Investments in Unconsolidated Affiliated Companies

3 Months Ended

Mar. 31, 2012

Investments in Unconsolidated Affiliated Companies

Investments in Unconsolidated Affiliated Companies

6.Investments in Unconsolidated Affiliated Companies

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method (generally on a lag of 3 months or less) was as follows:

Results of Operations of unconsolidated affiliated companies:	Three Months Ended March 31,
(Millions of dollars)	2012		2011
Sales	$	166	$	198
Cost of sales	126		161
Gross profit	$	40	$	37
Profit (loss)	$	10	$	(17	)

Financial Position of unconsolidated affiliated companies: (Millions of dollars)	March 31, 2012		December 31, 2011
Assets:
Current assets	$	335	$	345
Property, plant and equipment — net	193		200
Other assets	14		9
	542		554
Liabilities:
Current liabilities	210		220
Long-term debt due after one year	70		72
Other liabilities	15		17
	295		309
Equity	$	247	$	245

Caterpillar’s investments in unconsolidated affiliated companies:(Millions of dollars)	March 31, 2012		December 31, 2011
Investments in equity method companies	$	118	$	111
Plus: Investments in cost method companies	21		22
Total investments in unconsolidated affiliated companies	$	139	$	133