10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000026172-19-000015 |
| Period End Date | 20190331 |
| Filing Date | 20190430 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | cmi2019q110-qdoc_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
98 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
|
$1.21B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
222.40M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.37B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.33B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.30B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
222.40M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
64.90M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
64.40M | shares | Point-in-time |
| Marketable securities (Note 6) |
AvailableForSaleSecuritiesCurrent
|
$246.00M | USD | Point-in-time |
| Marketable securities (Note 6) |
AvailableForSaleSecuritiesCurrent
|
$222.00M | 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, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
300,000.00 | shares | Point-in-time |
| Common stock held by employee benefits trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
400,000.00 | shares | Point-in-time |
| Trade and other |
AccountsNotesAndLoansReceivableNetCurrent
|
$3.63B | USD | Point-in-time |
| Trade and other |
AccountsNotesAndLoansReceivableNetCurrent
|
$3.77B | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$231.00M | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$260.00M | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$3.89B | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$3.76B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$599.00M | 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
|
$10.09B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$8.35B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$8.32B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.22B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.28B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.07B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.10B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.30B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.22B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.13B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.12B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$909.00M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$895.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$939.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$929.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$962.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.43B | USD | Point-in-time |
| Total assets |
Assets
|
$19.06B | USD | Point-in-time |
| Total assets |
Assets
|
$19.85B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$2.82B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$3.02B | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$70.00M | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$54.00M | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$709.00M | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$780.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$364.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$679.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$762.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$654.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 3) |
DeferredRevenueCurrent
|
$509.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 3) |
DeferredRevenueCurrent
|
$498.00M | USD | Point-in-time |
| Other accrued expenses (Note 11) |
AccruedLiabilitiesCurrent
|
$852.00M | USD | Point-in-time |
| Other accrued expenses (Note 11) |
AccruedLiabilitiesCurrent
|
$958.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$37.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$45.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.43B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.38B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$1.60B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$1.60B | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$520.00M | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$532.00M | USD | Point-in-time |
| Accrued product warranty (Note 10) |
ProductWarrantyAccrualNoncurrent
|
$740.00M | USD | Point-in-time |
| Accrued product warranty (Note 10) |
ProductWarrantyAccrualNoncurrent
|
$682.00M | USD | Point-in-time |
| Deferred Revenue, Noncurrent |
DeferredRevenueNoncurrent
|
$658.00M | USD | Point-in-time |
| Deferred Revenue, Noncurrent |
DeferredRevenueNoncurrent
|
$697.00M | USD | Point-in-time |
| Other liabilities (Note 11) |
OtherLiabilitiesNoncurrent
|
$892.00M | USD | Point-in-time |
| Other liabilities (Note 11) |
OtherLiabilitiesNoncurrent
|
$1.19B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$10.80B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.12B | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | 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 |
| 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
|
$12.92B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$13.40B | USD | Point-in-time |
| Treasury stock, at cost, 64.9 and 64.4 shares |
TreasuryStockValue
|
$6.11B | USD | Point-in-time |
| Treasury stock, at cost, 64.9 and 64.4 shares |
TreasuryStockValue
|
$6.03B | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.3 and 0.4 shares |
CommonStockIssuedEmployeeStockTrust
|
$4.00M | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.3 and 0.4 shares |
CommonStockIssuedEmployeeStockTrust
|
$5.00M | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.81B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.74B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$7.82B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$7.35B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$907.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$911.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.16B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.30B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$19.06B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$19.85B | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Sales |
Revenues
|
$6.00B | USD | 1 Quarter |
| Net Sales |
Revenues
|
$5.57B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.37B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.47B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.53B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.20B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$593.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$577.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$210.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$237.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$92.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 5) |
IncomeLossFromEquityMethodInvestments
|
$115.00M | USD | 1 Quarter |
| Other operating income (expense), net |
OtherOperatingIncomeExpenseNet
|
$2.00M | USD | 1 Quarter |
| Other operating income (expense), net |
OtherOperatingIncomeExpenseNet
|
$5.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$530.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$799.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$7.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$12.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$24.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$32.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$10.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$66.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$845.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$523.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$198.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$176.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$325.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$6.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$325.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$663.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$4.22 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.97 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$4.20 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.96 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
164.90M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
157.20M | 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
|
800,000.00 | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
157.70M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
165.70M | shares | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$285.00M | USD | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$297.00M | USD | 1 Quarter |
Cash Flow Statement
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$325.00M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$154.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$157.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-27.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$11.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$95.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$64.00M | USD | 1 Quarter |
| Pension contributions (in excess of) under expense, net (Note 4) |
PensionContributions
|
$17.00M | USD | 1 Quarter |
| Pension contributions (in excess of) under expense, net (Note 4) |
PensionContributions
|
$-13.00M | USD | 1 Quarter |
| Other postretirement benefits payments in excess of expense, net (Note 4) |
OtherPostretirementBenefitsPayments
|
$12.00M | USD | 1 Quarter |
| Other postretirement benefits payments in excess of expense, net (Note 4) |
OtherPostretirementBenefitsPayments
|
$5.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.00M | USD | 1 Quarter |
| (Gain) loss on corporate owned life insurance |
PaymentsForProceedsFromLifeInsurancePolicies
|
$-3.00M | USD | 1 Quarter |
| (Gain) loss on corporate owned life insurance |
PaymentsForProceedsFromLifeInsurancePolicies
|
$37.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-79.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-38.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$135.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$217.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$107.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$259.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-56.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-67.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$246.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$166.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-337.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-293.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-64.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-27.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$145.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$48.00M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-117.00M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$412.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$109.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$72.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$20.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$15.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$16.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$10.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions (Note 6) |
PaymentsToAcquireMarketableSecurities
|
$67.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions (Note 6) |
PaymentsToAcquireMarketableSecurities
|
$121.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 6) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$103.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 6) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$82.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-27.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-55.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-25.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-31.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-36.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-71.00M | USD | 1 Quarter |
| Net (payments) borrowings of commercial paper (Note 9) |
ProceedsFromRepaymentsOfCommercialPaper
|
$-71.00M | USD | 1 Quarter |
| Net (payments) borrowings of commercial paper (Note 9) |
ProceedsFromRepaymentsOfCommercialPaper
|
$295.00M | USD | 1 Quarter |
| Payments on borrowings and capital lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$16.00M | USD | 1 Quarter |
| Payments on borrowings and capital lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$10.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$11.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$13.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$178.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$179.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$163.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$100.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$21.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$26.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-347.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-52.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$31.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$43.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-162.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$25.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | 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
|
$1.33B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.30B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | 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
|
$1.33B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.30B | USD | Point-in-time |
Stockholders Equity
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.14 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.08 | USD | 1 Quarter |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.16B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.30B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| Adoption of new accounting standards (1) |
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
$30.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$325.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$99.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$71.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$3.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$1.00M | USD | 1 Quarter |
| Employee benefits trust activity |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$7.00M | USD | 1 Quarter |
| Employee benefits trust activity |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$14.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$163.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$100.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$179.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$178.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$13.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$11.00M | USD | 1 Quarter |
| Stock based awards |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$6.00M | USD | 1 Quarter |
| Stock based awards |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$3.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$1.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$-17.00M | USD | 1 Quarter |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.16B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.30B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.14 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.08 | USD | 1 Quarter |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$325.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$11.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-8.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$84.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$84.00M | USD | 1 Quarter |
| Unrealized (loss) gain on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-1.00M | USD | 1 Quarter |
| Unrealized (loss) gain on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$7.00M | USD | 1 Quarter |
| Unrealized loss on marketable securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Unrealized loss on marketable securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-1.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$99.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$71.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$740.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$424.00M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-7.00M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$9.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$731.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$431.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.