9 unchanged sentences
under the Program (in billions) 1
−Removed: April 1-30, 2025 1,790,132 $ 295.04 1,790,132 $ 15.940
−Removed: May 1-31, 2025 543,069 $ 331.42 543,069 $ 15.760
−Removed: June 1-30, 2025 332,974 $ 360.36 332,974 $ 15.640
+Added: July 1-31, 2025 321,671 $ 410.33 321,671 $ 15.508
+Added: August 1-31, 2025 297,850 $ 423.01 297,850 $ 15.382
+Added: September 1-30, 2025 228,478 $ 446.41 228,478 $ 15.280
Total 847,999 $ 424.50 847,999
1 unchanged sentence
In June 2024, the Board approved an additional share repurchase authorization (the 2024 Authorization) of up to $20.0 billion of Caterpillar common stock, effective June 12, 2024, with no expiration.
−Removed: As of March 31,2025, the 2022 Authorization was fully utilized and as of June 30,2025, approximately $15.6 billion remained available under the 2024 Authorization.
+Added: As of March 31,2025, the 2022 Authorization was fully utilized and as of September 30,2025, approximately $15.3 billion remained available under the 2024 Authorization.
Employee Stock Purchase Plans
−Removed: As of June 30, 2025, we had 38 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S.
+Added: As of September 30, 2025, we had 38 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S.
employees, which had approximately 17,000 active participants in the aggregate.
−Removed: During the second quarter of 2025, approximately 58,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
+Added: During the third quarter of 2025, approximately 46,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.