Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Caterpillar Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Machinery, Energy & Transportation	—)	—)	3)	9)	10)
Financial Products	4,393)	4,643)	5,954)	5,395)	2,005)
Short-term borrowings	4,393)	4,643)	5,957)	5,404)	2,015)
Accounts payable	7,675)	7,906)	8,689)	8,154)	6,128)
Accrued expenses	5,243)	4,958)	4,080)	3,757)	3,642)
Accrued wages, salaries and employee benefits	2,391)	2,757)	2,313)	2,242)	1,096)
Customer advances	2,322)	1,929)	1,860)	1,087)	1,108)
Dividends payable	674)	649)	620)	595)	562)
Other current liabilities	2,909)	3,123)	2,690)	2,256)	2,017)
Machinery, Energy & Transportation	46)	1,044)	120)	45)	1,420)
Financial Products	6,619)	7,719)	5,202)	6,307)	7,729)
Long-term debt due within one year	6,665)	8,763)	5,322)	6,352)	9,149)
Current liabilities	32,272)	34,728)	31,531)	29,847)	25,717)
Machinery, Energy & Transportation	8,564)	8,579)	9,498)	9,746)	9,749)
Financial Products	18,787)	15,893)	16,216)	16,287)	16,250)
Long-term debt due after one year	27,351)	24,472)	25,714)	26,033)	25,999)
Liability for postemployment benefits	3,757)	4,098)	4,203)	5,592)	6,872)
Other liabilities	4,890)	4,675)	4,604)	4,805)	4,358)
Noncurrent liabilities	35,998)	33,245)	34,521)	36,430)	37,229)
Total liabilities	68,270)	67,973)	66,052)	66,277)	62,946)
Common stock of $1.00 par value, at paid-in amount	6,941)	6,403)	6,560)	6,398)	6,230)
Treasury stock, at cost	(44,331)	(36,339)	(31,748)	(27,643)	(25,178)
Profit employed in the business	59,352)	51,250)	43,514)	39,282)	35,167)
Accumulated other comprehensive loss	(2,471)	(1,820)	(2,457)	(1,553)	(888)
Equity attributable to common shareholders	19,491)	19,494)	15,869)	16,484)	15,331)
Noncontrolling interests	3)	9)	22)	32)	47)
Total stockholders’ equity	19,494)	19,503)	15,891)	16,516)	15,378)
Total liabilities and stockholders’ equity	87,764)	87,476)	81,943)	82,793)	78,324)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Caterpillar Inc. current liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Caterpillar Inc. noncurrent liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Caterpillar Inc. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
Equity attributable to common shareholders	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Caterpillar Inc. equity attributable to common shareholders increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Caterpillar Inc. (NYSE:CAT)

Balance Sheet: Liabilities and Stockholders’ Equity