Investments in Unconsolidated Affiliated Companies

3 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Affiliated Companies

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,
	2015		2014
Sales	$	163	$	390
Cost of sales	125		301
Gross profit	$	38	$	89
Profit (loss)	$	4	$	(14	)

Financial Position of unconsolidated affiliated companies: (Millions of dollars)	March 31, 2015		December 31, 2014
Assets:
Current assets	$	511	$	716
Property, plant and equipment – net	173		653
Other assets	166		557
	850		1,926
Liabilities:
Current liabilities	290		518
Long-term debt due after one year	148		867
Other liabilities	10		215
	448		1,600
Equity	$	402	$	326

Caterpillar’s investments in unconsolidated affiliated companies: (Millions of dollars)	March 31, 2015		December 31, 2014
Investments in equity method companies	$	196	$	248
Plus: Investments in cost method companies	34		9
Total investments in unconsolidated affiliated companies	$	230	$	257

The changes in the 2015 results of operations, financial position and investments in equity method companies noted above are primarily related to the sale of Caterpillar's 35 percent equity interest in a third party logistics business, formerly Caterpillar Logistics Services, LLC, which occurred on February 19, 2015.