Caterpillar and It's Subsidiaries
Advanced Accounting Paper #2
Chris Till
Caterpillar Inc. was originally organized as Caterpillar Tractor Co. in 1925 in the State of California. It was created in a merger of the Holt Manufacturing Company and the C. L. Best Tractor Company. In 1986, the company reorganized as Caterpillar Inc. The company’s headquarters is now located in Peoria, IL. Their principal business activity is the design, manufacturing, marketing and sales of machinery and engines. They also sell financial products and insurance to customers through a worldwide dealer network. Caterpillar is the world 's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. With more than $70 billion in assets, Caterpillar is ranked number one in its industry. The company operates in three principal lines of business: Machinery— Includes the design, manufacture, marketing and sales of construction, mining and forestry machinery—track and wheel tractors, track and wheel loaders, pipe-layers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment and related parts.
Engines— Includes the design, manufacture, marketing and sales of engines for Caterpillar machinery; electric power generation systems; marine, petroleum, construction, industrial, agricultural and other applications and related parts. Also includes remanufacturing of Caterpillar engines and a variety of Caterpillar machine and engine components and remanufacturing services for other companies.
Financial Products— Consists primarily of Caterpillar Financial Services Corporation (Cat Financial), Caterpillar Insurance Holdings Inc. (Cat Insurance) and their respective subsidiaries. Cat Financial provides a wide range of financing alternatives to customers and dealers for
Chris Till
Caterpillar Inc. was originally organized as Caterpillar Tractor Co. in 1925 in the State of California. It was created in a merger of the Holt Manufacturing Company and the C. L. Best Tractor Company. In 1986, the company reorganized as Caterpillar Inc. The company’s headquarters is now located in Peoria, IL. Their principal business activity is the design, manufacturing, marketing and sales of machinery and engines. They also sell financial products and insurance to customers through a worldwide dealer network. Caterpillar is the world 's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. With more than $70 billion in assets, Caterpillar is ranked number one in its industry. The company operates in three principal lines of business: Machinery— Includes the design, manufacture, marketing and sales of construction, mining and forestry machinery—track and wheel tractors, track and wheel loaders, pipe-layers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment and related parts.
Engines— Includes the design, manufacture, marketing and sales of engines for Caterpillar machinery; electric power generation systems; marine, petroleum, construction, industrial, agricultural and other applications and related parts. Also includes remanufacturing of Caterpillar engines and a variety of Caterpillar machine and engine components and remanufacturing services for other companies.
Financial Products— Consists primarily of Caterpillar Financial Services Corporation (Cat Financial), Caterpillar Insurance Holdings Inc. (Cat Insurance) and their respective subsidiaries. Cat Financial provides a wide range of financing alternatives to customers and dealers for