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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/04/21 Caterpillar Inc. 424B5 1:830K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 375K - New Facts or Events
tm218116-2_424b5 - none - 7.1719096s |
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CALCULATION OF REGISTRATION FEE
|
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|
Title of each Class of Securities
to be Registered |
| | |
Amount to be
Registered |
| | |
Proposed Maximum
Offering Price Per Security |
| | |
Proposed Maximum
Aggregate Offering Price |
| | |
Amount
Registration Fee(1) |
| ||||||||||||
|
1.900% Senior Notes due 2031
|
| | | | $ | 500,000,000 | | | | | | | 99.277% | | | | | | $ | 496,385,000 | | | | | | $ | 54,156 | | |
| | |
Public offering
price(1) |
| |
Underwriting
discount |
| |
Proceeds to us
(before expenses) |
| |||||||||
Per note
|
| | | | 99.277% | | | | | | 0.450% | | | | | | 98.827% | | |
Total
|
| | | $ | 496,385,000 | | | | | $ | 2,250,000 | | | | | $ | 494,135,000 | | |
|
BofA Securities
|
| |
J.P. Morgan
|
| |
MUFG
|
|
|
BNP PARIBAS
|
| |
HSBC
|
| |
ING
|
| |
Lloyds Securities
|
|
|
TD Securities
|
| |
US Bancorp
|
| |
COMMERZBANK
|
| |
Loop Capital Markets
|
|
|
Scotiabank
|
| |
Standard Chartered Bank
|
| |
Mizuho Securities
|
|
| Wells Fargo Securities | | |
ANZ Securities
|
| |
ICBC Standard Bank
|
| |
KBC
|
|
|
SMBC Nikko
|
| |
Mischler Financial Group, Inc.
|
| |
Westpac Capital Markets LLC
|
|
|
BBVA
|
| |
BNY Mellon Capital Markets, LLC
|
| |
Itaú BBA
|
|
| | |
Page
|
| |||
| | | | S-iii | | | |
| | | | S-iii | | | |
| | | | S-iv | | | |
| | | | S-1 | | | |
| | | | S-7 | | | |
| | | | S-9 | | | |
| | | | S-10 | | | |
| | | | S-12 | | | |
| | | | S-16 | | | |
| | | | S-20 | | | |
| | | | S-22 | | | |
| | | | S-28 | | | |
| | | | S-28 | | |
| | |
Page
|
| |||
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| | | | 4 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 12 | | | |
| | | | 14 | | | |
| | | | 15 | | | |
| | | | 15 | | | |
| | | | 17 | | | |
| | | | 17 | | | |
| | | | 17 | | | |
| | | | 18 | | |
| | |
Year ended December 31,
|
| |||||||||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||
Results of Operations information: | | | | | | | | | | | | | | | | | | | |
Sales and revenues:
|
| | | | | | | | | | | | | | | | | | |
Sales of Machinery, Energy & Transportation
|
| | | $ | 39,022 | | | | | $ | 50,755 | | | | | $ | 51,822 | | |
Revenues of Financial Products
|
| | | | 2,726 | | | | | | 3,045 | | | | | | 2,900 | | |
Total sales and revenues
|
| | | | 41,748 | | | | | | 53,800 | | | | | | 54,722 | | |
Operating costs:
|
| | | | | | | | | | | | | | | | | | |
Cost of goods sold
|
| | | | 29,082 | | | | | | 36,630 | | | | | | 36,997 | | |
Selling, general and administrative expenses
|
| | | | 4,642 | | | | | | 5,162 | | | | | | 5,478 | | |
Research and development expenses
|
| | | | 1,415 | | | | | | 1,693 | | | | | | 1,850 | | |
Interest expense of Financial Products
|
| | | | 589 | | | | | | 754 | | | | | | 722 | | |
Other operating (income) expenses
|
| | | | 1,467 | | | | | | 1,271 | | | | | | 1,382 | | |
Total operating costs
|
| | | | 37,195 | | | | | | 45,510 | | | | | | 46,429 | | |
Operating profit
|
| | | | 4,553 | | | | | | 8,290 | | | | | | 8,293 | | |
Interest expense excluding Financial Products
|
| | | | 514 | | | | | | 421 | | | | | | 404 | | |
Other income (expense)
|
| | | | (44) | | | | | | (57) | | | | | | (67) | | |
Consolidated profit (loss) before taxes
|
| | | | 3,995 | | | | | | 7,812 | | | | | | 7,822 | | |
Provision (benefit) for income taxes
|
| | | | 1,006 | | | | | | 1,746 | | | | | | 1,698 | | |
Profit (loss) of consolidated companies
|
| | | | 2,989 | | | | | | 6,066 | | | | | | 6,124 | | |
Equity in profit (loss) of unconsolidated affiliated companies
|
| | | | 14 | | | | | | 28 | | | | | | 24 | | |
Profit (loss) of consolidated and affiliated companies
|
| | | | 3,003 | | | | | | 6,094 | | | | | | 6,148 | | |
Less: Profit (loss) attributable to noncontrolling interests
|
| | | | 5 | | | | | | 1 | | | | | | 1 | | |
Profit (Loss)(1)
|
| | | $ | 2,998 | | | | | $ | 6,093 | | | | | $ | 6,147 | | |
| | |
December 31,
|
| |||||||||
(in millions).
|
| |
2020
|
| |
2019
|
| ||||||
Financial Position information (at period end): | | | | | | | | | | | | | |
Assets
|
| | | | | | | | | | | | |
Total current assets
|
| | | $ | 39,464 | | | | | $ | 39,193 | | |
Property, plant and equipment – net
|
| | | | 12,401 | | | | | | 12,904 | | |
Long-term receivables – trade and other
|
| | | | 1,185 | | | | | | 1,193 | | |
Long-term receivables – finance
|
| | | | 12,222 | | | | | | 12,651 | | |
Noncurrent deferred and refundable income taxes
|
| | | | 1,523 | | | | | | 1,411 | | |
Intangible assets
|
| | | | 1,308 | | | | | | 1,565 | | |
Goodwill
|
| | | | 6,394 | | | | | | 6,196 | | |
Other assets
|
| | | | 3,827 | | | | | | 3,340 | | |
Total assets
|
| | | $ | 78,324 | | | | | $ | 78,453 | | |
Liabilities
|
| | | | | | | | | | | | |
Total current liabilities
|
| | | $ | 25,717 | | | | | $ | 26,621 | | |
Long-term debt due after one year:
|
| | | | | | | | | | | | |
Machinery, Energy & Transportation
|
| | | | 9,749 | | | | | | 9,141 | | |
Financial Products
|
| | | | 16,250 | | | | | | 17,140 | | |
Liability for postemployment benefits
|
| | | | 6,872 | | | | | | 6,599 | | |
Other liabilities
|
| | | | 4,358 | | | | | | 4,323 | | |
Total liabilities
|
| | | $ | 62,946 | | | | | $ | 63,824 | | |
Total liabilities and stockholders’ equity
|
| | | $ | 78,324 | | | | | $ | 78,453 | | |
| | |
As of December 31, 2020
|
| |||||||||
(in millions)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
Long-term debt due within one year | | | | | | | | | | | | | |
Machinery, Energy & Transportation
|
| | | $ | 1,420 | | | | | $ | 1,420 | | |
Financial Products
|
| | | | 7,729 | | | | | | 7,729 | | |
Long-term debt due after one year(1) | | | | | | | | | | | | | |
Machinery, Energy & Transportation:
|
| | | | | | | | | | | | |
Notes offered hereby
|
| | | $ | — | | | | | $ | 494 | | |
Notes – $759 million of 5.200% due 2041
|
| | | | 752 | | | | | | 752 | | |
Debentures – 2.600% due 2022(2)
|
| | | | 499 | | | | | | — | | |
Debentures – 8.000% due 2023
|
| | | | 82 | | | | | | 82 | | |
Debentures – 3.400% due 2024
|
| | | | 998 | | | | | | 998 | | |
Debentures – 6.625% due 2028
|
| | | | 192 | | | | | | 192 | | |
Debentures – 2.600% due 2029
|
| | | | 497 | | | | | | 497 | | |
Debentures – 2.600% due 2030
|
| | | | 793 | | | | | | 793 | | |
Debentures – 7.300% due 2031
|
| | | | 240 | | | | | | 240 | | |
Debentures – 5.300% due 2035
|
| | | | 223 | | | | | | 223 | | |
Debentures – 6.050% due 2036
|
| | | | 456 | | | | | | 456 | | |
Debentures – 8.250% due 2038
|
| | | | 64 | | | | | | 64 | | |
Debentures – 6.950% due 2042
|
| | | | 158 | | | | | | 158 | | |
Debentures – 3.803% due 2042
|
| | | | 1,296 | | | | | | 1,296 | | |
Debentures – 4.300% due 2044
|
| | | | 493 | | | | | | 493 | | |
Debentures – 3.250% due 2049
|
| | | | 983 | | | | | | 983 | | |
Debentures – 3.250% due 2050
|
| | | | 1,185 | | | | | | 1,185 | | |
Debentures – 4.750% due 2064
|
| | | | 494 | | | | | | 494 | | |
Debentures – 7.375% due 2097
|
| | | | 241 | | | | | | 241 | | |
Finance lease obligations & other
|
| | | | 103 | | | | | | 103 | | |
Total Machinery, Energy & Transportation
|
| | | $ | 9,749 | | | | | | 9,744 | | |
Financial Products:
|
| | | | | | | | | | | | |
Medium-term notes
|
| | | | 16,012 | | | | | | 16,012 | | |
Other
|
| | | | 238 | | | | | | 238 | | |
Total Financial Products
|
| | | $ | 16,250 | | | | | | 16,250 | | |
Total long-term debt due after one year
|
| | | $ | 25,999 | | | | | | 25,994 | | |
Stockholders’ equity
|
| | | | | | | | | | | | |
Common stock of $1.00 par value:
|
| | | | | | | | | | | | |
Authorized shares: 2,000,000,000 Issued shares: (12/31/19 – 814,894,624) at paid-in amount
|
| | | | 6,230 | | | | | | 6,230 | | |
Treasury stock (12/31/19 – 264,812,014 shares) at cost
|
| | | | (25,178) | | | | | | (25,178) | | |
Profit employed in the business
|
| | | | 35,167 | | | | | | 35,167 | | |
Accumulated other comprehensive income (loss)
|
| | | | (888) | | | | | | (888) | | |
Noncontrolling interests
|
| | | | 47 | | | | | | 47 | | |
Total stockholders’ equity
|
| | | $ | 15,378 | | | | | $ | 15,378 | | |
Total capitalization
|
| | | $ | 78,324 | | | | | | 78,319 | | |
| | |
Effective Yield
to Maturity |
| |||
Notes offered hereby
|
| | | | 1.90% | | |
Notes – 5.200% due 2041
|
| | | | 5.27% | | |
Debentures – 2.600% due 2022
|
| | | | 2.70% | | |
Debentures – 8.000% due 2023
|
| | | | 8.06% | | |
Debentures – 3.400% due 2024
|
| | | | 3.46% | | |
Debentures – 6.625% due 2028
|
| | | | 6.68% | | |
Debentures – 2.600% due 2029
|
| | | | 2.67% | | |
Debentures – 2.600% due 2030
|
| | | | 2.72% | | |
Debentures – 7.300% due 2031
|
| | | | 7.38% | | |
Debentures – 5.300% due 2035
|
| | | | 8.64% | | |
Debentures – 6.050% due 2036
|
| | | | 6.12% | | |
Debentures – 8.250% due 2038
|
| | | | 8.38% | | |
Debentures – 6.950% due 2042
|
| | | | 7.02% | | |
Debentures – 3.803% due 2042
|
| | | | 6.39% | | |
Debentures – 4.300% due 2044
|
| | | | 4.39% | | |
Debentures – 3.250% due 2049
|
| | | | 3.34% | | |
Debentures – 3.250% due 2050
|
| | | | 3.32% | | |
Debentures – 4.750% due 2064
|
| | | | 4.81% | | |
Debentures – 7.375% due 2097
|
| | | | 7.51% | | |
Underwriter
|
| |
Principal amount of
notes |
| |||
BofA Securities, Inc.
|
| | | $ | 116,667,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 116,667,000 | | |
MUFG Securities Americas Inc.
|
| | | $ | 116,666,000 | | |
BNP Paribas Securities Corp.
|
| | | $ | 12,150,000 | | |
HSBC Securities (USA) Inc.
|
| | | $ | 12,150,000 | | |
TD Securities (USA) LLC
|
| | | $ | 12,150,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | $ | 12,150,000 | | |
ING Financial Markets LLC
|
| | | $ | 12,150,000 | | |
Lloyds Securities Inc.
|
| | | $ | 12,150,000 | | |
Commerz Markets LLC
|
| | | $ | 9,300,000 | | |
Loop Capital Markets LLC
|
| | | $ | 7,900,000 | | |
Standard Chartered Bank
|
| | | $ | 7,150,000 | | |
Scotia Capital (USA) Inc.
|
| | | $ | 7,150,000 | | |
Wells Fargo Securities, LLC
|
| | | $ | 6,450,000 | | |
Mizuho Securities USA LLC
|
| | | $ | 6,450,000 | | |
SMBC Nikko Securities America, Inc.
|
| | | $ | 4,300,000 | | |
ANZ Securities, Inc.
|
| | | $ | 4,300,000 | | |
KBC Securities USA LLC
|
| | | $ | 4,300,000 | | |
ICBC Standard Bank Plc
|
| | | $ | 4,300,000 | | |
Mischler Financial Group, Inc.
|
| | | $ | 3,550,000 | | |
Westpac Capital Markets LLC
|
| | | $ | 3,550,000 | | |
BBVA Securities Inc.
|
| | | $ | 2,800,000 | | |
Itau BBA USA Securities, Inc.
|
| | | $ | 2,800,000 | | |
BNY Mellon Capital Markets, LLC
|
| | | $ | 2,800,000 | | |
Total
|
| | | $ | 500,000,000 | | |
| | |
Paid by us
|
| |||
Per note
|
| | | | 0.450% | | |
Total
|
| | | $ | 2,250,000 | | |
| | |
Page
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Year ended December 31,
|
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|
2017
|
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2016
|
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2015
|
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2014
|
| |
2013
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|
4.1
|
| | | | 1.1 | | | | | | 3.8 | | | | | | 3.5 | | | | | | 7.9 | | | | | | 8.0 | | |
|
BofA Securities
|
| |
J.P. Morgan
|
| |
MUFG
|
|
|
BNP PARIBAS
|
| |
HSBC
|
| |
ING
|
| |
Lloyds Securities
|
|
|
TD Securities
|
| |
US Bancorp
|
| |
COMMERZBANK
|
| |
Loop Capital Markets
|
|
|
Scotiabank
|
| |
Standard Chartered Bank
|
| |
Mizuho Securities
|
|
| Wells Fargo Securities | | |
ANZ Securities
|
| |
ICBC Standard Bank
|
| |
KBC
|
|
|
SMBC Nikko
|
| |
Mischler Financial Group, Inc.
|
| |
Westpac Capital Markets LLC
|
|
|
BBVA
|
| |
BNY Mellon Capital Markets, LLC
|
| |
Itaú BBA
|
|
This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
3/12/31 | ||||
12/12/30 | ||||
6/26/22 | ||||
9/12/21 | ||||
3/15/21 | 25-NSE | |||
3/12/21 | 8-K | |||
Filed on: | 3/4/21 | |||
3/2/21 | 4, 424B5, FWP | |||
2/12/21 | SC 13G | |||
12/31/20 | 10-K, 11-K, 4, SD | |||
12/31/19 | 10-K, 11-K, 4, SD | |||
12/31/18 | 10-K, 11-K, 4, SD | |||
11/1/18 | S-3ASR | |||
9/30/18 | 10-Q | |||
12/31/17 | 10-K, 11-K, 8-K, SD | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/03/21 Caterpillar Inc. 8-K:5,9 3/03/21 13:289K 2/17/21 Caterpillar Inc. 10-K 12/31/20 145:38M 2/09/21 Caterpillar Inc. 8-K:5,9 2/09/21 15:347K 10/20/20 Caterpillar Inc. 8-K:5,9 10/14/20 12:280K 6/15/20 Caterpillar Inc. 8-K:5,9 6/15/20 12:319K 4/29/20 Caterpillar Inc. DEF 14A 6/10/20 2:9.3M Labrador Co./FA 2/19/20 Caterpillar Inc. 10-K 12/31/19 158:48M 10/31/18 Caterpillar Inc. 10-Q 9/30/18 107:34M 9/12/18 Caterpillar Inc. 8-K:1,2,9 9/06/18 6:1.8M 8/07/18 Caterpillar Inc. 10-Q 6/30/18 109:34M 6/19/18 Caterpillar Inc. 8-K:5 6/13/18 1:79K 5/04/18 Caterpillar Inc. 8-K:5,9 4/30/18 2:713K 5/02/18 Caterpillar Inc. 10-Q 3/31/18 113:27M 4/25/18 Caterpillar Inc. DEF 14A 6/13/18 2:8M DG3/FA 4/13/18 Caterpillar Inc. 8-K:8,9 4/11/18 2:64K 4/10/18 Caterpillar Inc. 8-K:5 4/06/18 3:3.2M 2/21/18 Caterpillar Inc. 8-K/A:5 2/21/18 1:36K 2/15/18 Caterpillar Inc. 10-K 12/31/17 152:51M 1/05/18 Caterpillar Inc. 8-K:5 12/31/17 1:36K |