10-Q Filing

CUMMINS INC CIK: 26172 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000026172-17-000027`
Period End Date	20170930
Filing Date	20171031
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	cmi2017finalq310-qdocu_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 96 Cash Flow Statement 88 Stockholders Equity 31 Comprehensive Income 36

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
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`	222.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Marketable securities (Note 5)	`AvailableForSaleSecurities`	$154.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	54.20M	shares	Point-in-time
Marketable securities (Note 5)	`AvailableForSaleSecurities`	$260.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	56.40M	shares	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$1.38B	USD	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$1.44B	USD	Point-in-time
Common stock held by employee benefits trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	600,000.00	shares	Point-in-time
Common stock held by employee benefits trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	700,000.00	shares	Point-in-time
Trade and other	`AccountsNotesAndLoansReceivableNetCurrent`	$2.80B	USD	Point-in-time
Trade and other	`AccountsNotesAndLoansReceivableNetCurrent`	$3.53B	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$222.00M	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$278.00M	USD	Point-in-time
Inventories (Note 6)	`InventoryNet`	$2.67B	USD	Point-in-time
Inventories (Note 6)	`InventoryNet`	$3.15B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$656.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$627.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.71B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.06B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$7.90B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$7.63B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.08B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.83B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.80B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.82B	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`	$1.21B	USD	Point-in-time
Goodwill	`Goodwill`	$480.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$964.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$332.00M	USD	Point-in-time
Pension assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$912.00M	USD	Point-in-time
Pension assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$731.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.01B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$995.00M	USD	Point-in-time
Total assets	`Assets`	$15.01B	USD	Point-in-time
Total assets	`Assets`	$17.99B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$2.49B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$1.85B	USD	Point-in-time
Loans payable (Note 7)	`ShortTermBankLoansAndNotesPayable`	$64.00M	USD	Point-in-time
Loans payable (Note 7)	`ShortTermBankLoansAndNotesPayable`	$41.00M	USD	Point-in-time
Commercial paper (Note 7)	`CommercialPaper`	$514.00M	USD	Point-in-time
Commercial paper (Note 7)	`CommercialPaper`	$212.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$674.00M	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`	$462.00M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$528.00M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$468.00M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$968.00M	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`	$62.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.33B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.76B	USD	Point-in-time
Long-term debt (Note 7)	`LongTermDebtAndCapitalLeaseObligations`	$1.57B	USD	Point-in-time
Long-term debt (Note 7)	`LongTermDebtAndCapitalLeaseObligations`	$1.61B	USD	Point-in-time
Postretirement benefits other than pensions	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$329.00M	USD	Point-in-time
Postretirement benefits other than pensions	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$319.00M	USD	Point-in-time
Pensions	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$328.00M	USD	Point-in-time
Pensions	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$326.00M	USD	Point-in-time
Other liabilities and deferred revenue	`OtherLiabilitiesAndDeferredRevenueNoncurrent`	$1.41B	USD	Point-in-time
Other liabilities and deferred revenue	`OtherLiabilitiesAndDeferredRevenueNoncurrent`	$1.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.43B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.84B	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, 222.4 and 222.4 shares issued	`CommonStockValue`	$2.15B	USD	Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued	`CommonStockValue`	$2.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.79B	USD	Point-in-time
Treasury stock, at cost, 56.4 and 54.2 shares	`TreasuryStockValue`	$4.85B	USD	Point-in-time
Treasury stock, at cost, 56.4 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`	$-1.50B	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`	$7.63B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$932.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$299.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.56B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.75B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.17B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$17.99B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$15.01B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$5.29B	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$14.95B	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$4.19B	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$13.01B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$9.67B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$11.24B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$3.11B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.95B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$3.33B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$1.08B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$3.72B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$1.34B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.76B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$513.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.53B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$624.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$157.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$213.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$545.00M	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$478.00M	USD	3 Qtrs
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$95.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$74.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$301.00M	USD	3 Qtrs
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$234.00M	USD	3 Qtrs
Loss contingency (Note 9)	`LossContingencyLossInPeriod`	$99.00M	USD	1 Quarter
Loss contingency (Note 9)	`LossContingencyLossInPeriod`	-	USD	3 Qtrs
Loss contingency (Note 9)	`LossContingencyLossInPeriod`	-	USD	1 Quarter
Loss contingency (Note 9)	`LossContingencyLossInPeriod`	$138.00M	USD	3 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$55.00M	USD	3 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$-2.00M	USD	3 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$32.00M	USD	1 Quarter
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.77B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.42B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$629.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$384.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.00M	USD	3 Qtrs
Interest expense (Note 7)	`InterestExpense`	$57.00M	USD	3 Qtrs
Interest expense (Note 7)	`InterestExpense`	$18.00M	USD	1 Quarter
Interest expense (Note 7)	`InterestExpense`	$16.00M	USD	1 Quarter
Interest expense (Note 7)	`InterestExpense`	$51.00M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$34.00M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$45.00M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$8.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$382.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$622.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.77B	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.42B	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$362.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$165.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$82.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$466.00M	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$300.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.30B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$457.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.06B	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$44.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.27B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.02B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$289.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$453.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$7.62	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.99	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.99	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$7.60	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.71	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	166.30M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	167.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	167.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	169.50M	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	700,000.00	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	200,000.00	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	600,000.00	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	400,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.60M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	169.70M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	168.20M	shares	1 Quarter
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.02	USD	1 Quarter
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.13	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.98	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.08	USD	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$835.00M	USD	3 Qtrs
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$285.00M	USD	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$275.00M	USD	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$793.00M	USD	3 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.30B	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$457.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.06B	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$391.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$433.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$60.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$26.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$94.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$166.00M	USD	3 Qtrs
Pension contributions in excess of expense (Note 3)	`PensionContributions`	$92.00M	USD	3 Qtrs
Pension contributions in excess of expense (Note 3)	`PensionContributions`	$63.00M	USD	3 Qtrs
Other post retirement benefits payments in excess of expense (Note 3)	`OtherPostretirementBenefitsPayments`	$4.00M	USD	3 Qtrs
Other post retirement benefits payments in excess of expense (Note 3)	`OtherPostretirementBenefitsPayments`	$16.00M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$34.00M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$28.00M	USD	3 Qtrs
Restructuring payments	`PaymentsForRestructuring`	-	USD	3 Qtrs
Restructuring payments	`PaymentsForRestructuring`	$53.00M	USD	3 Qtrs
Loss contingency (Note 9)	`LossContingencyAccrualCarryingValuePeriodIncreaseDecrease`	$138.00M	USD	3 Qtrs
Loss contingency (Note 9)	`LossContingencyAccrualCarryingValuePeriodIncreaseDecrease`	-	USD	3 Qtrs
Translation and hedging activities	`ForeignCurrencyTransactionGainLossBeforeTax`	$-61.00M	USD	3 Qtrs
Translation and hedging activities	`ForeignCurrencyTransactionGainLossBeforeTax`	$39.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$112.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$722.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$150.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$401.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-138.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$28.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$567.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$101.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$369.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-279.00M	USD	3 Qtrs
Changes in other liabilities and deferred revenue	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-177.00M	USD	3 Qtrs
Changes in other liabilities and deferred revenue	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-188.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-45.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$115.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.31B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.47B	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$312.00M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$282.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$42.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$59.00M	USD	3 Qtrs
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfProductiveAssets`	$104.00M	USD	3 Qtrs
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfProductiveAssets`	$11.00M	USD	3 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireEquityMethodInvestments`	$71.00M	USD	3 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireEquityMethodInvestments`	$29.00M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired (Note 11)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$600.00M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired (Note 11)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.00M	USD	3 Qtrs
Investments in marketable securitiesacquisitions (Note 5)	`PaymentsToAcquireMarketableSecurities`	$447.00M	USD	3 Qtrs
Investments in marketable securitiesacquisitions (Note 5)	`PaymentsToAcquireMarketableSecurities`	$106.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 5)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$218.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 5)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$291.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$64.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-9.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-786.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-590.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$111.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$4.00M	USD	3 Qtrs
Net borrowings of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$273.00M	USD	3 Qtrs
Net borrowings of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$302.00M	USD	3 Qtrs
Payments on borrowings and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$156.00M	USD	3 Qtrs
Payments on borrowings and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$38.00M	USD	3 Qtrs
Net borrowings under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebt`	$25.00M	USD	3 Qtrs
Net borrowings under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebt`	$19.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$42.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$29.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$505.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$522.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$391.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$745.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$55.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-600.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.04B	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$85.00M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-139.00M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$170.00M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-460.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	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`	$1.29B	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.56B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.26B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.75B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.17B	USD	Point-in-time
Net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.30B	USD	3 Qtrs
Net income	`ProfitLoss`	$457.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.06B	USD	3 Qtrs
Other comprehensive income (loss), net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$-287.00M	USD	3 Qtrs
Other comprehensive income (loss), net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$109.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$329.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$5.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$5.00M	USD	3 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$15.00M	USD	3 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$22.00M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$745.00M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$391.00M	USD	3 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$522.00M	USD	3 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$505.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$49.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$29.00M	USD	3 Qtrs
Stock based awards, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$33.00M	USD	3 Qtrs
Stock based awards, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.00M	USD	3 Qtrs
Acquisition of business	`NoncontrollingInterestIncreaseFromBusinessCombination`	$600.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-44.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-8.00M	USD	3 Qtrs
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.56B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.26B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.75B	USD	Point-in-time
BALANCE	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.17B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
CONSOLIDATED NET INCOME	`ProfitLoss`	$300.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.30B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$457.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.06B	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-13.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-31.00M	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-16.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-52.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-299.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$276.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$94.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-29.00M	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00M	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00M	USD	3 Qtrs
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-1.00M	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	3 Qtrs
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$7.00M	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-20.00M	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-287.00M	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$109.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$329.00M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.63B	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$291.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$566.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$773.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$41.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$42.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.59B	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$564.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$732.00M	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$277.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.