IRVING, Texas — A North Texas-based construction and mining equipment manufacturer is expecting tariff costs of up to $1.5 billion this year, the company says .

The projection comes as the company, Caterpillar, which is headquartered in Irving, reported this week that the its sales and revenues dipped 1% year-over-year to $16.6 billion.

The company's sales revenues are split into three segments: construction industries, resource industries and energy and transportation. The construction segment saw a 7% year-over-year drop in total sales in the second quarter of the year to $6.19 billion, and profits slump 29% to $1.24 billion. The resource industries segment saw total sales dip 4% year-over-year in the second quarter to $3.09 billion and profits drop 25% to $537 million. The energy

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