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10-K Filing

CUMMINS INC CIK: 26172 FY 2018
Filing Information
Form Type 10-K
Accession Number 0000026172-19-000009
Period End Date 20181231
Filing Date 20190211
Fiscal Year 2018
Fiscal Period FY
XBRL Instance cmi201810-kdocument_htm.xml
Balance Sheet 99 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, 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.30B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.37B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 222.40M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.71B USD Point-in-time
Marketable securities (Note 5) AvailableForSaleSecuritiesCurrent $198.00M USD Point-in-time
Marketable securities (Note 5) AvailableForSaleSecuritiesCurrent $222.00M USD Point-in-time
Treasury stock, shares TreasuryStockShares 64.40M shares Point-in-time
Treasury stock, shares TreasuryStockShares 56.70M 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 $1.57B USD Point-in-time
Total cash, cash equivalents and marketable securities CashCashEquivalentsAndShortTermInvestments $1.52B USD Point-in-time
Common stock held by employee benefits trust, at cost, shares CommonStockSharesHeldInEmployeeTrustShares 500,000.00 shares Point-in-time
Common stock held by employee benefits trust, at cost, shares CommonStockSharesHeldInEmployeeTrustShares 400,000.00 shares Point-in-time
Trade and other AccountsNotesAndLoansReceivableNetCurrent $3.63B USD Point-in-time
Trade and other AccountsNotesAndLoansReceivableNetCurrent $3.31B USD Point-in-time
Nonconsolidated equity investees DueFromRelatedPartiesCurrent $231.00M USD Point-in-time
Nonconsolidated equity investees DueFromRelatedPartiesCurrent $307.00M USD Point-in-time
Inventories (Note 6) InventoryNet $3.76B USD Point-in-time
Inventories (Note 6) InventoryNet $3.17B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $577.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $668.00M USD Point-in-time
Total current assets AssetsCurrent $9.82B USD Point-in-time
Total current assets AssetsCurrent $8.93B USD Point-in-time
Property, plant and equipment, net (Note 7) PropertyPlantAndEquipmentNet $4.10B USD Point-in-time
Property, plant and equipment, net (Note 7) PropertyPlantAndEquipmentNet $3.93B USD Point-in-time
Investments and advances related to equity method investees (Note 3) InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.16B USD Point-in-time
Investments and advances related to equity method investees (Note 3) InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.22B USD Point-in-time
Investments and advances related to equity method investees (Note 3) InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $946.00M USD Point-in-time
Goodwill (Note 8) Goodwill $1.08B USD Point-in-time
Goodwill (Note 8) Goodwill $1.13B USD Point-in-time
Goodwill (Note 8) Goodwill $480.00M USD Point-in-time
Other intangible assets, net (Note 8) IntangibleAssetsNetExcludingGoodwill $973.00M USD Point-in-time
Other intangible assets, net (Note 8) IntangibleAssetsNetExcludingGoodwill $909.00M USD Point-in-time
Pension assets (Note 11) DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent $929.00M USD Point-in-time
Pension assets (Note 11) DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent $1.04B USD Point-in-time
Other assets OtherAssetsNoncurrent $966.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $962.00M USD Point-in-time
Total assets Assets $19.06B USD Point-in-time
Total assets Assets $18.07B USD Point-in-time
Total assets Assets $15.01B USD Point-in-time
Accounts payable (principally trade) AccountsPayableCurrent $2.58B USD Point-in-time
Accounts payable (principally trade) AccountsPayableCurrent $2.82B USD Point-in-time
Loans payable (Note 10) ShortTermBankLoansAndNotesPayable $57.00M USD Point-in-time
Loans payable (Note 10) ShortTermBankLoansAndNotesPayable $54.00M USD Point-in-time
Commercial paper (Note 10) CommercialPaper $780.00M USD Point-in-time
Commercial paper (Note 10) CommercialPaper $298.00M USD Point-in-time
Accrued compensation, benefits and retirement costs EmployeeRelatedLiabilitiesCurrent $811.00M USD Point-in-time
Accrued compensation, benefits and retirement costs EmployeeRelatedLiabilitiesCurrent $679.00M USD Point-in-time
Current portion of accrued product warranty (Note 9) ProductWarrantyAccrualClassifiedCurrent $454.00M USD Point-in-time
Current portion of accrued product warranty (Note 9) ProductWarrantyAccrualClassifiedCurrent $654.00M USD Point-in-time
Current portion of deferred revenue (Note 1) DeferredRevenueCurrent $500.00M USD Point-in-time
Current portion of deferred revenue (Note 1) DeferredRevenueCurrent $498.00M USD Point-in-time
Other accrued expenses (Note 12) AccruedLiabilitiesCurrent $852.00M USD Point-in-time
Other accrued expenses (Note 12) AccruedLiabilitiesCurrent $915.00M USD Point-in-time
Current maturities of long-term debt (Note 10) LongTermDebtCurrent $45.00M USD Point-in-time
Current maturities of long-term debt (Note 10) LongTermDebtCurrent $63.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.38B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.68B USD Point-in-time
Long-term debt (Note 10) LongTermDebtAndCapitalLeaseObligations $1.59B USD Point-in-time
Long-term debt (Note 10) LongTermDebtAndCapitalLeaseObligations $1.60B USD Point-in-time
Pensions and other postretirement benefits (Note 11) DefinedBenefitPensionPlanLiabilitiesNoncurrent $619.00M USD Point-in-time
Pensions and other postretirement benefits (Note 11) DefinedBenefitPensionPlanLiabilitiesNoncurrent $532.00M USD Point-in-time
Accrued product warranty (Note 9) ProductWarrantyAccrualNoncurrent $740.00M USD Point-in-time
Accrued product warranty (Note 9) ProductWarrantyAccrualNoncurrent $466.00M USD Point-in-time
Deferred revenue (Note 1) DeferredRevenueNoncurrent $604.00M USD Point-in-time
Deferred revenue (Note 1) DeferredRevenueNoncurrent $658.00M USD Point-in-time
Other liabilities (Note 12) OtherLiabilitiesAndDeferredRevenueNoncurrent $957.00M USD Point-in-time
Other liabilities (Note 12) OtherLiabilitiesAndDeferredRevenueNoncurrent $892.00M USD Point-in-time
Total liabilities Liabilities $10.80B USD Point-in-time
Total liabilities Liabilities $9.91B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued CommonStockValueOutstanding $2.21B USD Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued CommonStockValueOutstanding $2.27B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $11.46B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $12.92B USD Point-in-time
Treasury stock, at cost, 64.4 and 56.7 shares TreasuryStockValue $4.91B USD Point-in-time
Treasury stock, at cost, 64.4 and 56.7 shares TreasuryStockValue $6.03B USD Point-in-time
Common stock held by employee benefits trust, at cost, 0.4 and 0.5 shares CommonStockIssuedEmployeeStockTrust $7.00M USD Point-in-time
Common stock held by employee benefits trust, at cost, 0.4 and 0.5 shares CommonStockIssuedEmployeeStockTrust $5.00M USD Point-in-time
Accumulated other comprehensive loss (Note 15) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.81B USD Point-in-time
Accumulated other comprehensive loss (Note 15) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.50B USD Point-in-time
Total Cummins Inc. shareholders' equity StockholdersEquity $7.26B USD Point-in-time
Total Cummins Inc. shareholders' equity StockholdersEquity $7.35B USD Point-in-time
Noncontrolling interests (Note 17) MinorityInterest $905.00M USD Point-in-time
Noncontrolling interests (Note 17) MinorityInterest $911.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.75B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.16B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $18.07B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $19.06B USD Point-in-time
Income Statement 100 line items
Line Item Tag Value Unit Period
Net sales Revenues $17.51B USD Annual
Net sales Revenues $20.43B USD Annual
Net sales Revenues $6.13B USD 1 Quarter
Net sales Revenues $5.57B USD 1 Quarter
Net sales Revenues $23.77B USD Annual
Net sales Revenues $5.08B USD 1 Quarter
Net sales Revenues $5.94B USD 1 Quarter
Net sales Revenues $6.13B USD 1 Quarter
Net sales Revenues $4.59B USD 1 Quarter
Net sales Revenues $5.29B USD 1 Quarter
Net sales Revenues $5.48B USD 1 Quarter
Cost of sales CostOfRevenue $15.33B USD Annual
Cost of sales CostOfRevenue $18.03B USD Annual
Cost of sales CostOfRevenue $13.05B USD Annual
GROSS MARGIN GrossProfit $5.74B USD Annual
GROSS MARGIN GrossProfit $1.13B USD 1 Quarter
GROSS MARGIN GrossProfit $1.38B USD 1 Quarter
GROSS MARGIN GrossProfit $5.10B USD Annual
GROSS MARGIN GrossProfit $1.20B USD 1 Quarter
GROSS MARGIN GrossProfit $1.25B USD 1 Quarter
GROSS MARGIN GrossProfit $1.44B USD 1 Quarter
GROSS MARGIN GrossProfit $1.55B USD 1 Quarter
GROSS MARGIN GrossProfit $1.34B USD 1 Quarter
GROSS MARGIN GrossProfit $1.55B USD 1 Quarter
GROSS MARGIN GrossProfit $4.46B USD Annual
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $2.10B USD Annual
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $2.43B USD Annual
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $2.44B USD Annual
Research, development and engineering expenses ResearchAndDevelopmentExpense $902.00M USD Annual
Research, development and engineering expenses ResearchAndDevelopmentExpense $754.00M USD Annual
Research, development and engineering expenses ResearchAndDevelopmentExpense $637.00M USD Annual
Equity, royalty and interest income from investees (Note 3) IncomeLossFromEquityMethodInvestments $301.00M USD Annual
Equity, royalty and interest income from investees (Note 3) IncomeLossFromEquityMethodInvestments $357.00M USD Annual
Equity, royalty and interest income from investees (Note 3) IncomeLossFromEquityMethodInvestments $394.00M USD Annual
Loss contingency (Note 9) LossContingencyLossInPeriod $138.00M USD Annual
Loss contingency (Note 9) LossContingencyLossInPeriod - USD Annual
Loss contingency (Note 9) LossContingencyLossInPeriod $5.00M USD Annual
Other operating income (expense), net OtherOperatingIncomeExpenseNet $-6.00M USD Annual
Other operating income (expense), net OtherOperatingIncomeExpenseNet $-5.00M USD Annual
Other operating income (expense), net OtherOperatingIncomeExpenseNet $65.00M USD Annual
OPERATING INCOME OperatingIncomeLoss $1.88B USD Annual
OPERATING INCOME OperatingIncomeLoss $2.79B USD Annual
OPERATING INCOME OperatingIncomeLoss $2.33B USD Annual
Interest income InvestmentIncomeInterest $18.00M USD Annual
Interest income InvestmentIncomeInterest $35.00M USD Annual
Interest income InvestmentIncomeInterest $23.00M USD Annual
Interest expense (Note 10) InterestExpense $114.00M USD Annual
Interest expense (Note 10) InterestExpense $69.00M USD Annual
Interest expense (Note 10) InterestExpense $81.00M USD Annual
Other income, net OtherNonoperatingIncomeExpense $46.00M USD Annual
Other income, net OtherNonoperatingIncomeExpense $94.00M USD Annual
Other income, net OtherNonoperatingIncomeExpense $96.00M USD Annual
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.75B USD Annual
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.37B USD Annual
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.93B USD Annual
Income tax expense (Note 4) IncomeTaxExpenseBenefit $1.37B USD Annual
Income tax expense (Note 4) IncomeTaxExpenseBenefit $566.00M USD Annual
Income tax expense (Note 4) IncomeTaxExpenseBenefit $474.00M USD Annual
CONSOLIDATED NET INCOME ProfitLoss $1.46B USD Annual
CONSOLIDATED NET INCOME ProfitLoss $2.19B USD Annual
CONSOLIDATED NET INCOME ProfitLoss $994.00M USD Annual
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-5.00M USD Annual
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $62.00M USD Annual
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $46.00M USD Annual
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $-274.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $424.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $692.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $325.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $453.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $2.14B USD Annual
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $1.39B USD Annual
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $396.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $999.00M USD Annual
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $545.00M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC. NetIncomeLossAvailableToCommonStockholdersBasic $579.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $13.20 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $3.33 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.65 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.53 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $4.29 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $8.25 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $5.99 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $2.72 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.36 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-1.66 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.97 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.71 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $5.97 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $1.96 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $8.23 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $3.32 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.53 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.36 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $3.63 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $13.15 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $4.28 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-1.65 USD 1 Quarter
Sales to nonconsolidated equity investees RevenueFromRelatedParties $1.27B USD Annual
Sales to nonconsolidated equity investees RevenueFromRelatedParties $1.17B USD Annual
Sales to nonconsolidated equity investees RevenueFromRelatedParties $1.03B USD Annual
Cash Flow Statement 134 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $1.46B USD Annual
Consolidated net income ProfitLoss $2.19B USD Annual
Consolidated net income ProfitLoss $994.00M USD Annual
Impact of tax legislation, net (Note 4) AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $15.00M USD Annual
Impact of tax legislation, net (Note 4) AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities - USD Annual
Impact of tax legislation, net (Note 4) AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $820.00M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $583.00M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $611.00M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $530.00M USD Annual
Deferred income taxes (Note 4) DeferredIncomeTaxesAndTaxCredits $50.00M USD Annual
Deferred income taxes (Note 4) DeferredIncomeTaxesAndTaxCredits $-97.00M USD Annual
Deferred income taxes (Note 4) DeferredIncomeTaxesAndTaxCredits $-54.00M USD Annual
Equity in income of investees, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $123.00M USD Annual
Equity in income of investees, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $46.00M USD Annual
Equity in income of investees, net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $93.00M USD Annual
Pension contributions under (in excess of) expense, net (Note 11) PensionContributions $92.00M USD Annual
Pension contributions under (in excess of) expense, net (Note 11) PensionContributions $-49.00M USD Annual
Pension contributions under (in excess of) expense, net (Note 11) PensionContributions $161.00M USD Annual
Other post retirement benefits payments in excess of expense, net (Note 11) OtherPostretirementBenefitsPayments $5.00M USD Annual
Other post retirement benefits payments in excess of expense, net (Note 11) OtherPostretirementBenefitsPayments $19.00M USD Annual
Other post retirement benefits payments in excess of expense, net (Note 11) OtherPostretirementBenefitsPayments $25.00M USD Annual
Stock-based compensation expense (Note 16) ShareBasedCompensation $53.00M USD Annual
Stock-based compensation expense (Note 16) ShareBasedCompensation $32.00M USD Annual
Stock-based compensation expense (Note 16) ShareBasedCompensation $41.00M USD Annual
Loss contingency charges, net of payments (Note 9) LossContingencyAccrualCarryingValuePeriodIncreaseDecrease $5.00M USD Annual
Loss contingency charges, net of payments (Note 9) LossContingencyAccrualCarryingValuePeriodIncreaseDecrease $-62.00M USD Annual
Loss contingency charges, net of payments (Note 9) LossContingencyAccrualCarryingValuePeriodIncreaseDecrease $122.00M USD Annual
Loss (gain) on corporate owned life insurance PaymentsForProceedsFromLifeInsurancePolicies $52.00M USD Annual
Loss (gain) on corporate owned life insurance PaymentsForProceedsFromLifeInsurancePolicies $22.00M USD Annual
Loss (gain) on corporate owned life insurance PaymentsForProceedsFromLifeInsurancePolicies $-26.00M USD Annual
Foreign currency remeasurement and transaction exposure ForeignCurrencyTransactionGainLossBeforeTax $-71.00M USD Annual
Foreign currency remeasurement and transaction exposure ForeignCurrencyTransactionGainLossBeforeTax $55.00M USD Annual
Foreign currency remeasurement and transaction exposure ForeignCurrencyTransactionGainLossBeforeTax $46.00M USD Annual
Accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $363.00M USD Annual
Accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $508.00M USD Annual
Accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $265.00M USD Annual
Inventories IncreaseDecreaseInInventories $695.00M USD Annual
Inventories IncreaseDecreaseInInventories $407.00M USD Annual
Inventories IncreaseDecreaseInInventories $4.00M USD Annual
Other current assets IncreaseDecreaseInOtherOperatingAssets $12.00M USD Annual
Other current assets IncreaseDecreaseInOtherOperatingAssets $162.00M USD Annual
Other current assets IncreaseDecreaseInOtherOperatingAssets $-14.00M USD Annual
Accounts Payable IncreaseDecreaseInAccountsPayable $188.00M USD Annual
Accounts Payable IncreaseDecreaseInAccountsPayable $639.00M USD Annual
Accounts Payable IncreaseDecreaseInAccountsPayable $302.00M USD Annual
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $378.00M USD Annual
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $-195.00M USD Annual
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $433.00M USD Annual
Changes in other liabilities and deferred revenue IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-241.00M USD Annual
Changes in other liabilities and deferred revenue IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-75.00M USD Annual
Changes in other liabilities and deferred revenue IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-200.00M USD Annual
Other, net OtherNoncashIncomeExpense $173.00M USD Annual
Other, net OtherNoncashIncomeExpense $-51.00M USD Annual
Other, net OtherNoncashIncomeExpense $-164.00M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.94B USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.28B USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.38B USD Annual
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $709.00M USD Annual
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $531.00M USD Annual
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $506.00M USD Annual
Investments in internal use software PaymentsToDevelopSoftware $63.00M USD Annual
Investments in internal use software PaymentsToDevelopSoftware $75.00M USD Annual
Investments in internal use software PaymentsToDevelopSoftware $81.00M USD Annual
Proceeds from disposals of property, plant and equipment ProceedsFromSaleOfProductiveAssets $14.00M USD Annual
Proceeds from disposals of property, plant and equipment ProceedsFromSaleOfProductiveAssets $110.00M USD Annual
Proceeds from disposals of property, plant and equipment ProceedsFromSaleOfProductiveAssets $20.00M USD Annual
Investments in and advances to equity investees PaymentsToAcquireEquityMethodInvestments $37.00M USD Annual
Investments in and advances to equity investees PaymentsToAcquireEquityMethodInvestments $66.00M USD Annual
Investments in and advances to equity investees PaymentsToAcquireEquityMethodInvestments $41.00M USD Annual
Acquisitions of businesses, net of cash acquired (Note 19) PaymentsToAcquireBusinessesNetOfCashAcquired $70.00M USD Annual
Acquisitions of businesses, net of cash acquired (Note 19) PaymentsToAcquireBusinessesNetOfCashAcquired $662.00M USD Annual
Acquisitions of businesses, net of cash acquired (Note 19) PaymentsToAcquireBusinessesNetOfCashAcquired $94.00M USD Annual
Investments in marketable securitiesacquisitions (Note 5) PaymentsToAcquireMarketableSecurities $478.00M USD Annual
Investments in marketable securitiesacquisitions (Note 5) PaymentsToAcquireMarketableSecurities $368.00M USD Annual
Investments in marketable securitiesacquisitions (Note 5) PaymentsToAcquireMarketableSecurities $194.00M USD Annual
Investments in marketable securitiesliquidations (Note 5) ProceedsFromSaleAndMaturityOfMarketableSecurities $306.00M USD Annual
Investments in marketable securitiesliquidations (Note 5) ProceedsFromSaleAndMaturityOfMarketableSecurities $266.00M USD Annual
Investments in marketable securitiesliquidations (Note 5) ProceedsFromSaleAndMaturityOfMarketableSecurities $331.00M USD Annual
Proceeds from sale of equity investees (Note 3) ProceedsFromSaleOfEquityMethodInvestments $60.00M USD Annual
Proceeds from sale of equity investees (Note 3) ProceedsFromSaleOfEquityMethodInvestments - USD Annual
Proceeds from sale of equity investees (Note 3) ProceedsFromSaleOfEquityMethodInvestments - USD Annual
Cash flows from derivatives not designated as hedges PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $-76.00M USD Annual
Cash flows from derivatives not designated as hedges PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $102.00M USD Annual
Cash flows from derivatives not designated as hedges PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $102.00M USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $-36.00M USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $-5.00M USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $-12.00M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-974.00M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-917.00M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.05B USD Annual
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $6.00M USD Annual
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $36.00M USD Annual
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $111.00M USD Annual
Net borrowings of commercial paper (Note 10) ProceedsFromRepaymentsOfCommercialPaper $212.00M USD Annual
Net borrowings of commercial paper (Note 10) ProceedsFromRepaymentsOfCommercialPaper $482.00M USD Annual
Net borrowings of commercial paper (Note 10) ProceedsFromRepaymentsOfCommercialPaper $86.00M USD Annual
Payments on borrowings and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $62.00M USD Annual
Payments on borrowings and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $60.00M USD Annual
Payments on borrowings and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $163.00M USD Annual
Net borrowings under short-term credit agreements ProceedsFromRepaymentsOfShortTermDebt $19.00M USD Annual
Net borrowings under short-term credit agreements ProceedsFromRepaymentsOfShortTermDebt $1.00M USD Annual
Net borrowings under short-term credit agreements ProceedsFromRepaymentsOfShortTermDebt $12.00M USD Annual
Distributions to noncontrolling interests PaymentsToMinorityShareholders $65.00M USD Annual
Distributions to noncontrolling interests PaymentsToMinorityShareholders $29.00M USD Annual
Distributions to noncontrolling interests PaymentsToMinorityShareholders $30.00M USD Annual
Dividend payments on common stock (Note 14) PaymentsOfDividends $718.00M USD Annual
Dividend payments on common stock (Note 14) PaymentsOfDividends $701.00M USD Annual
Dividend payments on common stock (Note 14) PaymentsOfDividends $676.00M USD Annual
Repurchases of common stock (Note 14) PaymentsForRepurchaseOfCommonStock $778.00M USD Annual
Repurchases of common stock (Note 14) PaymentsForRepurchaseOfCommonStock $1.14B USD Annual
Repurchases of common stock (Note 14) PaymentsForRepurchaseOfCommonStock $451.00M USD Annual
Acquisitions of noncontrolling interests (Note 19) ProceedsFromPaymentsToMinorityShareholders $-98.00M USD Annual
Acquisitions of noncontrolling interests (Note 19) ProceedsFromPaymentsToMinorityShareholders - USD Annual
Acquisitions of noncontrolling interests (Note 19) ProceedsFromPaymentsToMinorityShareholders - USD Annual
Other, net ProceedsFromPaymentsForOtherFinancingActivities $63.00M USD Annual
Other, net ProceedsFromPaymentsForOtherFinancingActivities $25.00M USD Annual
Other, net ProceedsFromPaymentsForOtherFinancingActivities $31.00M USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.40B USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.07B USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.41B USD Annual
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-70.00M USD Annual
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $98.00M USD Annual
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-200.00M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-66.00M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-591.00M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $249.00M USD Annual
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.12B USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.30B USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.37B 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 $1.12B USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $1.30B USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $1.37B USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $1.71B USD Point-in-time
Stockholders Equity 39 line items
Line Item Tag Value Unit Period
BALANCE, AT THE BEGINNING OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.75B USD Point-in-time
BALANCE, AT THE BEGINNING OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.26B USD Point-in-time
BALANCE, AT THE BEGINNING OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.17B USD Point-in-time
BALANCE, AT THE BEGINNING OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.16B USD Point-in-time
Impact of tax legislation (Note 4) TaxCutsandJobsActof2017ReclassificationfromAOCItoRetainedEarnings $126.00M USD Annual
Impact of adopting accounting standards (Note 1) NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification $30.00M USD Annual
Net income ProfitLoss $1.46B USD Annual
Net income ProfitLoss $2.19B USD Annual
Net income ProfitLoss $994.00M USD Annual
Other comprehensive income (loss), net of tax (Note 15) OtherComprehensiveIncomeLossNetOfTax $-490.00M USD Annual
Other comprehensive income (loss), net of tax (Note 15) OtherComprehensiveIncomeLossNetOfTax $-333.00M USD Annual
Other comprehensive income (loss), net of tax (Note 15) OtherComprehensiveIncomeLossNetOfTax $338.00M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $6.00M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $12.00M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $6.00M USD Annual
Employee benefits trust activity (Note 14) StockIssuedDuringPeriodValueTreasuryStockReissued $18.00M USD Annual
Employee benefits trust activity (Note 14) StockIssuedDuringPeriodValueTreasuryStockReissued $17.00M USD Annual
Employee benefits trust activity (Note 14) StockIssuedDuringPeriodValueTreasuryStockReissued $26.00M USD Annual
Repurchases of common stock (Note 14) TreasuryStockValueAcquiredCostMethod $1.14B USD Annual
Repurchases of common stock (Note 14) TreasuryStockValueAcquiredCostMethod $778.00M USD Annual
Repurchases of common stock (Note 14) TreasuryStockValueAcquiredCostMethod $451.00M USD Annual
Cash dividends on common stock (Note 14) DividendsCommonStockCash $718.00M USD Annual
Cash dividends on common stock (Note 14) DividendsCommonStockCash $676.00M USD Annual
Cash dividends on common stock (Note 14) DividendsCommonStockCash $701.00M USD Annual
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $29.00M USD Annual
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $65.00M USD Annual
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $30.00M USD Annual
Stock based awards StockIssuedDuringPeriodValueShareBasedCompensation $38.00M USD Annual
Stock based awards StockIssuedDuringPeriodValueShareBasedCompensation $13.00M USD Annual
Stock based awards StockIssuedDuringPeriodValueShareBasedCompensation $19.00M USD Annual
Acquisitions of noncontrolling interests (Note 19) MinorityInterestDecreaseFromRedemptions $98.00M USD Annual
Acquisition of business (Note 19) NoncontrollingInterestIncreaseFromBusinessCombination $600.00M USD Annual
Other shareholder transactions StockholdersEquityOther $-57.00M USD Annual
Other shareholder transactions StockholdersEquityOther $-51.00M USD Annual
Other shareholder transactions StockholdersEquityOther $-24.00M USD Annual
BALANCE, AT THE END OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.75B USD Point-in-time
BALANCE, AT THE END OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.26B USD Point-in-time
BALANCE, AT THE END OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.17B USD Point-in-time
BALANCE, AT THE END OF THE PERIOD StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.16B USD Point-in-time
Comprehensive Income 27 line items
Line Item Tag Value Unit Period
CONSOLIDATED NET INCOME ProfitLoss $1.46B USD Annual
CONSOLIDATED NET INCOME ProfitLoss $2.19B USD Annual
CONSOLIDATED NET INCOME ProfitLoss $994.00M USD Annual
Change in pension and other postretirement defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-18.00M USD Annual
Change in pension and other postretirement defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $4.00M USD Annual
Change in pension and other postretirement defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $31.00M USD Annual
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-356.00M USD Annual
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $335.00M USD Annual
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-448.00M USD Annual
Unrealized gain on marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD Annual
Unrealized gain on marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $1.00M USD Annual
Unrealized gain on marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $2.00M USD Annual
Unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-12.00M USD Annual
Unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $5.00M USD Annual
Unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $5.00M USD Annual
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-490.00M USD Annual
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-333.00M USD Annual
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $338.00M USD Annual
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.33B USD Annual
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $966.00M USD Annual
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Annual
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $17.00M USD Annual
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $45.00M USD Annual
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $15.00M USD Annual
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. ComprehensiveIncomeNetOfTax $1.84B USD Annual
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. ComprehensiveIncomeNetOfTax $921.00M USD Annual
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. ComprehensiveIncomeNetOfTax $1.32B USD Annual

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

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