Table of Contents See accompanying notes to Consolidated Financial Statements. 70 STATEMENT 3 Caterpillar Inc. 2019 2018 Assets Current assets: Cash and short-term investments $ 8,284 $ 7,857 Receivables – trade and other 8,568 8,802 Receivables – finance 9,336 8,650 Prepaid expenses and other current assets 1,739 1,765 Inventories 11,266 11,529 Total current assets 39,193 38,603 Property, plant and equipment – net 12,904 13,574 Long-term receivables – trade and other 1,193 1,161 Long-term receivables – finance 12,651 13,286 Noncurrent deferred and refundable income taxes 1,411 1,439 Intangible assets 1,565 1,897 Goodwill 6,196 6,217 Other assets 3,340 2,332 Total assets $ 78,453 $ 78,509 Liabilities Current liabilities: Short-term borrowings: Machinery, Energy & Transportation $ 5 $ — Financial Products 5,161 5,723 Accounts payable 5,957 7,051 Accrued expenses 3,750 3,573 Accrued wages, salaries and employee benefits 1,629 2,384 Customer advances 1,187 1,243 Dividends payable 567 495 Other current liabilities 2,155 1,919 Long-term debt due within one year: Machinery, Energy & Transportation 16 10 Financial Products 6,194 5,820 Total current liabilities 26,621 28,218 Long-term debt due after one year: Machinery, Energy & Transportation 9,141 8,005 Financial Products 17,140 16,995 Liability for postemployment benefits 6,599 7,455 Other liabilities 4,323 3,756 Total liabilities 63,824 64,429 Commitments and contingencies (Notes 21 and 22) Shareholders’ equity Common stock of $1.00 par value: Authorized shares: 2,000,000,000  Issued shares: (2019 and 2018 – 814,894,624 shares) at paid-in amount 5,935 5,827 Treasury stock: (2019 - 264,812,014 shares; and 2018 – 239,351,886 shares) at cost (24,217) (20,531) Profit employed in the business 34,437 30,427 Accumulated other comprehensive income (loss) (1,567) (1,684) Noncontrolling interests 41 41 Total shareholders’ equity 14,629 14,080 Total liabilities and shareholders’ equity $ 78,453 $ 78,509 Consolidated Financial Position at December 31 (Dollars in millions)