Item 1A. Risk Factors

3K characters. Original on sec.gov · Markdown

Item 1A. Risk Factors

There have been no material changes to the risk factors we previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities


Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value of Shares that May Yet be Purchased under the Program (in billions)1
April 1-30, 2024	604,829	$	363.54	604,829		$	3.150
May 1-31, 2024	2,843,633	$	344.58	2,843,633	2	$	1.920
June 1-30, 2024	1,129,561	$	327.55	1,129,561		$	21.550
Total	4,578,023	$	342.88	4,578,023

1 In May 2022, the Board approved a share repurchase authorization (the 2022 Authorization) of up to $15.0 billion of Caterpillar common stock effective August 1, 2022, with no expiration. In June 2024, the Board approved a share repurchase authorization (the 2024 Authorization) of up to $20.0 billion of Caterpillar common stock, effective June 12, 2024, with no expiration. As of June 30, 2024, approximately $21.6 billion remained available under the 2024 and 2022 Authorizations.
2 Includes shares acquired pursuant to the accelerated share repurchase agreements entered into during the second quarter of 2024.

Non-U.S. Employee Stock Purchase Plans

As of June 30, 2024, we had 33 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S. employees, which had approximately 15,000 active participants in the aggregate. During the second quarter of 2024, approximately 51,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.

Previous: Item 4. Controls and Procedures · Next: Item 5. Other Information