Table of Contents STATEMENT 4 Caterpillar Inc. Changes in Consolidated Shareholders’ Equity for the Years Ended December 31 (Dollars in millions) Common stock Treasury stock Profit employed in the business Accumulated other comprehensive income (loss) Noncontrolling interests Total Balance at December 31, 2019 $ 5,935 $ (24,217) $ 34,437 $ (1,567) $ 41 $ 14,629 Adjustments to adopt new accounting guidance  Credit losses —  —  (25) —  —  (25) Balance at January 1, 2020 $ 5,935 $ (24,217) $ 34,412 $ (1,567) $ 41 $ 14,604 Profit (loss) of consolidated and affiliated companies — — 2,998 — 5 3,003 Foreign currency translation, net of tax — — — 577 — 577 Pension and other postretirement benefits, net of tax — — — (29) — (29) Derivative financial instruments, net of tax — — — 97 — 97 Available-for-sale securities, net of tax — — — 34 — 34 Dividends declared — — (2,247) — — (2,247) Common shares issued from treasury stock for stock-based compensation: 5,317,243 (61) 290 — — — 229 Stock-based compensation expense 202 — — — — 202 Common shares repurchased: 10,096,006  — (1,250) — — — (1,250) Other 154 (1) 4 — 1 158 Balance at December 31, 2020 $ 6,230 $ (25,178) $ 35,167 $ (888) $ 47 $ 15,378 1  2 3 See accompanying notes to Consolidated Financial Statements. See Note 1J regarding new accounting guidance. 1 Dividends per share of common stock of $4.12, $3.95 and $3.36 were declared in the years ended December 31, 2020, 2019 and 2018, respectively. 2 See Note 16 regarding shares repurchased. 3 74