10-Q Filing

CUMMINS INC CIK: 26172 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0000026172-21-000057`
Period End Date	20210930
Filing Date	20211102
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	cmi-20211003_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 84 Cash Flow Statement 88 Stockholders Equity 47 Comprehensive Income 32

Balance Sheet 94 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`	222.50M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	79.40M	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`	$1.13B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.59B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$461.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$430.00M	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`	$3.02B	USD	Point-in-time
Trade and other	`AccountsReceivableNet`	$3.44B	USD	Point-in-time
Trade and other	`AccountsReceivableNet`	$3.75B	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$400.00M	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$380.00M	USD	Point-in-time
Inventories (Note 7)	`InventoryNet`	$4.32B	USD	Point-in-time
Inventories (Note 7)	`InventoryNet`	$3.42B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$828.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$790.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.90B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.32B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$9.01B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$9.16B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.97B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.76B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.18B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.25B	USD	Point-in-time
Investments and advances related to equity method investees (Note 4)	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.54B	USD	Point-in-time
Investments and advances related to equity method investees (Note 4)	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.44B	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`	$921.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$963.00M	USD	Point-in-time
Pension assets (Note 3)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.04B	USD	Point-in-time
Pension assets (Note 3)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.10B	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$1.73B	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$1.71B	USD	Point-in-time
Total assets	`Assets`	$22.62B	USD	Point-in-time
Total assets	`Assets`	$23.06B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$3.21B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$2.82B	USD	Point-in-time
Loans payable (Note 9)	`ShortTermBankLoansAndNotesPayable`	$169.00M	USD	Point-in-time
Loans payable (Note 9)	`ShortTermBankLoansAndNotesPayable`	$85.00M	USD	Point-in-time
Commercial paper (Note 9)	`CommercialPaper`	$323.00M	USD	Point-in-time
Commercial paper (Note 9)	`CommercialPaper`	$200.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$626.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$484.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 10)	`ProductWarrantyAccrualClassifiedCurrent`	$694.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 10)	`ProductWarrantyAccrualClassifiedCurrent`	$674.00M	USD	Point-in-time
Current portion of deferred revenue (Note 2)	`ContractWithCustomerLiabilityCurrent`	$806.00M	USD	Point-in-time
Current portion of deferred revenue (Note 2)	`ContractWithCustomerLiabilityCurrent`	$691.00M	USD	Point-in-time
Other accrued expenses (Note 8)	`AccruedLiabilitiesCurrent`	$1.19B	USD	Point-in-time
Other accrued expenses (Note 8)	`AccruedLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Current maturities of long-term debt (Note 9)	`LongTermDebtCurrent`	$55.00M	USD	Point-in-time
Current maturities of long-term debt (Note 9)	`LongTermDebtCurrent`	$62.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.86B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.33B	USD	Point-in-time
Long-term debt (Note 9)	`LongTermDebtAndCapitalLeaseObligations`	$3.60B	USD	Point-in-time
Long-term debt (Note 9)	`LongTermDebtAndCapitalLeaseObligations`	$3.61B	USD	Point-in-time
Pensions and other postretirement benefits (Note 3)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$630.00M	USD	Point-in-time
Pensions and other postretirement benefits (Note 3)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$623.00M	USD	Point-in-time
Accrued product warranty (Note 10)	`ProductWarrantyAccrualNoncurrent`	$703.00M	USD	Point-in-time
Accrued product warranty (Note 10)	`ProductWarrantyAccrualNoncurrent`	$672.00M	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$840.00M	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$836.00M	USD	Point-in-time
Other liabilities (Note 8)	`OtherLiabilitiesNoncurrent`	$1.44B	USD	Point-in-time
Other liabilities (Note 8)	`OtherLiabilitiesNoncurrent`	$1.55B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.63B	USD	Point-in-time
Total liabilities	`Liabilities`	$14.06B	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.4 shares issued	`CommonStockValueOutstanding`	$2.40B	USD	Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.4 shares issued	`CommonStockValueOutstanding`	$2.41B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.55B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.42B	USD	Point-in-time
Treasury stock, at cost, 79.4 and 74.8 shares	`TreasuryStockValue`	$8.97B	USD	Point-in-time
Treasury stock, at cost, 79.4 and 74.8 shares	`TreasuryStockValue`	$7.78B	USD	Point-in-time
Accumulated other comprehensive loss (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.98B	USD	Point-in-time
Accumulated other comprehensive loss (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.91B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.08B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.06B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$921.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$927.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.64B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.13B	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`	$9.00B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$22.62B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$23.06B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
NET SALES (a) (Note 2)	`Revenues`	$18.17B	USD	3 Qtrs
NET SALES (a) (Note 2)	`Revenues`	$13.98B	USD	3 Qtrs
NET SALES (a) (Note 2)	`Revenues`	$5.97B	USD	1 Quarter
NET SALES (a) (Note 2)	`Revenues`	$5.12B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$13.79B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$3.77B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.55B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$10.45B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$1.35B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$3.53B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$4.38B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$1.41B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$533.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.55B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$571.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.75B	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$266.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$651.00M	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$802.00M	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$224.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$94.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$98.00M	USD	1 Quarter
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$342.00M	USD	3 Qtrs
Equity, royalty and interest income from investees (Note 4)	`IncomeLossFromEquityMethodInvestments`	$397.00M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-17.00M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-20.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-35.00M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-5.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.64B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$666.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.21B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$670.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$85.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$71.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$25.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$111.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$37.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$134.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$41.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$675.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.70B	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$686.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$473.00M	USD	3 Qtrs
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$134.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$182.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$402.00M	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$504.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.30B	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.29B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.74B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$501.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$534.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$8.69	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$11.96	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.69	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$11.86	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.65	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.36	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	148.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	147.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	145.20M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	143.50M	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.00M	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.20M	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.30M	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	600,000.00	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	148.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	148.90M	shares	3 Qtrs
Revenue from Related Parties	`RevenueFromRelatedParties`	$311.00M	USD	1 Quarter
Revenue from Related Parties	`RevenueFromRelatedParties`	$385.00M	USD	1 Quarter
Revenue from Related Parties	`RevenueFromRelatedParties`	$1.29B	USD	3 Qtrs
Revenue from Related Parties	`RevenueFromRelatedParties`	$906.00M	USD	3 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$541.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$504.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.76B	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$1.30B	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$497.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$499.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-7.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$44.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$136.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$150.00M	USD	3 Qtrs
Pension and OPEB expense (Note 3)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$81.00M	USD	3 Qtrs
Pension and OPEB expense (Note 3)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$62.00M	USD	3 Qtrs
Pension contributions and OPEB payments (Note 3)	`PensionAndOtherPostretirementBenefitContributions`	$86.00M	USD	3 Qtrs
Pension contributions and OPEB payments (Note 3)	`PensionAndOtherPostretirementBenefitContributions`	$102.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$22.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$25.00M	USD	3 Qtrs
Restructuring payments	`PaymentsForRestructuring`	$100.00M	USD	3 Qtrs
Restructuring payments	`PaymentsForRestructuring`	$1.00M	USD	3 Qtrs
Loss (gain) on corporate owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$50.00M	USD	3 Qtrs
Loss (gain) on corporate owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$-11.00M	USD	3 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$-27.00M	USD	3 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$7.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$353.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-47.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$919.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$50.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-73.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$45.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$416.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$109.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-236.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$435.00M	USD	3 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-208.00M	USD	3 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$59.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$144.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$72.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.58B	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$362.00M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$268.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$36.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$33.00M	USD	3 Qtrs
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	-	USD	3 Qtrs
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	$20.00M	USD	3 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireAndReturnOfInvestmentForEquityMethodInvestments`	$-3.00M	USD	3 Qtrs
Investments in and advances to equity investees	`PaymentsToAcquireAndReturnOfInvestmentForEquityMethodInvestments`	$30.00M	USD	3 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$569.00M	USD	3 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$422.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$602.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$408.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$15.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-19.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-23.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-45.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-337.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-278.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$2.00B	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$35.00M	USD	3 Qtrs
Net payments of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-123.00M	USD	3 Qtrs
Net payments of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-344.00M	USD	3 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$57.00M	USD	3 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$41.00M	USD	3 Qtrs
Net (payments) borrowings under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$-93.00M	USD	3 Qtrs
Net (payments) borrowings under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$6.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$28.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$26.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$601.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$582.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.23B	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$550.00M	USD	3 Qtrs
Proceeds from issuing common stock	`ProceedsFromIssuanceOfCommonStock`	$27.00M	USD	3 Qtrs
Proceeds from issuing common stock	`ProceedsFromIssuanceOfCommonStock`	$78.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$24.00M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.08B	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$564.00M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$20.00M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$31.00M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.84B	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-813.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.40B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.13B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.97B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.59B	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`	$1.13B	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.97B	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.59B	USD	Point-in-time

Stockholders Equity 47 line items

Line Item	Tag	Value	Unit	Period
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$4.15	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.93	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.45	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`	$8.64B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.79B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.13B	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`	$9.00B	USD	Point-in-time
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$504.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.30B	USD	3 Qtrs
Other comprehensive income (loss), net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$20.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$145.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$66.00M	USD	3 Qtrs
Other comprehensive income (loss), net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$-91.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	3 Qtrs
Employee benefits trust activity	`StockIssuedDuringPeriodValueOther`	$6.00M	USD	1 Quarter
Employee benefits trust activity	`StockIssuedDuringPeriodValueOther`	$29.00M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$138.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$1.23B	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$550.00M	USD	3 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$207.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$582.00M	USD	3 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$194.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$601.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$13.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$15.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$28.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$26.00M	USD	3 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$46.00M	USD	1 Quarter
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$78.00M	USD	3 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$27.00M	USD	3 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-8.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-17.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-11.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-13.00M	USD	3 Qtrs
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.64B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.79B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.13B	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`	$9.00B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$504.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.30B	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-34.00M	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-16.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-63.00M	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-34.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$111.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-62.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$37.00M	USD	3 Qtrs
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$18.00M	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.00M	USD	1 Quarter
Unrealized gain (loss) on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-63.00M	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$20.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$145.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$66.00M	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-91.00M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.83B	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$649.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$561.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$22.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$636.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$552.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.81B	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.21B	USD	3 Qtrs

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