Table of Contents STATEMENT 3 Caterpillar Inc. Consolidated Financial Position at December 31 (Dollars in millions) 2020 2019 Assets Current assets: Cash and short-term investments $ 9,352 $ 8,284  Receivables – trade and other 7,317 8,568  Receivables – finance 9,463 9,336  Prepaid expenses and other current assets 1,930 1,739  Inventories 11,402 11,266  Total current assets 39,464 39,193  Property, plant and equipment – net 12,401 12,904  Long-term receivables – trade and other 1,185 1,193  Long-term receivables – finance 12,222 12,651  Noncurrent deferred and refundable income taxes 1,523 1,411  Intangible assets 1,308 1,565  Goodwill 6,394 6,196  Other assets 3,827 3,340  Total assets $ 78,324 $ 78,453  Liabilities Current liabilities: Short-term borrowings: Machinery, Energy & Transportation $ 10 $ 5  Financial Products 2,005 5,161  Accounts payable 6,128 5,957  Accrued expenses 3,642 3,750  Accrued wages, salaries and employee benefits 1,096 1,629  Customer advances 1,108 1,187  Dividends payable 562 567  Other current liabilities 2,017 2,155  Long-term debt due within one year: Machinery, Energy & Transportation 1,420 16  Financial Products 7,729 6,194  Total current liabilities 25,717 26,621  Long-term debt due after one year: Machinery, Energy & Transportation 9,749 9,141  Financial Products 16,250 17,140  Liability for postemployment benefits 6,872 6,599  Other liabilities 4,358 4,323  Total liabilities 62,946 63,824  Commitments and contingencies (Notes 21 and 22) Shareholders’ equity Common stock of $1.00 par value: Authorized shares: 2,000,000,000 Issued shares: (2020 and 2019 – 814,894,624 shares) at paid-in amount 6,230 5,935  Treasury stock: (2020 - 269,590,777 shares; and 2019 - 264,812,014 shares) at cost (25,178) (24,217) Profit employed in the business 35,167 34,437  Accumulated other comprehensive income (loss) (888) (1,567) Noncontrolling interests 47 41  Total shareholders’ equity 15,378 14,629  Total liabilities and shareholders’ equity $ 78,324 $ 78,453  See accompanying notes to Consolidated Financial Statements. 72