Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Caterpillar Inc., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	46,949)	43,785)	43,455)	39,464)	39,193)
Adjustments
Add: LIFO reserve¹	3,423)	3,321)	2,599)	2,132)	2,086)
After Adjustment
Adjusted current assets	50,372)	47,106)	46,054)	41,596)	41,279)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ LIFO reserve. See details »

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Caterpillar Inc., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	87,476)	81,943)	82,793)	78,324)	78,453)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: LIFO reserve²	3,423)	3,321)	2,599)	2,132)	2,086)
Less: Deferred income tax assets (included in Noncurrent deferred and refundable income taxes)³	2,634)	2,047)	1,669)	1,358)	1,324)
After Adjustment
Adjusted total assets	88,265)	83,217)	83,723)	79,098)	79,215)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Deferred income tax assets (included in Noncurrent deferred and refundable income taxes). See details »

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Caterpillar Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	67,973)	66,052)	66,277)	62,946)	63,824)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred income tax liabilities (included in Other liabilities)²	454)	471)	412)	418)	414)
Less: Product warranty liability	1,894)	1,761)	1,689)	1,612)	1,541)
Less: Employee separation liability	40)	39)	61)	164)	48)
After Adjustment
Adjusted total liabilities	65,585)	63,781)	64,115)	60,752)	61,821)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities (included in Other liabilities). See details »

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Caterpillar Inc., adjusted equity attributable to common shareholders

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Equity attributable to common shareholders	19,494)	15,869)	16,484)	15,331)	14,588)
Adjustments
Less: Deferred income taxes, net¹	2,180)	1,576)	1,257)	940)	910)
Add: LIFO reserve²	3,423)	3,321)	2,599)	2,132)	2,086)
Add: Product warranty liability	1,894)	1,761)	1,689)	1,612)	1,541)
Add: Employee separation liability	40)	39)	61)	164)	48)
Add: Noncontrolling interests	9)	22)	32)	47)	41)
After Adjustment
Adjusted total stockholders’ equity	22,680)	19,436)	19,608)	18,346)	17,394)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Deferred income taxes, net. See details »

² LIFO reserve. See details »

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Caterpillar Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term borrowings	4,643)	5,957)	5,404)	2,015)	5,166)
Long-term debt due within one year	8,763)	5,322)	6,352)	9,149)	6,210)
Long-term debt due after one year	24,472)	25,714)	26,033)	25,999)	26,281)
Total reported debt	37,878)	36,993)	37,789)	37,163)	37,657)
Equity attributable to common shareholders	19,494)	15,869)	16,484)	15,331)	14,588)
Total reported capital	57,372)	52,862)	54,273)	52,494)	52,245)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities (recognized in Other current liabilities)²	147)	151)	158)	163)	173)
Add: Noncurrent operating lease liabilities (recognized in Other liabilities)³	427)	428)	484)	457)	461)
Adjusted total debt	38,452)	37,572)	38,431)	37,783)	38,291)
Adjustments to Equity
Less: Deferred income taxes, net⁴	2,180)	1,576)	1,257)	940)	910)
Add: LIFO reserve⁵	3,423)	3,321)	2,599)	2,132)	2,086)
Add: Product warranty liability	1,894)	1,761)	1,689)	1,612)	1,541)
Add: Employee separation liability	40)	39)	61)	164)	48)
Add: Noncontrolling interests	9)	22)	32)	47)	41)
Adjusted total stockholders’ equity	22,680)	19,436)	19,608)	18,346)	17,394)
After Adjustment
Adjusted total capital	61,132)	57,008)	58,039)	56,129)	55,685)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (recognized in Other current liabilities). See details »

³ Noncurrent operating lease liabilities (recognized in Other liabilities). See details »

⁴ Deferred income taxes, net. See details »

⁵ LIFO reserve. See details »

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Caterpillar Inc., adjusted profit attributable to common stockholders

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Profit attributable to common stockholders	10,335)	6,705)	6,489)	2,998)	6,093)
Adjustments
Add: Deferred income tax expense (benefit)¹	(592)	(377)	(383)	(74)	28)
Add: Increase (decrease) in LIFO reserve²	102)	722)	467)	46)	77)
Add: Increase (decrease) in product warranty liability	133)	72)	77)	71)	150)
Add: Increase (decrease) in employee separation liability	1)	(22)	(103)	116)	(37)
Add: Other comprehensive income (loss), net of tax	637)	(904)	(665)	679)	9)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(3)	(1)	4)	5)	1)
After Adjustment
Adjusted profit of consolidated and affiliated companies	10,613)	6,195)	5,886)	3,841)	6,321)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Caterpillar Inc. (NYSE:CAT)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income