Analysis of Debt
Total Debt (Carrying Amount)
Caterpillar Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Debt item | Description | The company |
|---|---|---|
| Total short-term borrowings and long-term debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Caterpillar Inc. total debt increased from 2022 to 2023 and from 2023 to 2024. |
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term borrowings | 4,393) |
| Machinery, Energy & Transportation | 7,980) |
| Financial Products | 25,304) |
| Total long-term debt, including amounts due within one year (fair value) | 33,284) |
| Total short-term borrowings and long-term debt (fair value) | 37,677) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.98 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective yield to maturity: 4.68%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 4.50% | 3,946) | 178) | |
| 10.80% | 165) | 18) | |
| 4.20% | 282) | 12) | |
| 5.27% | 753) | 40) | |
| 6.68% | 193) | 13) | |
| 2.67% | 498) | 13) | |
| 2.72% | 796) | 22) | |
| 2.04% | 496) | 10) | |
| 7.38% | 241) | 18) | |
| 8.64% | 237) | 20) | |
| 6.12% | 457) | 28) | |
| 8.38% | 64) | 5) | |
| 7.02% | 158) | 11) | |
| 6.39% | 1,375) | 88) | |
| 4.39% | 494) | 22) | |
| 3.34% | 984) | 33) | |
| 3.32% | 1,186) | 39) | |
| 4.81% | 494) | 24) | |
| 7.51% | 241) | 18) | |
| Total | 13,060) | 611) | |
| 4.68% | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 611 ÷ 13,060 = 4.68%