Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name CATERPILLAR INC
CIK 0000018230
Accession number 0000018230-14-000058
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/18230/000001823014000058/cat-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Issue related to us-gaap:DeferredTaxAssetsNet
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The amount of deferred income taxes at December 31, included on the following lines in Statement 3, are as follows:
 
 
 
December 31,
(Millions of dollars)
 
2013
 
2012
 
2011
Assets:
 
 

 
 

 
 

Deferred and refundable income taxes
 
$
877

 
$
979

 
$
1,044

Noncurrent deferred and refundable income taxes
 
456

 
1,863

 
2,005

 
 
1,333

 
2,842

 
3,049

Liabilities:
 
 

 
 

 
 

Other current liabilities
 
86

 
66

 
69

Other liabilities
 
447

 
484

 
559

Deferred income taxes—net
 
$
800

 
$
2,292

 
$
2,421

 
 
 
 
 
 
 
 
Deferred income tax assets and liabilities:
 
 
 
 
 
 
 
 
December 31,
(Millions of dollars)
 
2013
 
2012
 
2011
Deferred income tax assets:
 
 

 
 

 
 

Pension
 
$
903

 
$
2,100

 
$
2,130

Postemployment benefits other than pensions
 
1,435

 
1,678

 
1,622

Tax carryforwards
 
760

 
663

 
821

Warranty reserves
 
313

 
358

 
338

Stock-based compensation
 
320

 
281

 
232

Inventory
 
112

 
195

 
148

Allowance for credit losses
 
184

 
170

 
131

Post sale discounts
 
146

 
141

 
141

Deferred compensation
 
126

 
110

 
102

Other—net
 
524

 
491

 
537

 
 
4,823

 
6,187

 
6,202

 
 
 
 
 
 
 
Deferred income tax liabilities:
 
 

 
 

 
 

Capital and intangible assets
 
(2,815
)
 
(2,759
)
 
(2,866
)
Bond discount
 
(240
)
 
(249
)
 
(37
)
Translation
 
(133
)
 
(173
)
 
(193
)
Undistributed profits of non-U.S. subsidiaries
 
(90
)
 
(128
)
 
(215
)
 
 
(3,278
)
 
(3,309
)
 
(3,311
)
Valuation allowance for deferred tax assets
 
(745
)
 
(586
)
 
(470
)
Deferred income taxes—net
 
$
800

 
$
2,292

 
$
2,421

 
 
 
 
 
 
 
 

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 4,823,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -745,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,333,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -3,278,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 800,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 2,745,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 877,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 456,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current -86,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -447,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 800,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,333,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -3,278,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 800,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 2,745,000,000

*

*

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