DIVIDEND PAYMENTS

$1.8 billion

Our dividend has remained a high priority throughout this difficult economic cycle and in 2016 we paid $1.8 billion in dividends to shareholders.

Caterpillar has paid a cash dividend every year since the Company was formed and has paid a quarterly dividend since 1933.

COST REDUCTION

~$2.3 billion

Period costs and variable manufacturing costs were $2.3 billion lower in 2016 – restructuring and cost reduction actions and lower incentive pay helped mitigate the impact of lower sales.

STRONG BALANCE SHEET

$7.2 billion

Despite significant restructuring costs, we ended 2016 with $7.168 billion of cash on the balance sheet and Machinery, Energy & Transportation (ME&T) debt-to-capital ratio at 41%.