10-Q Filing

CUMMINS INC CIK: 26172 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000026172-19-000031`
Period End Date	20190630
Filing Date	20190730
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	cmi2019q210-qdoc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 88 Cash Flow Statement 79 Stockholders Equity 50 Comprehensive Income 36

Balance Sheet 100 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`	$1.30B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	222.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	222.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Marketable securities (Note 6)	`AvailableForSaleSecuritiesCurrent`	$335.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	64.40M	shares	Point-in-time
Marketable securities (Note 6)	`AvailableForSaleSecuritiesCurrent`	$222.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	64.60M	shares	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$1.73B	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
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$1.52B	USD	Point-in-time
Trade and other	`AccountsNotesAndLoansReceivableNetCurrent`	$3.63B	USD	Point-in-time
Trade and other	`AccountsNotesAndLoansReceivableNetCurrent`	$3.90B	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$231.00M	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$280.00M	USD	Point-in-time
Inventories (Note 7)	`InventoryNet`	$3.76B	USD	Point-in-time
Inventories (Note 7)	`InventoryNet`	$3.90B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$668.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$643.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.45B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.82B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$8.42B	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`	$4.35B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.08B	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`	$1.22B	USD	Point-in-time
Investments and advances related to equity method investees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.27B	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`	$901.00M	USD	Point-in-time
Pension assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$960.00M	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`	$1.47B	USD	Point-in-time
Total assets	`Assets`	$19.06B	USD	Point-in-time
Total assets	`Assets`	$20.25B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$2.99B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$2.82B	USD	Point-in-time
Loans payable (Note 10)	`ShortTermBankLoansAndNotesPayable`	$54.00M	USD	Point-in-time
Loans payable (Note 10)	`ShortTermBankLoansAndNotesPayable`	$119.00M	USD	Point-in-time
Commercial paper (Note 10)	`CommercialPaper`	$780.00M	USD	Point-in-time
Commercial paper (Note 10)	`CommercialPaper`	$434.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$679.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$465.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 11)	`ProductWarrantyAccrualClassifiedCurrent`	$654.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 11)	`ProductWarrantyAccrualClassifiedCurrent`	$809.00M	USD	Point-in-time
Current portion of deferred revenue (Note 3)	`DeferredRevenueCurrent`	$505.00M	USD	Point-in-time
Current portion of deferred revenue (Note 3)	`DeferredRevenueCurrent`	$498.00M	USD	Point-in-time
Other accrued expenses (Note 8)	`AccruedLiabilitiesCurrent`	$920.00M	USD	Point-in-time
Other accrued expenses (Note 8)	`AccruedLiabilitiesCurrent`	$852.00M	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`	$46.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.38B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.29B	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtAndCapitalLeaseObligations`	$1.60B	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtAndCapitalLeaseObligations`	$1.62B	USD	Point-in-time
Pensions and other postretirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$522.00M	USD	Point-in-time
Pensions and other postretirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$532.00M	USD	Point-in-time
Accrued product warranty (Note 11)	`ProductWarrantyAccrualNoncurrent`	$740.00M	USD	Point-in-time
Accrued product warranty (Note 11)	`ProductWarrantyAccrualNoncurrent`	$663.00M	USD	Point-in-time
Deferred revenue (Note 3)	`DeferredRevenueNoncurrent`	$658.00M	USD	Point-in-time
Deferred revenue (Note 3)	`DeferredRevenueNoncurrent`	$726.00M	USD	Point-in-time
Other liabilities (Note 8)	`OtherLiabilitiesNoncurrent`	$1.23B	USD	Point-in-time
Other liabilities (Note 8)	`OtherLiabilitiesNoncurrent`	$892.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.06B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.80B	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`	$2.31B	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`	$13.90B	USD	Point-in-time
Treasury stock, at cost, 64.6 and 64.4 shares	`TreasuryStockValue`	$6.03B	USD	Point-in-time
Treasury stock, at cost, 64.6 and 64.4 shares	`TreasuryStockValue`	$6.08B	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
Common stock held by employee benefits trust, at cost, 0.3 and 0.4 shares	`CommonStockIssuedEmployeeStockTrust`	$4.00M	USD	Point-in-time
Accumulated other comprehensive loss (Note 13)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.81B	USD	Point-in-time
Accumulated other comprehensive loss (Note 13)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.84B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.28B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$7.35B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$918.00M	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`	$8.19B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.30B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$20.25B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$19.06B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`Revenues`	$12.22B	USD	2 Qtrs
Net Sales	`Revenues`	$11.70B	USD	2 Qtrs
Net Sales	`Revenues`	$6.22B	USD	1 Quarter
Net Sales	`Revenues`	$6.13B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.58B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$9.05B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$9.06B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$4.69B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$1.44B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$1.64B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$2.64B	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$3.17B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.19B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$613.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$629.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.22B	USD	2 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$219.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$429.00M	USD	2 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$251.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$488.00M	USD	2 Qtrs
Equity, royalty and interest income from investees (Note 5)	`IncomeLossFromEquityMethodInvestments`	$96.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 5)	`IncomeLossFromEquityMethodInvestments`	$110.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 5)	`IncomeLossFromEquityMethodInvestments`	$225.00M	USD	2 Qtrs
Equity, royalty and interest income from investees (Note 5)	`IncomeLossFromEquityMethodInvestments`	$188.00M	USD	2 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$4.00M	USD	1 Quarter
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$-4.00M	USD	2 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$6.00M	USD	2 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$-9.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$848.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$722.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.25B	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.65B	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$12.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$24.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$52.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$61.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$21.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$11.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$40.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$106.00M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.72B	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$715.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$871.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$186.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$161.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$362.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$359.00M	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$879.00M	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$685.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$554.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.35B	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$16.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$870.00M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$545.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$675.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.34B	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$8.51	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.30	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.27	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.47	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	164.30M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	157.30M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	157.40M	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`	700,000.00	shares	2 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	600,000.00	shares	2 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	600,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	164.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	157.90M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	158.00M	shares	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$637.00M	USD	2 Qtrs
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$340.00M	USD	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$317.00M	USD	1 Quarter
Sales to nonconsolidated equity investees	`RevenueFromRelatedParties`	$602.00M	USD	2 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$879.00M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$685.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$554.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.35B	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$315.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$308.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-21.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$17.00M	USD	2 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$163.00M	USD	2 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$43.00M	USD	2 Qtrs
Pension contributions (in excess of) under expense, net (Note 4)	`PensionContributions`	$-25.00M	USD	2 Qtrs
Pension contributions (in excess of) under expense, net (Note 4)	`PensionContributions`	$45.00M	USD	2 Qtrs
Other postretirement benefits payments in excess of expense, net (Note 4)	`OtherPostretirementBenefitsPayments`	$10.00M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$28.00M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$28.00M	USD	2 Qtrs
Gain on corporate owned life insurance	`PaymentsForProceedsFromLifeInsurancePolicies`	-	USD	2 Qtrs
Gain on corporate owned life insurance	`PaymentsForProceedsFromLifeInsurancePolicies`	$55.00M	USD	2 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$21.00M	USD	2 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$-46.00M	USD	2 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$555.00M	USD	2 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$312.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$125.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$475.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$42.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-15.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$442.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$148.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-194.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$94.00M	USD	2 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-120.00M	USD	2 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-5.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$31.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$39.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.22B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$473.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$186.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$242.00M	USD	2 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$35.00M	USD	2 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$34.00M	USD	2 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireEquityMethodInvestments`	$18.00M	USD	2 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireEquityMethodInvestments`	$15.00M	USD	2 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$259.00M	USD	2 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$143.00M	USD	2 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$153.00M	USD	2 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$116.00M	USD	2 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$9.00M	USD	2 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$26.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-15.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-36.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-236.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-411.00M	USD	2 Qtrs
Net (payments) borrowings of commercial paper (Note 10)	`ProceedsFromRepaymentsOfCommercialPaper`	$-346.00M	USD	2 Qtrs
Net (payments) borrowings of commercial paper (Note 10)	`ProceedsFromRepaymentsOfCommercialPaper`	$504.00M	USD	2 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$17.00M	USD	2 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$33.00M	USD	2 Qtrs
Net borrowings (payments) under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebt`	$57.00M	USD	2 Qtrs
Net borrowings (payments) under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$11.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$13.00M	USD	2 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$355.00M	USD	2 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$358.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$379.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$22.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$66.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-711.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-253.00M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.00M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.00M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$94.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	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`	$1.40B	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`	$1.32B	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`	$1.40B	USD	Point-in-time

Stockholders Equity 50 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`	$2.16	USD	2 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.28	USD	2 Qtrs
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`	$8.19B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.26B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.20B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.73B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.30B	USD	Point-in-time
Adoption of new accounting standards (1)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$30.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$879.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$685.00M	USD	1 Quarter
Net income	`ProfitLoss`	$554.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.35B	USD	2 Qtrs
Other comprehensive income, net of tax (Note 13)	`OtherComprehensiveIncomeLossNetOfTax`	$-101.00M	USD	1 Quarter
Other comprehensive income, net of tax (Note 13)	`OtherComprehensiveIncomeLossNetOfTax`	$-187.00M	USD	2 Qtrs
Other comprehensive income, net of tax (Note 13)	`OtherComprehensiveIncomeLossNetOfTax`	$-30.00M	USD	2 Qtrs
Other comprehensive income, net of tax (Note 13)	`OtherComprehensiveIncomeLossNetOfTax`	$-286.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$8.00M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$5.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.00M	USD	2 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$9.00M	USD	2 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$2.00M	USD	1 Quarter
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$21.00M	USD	2 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$7.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$379.00M	USD	2 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$100.00M	USD	2 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$216.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$358.00M	USD	2 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$355.00M	USD	2 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$179.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$177.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$13.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.00M	USD	2 Qtrs
Stock based awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.00M	USD	1 Quarter
Stock based awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$43.00M	USD	2 Qtrs
Stock based awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$37.00M	USD	1 Quarter
Stock based awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.00M	USD	2 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-19.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-32.00M	USD	2 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-15.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-18.00M	USD	2 Qtrs
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.16B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.26B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.20B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.73B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.30B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
CONSOLIDATED NET INCOME	`ProfitLoss`	$879.00M	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$685.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$554.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.35B	USD	2 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`	$-7.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-21.00M	USD	2 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$4.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-299.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-99.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-215.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00M	USD	2 Qtrs
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-10.00M	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-11.00M	USD	2 Qtrs
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$7.00M	USD	2 Qtrs
Unrealized gain on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Unrealized gain on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Unrealized gain on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-101.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-187.00M	USD	2 Qtrs
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-30.00M	USD	2 Qtrs
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-286.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$692.00M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$268.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$584.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-14.00M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.00M	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`	$19.00M	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$706.00M	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$275.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.30B	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$574.00M	USD	1 Quarter

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