10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000026172-20-000019 |
| Period End Date | 20200331 |
| Filing Date | 20200428 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | cmi-20200329_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
96 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$2.50 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | 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 |
| Treasury stock, shares |
TreasuryStockShares
|
71.70M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
74.90M | shares | Point-in-time |
| Common stock held by employee benefits trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
100,000.00 | shares | Point-in-time |
| Common stock held by employee benefits trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
200,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.13B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.30B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.33B | USD | Point-in-time |
| Marketable securities (Note 7) |
AvailableForSaleSecuritiesCurrent
|
$339.00M | USD | Point-in-time |
| Marketable securities (Note 7) |
AvailableForSaleSecuritiesCurrent
|
$341.00M | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$1.47B | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$2.03B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$3.39B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$3.23B | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$283.00M | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$271.00M | USD | Point-in-time |
| Inventories (Note 8) |
InventoryNet
|
$3.58B | USD | Point-in-time |
| Inventories (Note 8) |
InventoryNet
|
$3.49B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$761.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$676.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.39B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.79B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$8.70B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$8.58B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.45B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.45B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.25B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.13B | 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
|
$1.24B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.29B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.28B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.00B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$965.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$989.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$1.00B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.62B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.58B | USD | Point-in-time |
| Total assets |
Assets
|
$19.74B | USD | Point-in-time |
| Total assets |
Assets
|
$20.08B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$2.53B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$2.65B | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$121.00M | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$100.00M | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$1.62B | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$660.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$560.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$322.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$803.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$743.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 3) |
ContractWithCustomerLiabilityCurrent
|
$533.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 3) |
ContractWithCustomerLiabilityCurrent
|
$527.00M | USD | Point-in-time |
| Other accrued expenses (Note 11) |
AccruedLiabilitiesCurrent
|
$1.04B | USD | Point-in-time |
| Other accrued expenses (Note 11) |
AccruedLiabilitiesCurrent
|
$971.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$31.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$33.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.98B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.26B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$1.58B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$1.58B | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$591.00M | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$588.00M | USD | Point-in-time |
| Accrued product warranty (Note 10) |
ProductWarrantyAccrualNoncurrent
|
$645.00M | USD | Point-in-time |
| Accrued product warranty (Note 10) |
ProductWarrantyAccrualNoncurrent
|
$640.00M | USD | Point-in-time |
| Deferred revenue (Note 3) |
ContractWithCustomerLiabilityNoncurrent
|
$821.00M | USD | Point-in-time |
| Deferred revenue (Note 3) |
ContractWithCustomerLiabilityNoncurrent
|
$837.00M | USD | Point-in-time |
| Other liabilities (Note 11) |
OtherLiabilitiesNoncurrent
|
$1.38B | USD | Point-in-time |
| Other liabilities (Note 11) |
OtherLiabilitiesNoncurrent
|
$1.43B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.27B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$12.06B | 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
|
$2.33B | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued |
CommonStockValueOutstanding
|
$2.35B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$14.42B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$14.73B | USD | Point-in-time |
| Treasury stock, at cost, 74.9 and 71.7 shares |
TreasuryStockValue
|
$7.22B | USD | Point-in-time |
| Treasury stock, at cost, 74.9 and 71.7 shares |
TreasuryStockValue
|
$7.74B | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.1 and 0.2 shares |
CommonStockIssuedEmployeeStockTrust
|
$1.00M | USD | Point-in-time |
| Common stock held by employee benefits trust, at cost, 0.1 and 0.2 shares |
CommonStockIssuedEmployeeStockTrust
|
$2.00M | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.03B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.25B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$7.07B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$7.51B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$958.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$950.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$20.08B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$19.74B | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES (a) (Note 3) |
Revenues
|
$6.00B | USD | 1 Quarter |
| NET SALES (a) (Note 3) |
Revenues
|
$5.01B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$3.72B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.47B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.53B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.29B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$546.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$593.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$237.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$238.00M | USD | 1 Quarter |
| Income (Loss) from Equity Method Investments |
IncomeLossFromEquityMethodInvestments
|
$129.00M | USD | 1 Quarter |
| Income (Loss) from Equity Method Investments |
IncomeLossFromEquityMethodInvestments
|
$92.00M | USD | 1 Quarter |
| Other operating (expense) income, net |
OtherOperatingIncomeExpenseNet
|
$5.00M | USD | 1 Quarter |
| Other operating (expense) income, net |
OtherOperatingIncomeExpenseNet
|
$-5.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$799.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$634.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$7.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$12.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$23.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$32.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$66.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$37.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$655.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$845.00M | USD | 1 Quarter |
| Income Tax Expense (Benefit) |
IncomeTaxExpenseBenefit
|
$176.00M | USD | 1 Quarter |
| Income Tax Expense (Benefit) |
IncomeTaxExpenseBenefit
|
$127.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | 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
|
$17.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$663.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$511.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$4.22 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$3.42 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$4.20 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$3.41 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
149.30M | 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
|
400,000.00 | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
157.70M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
149.70M | shares | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$257.00M | USD | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$285.00M | USD | 1 Quarter |
Cash Flow Statement
80 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$168.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$157.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$11.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-11.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$78.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$64.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 4) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$27.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 4) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$18.00M | USD | 1 Quarter |
| Payment for Pension and Other Postretirement Benefits |
PensionAndOtherPostretirementBenefitContributions
|
$47.00M | USD | 1 Quarter |
| Payment for Pension and Other Postretirement Benefits |
PensionAndOtherPostretirementBenefitContributions
|
$60.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$4.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.00M | USD | 1 Quarter |
| Payments for Restructuring |
PaymentsForRestructuring
|
$48.00M | USD | 1 Quarter |
| Payments for Restructuring |
PaymentsForRestructuring
|
- | USD | 1 Quarter |
| Life Insurance, Corporate or Bank Owned, Change in Value |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$17.00M | USD | 1 Quarter |
| Life Insurance, Corporate or Bank Owned, Change in Value |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$37.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-79.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$-107.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$135.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$171.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$107.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-67.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-79.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$171.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$166.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-293.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-321.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-64.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-28.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$30.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$145.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$412.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$379.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$109.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$75.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$8.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$20.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$7.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$10.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$116.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$121.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 7) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$95.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 7) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$103.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-55.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-6.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-31.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-6.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-71.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-99.00M | USD | 1 Quarter |
| Net borrowings (payments) of commercial paper (Note 9) |
ProceedsFromRepaymentsOfCommercialPaper
|
$957.00M | USD | 1 Quarter |
| Net borrowings (payments) of commercial paper (Note 9) |
ProceedsFromRepaymentsOfCommercialPaper
|
$-71.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$10.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$10.00M | USD | 1 Quarter |
| Net borrowings under short-term credit agreements |
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
$25.00M | USD | 1 Quarter |
| Net borrowings under short-term credit agreements |
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
$15.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$13.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsToMinorityShareholders
|
$13.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$195.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$179.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$550.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$100.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$11.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$20.00M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-347.00M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$234.00M | 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
|
$48.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$25.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$562.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.13B | 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
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.33B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.13B | 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
|
$1.69B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$1.33B | USD | Point-in-time |
Stockholders Equity
29 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.31 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.14 | USD | 1 Quarter |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
| Adoption of new accounting standards (Note 16) |
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
$-4.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Other comprehensive loss, net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$71.00M | USD | 1 Quarter |
| Other comprehensive loss, net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$-239.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$1.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$9.00M | USD | 1 Quarter |
| Employee benefits trust activity |
StockIssuedDuringPeriodValueOther
|
$18.00M | USD | 1 Quarter |
| Employee benefits trust activity |
StockIssuedDuringPeriodValueOther
|
$14.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$550.00M | 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
|
$195.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$13.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$13.00M | USD | 1 Quarter |
| Stock-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$6.00M | USD | 1 Quarter |
| Stock-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$13.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$14.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$1.00M | USD | 1 Quarter |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.26B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.73B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$669.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-2.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$11.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-162.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$84.00M | USD | 1 Quarter |
| Unrealized loss on debt securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Unrealized loss on debt securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-1.00M | USD | 1 Quarter |
| Unrealized loss on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-79.00M | USD | 1 Quarter |
| Unrealized loss on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-1.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$71.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-239.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$289.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$740.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$9.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$289.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$731.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.