10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000026172-21-000027 |
| Period End Date | 20210331 |
| Filing Date | 20210504 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | cmi-20210404_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
92 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
|
76.20M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
74.80M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.40B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.96B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.13B | USD | Point-in-time |
| Marketable securities (Note 5) |
AvailableForSaleSecuritiesCurrent
|
$461.00M | USD | Point-in-time |
| Marketable securities (Note 5) |
AvailableForSaleSecuritiesCurrent
|
$397.00M | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$3.86B | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$3.35B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$3.70B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$3.44B | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$380.00M | USD | Point-in-time |
| Nonconsolidated equity investees |
DueFromRelatedPartiesCurrent
|
$511.00M | USD | Point-in-time |
| Inventories (Note 6) |
InventoryNet
|
$3.75B | USD | Point-in-time |
| Inventories (Note 6) |
InventoryNet
|
$3.42B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$805.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$790.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.12B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$11.90B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$9.01B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$9.04B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.85B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.76B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.20B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.25B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.44B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.59B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.29B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.29B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$964.00M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$963.00M | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$1.08B | USD | Point-in-time |
| Pension assets |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$1.04B | USD | Point-in-time |
| Other assets (Note 7) |
OtherAssetsNoncurrent
|
$1.71B | USD | Point-in-time |
| Other assets (Note 7) |
OtherAssetsNoncurrent
|
$1.73B | USD | Point-in-time |
| Total assets |
Assets
|
$22.62B | USD | Point-in-time |
| Total assets |
Assets
|
$22.96B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$3.28B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$2.82B | USD | Point-in-time |
| Loans payable (Note 8) |
ShortTermBankLoansAndNotesPayable
|
$169.00M | USD | Point-in-time |
| Loans payable (Note 8) |
ShortTermBankLoansAndNotesPayable
|
$93.00M | USD | Point-in-time |
| Commercial paper (Note 8) |
CommercialPaper
|
$323.00M | USD | Point-in-time |
| Commercial paper (Note 8) |
CommercialPaper
|
$317.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$484.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$393.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 9) |
ProductWarrantyAccrualClassifiedCurrent
|
$623.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 9) |
ProductWarrantyAccrualClassifiedCurrent
|
$674.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 2) |
ContractWithCustomerLiabilityCurrent
|
$691.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 2) |
ContractWithCustomerLiabilityCurrent
|
$773.00M | USD | Point-in-time |
| Other accrued expenses (Note 7) |
AccruedLiabilitiesCurrent
|
$1.11B | USD | Point-in-time |
| Other accrued expenses (Note 7) |
AccruedLiabilitiesCurrent
|
$1.12B | USD | Point-in-time |
| Current maturities of long-term debt (Note 8) |
LongTermDebtCurrent
|
$62.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 8) |
LongTermDebtCurrent
|
$61.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.66B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.33B | USD | Point-in-time |
| Long-term debt (Note 8) |
LongTermDebtAndCapitalLeaseObligations
|
$3.62B | USD | Point-in-time |
| Long-term debt (Note 8) |
LongTermDebtAndCapitalLeaseObligations
|
$3.61B | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$630.00M | USD | Point-in-time |
| Pensions and other postretirement benefits |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$621.00M | USD | Point-in-time |
| Accrued product warranty (Note 9) |
ProductWarrantyAccrualNoncurrent
|
$692.00M | USD | Point-in-time |
| Accrued product warranty (Note 9) |
ProductWarrantyAccrualNoncurrent
|
$672.00M | USD | Point-in-time |
| Deferred revenue (Note 2) |
ContractWithCustomerLiabilityNoncurrent
|
$828.00M | USD | Point-in-time |
| Deferred revenue (Note 2) |
ContractWithCustomerLiabilityNoncurrent
|
$840.00M | USD | Point-in-time |
| Other liabilities (Note 7) |
OtherLiabilitiesNoncurrent
|
$1.55B | USD | Point-in-time |
| Other liabilities (Note 7) |
OtherLiabilitiesNoncurrent
|
$1.51B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$13.93B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$13.63B | USD | Point-in-time |
| Commitments and contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued |
CommonStockValueOutstanding
|
$2.40B | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued |
CommonStockValueOutstanding
|
$2.39B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$15.42B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$15.82B | USD | Point-in-time |
| Treasury stock, at cost, 76.2 and 74.8 shares |
TreasuryStockValue
|
$7.78B | USD | Point-in-time |
| Treasury stock, at cost, 76.2 and 74.8 shares |
TreasuryStockValue
|
$8.17B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 11) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.98B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 11) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.94B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$8.06B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$8.11B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$927.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$922.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.03B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.99B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$22.96B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$22.62B | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES (a) (Note 2) |
Revenues
|
$6.09B | USD | 1 Quarter |
| NET SALES (a) (Note 2) |
Revenues
|
$5.01B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.61B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$3.72B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.49B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.29B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$574.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$546.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$260.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$238.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 4) |
IncomeLossFromEquityMethodInvestments
|
$129.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees (Note 4) |
IncomeLossFromEquityMethodInvestments
|
$166.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-5.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-8.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$634.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$810.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$23.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$28.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$44.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$1.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$783.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$655.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$127.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$172.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$611.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$17.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$8.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$603.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$511.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$4.10 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$3.42 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$4.07 | 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
|
147.00M | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400,000.00 | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1.30M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
149.70M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
148.30M | shares | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$478.00M | USD | 1 Quarter |
| Sales to nonconsolidated equity investees |
RevenueFromRelatedParties
|
$257.00M | USD | 1 Quarter |
Cash Flow Statement
82 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$611.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$170.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$168.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$8.00M | 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
|
$136.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 3) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$20.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 3) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$27.00M | USD | 1 Quarter |
| Pension contributions and OPEB payments (Note 3) |
PensionAndOtherPostretirementBenefitContributions
|
$60.00M | USD | 1 Quarter |
| Pension contributions and OPEB payments (Note 3) |
PensionAndOtherPostretirementBenefitContributions
|
$51.00M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$4.00M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$8.00M | USD | 1 Quarter |
| Restructuring payments |
PaymentsForRestructuring
|
- | USD | 1 Quarter |
| Restructuring payments |
PaymentsForRestructuring
|
$48.00M | USD | 1 Quarter |
| Loss (gain) on corporate owned life insurance |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$17.00M | USD | 1 Quarter |
| Loss (gain) on corporate owned life insurance |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$-32.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-1.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$-107.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$374.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$336.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$171.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-79.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$24.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$171.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$465.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-321.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-24.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-28.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
- | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$31.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$30.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$379.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$339.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$87.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$75.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$11.00M | USD | 1 Quarter |
| Investments in internal use software |
PaymentsToDevelopSoftware
|
$8.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$24.00M | USD | 1 Quarter |
| Investments in and advances to equity investees |
PaymentsToAcquireEquityMethodInvestments
|
$7.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$143.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$116.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 5) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$95.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 5) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$207.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-14.00M | USD | 1 Quarter |
| Cash flows from derivatives not designated as hedges |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-6.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-6.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-19.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-99.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-25.00M | USD | 1 Quarter |
| Net (payments) borrowings of commercial paper |
ProceedsFromRepaymentsOfCommercialPaper
|
$957.00M | USD | 1 Quarter |
| Net (payments) borrowings of commercial paper |
ProceedsFromRepaymentsOfCommercialPaper
|
$-6.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$16.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$10.00M | USD | 1 Quarter |
| Net (payments) borrowings under short-term credit agreements |
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
$-102.00M | USD | 1 Quarter |
| Net (payments) borrowings under short-term credit agreements |
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
$25.00M | 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
|
$197.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$195.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$550.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$418.00M | USD | 1 Quarter |
| Proceeds from issuing common stock |
ProceedsFromIssuanceOfCommonStock
|
$13.00M | USD | 1 Quarter |
| Proceeds from issuing common stock |
ProceedsFromIssuanceOfCommonStock
|
$18.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$7.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-11.00M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$234.00M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-745.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-12.00M | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$48.00M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$562.00M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-443.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$3.40B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$2.96B | 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
|
$1.13B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$3.40B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$2.96B | 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
|
$1.13B | USD | Point-in-time |
Stockholders Equity
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.35 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.31 | USD | 1 Quarter |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.03B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.99B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$611.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax (Note 11) |
OtherComprehensiveIncomeLossNetOfTax
|
$-239.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax (Note 11) |
OtherComprehensiveIncomeLossNetOfTax
|
$45.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$9.00M | USD | 1 Quarter |
| Employee benefits trust activity |
StockIssuedDuringPeriodValueOther
|
$18.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$418.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$550.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$195.00M | USD | 1 Quarter |
| Cash dividends on common stock |
DividendsCommonStockCash
|
$197.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$13.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$13.00M | USD | 1 Quarter |
| Share-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$13.00M | USD | 1 Quarter |
| Share-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$18.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$4.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$14.00M | USD | 1 Quarter |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.03B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.46B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.99B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.02B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$528.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$611.00M | 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
|
$-29.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-162.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-56.00M | USD | 1 Quarter |
| Unrealized gain (loss) on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$72.00M | USD | 1 Quarter |
| Unrealized gain (loss) on derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-79.00M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-239.00M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$45.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$656.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$289.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$8.00M | 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
|
$648.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.