Investments in Unconsolidated Affiliated Companies

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

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: (Millions of dollars)	Three Months Ended March 31,
	2014			2013
Sales	$	390		$	258
Cost of sales	301			205
Gross profit	$	89		$	53

Profit (loss)	$	(14	)	$	(3	)



Financial Position of unconsolidated affiliated companies: (Millions of dollars)	March 31, 2014		December 31, 2013
Assets:
Current assets	$	695	$	683
Property, plant and equipment – net	686		710
Other assets	582		608
	1,963		2,001
Liabilities:
Current liabilities	466		437
Long-term debt due after one year	890		900
Other liabilities	216		262
	1,572		1,599
Equity	$	391	$	402



Caterpillar’s investments in unconsolidated affiliated companies: (Millions of dollars)	March 31, 2014		December 31, 2013
Investments in equity method companies	$	256	$	262
Plus: Investments in cost method companies	10		10
Total investments in unconsolidated affiliated companies	$	266	$	272

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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