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Investments in Unconsolidated Affiliated Companies (Tables)
9 Months Ended
Sep. 30, 2011
Investments in Unconsolidated Affiliated Companies 
Results of Operations of unconsolidated affiliated companies

 

 

Results of Operations of unconsolidated affiliated companies:
(Millions of dollars)

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Sales

 

$302

 

$216

 

$741

 

$580

 

Cost of sales

 

257

 

171

 

616

 

445

 

Gross profit

 

$45

 

$45

 

$125

 

$135

 

 

 

 

 

 

 

 

 

 

 

Profit (loss)

 

$(12)

 

$(10)

 

$(46)

 

$(12)

 

 

 

 

 

 

 

 

 

 

Financial Position of unconsolidated affiliated companies

Financial Position of unconsolidated affiliated companies:

(Millions of dollars)

 

September 30,
2011
1

 

December 31,
2010

 

Assets:

 

 

 

 

 

Current assets

 

$310

 

$414

 

Property, plant and equipment — net

 

172

 

196

 

Other assets

 

7

 

39

 

 

 

489

 

649

 

Liabilities:

 

 

 

 

 

Current liabilities

 

202

 

274

 

Long-term debt due after one year

 

74

 

72

 

Other liabilities

 

12

 

40

 

 

 

288

 

386

 

Equity

 

$201

 

$263

 

 

1 The decrease is due to the sale of our ownership in NC2 Global LLC (NC2), which occurred on September 29, 2011.

Caterpillar's investments in unconsolidated affiliated companies

Caterpillar’s investments in unconsolidated affiliated companies:

(Millions of dollars)

 

September 30,
2011

 

December 31,
2010

 

Investments in equity method companies

 

$99

 

$135

 

Plus: Investments in cost method companies

 

22

 

29

 

Total investments in unconsolidated affiliated companies

 

$121

 

$164