10-Q Filing

CUMMINS INC CIK: 26172 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0000026172-22-000057`
Period End Date	20220930
Filing Date	20221104
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	cmi-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 84 Cash Flow Statement 94 Stockholders Equity 57 Comprehensive Income 32

Balance Sheet 95 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`	222.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	222.50M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80.00M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	81.50M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.50B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$466.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$595.00M	USD	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$2.96B	USD	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$3.19B	USD	Point-in-time
Trade and other	`AccountsReceivableNet`	$4.45B	USD	Point-in-time
Trade and other	`AccountsReceivableNet`	$3.56B	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$349.00M	USD	Point-in-time
Nonconsolidated equity investees	`DueFromRelatedPartiesCurrent`	$425.00M	USD	Point-in-time
Inventories (Note 8)	`InventoryNet`	$4.36B	USD	Point-in-time
Inventories (Note 8)	`InventoryNet`	$5.54B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$777.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.40B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.31B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.23B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$9.36B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.03B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.94B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.42B	USD	Point-in-time
Investments and advances related to equity method investees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.83B	USD	Point-in-time
Investments and advances related to equity method investees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.54B	USD	Point-in-time
Goodwill	`Goodwill`	$2.23B	USD	Point-in-time
Goodwill	`Goodwill`	$1.29B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$900.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.60B	USD	Point-in-time
Pension assets (Note 4)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.49B	USD	Point-in-time
Pension assets (Note 4)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.54B	USD	Point-in-time
Other assets (Note 10)	`OtherAssetsNoncurrent`	$1.77B	USD	Point-in-time
Other assets (Note 10)	`OtherAssetsNoncurrent`	$1.98B	USD	Point-in-time
Total assets	`Assets`	$23.71B	USD	Point-in-time
Total assets	`Assets`	$29.77B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$3.02B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$4.00B	USD	Point-in-time
Loans payable (Note 11)	`ShortTermBankLoansAndNotesPayable`	$217.00M	USD	Point-in-time
Loans payable (Note 11)	`ShortTermBankLoansAndNotesPayable`	$208.00M	USD	Point-in-time
Commercial paper (Note 11)	`CommercialPaper`	$2.39B	USD	Point-in-time
Commercial paper (Note 11)	`CommercialPaper`	$313.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$683.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$575.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 12)	`ProductWarrantyAccrualClassifiedCurrent`	$755.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 12)	`ProductWarrantyAccrualClassifiedCurrent`	$801.00M	USD	Point-in-time
Current portion of deferred revenue (Note 2)	`ContractWithCustomerLiabilityCurrent`	$855.00M	USD	Point-in-time
Current portion of deferred revenue (Note 2)	`ContractWithCustomerLiabilityCurrent`	$921.00M	USD	Point-in-time
Other accrued expenses (Note 10)	`AccruedLiabilitiesCurrent`	$1.19B	USD	Point-in-time
Other accrued expenses (Note 10)	`AccruedLiabilitiesCurrent`	$1.57B	USD	Point-in-time
Current maturities of long-term debt (Note 11)	`LongTermDebtCurrent`	$55.00M	USD	Point-in-time
Current maturities of long-term debt (Note 11)	`LongTermDebtCurrent`	$59.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.53B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.08B	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtAndCapitalLeaseObligations`	$3.58B	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtAndCapitalLeaseObligations`	$5.45B	USD	Point-in-time
Pensions and other postretirement benefits (Note 4)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$678.00M	USD	Point-in-time
Pensions and other postretirement benefits (Note 4)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$604.00M	USD	Point-in-time
Accrued product warranty (Note 12)	`ProductWarrantyAccrualNoncurrent`	$684.00M	USD	Point-in-time
Accrued product warranty (Note 12)	`ProductWarrantyAccrualNoncurrent`	$742.00M	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$850.00M	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$867.00M	USD	Point-in-time
Other liabilities (Note 10)	`OtherLiabilitiesNoncurrent`	$1.51B	USD	Point-in-time
Other liabilities (Note 10)	`OtherLiabilitiesNoncurrent`	$1.89B	USD	Point-in-time
Total liabilities	`Liabilities`	$14.31B	USD	Point-in-time
Total liabilities	`Liabilities`	$20.16B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$252.00M	USD	Point-in-time
Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$366.00M	USD	Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued	`CommonStockValueOutstanding`	$2.10B	USD	Point-in-time
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued	`CommonStockValueOutstanding`	$2.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.74B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.63B	USD	Point-in-time
Treasury stock, at cost, 81.5 and 80.0 shares	`TreasuryStockValue`	$9.12B	USD	Point-in-time
Treasury stock, at cost, 81.5 and 80.0 shares	`TreasuryStockValue`	$9.45B	USD	Point-in-time
Accumulated other comprehensive loss (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.57B	USD	Point-in-time
Accumulated other comprehensive loss (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.01B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.15B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.38B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$978.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$889.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.71B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$23.71B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$29.77B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
NET SALES (a) (Note 2)	`Revenues`	$5.97B	USD	1 Quarter
NET SALES (a) (Note 2)	`Revenues`	$7.33B	USD	1 Quarter
NET SALES (a) (Note 2)	`Revenues`	$18.17B	USD	3 Qtrs
NET SALES (a) (Note 2)	`Revenues`	$20.30B	USD	3 Qtrs
Cost of sales (Note 3)	`CostOfRevenue`	$15.40B	USD	3 Qtrs
Cost of sales (Note 3)	`CostOfRevenue`	$13.79B	USD	3 Qtrs
Cost of sales (Note 3)	`CostOfRevenue`	$5.69B	USD	1 Quarter
Cost of sales (Note 3)	`CostOfRevenue`	$4.55B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$4.38B	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$1.64B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$1.41B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$4.90B	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
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$708.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.95B	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$348.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$945.00M	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$802.00M	USD	3 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$266.00M	USD	1 Quarter
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$261.00M	USD	3 Qtrs
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$397.00M	USD	3 Qtrs
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$94.00M	USD	1 Quarter
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$70.00M	USD	1 Quarter
Other operating expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$-5.00M	USD	1 Quarter
Other operating expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$-144.00M	USD	3 Qtrs
Other operating expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$-17.00M	USD	3 Qtrs
Other operating expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$-30.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.21B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$626.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.13B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$666.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$85.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$28.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$112.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$61.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$26.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$43.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$111.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$37.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$2.24B	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$608.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$675.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	3 Qtrs
Income tax expense (Note 6)	`IncomeTaxExpenseBenefit`	$502.00M	USD	3 Qtrs
Income tax expense (Note 6)	`IncomeTaxExpenseBenefit`	$473.00M	USD	3 Qtrs
Income tax expense (Note 6)	`IncomeTaxExpenseBenefit`	$134.00M	USD	1 Quarter
Income tax expense (Note 6)	`IncomeTaxExpenseBenefit`	$199.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$409.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$400.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.52B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.74B	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$534.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$10.74	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$11.96	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.83	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$10.68	USD	3 Qtrs
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`	$2.82	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	145.20M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	143.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.50M	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	900,000.00	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`	800,000.00	shares	3 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.30M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.70M	shares	1 Quarter
Revenue from Related Parties	`RevenueFromRelatedParties`	$295.00M	USD	1 Quarter
Revenue from Related Parties	`RevenueFromRelatedParties`	$1.29B	USD	3 Qtrs
Revenue from Related Parties	`RevenueFromRelatedParties`	$385.00M	USD	1 Quarter
Revenue from Related Parties	`RevenueFromRelatedParties`	$920.00M	USD	3 Qtrs

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$409.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.54B	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$1.76B	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$541.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$497.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$544.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-194.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$44.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$150.00M	USD	3 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$30.00M	USD	3 Qtrs
Pension and OPEB expense (Note 4)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$23.00M	USD	3 Qtrs
Pension and OPEB expense (Note 4)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$62.00M	USD	3 Qtrs
Pension contributions and OPEB payments (Note 4)	`PensionAndOtherPostretirementBenefitContributions`	$86.00M	USD	3 Qtrs
Pension contributions and OPEB payments (Note 4)	`PensionAndOtherPostretirementBenefitContributions`	$71.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$24.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$25.00M	USD	3 Qtrs
Russian suspension costs, net of recoveries (Note 3)	`BusinessExitCosts1`	$158.00M	USD	1 Quarter
Russian suspension costs, net of recoveries (Note 3)	`BusinessExitCosts1`	$112.00M	USD	3 Qtrs
Russian suspension costs, net of recoveries (Note 3)	`BusinessExitCosts1`	-	USD	3 Qtrs
Russian suspension costs, net of recoveries (Note 3)	`BusinessExitCosts1`	$1.00M	USD	1 Quarter
Russian suspension costs, net of recoveries (Note 3)	`BusinessExitCosts1`	$-47.00M	USD	1 Quarter
Asset impairments and other charges	`AssetImpairmentCharges`	$36.00M	USD	3 Qtrs
Asset impairments and other charges	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on corporate owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$-114.00M	USD	3 Qtrs
Loss 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`	$136.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$333.00M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$353.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$919.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$597.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$45.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$416.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$353.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$435.00M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-124.00M	USD	3 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$59.00M	USD	3 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$41.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$56.00M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$145.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.15B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52B	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$362.00M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$453.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$36.00M	USD	3 Qtrs
Investments in internal use software	`PaymentsToDevelopSoftware`	$44.00M	USD	3 Qtrs
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	$20.00M	USD	3 Qtrs
Proceeds from sale of land	`ProceedsFromSaleOfLandHeldForUse`	-	USD	3 Qtrs
Investments in and advances from (to) equity investees	`PaymentsToAcquireAndReturnOfInvestmentForEquityMethodInvestments`	$-3.00M	USD	3 Qtrs
Investments in and advances from (to) equity investees	`PaymentsToAcquireAndReturnOfInvestmentForEquityMethodInvestments`	$50.00M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired (Note 16)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired (Note 16)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.01B	USD	3 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$738.00M	USD	3 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$569.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 7)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$602.00M	USD	3 Qtrs
Investments in marketable securitiesliquidations (Note 7)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$819.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-19.00M	USD	3 Qtrs
Cash flows from derivatives not designated as hedges	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$29.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-45.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.50B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-278.00M	USD	3 Qtrs
Proceeds from borrowings (Notes 11 and 16)	`ProceedsFromIssuanceOfLongTermDebt`	$35.00M	USD	3 Qtrs
Proceeds from borrowings (Notes 11 and 16)	`ProceedsFromIssuanceOfLongTermDebt`	$2.08B	USD	3 Qtrs
Net borrowings (payments) of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-123.00M	USD	3 Qtrs
Net borrowings (payments) of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$2.08B	USD	3 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.07B	USD	3 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$57.00M	USD	3 Qtrs
Net borrowings (payments) under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$-93.00M	USD	3 Qtrs
Net borrowings (payments) under short-term credit agreements	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$21.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$38.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$28.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$601.00M	USD	3 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$633.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$370.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.23B	USD	3 Qtrs
Proceeds from issuing common stock	`ProceedsFromIssuanceOfCommonStock`	$36.00M	USD	3 Qtrs
Proceeds from issuing common stock	`ProceedsFromIssuanceOfCommonStock`	$27.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$9.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.08B	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.11B	USD	3 Qtrs
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.00M	USD	3 Qtrs
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-813.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.59B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.40B	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.50B	USD	Point-in-time

Stockholders Equity 57 line items

Line Item	Tag	Value	Unit	Period
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.57	USD	1 Quarter
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`	$4.47	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$4.15	USD	3 Qtrs
Redeemable noncontrolling interests (Notes 1 and 14)	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$252.00M	USD	Point-in-time
Redeemable noncontrolling interests (Notes 1 and 14)	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$366.00M	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.71B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.45B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.36B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.70B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time
CONSOLIDATED NET INCOME	`ProfitLoss`	$409.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 15)	`OtherComprehensiveIncomeLossNetOfTax`	$20.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 15)	`OtherComprehensiveIncomeLossNetOfTax`	$66.00M	USD	3 Qtrs
Other comprehensive income (loss), net of tax (Note 15)	`OtherComprehensiveIncomeLossNetOfTax`	$-332.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax (Note 15)	`OtherComprehensiveIncomeLossNetOfTax`	$-480.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$8.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$7.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$23.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$370.00M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$1.23B	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$138.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$207.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$222.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$633.00M	USD	3 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$601.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$24.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$38.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$28.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$15.00M	USD	1 Quarter
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$27.00M	USD	3 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$36.00M	USD	3 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00M	USD	1 Quarter
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$17.00M	USD	1 Quarter
Acquisition of business	`NoncontrollingInterestIncreaseFromBusinessCombination`	$111.00M	USD	1 Quarter
Acquisition of business	`NoncontrollingInterestIncreaseFromBusinessCombination`	$111.00M	USD	3 Qtrs
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$-28.00M	USD	3 Qtrs
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$-33.00M	USD	1 Quarter
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$42.00M	USD	1 Quarter
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$96.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-8.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-36.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-13.00M	USD	3 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-12.00M	USD	1 Quarter
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$252.00M	USD	Point-in-time
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$366.00M	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.71B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.45B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.36B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.70B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
CONSOLIDATED NET INCOME	`ProfitLoss`	$409.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.76B	USD	3 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$541.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-28.00M	USD	3 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-63.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-34.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-620.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-379.00M	USD	1 Quarter
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$37.00M	USD	3 Qtrs
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$112.00M	USD	3 Qtrs
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.00M	USD	1 Quarter
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$41.00M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$20.00M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$66.00M	USD	3 Qtrs
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-332.00M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-480.00M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.83B	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$561.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$77.00M	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.00M	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.00M	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-19.00M	USD	3 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$22.00M	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.08B	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$83.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.81B	USD	3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$552.00M	USD	1 Quarter

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