CAT · 10-Q · 2026Q2 · Full report
Headcount / Restructuring
CATERPILLAR INC · 2026-08-05 · Importance 46 · Surprise 42 · From source text
Caterpillar expects restructuring costs of approximately $300 million to $350 million in 2026, primarily associated with the divestiture of certain non-U.S. entities. The company recorded a $139 million loss in the second quarter related to the divestiture, with no related tax benefit. Prior restructuring actions are expected to provide approximately $39 million of incremental operating-cost benefits in 2026 versus 2025, primarily through cost of goods sold and SG&A. Second-quarter restructuring costs increased primarily because of the non-U.S. entity divestiture.
Key facts
- In 2026 the company continues to expect restructuring costs of approximately $300 to $350 million. source
- We made $282 million of contributions to our pension and other postretirement benefit plans during the first six months of 2026 and currently anticipate full-year 2026 contributions of approximately $360 million. source
- The MD&A lists "union disputes or other employee relations issues" as a factor that could cause Caterpillar's actual results to differ materially from forward-looking statements. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | -0.8% | In 2026 the company continues to expect restructuring costs of approximately $300 to $350 million. |
| cash | negative | realized | -0.3% | We made $282 million of contributions to our pension and other postretirement benefit plans during the first six months of 2026 and… |
| cash | negative | probable | -0.0% | We made $282 million of contributions to our pension and other postretirement benefit plans during the first six months of 2026 and… |