Table of Contents Caterpillar Inc. STATEMENT 4 Changes in Consolidated Shareholders’ Equity for the Years Ended December 31 (Dollars in millions) See accompanying notes to Consolidated Financial Statements. 72 Common stock Treasury stock Profit employed in the business Accumulated other comprehensive income (loss) Noncontrolling interests Total Balance at December 31, 2017 $ 5,593 $ (17,005) $ 26,301 $ (1,192) $ 69 $ 13,766 Adjustments to adopt new accounting guidance 1 Revenue recognition — — (12) — — (12) Tax accounting for intra-entity asset transfers — — (35) — — (35) Recognition and measurement of financial assets and liabilities — — 11 (11) — — Balance at January 1, 2018 $ 5,593 $ (17,005) $ 26,265 $ (1,203) $ 69 $ 13,719 Profit (loss) of consolidated and affiliated companies — — 6,147 — 1 6,148 Foreign currency translation, net of tax — — — (396) — (396) Pension and other postretirement benefits, net of tax — — — (34) — (34) Derivative financial instruments, net of tax — — — (39) — (39) Available-for-sale securities, net of tax — — — (12) — (12) Change in ownership from noncontrolling interests (25) — — — (28) (53) Dividends declared — — (1,985) — — (1,985) Distribution to noncontrolling interests — — — — (1) (1) Common shares issued from treasury stock for stock-based compensation: 5,590,641 41 272 — — — 313 Stock-based compensation expense 197 — — — — 197 Common shares repurchased: 27,673,675  2 — (3,798) — — — (3,798) Other 21 — — — — 21 Balance at December 31, 2018 $ 5,827 $ (20,531) $ 30,427 $ (1,684) $ 41 $ 14,080 1 See Note 1J regarding new accounting guidance. 2 See Note 16 regarding shares repurchased.