What is Caterpillar corporation tax rate for 2019 and what is the corporation net interest expense...

What is Caterpillar corporation tax rate for 2019 and what is the corporation net interest expense for 2019. Please provide answer in detail.

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What is Caterpillar corporation tax rate for 2019?

Go to Sec.gov and refer the annual report of Caterpillar for 2019. Go to page- 30. You find this text:

The provision for income taxes for 2019 reflected an annual effective tax rate of 25.2 percent, compared with 24.1 percent for 2018, excluding the discrete items discussed in the following paragraph. The increase from 2018 was largely driven by the application of U.S. tax reform provisions to the earnings of certain non-U.S. subsidiaries, which do not have a calendar fiscal year-end. These provisions did not apply to these subsidiaries in 2018.

What is the corporation net interest expense for 2019?

Go to Sec.gov and refer the annual report of Caterpillar for 2019. Go to page- 30. You find this text:

Interest expense excluding Financial Products in 2019 was $421 million, compared with $404 million in 2018. The increase was due to higher average debt outstanding during 2019 than 2018.

ekkarill92 answered 2 years ago

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