Investments in Unconsolidated Affiliated Companies

6 Months Ended

Jun. 30, 2012

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 June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Sales	$	206	$	241		$	372	$	439
Cost of sales	160		198			286		359
Gross profit	$	46	$	43		$	86	$	80

Profit (loss)	$	12	$	(17	)	$	22	$	(34	)



Financial Position of unconsolidated affiliated companies: (Millions of dollars)	June 30, 2012		December 31, 2011
Assets:
Current assets	$	332	$	345
Property, plant and equipment — net	107		200
Other assets	17		9
	456		554
Liabilities:
Current liabilities	197		220
Long-term debt due after one year	50		72
Other liabilities	9		17
	256		309
Equity	$	200	$	245



Caterpillar’s investments in unconsolidated affiliated companies: (Millions of dollars)	June 30, 2012		December 31, 2011
Investments in equity method companies	$	108	$	111
Plus: Investments in cost method companies	16		22
Total investments in unconsolidated affiliated companies	$	124	$	133

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References+ Details