10)						42
Consolidated total
Goodwill						7,521						25												(257)						7,289
Impairments						(1,197)						—												—						(1,197)
Net goodwill						$	6,324					$	25											$	(257)					$	6,092

1 Other adjustments are comprised primarily of foreign currency translation.

2 Includes All Other operating segment (See Note 16).

Available-for-sale debt securities			September 30, 2022																		December 31, 2021
(Millions of dollars)			Cost Basis						Unrealized Pretax Net Gains (Losses)						Fair Value						Cost Basis						Unrealized Pretax Net Gains (Losses)						Fair Value
Government debt securities
U.S. treasury bonds			$	10					$	—					$	10					$	10					$	—					$	10
Other U.S. and non-U.S. government bonds			51						(2)						49						61						—						61
Corporate debt securities
Corporate bonds and other debt securities			2,156						(108)						2,048						1,027						19						1,046
Asset-backed securities			185						(5)						180						175						1						176
Mortgage-backed debt securities
U.S. governmental agency			384						(36)						348						319						6						325
Residential			3						—						3						4						—						4
Commercial			139						(10)						129						98						1						99
Total available-for-sale debt securities			$	2,928					$	(161)					$	2,767					$	1,694					$	27					$	1,721