

Computations of profit per share:	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions except per share data)	2026		2025		2026		2025
Profit for the period (A) 1	$	3,287	$	2,300	$	9,429	$	6,482
Determination of shares (in millions):
Weighted-average number of common shares outstanding (B)	459.1		468.6		461.0		471.3
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price	1.8		2.2		2.2		2.1
Average common shares outstanding for fully diluted computation (C) 2	460.9		470.8		463.2		473.4
Profit per share of common stock:
Basic (A/B)	$	7.16	$	4.91	$	20.45	$	13.76
Diluted (A/C) 2	$	7.13	$	4.88	$	20.36	$	13.69
Shares outstanding as of September 30, (in millions)					457.6		468.0

1 Profit attributable to common shareholders.
2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.

For both the three and nine months ended September 30, 2026, we excluded 0.1 million of outstanding stock-based compensation awards from the computation of diluted profit per share because the effect would have been antidilutive. For the three months ended September 30, 2025, there were no antidilutive stock-based compensation awards outstanding. For the nine months ended September 30, 2025, we excluded 0.4 million of outstanding stock-based compensation awards from the computation of diluted profit per share because the effect would have been antidilutive.

For the three and nine months ended September 30, 2026, we repurchased 2.2 million and 9.1 million shares of Caterpillar common stock, respectively, at an aggregate cost of $2.1 billion and $7.1 billion, respectively. For the three and nine months ended September 30, 2025, we repurchased 0.8 million and 11.0 million shares of Caterpillar common stock, respectively, at an aggregate cost of $0.4 billion and $4.0 billion, respectively. We made these purchases through the combination of accelerated share repurchase (ASR) agreements with third-party financial institutions and open market transactions in 2026 and 2025.

In the first quarter of 2026, we entered into ASR agreements to repurchase an aggregate of $4.50 billion of common stock. We advanced the $4.50 billion and received approximately 4.8 million shares of Caterpillar common stock, approximately 70% of the estimated final number of shares to be repurchased, with a value of $3.15 billion. In the second quarter of 2026, we entered into ASR agreements to repurchase an aggregate of $1.00 billion of common stock. We advanced the $1.00 billion and received approximately 0.8 million shares of Caterpillar common stock, approximately 75% of the estimated final number of shares to be repurchased, with a value of $750 million. The final number of shares to ultimately be repurchased is based on the average of the daily volume-weighted average prices of our common stock during the term of the ASR agreements, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreements. The remaining $1.60 billion was evaluated as unsettled forward contracts and was classified as a reduction to Common stock within the Consolidated Statement of Financial Position.

In the third quarter of 2026, upon final settlement of one of the first quarter 2026 ASR agreements and of the second quarter 2026 ASR agreements, we received approximately 0.7 million additional shares. In October 2026, upon final settlement of the remaining first quarter 2026 ASR agreement, we received approximately 0.4 million additional shares.