2019 Q4 Form 10-K Financial Statement

#000001823020000056 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q1 2019
Revenue $13.14B $13.47B $53.80B
YoY Change -8.35% 4.72% -1.68%
Cost Of Revenue $9.117B $9.003B $36.63B
YoY Change -8.71% 5.1% -0.99%
Gross Profit $3.269B $3.721B $17.17B
YoY Change -10.27% 3.82% -3.13%
Gross Profit Margin 24.87% 27.63% 31.91%
Selling, General & Admin $1.283B $1.319B $5.162B
YoY Change -12.3% 3.37% -5.77%
% of Gross Profit 39.25% 35.45% 30.06%
Research & Development $386.0M $435.0M $1.693B
YoY Change -17.17% -1.81% -8.49%
% of Gross Profit 11.81% 11.69% 9.86%
Depreciation & Amortization $644.0M $641.0M $2.577B
YoY Change -8.13% -5.87% -6.83%
% of Gross Profit 19.7% 17.23% 15.01%
Operating Expenses $1.922B $11.26B $45.51B
YoY Change -14.54% 4.73% -1.98%
Operating Profit $1.347B $2.207B $8.290B
YoY Change -3.37% 4.7% -0.04%
Interest Expense -$276.0M -$184.0M -$981.0M
YoY Change -23.55% -26.4% -20.57%
% of Operating Profit -20.49% -8.34% -11.83%
Other Income/Expense, Net -$392.0M $160.0M -$57.00M
YoY Change 13.95% 25.98% -14.93%
Pretax Income $1.365B $2.264B $2.888B
YoY Change -0.15% 6.09% 35.52%
Income Tax $276.0M $387.0M $1.746B
% Of Pretax Income 20.22% 17.09% 60.46%
Net Earnings $1.098B $1.884B $6.094B
YoY Change 4.77% 13.02% -0.88%
Net Earnings / Revenue 8.35% 13.99% 11.33%
Basic Earnings Per Share $2.00 $3.29 $10.85
Diluted Earnings Per Share $1.97 $3.25 $10.74
COMMON SHARES
Basic Shares Outstanding 550.1M shares 572.4M shares 561.6M shares
Diluted Shares Outstanding 578.8M shares 567.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q1 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.284B $7.128B $8.284B
YoY Change 5.43% -9.63% 5.42%
Cash & Equivalents $8.292B $7.158B $8.284B
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $1.823B $1.801B $1.823B
YoY Change 1.33% -6.3% 1.33%
Inventory $11.27B $12.34B $11.27B
Prepaid Expenses
Receivables $8.568B $8.961B $8.484B
Other Receivables $9.336B $8.932B $9.336B
Total Short-Term Assets $39.19B $39.13B $39.19B
YoY Change 1.53% 4.74% 1.53%
LONG-TERM ASSETS
Property, Plant & Equipment $12.90B $13.55B $13.53B
YoY Change -4.94% -2.99% -0.34%
Goodwill $6.196B $6.191B
YoY Change -0.34% -2.9%
Intangibles $1.565B $1.807B
YoY Change -17.5% -16.46%
Long-Term Investments
YoY Change
Other Assets $3.340B $3.045B $4.159B
YoY Change 43.22% 41.23% 10.2%
Total Long-Term Assets $39.26B $39.60B $39.26B
YoY Change -1.62% -2.6% -1.62%
TOTAL ASSETS
Total Short-Term Assets $39.19B $39.13B $39.19B
Total Long-Term Assets $39.26B $39.60B $39.26B
Total Assets $78.45B $78.73B $78.45B
YoY Change -0.07% 0.91% -0.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.957B $7.198B $5.957B
YoY Change -15.52% 3.75% -15.52%
Accrued Expenses $3.750B $3.546B $5.623B
YoY Change 4.95% 2.9% -4.48%
Deferred Revenue $1.187B
YoY Change
Short-Term Debt $5.166B $5.590B $5.166B
YoY Change -9.73% -2.49% -9.73%
Long-Term Debt Due $6.210B $5.952B $6.210B
YoY Change 6.52% -7.25% 6.52%
Total Short-Term Liabilities $26.62B $27.39B $26.62B
YoY Change -5.66% -0.05% -5.66%
LONG-TERM LIABILITIES
Long-Term Debt $26.28B $24.24B $26.28B
YoY Change 5.12% 4.64% 5.12%
Other Long-Term Liabilities $4.323B $4.294B $10.92B
YoY Change 15.1% 10.47% -2.58%
Total Long-Term Liabilities $30.60B $4.294B $37.20B
YoY Change 6.43% 10.47% 2.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.62B $27.39B $26.62B
Total Long-Term Liabilities $30.60B $4.294B $37.20B
Total Liabilities $63.82B $63.25B $63.87B
YoY Change -0.94% 0.81% -0.94%
SHAREHOLDERS EQUITY
Retained Earnings $34.44B $30.66B
YoY Change 13.18% 16.63%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.22B $21.21B
YoY Change 17.95% 22.29%
Treasury Stock Shares 264.8M shares 243.2M shares
Shareholders Equity $14.59B $15.44B $14.59B
YoY Change
Total Liabilities & Shareholders Equity $78.45B $78.73B $78.45B
YoY Change -0.07% 0.91% -0.07%

Cashflow Statement

Concept 2019 Q4 2019 Q1 2019
OPERATING ACTIVITIES
Net Income $1.098B $1.884B $6.094B
YoY Change 4.77% 13.02% -0.88%
Depreciation, Depletion And Amortization $644.0M $641.0M $2.577B
YoY Change -8.13% -5.87% -6.83%
Cash From Operating Activities $2.434B $1.121B $6.912B
YoY Change 16.85% 19.89% 5.4%
INVESTING ACTIVITIES
Capital Expenditures -$813.0M $278.0M $1.056B
YoY Change 3.3% -136.72% -17.24%
Acquisitions $2.000M $47.00M
YoY Change -99.41% -88.01%
Other Investing Activities $239.0M $38.00M $24.00M
YoY Change -2272.73% -337.5% -284.62%
Cash From Investing Activities -$574.0M -$181.0M -$1.928B
YoY Change -28.07% -77.38% -39.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $751.0M $4.047B
YoY Change 50.2% 6.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.507B -$1.675B -$4.538B
YoY Change 5.24% 211.34% 24.33%
NET CHANGE
Cash From Operating Activities 2.434B $1.121B $6.912B
Cash From Investing Activities -574.0M -$181.0M -$1.928B
Cash From Financing Activities -1.507B -$1.675B -$4.538B
Net Change In Cash 353.0M -$732.0M $402.0M
YoY Change -340.14% 81.64% -193.49%
FREE CASH FLOW
Cash From Operating Activities $2.434B $1.121B $6.912B
Capital Expenditures -$813.0M $278.0M $1.056B
Free Cash Flow $3.247B $843.0M $5.856B
YoY Change 13.14% -50.18% 10.87%

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NetCashProvidedByUsedInInvestingActivities
-1928000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3212000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-966000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2132000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1951000000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1831000000 USD
CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
238000000 USD
CY2018 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
313000000 USD
CY2017 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
566000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4047000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3798000000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2009000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1654000000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1680000000 USD
CY2019 cat Proceedsfrom Machinery Energyand Transportation
ProceedsfromMachineryEnergyandTransportation
1479000000 USD
CY2018 cat Proceedsfrom Machinery Energyand Transportation
ProceedsfromMachineryEnergyandTransportation
57000000 USD
CY2017 cat Proceedsfrom Machinery Energyand Transportation
ProceedsfromMachineryEnergyandTransportation
361000000 USD
CY2019 cat Proceedsfrom Financial Products.
ProceedsfromFinancialProducts.
8362000000 USD
CY2018 cat Proceedsfrom Financial Products.
ProceedsfromFinancialProducts.
8850000000 USD
CY2017 cat Proceedsfrom Financial Products.
ProceedsfromFinancialProducts.
8702000000 USD
CY2019 cat Payments Machinery Energyand Transportation
PaymentsMachineryEnergyandTransportation
12000000 USD
CY2018 cat Payments Machinery Energyand Transportation
PaymentsMachineryEnergyandTransportation
7000000 USD
CY2017 cat Payments Machinery Energyand Transportation
PaymentsMachineryEnergyandTransportation
1465000000 USD
CY2019 cat Payments Financial Products
PaymentsFinancialProducts
8285000000 USD
CY2018 cat Payments Financial Products
PaymentsFinancialProducts
7822000000 USD
CY2017 cat Payments Financial Products
PaymentsFinancialProducts
6923000000 USD
CY2019 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-138000000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
762000000 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-3058000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-54000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4538000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3650000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3657000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-44000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-126000000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
38000000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
402000000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-430000000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1121000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7890000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8320000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7199000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8292000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7890000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8320000000 USD
CY2019 cat Number Of Countries Served By Dealers
NumberOfCountriesServedByDealers
191 countries
CY2019Q4 cat Equity Method Investment Ownership Percentage Significant Influence
EquityMethodInvestmentOwnershipPercentageSignificantInfluence
0.20
CY2018Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1868000000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1171000000 USD
CY2019Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.60
CY2018Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.65
CY2019Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2086000000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1294000000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6200000000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2400000000 USD
CY2019 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
813000000 USD
CY2018 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
819000000 USD
CY2017 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
810000000 USD
CY2019 us-gaap Depreciation
Depreciation
2253000000 USD
CY2018 us-gaap Depreciation
Depreciation
2435000000 USD
CY2017 us-gaap Depreciation
Depreciation
2555000000 USD
CY2019 cat Period After Which Collection Of Future Income Is Considered As Not Probable
PeriodAfterWhichCollectionOfFutureIncomeIsConsideredAsNotProbable
P120D
CY2018Q4 cat Longtermtradereceivablesfromdealersandendusers
Longtermtradereceivablesfromdealersandendusers
674000000 USD
CY2018Q1 cat Longtermtradereceivablesfromdealersandendusers
Longtermtradereceivablesfromdealersandendusers
639000000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:10pt;padding-left:0px;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">I.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimates in financial statements</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts. The more significant estimates include: residual values for leased assets; fair values for goodwill impairment tests; warranty liability and reserves for product liability and insurance losses, postretirement benefits, post-sale discounts, credit losses and income taxes.</span></div>
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1765000000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1748000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13574000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13548000000 USD
CY2018Q4 cat Noncurrent Deferred And Refundable Income Taxes
NoncurrentDeferredAndRefundableIncomeTaxes
1439000000 USD
CY2019Q1 cat Noncurrent Deferred And Refundable Income Taxes
NoncurrentDeferredAndRefundableIncomeTaxes
1362000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2332000000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3045000000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3573000000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3546000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1919000000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2128000000 USD
CY2018Q4 cat Longterm Debt Dueafter One Year Machinery Energy Transportation Noncurrent
LongtermDebtDueafterOneYearMachineryEnergyTransportationNoncurrent
8005000000 USD
CY2019Q1 cat Longterm Debt Dueafter One Year Machinery Energy Transportation Noncurrent
LongtermDebtDueafterOneYearMachineryEnergyTransportationNoncurrent
7643000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3756000000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4294000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30427000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30662000000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
7648000000 USD
CY2018Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
7743000000 USD
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
6399000000 USD
CY2019Q4 cat Longtermtradereceivablesfromdealersandendusers
Longtermtradereceivablesfromdealersandendusers
693000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
38800000 shares
CY2017 cat Cash Tax Benefits Realized From Stock Awards Exercised
CashTaxBenefitsRealizedFromStockAwardsExercised
205000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
36000000 shares
CY2019 cat Common Shares Issued Shares From Treasury Stock For Stock Based Compensation
CommonSharesIssuedSharesFromTreasuryStockForStockBasedCompensation
5126379 shares
CY2018 cat Common Shares Issued Shares From Treasury Stock For Stock Based Compensation
CommonSharesIssuedSharesFromTreasuryStockForStockBasedCompensation
5590641 shares
CY2017 cat Common Shares Issued Shares From Treasury Stock For Stock Based Compensation
CommonSharesIssuedSharesFromTreasuryStockForStockBasedCompensation
11139748 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
74800000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
40754720 shares
CY2019 cat Share Based Compensation Arrangement By Share Based Payment Award Long Service Separation Eligibility Required Minimum Age
ShareBasedCompensationArrangementByShareBasedPaymentAwardLongServiceSeparationEligibilityRequiredMinimumAge
P55Y
CY2019 cat Share Based Compensation Arrangement By Share Based Payment Award Long Service Separation Eligibility Minimum Term Of Service
ShareBasedCompensationArrangementByShareBasedPaymentAwardLongServiceSeparationEligibilityMinimumTermOfService
P5Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019 cat Share Based Compensation Arrangement By Share Based Payment Award Term Life From Separation Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermLifeFromSeparationDate
P5Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.026
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.027
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.034
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.291
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.302
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.292
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
205000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
197000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
206000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
35000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
36000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
40000000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
161000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2019 cat Cash Tax Benefits Realized From Stock Awards Exercised
CashTaxBenefitsRealizedFromStockAwardsExercised
89000000 USD
CY2018 cat Cash Tax Benefits Realized From Stock Awards Exercised
CashTaxBenefitsRealizedFromStockAwardsExercised
103000000 USD
CY2019 cat Maximum Lengthof Time Policy Foreign Currency Cash Flow Hedge
MaximumLengthofTimePolicyForeignCurrencyCashFlowHedge
P5Y
CY2019 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P60M
CY2019Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
1000000 USD
CY2019 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
30000000 USD
CY2018 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
4000000 USD
CY2019 us-gaap Cost Of Revenue
CostOfRevenue
36630000000 USD
CY2019 cat Interest Expense Of Financial Products
InterestExpenseOfFinancialProducts
754000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-57000000 USD
CY2019 cat Interest Expense Excluding Financial Products
InterestExpenseExcludingFinancialProducts
421000000 USD
CY2019 cat Interest Expense Of Financial Products
InterestExpenseOfFinancialProducts
754000000 USD
CY2018Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
116000000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
116000000 USD
CY2019Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
34000000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
82000000 USD
CY2017 us-gaap Investment Income Net
InvestmentIncomeNet
122000000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-67000000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-201000000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-213000000 USD
CY2019 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
121000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
71000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
71000000 USD
CY2019Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
34000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
37000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
131000000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
131000000 USD
CY2018Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
53000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
78000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
150000000 USD
CY2018Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
150000000 USD
CY2018Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
53000000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2018Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
97000000 USD
CY2019 us-gaap Investment Income Net
InvestmentIncomeNet
202000000 USD
CY2018 us-gaap Investment Income Net
InvestmentIncomeNet
195000000 USD
CY2017 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
187000000 USD
CY2019 cat Netperiodicpensionand Ope Bincomecostexcludingservicecost
NetperiodicpensionandOPEBincomecostexcludingservicecost
-363000000 USD
CY2018 cat Netperiodicpensionand Ope Bincomecostexcludingservicecost
NetperiodicpensionandOPEBincomecostexcludingservicecost
-118000000 USD
CY2018 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
125000000 USD
CY2017 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
100000000 USD
CY2018 cat Effective Income Tax Rate Reconciliation Tax Credits Research And Other Incentives
EffectiveIncomeTaxRateReconciliationTaxCreditsResearchAndOtherIncentives
-0.013
CY2017 cat Netperiodicpensionand Ope Bincomecostexcludingservicecost
NetperiodicpensionandOPEBincomecostexcludingservicecost
-54000000 USD
CY2019 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
35000000 USD
CY2018 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-33000000 USD
CY2017 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0 USD
CY2019 cat Miscellaneous Income Loss Nonoperating
MiscellaneousIncomeLossNonoperating
-15000000 USD
CY2018 cat Miscellaneous Income Loss Nonoperating
MiscellaneousIncomeLossNonoperating
-39000000 USD
CY2017 cat Miscellaneous Income Loss Nonoperating
MiscellaneousIncomeLossNonoperating
11000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-57000000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-67000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
153000000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1641000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1643000000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1429000000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
365000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.047
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
282000000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.036
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-282000000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.069
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
59000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
22000000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
27000000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2019 cat Income Tax Reconciliation Interest And Penalties Net Of Tax
IncomeTaxReconciliationInterestAndPenaltiesNetOfTax
34000000 USD
CY2019 cat Effective Income Tax Rate Reconciliation Interest And Penalties Net Of Tax
EffectiveIncomeTaxRateReconciliationInterestAndPenaltiesNetOfTax
0.004
CY2018 cat Income Tax Reconciliation Interest And Penalties Net Of Tax
IncomeTaxReconciliationInterestAndPenaltiesNetOfTax
33000000 USD
CY2018 cat Effective Income Tax Rate Reconciliation Interest And Penalties Net Of Tax
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CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
9022000000 USD
CY2018Q4 us-gaap Cost Of Revenue
CostOfRevenue
9987000000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
3584000000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
3857000000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
3741000000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
3643000000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1665000000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1707000000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1727000000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1048000000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.86
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.92
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.80
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.74
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.88
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.78
CY2019Q1 cat Adjustmenttoestimatedtaxformandatorydeemedrepatriationofnon U.S.Earnings
AdjustmenttoestimatedtaxformandatorydeemedrepatriationofnonU.S.earnings
178000000 USD
CY2018Q4 cat Adjustmenttoestimatedtaxformandatorydeemedrepatriationofnon U.S.Earnings
AdjustmenttoestimatedtaxformandatorydeemedrepatriationofnonU.S.earnings
50000000 USD
CY2018Q3 cat Chargebenefitto U.S.Deferredtaxesdueto U.S.Taxratechangeresultedfrom2017 U.S.Tax Reform
ChargebenefittoU.S.deferredtaxesduetoU.S.taxratechangeresultedfrom2017U.S.TaxReform
-154000000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q3 cat Correctionof Prior Year Valuation Allowance
CorrectionofPriorYearValuationAllowance
59000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-468000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-495000000 USD

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0000018230-20-000056.txt Edgar Link pending
0000018230-20-000056-xbrl.zip Edgar Link pending
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