10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000026172-17-000012 |
| Period End Date | 20170331 |
| Filing Date | 20170502 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | cmi-20170402.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
96 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$2.50 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$2.50 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$915.00M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
222.40M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.12B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
222.30M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.32B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.71B | USD | Point-in-time |
| Marketable securities (Note 5) |
AvailableForSaleSecurities
|
$260.00M | USD | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
54.40M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
54.20M | shares | Point-in-time |
| Marketable securities (Note 5) |
AvailableForSaleSecurities
|
$145.00M | USD | Point-in-time |
| Common stock held by employee benefits trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
600,000.00 | shares | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$1.38B | USD | Point-in-time |
| Common stock held by employee benefits trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
700,000.00 | shares | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$1.47B | USD | Point-in-time |
| Trade and other |
AccountsNotesAndLoansReceivableNetCurrent
|
$2.98B | USD | Point-in-time |
| Trade and other |
AccountsNotesAndLoansReceivableNetCurrent
|
$2.80B | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$267.00M | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$222.00M | USD | Point-in-time |
| Inventories (Note 6) |
InventoryNet
|
$2.89B | USD | Point-in-time |
| Inventories (Note 6) |
InventoryNet
|
$2.67B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$627.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$551.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.71B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$8.16B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$7.63B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$7.75B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$3.83B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$3.94B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.80B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.80B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$946.00M | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.06B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$480.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$482.00M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$345.00M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$332.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$731.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$785.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.00B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.01B | USD | Point-in-time |
| Total assets |
Assets
|
$15.63B | USD | Point-in-time |
| Total assets |
Assets
|
$15.01B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$1.85B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$2.17B | USD | Point-in-time |
| Loans payable (Note 7) |
ShortTermBankLoansAndNotesPayable
|
$48.00M | USD | Point-in-time |
| Loans payable (Note 7) |
ShortTermBankLoansAndNotesPayable
|
$41.00M | USD | Point-in-time |
| Commercial paper (Note 7) |
CommercialPaper
|
$274.00M | USD | Point-in-time |
| Commercial paper (Note 7) |
CommercialPaper
|
$212.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$334.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$412.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 8) |
ProductWarrantyAccrualClassifiedCurrent
|
$333.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 8) |
ProductWarrantyAccrualClassifiedCurrent
|
$352.00M | USD | Point-in-time |
| Current portion of deferred revenue |
DeferredRevenueCurrent
|
$498.00M | USD | Point-in-time |
| Current portion of deferred revenue |
DeferredRevenueCurrent
|
$468.00M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$941.00M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$970.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 7) |
LongTermDebtCurrent
|
$35.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 7) |
LongTermDebtCurrent
|
$47.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.33B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.66B | USD | Point-in-time |
| Long-term debt (Note 7) |
LongTermDebtAndCapitalLeaseObligations
|
$1.58B | USD | Point-in-time |
| Long-term debt (Note 7) |
LongTermDebtAndCapitalLeaseObligations
|
$1.57B | USD | Point-in-time |
| Postretirement benefits other than pensions |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$329.00M | USD | Point-in-time |
| Postretirement benefits other than pensions |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$317.00M | USD | Point-in-time |
| Pensions |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$325.00M | USD | Point-in-time |
| Pensions |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$326.00M | USD | Point-in-time |
| Other liabilities and deferred revenue |
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
$1.28B | USD | Point-in-time |
| Other liabilities and deferred revenue |
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
$1.29B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.84B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.16B | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.3 and 222.4 shares issued |
CommonStockValue
|
$2.15B | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.3 and 222.4 shares issued |
CommonStockValue
|
$2.16B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$11.04B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$11.27B | USD | Point-in-time |
| Treasury stock, at cost, 54.4 and 54.2 shares |
TreasuryStockValue
|
$4.52B | USD | Point-in-time |
| Treasury stock, at cost, 54.4 and 54.2 shares |
TreasuryStockValue
|
$4.49B | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.6 and 0.7 shares |
CommonStockIssuedEmployeeStockTrust
|
$8.00M | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.6 and 0.7 shares |
CommonStockIssuedEmployeeStockTrust
|
$7.00M | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 10) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.73B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 10) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.82B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$6.88B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$7.17B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$311.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$299.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.75B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.17B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.48B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.26B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$15.63B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$15.01B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES |
SalesRevenueNet
|
$4.29B | USD | 1 Quarter |
| NET SALES |
SalesRevenueNet
|
$4.59B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$3.46B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$3.23B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.13B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.06B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$490.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$537.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$166.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$158.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 4) |
EquityRoyaltyAndInterestIncomeFromInvestees
|
$72.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 4) |
EquityRoyaltyAndInterestIncomeFromInvestees
|
$108.00M | USD | 1 Quarter |
| Other operating income (expense), net |
OtherOperatingIncomeExpenseNet
|
$5.00M | USD | 1 Quarter |
| Other operating income (expense), net |
OtherOperatingIncomeExpenseNet
|
$-2.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$470.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$546.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$6.00M | USD | 1 Quarter |
| Interest expense (Note 7) |
InterestExpense
|
$18.00M | USD | 1 Quarter |
| Interest expense (Note 7) |
InterestExpense
|
$19.00M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$8.00M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$18.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$548.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$465.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$143.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$132.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$333.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$405.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$12.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$396.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$321.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.87 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$2.36 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.87 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$2.36 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
167.50M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
171.80M | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
500,000.00 | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200,000.00 | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
172.00M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
168.00M | shares | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.97 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.02 | USD | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$267.00M | USD | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$242.00M | USD | 1 Quarter |
Cash Flow Statement
77 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$333.00M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$405.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$128.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$139.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-2.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$10.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends (Note 4) |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$48.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends (Note 4) |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$83.00M | USD | 1 Quarter |
| Pension contributions in excess of expense (Note 3) |
PensionContributionsExpenseNet
|
$-23.00M | USD | 1 Quarter |
| Pension contributions in excess of expense (Note 3) |
PensionContributionsExpenseNet
|
$-50.00M | USD | 1 Quarter |
| Other post-retirement benefits payments in excess of expense (Note 3) |
OtherPostRetirementBenefitPaymentsinExcessofExpense
|
$10.00M | USD | 1 Quarter |
| Other post-retirement benefits payments in excess of expense (Note 3) |
OtherPostRetirementBenefitPaymentsinExcessofExpense
|
$8.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$7.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$5.00M | USD | 1 Quarter |
| Restructuring charges and other actions, net of cash payments |
Restructuringpaymentschargesnetofpaymentsdebitcredit
|
$-25.00M | USD | 1 Quarter |
| Restructuring charges and other actions, net of cash payments |
Restructuringpaymentschargesnetofpaymentsdebitcredit
|
- | USD | 1 Quarter |
| Translation and hedging activities |
UnrealizedGainLossOnTranslationAndHedgingActivities
|
$14.00M | USD | 1 Quarter |
| Translation and hedging activities |
UnrealizedGainLossOnTranslationAndHedgingActivities
|
$-11.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$98.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$205.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$54.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$202.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-188.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-73.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$107.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$296.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-90.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-283.00M | USD | 1 Quarter |
| Changes in other liabilities and deferred revenue |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-78.00M | USD | 1 Quarter |
| Changes in other liabilities and deferred revenue |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-48.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-10.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-3.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$379.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$267.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$81.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$71.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$13.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$27.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$20.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$25.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions (Note 5) |
PaymentsToAcquireMarketableSecurities
|
$26.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions (Note 5) |
PaymentsToAcquireMarketableSecurities
|
$291.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 5) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$35.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 5) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$147.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$26.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$24.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-4.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-3.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-27.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-388.00M | USD | 1 Quarter |
| Proceeds from borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$105.00M | USD | 1 Quarter |
| Net borrowings of commercial paper (Note 7) |
ProceedsFromRepaymentsOfCommercialPaper
|
$62.00M | USD | 1 Quarter |
| Net borrowings of commercial paper (Note 7) |
ProceedsFromRepaymentsOfCommercialPaper
|
$50.00M | USD | 1 Quarter |
| Payments on borrowings and capital lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$15.00M | USD | 1 Quarter |
| Payments on borrowings and capital lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$11.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$10.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$10.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$170.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$171.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$575.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$51.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$17.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-21.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-164.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-636.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-39.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$14.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-796.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$202.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$915.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.12B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.32B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.71B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$915.00M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.12B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.32B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.71B | USD | Point-in-time |
Stockholders Equity
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.75B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.17B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.48B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.26B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$333.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$405.00M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (Note 11) |
OtherComprehensiveIncomeLossNetOfTax
|
$102.00M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (Note 11) |
OtherComprehensiveIncomeLossNetOfTax
|
$-69.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$2.00M | USD | 1 Quarter |
| Employee benefits trust activity |
EmployeeBenefitsTrustActivity
|
$11.00M | USD | 1 Quarter |
| Employee benefits trust activity |
EmployeeBenefitsTrustActivity
|
$10.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$51.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$575.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$170.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$171.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$10.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$10.00M | USD | 1 Quarter |
| Stock based awards, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$15.00M | USD | 1 Quarter |
| Stock based awards, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.00M | USD | 1 Quarter |
| Acquisition of noncontrolling interests |
MinorityInterestDecreaseFromRedemptions
|
$13.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$-2.00M | USD | 1 Quarter |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.75B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.17B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.48B | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.26B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$333.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$405.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-57.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$80.00M | USD | 1 Quarter |
| Unrealized gain (loss) on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-21.00M | USD | 1 Quarter |
| Unrealized gain (loss) on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$1.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-21.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-9.00M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$102.00M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-69.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$264.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$507.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$22.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$12.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$252.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$485.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.