10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000026172-23-000016 |
| Period End Date | 20230331 |
| Filing Date | 20230502 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | cmi-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
87 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
|
81.20M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
80.90M | shares | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.10B | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.28B | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.98B | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$472.00M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$459.00M | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$2.44B | USD | Point-in-time |
| Total cash, cash equivalents and marketable securities |
CashCashEquivalentsAndShortTermInvestments
|
$2.57B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$5.20B | USD | Point-in-time |
| Trade and other |
AccountsReceivableNet
|
$5.83B | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$5.88B | USD | Point-in-time |
| Inventories (Note 7) |
InventoryNet
|
$5.60B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.07B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.22B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$15.37B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$14.45B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$10.51B | USD | Point-in-time |
| Property, plant and equipment |
PropertyPlantAndEquipmentGross
|
$10.63B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$4.99B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$5.04B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.52B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.59B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.76B | USD | Point-in-time |
| Investments and advances related to equity method investees |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$1.86B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.37B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.34B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.64B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.69B | USD | Point-in-time |
| Pension assets (Note 3) |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$1.50B | USD | Point-in-time |
| Pension assets (Note 3) |
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
$1.40B | USD | Point-in-time |
| Other assets (Note 8) |
OtherAssetsNoncurrent
|
$2.11B | USD | Point-in-time |
| Other assets (Note 8) |
OtherAssetsNoncurrent
|
$2.14B | USD | Point-in-time |
| Total assets |
Assets
|
$30.30B | USD | Point-in-time |
| Total assets |
Assets
|
$31.43B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$4.64B | USD | Point-in-time |
| Accounts payable (principally trade) |
AccountsPayableCurrent
|
$4.25B | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$210.00M | USD | Point-in-time |
| Loans payable (Note 9) |
ShortTermBankLoansAndNotesPayable
|
$229.00M | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$2.54B | USD | Point-in-time |
| Commercial paper (Note 9) |
CommercialPaper
|
$2.57B | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$569.00M | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$573.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$617.00M | USD | Point-in-time |
| Accrued compensation, benefits and retirement costs |
EmployeeRelatedLiabilitiesCurrent
|
$510.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$746.00M | USD | Point-in-time |
| Current portion of accrued product warranty (Note 10) |
ProductWarrantyAccrualClassifiedCurrent
|
$726.00M | USD | Point-in-time |
| Current portion of deferred revenue (Note 2) |
ContractWithCustomerLiabilityCurrent
|
$1.04B | USD | Point-in-time |
| Current portion of deferred revenue (Note 2) |
ContractWithCustomerLiabilityCurrent
|
$1.00B | USD | Point-in-time |
| Other accrued expenses (Note 8) |
AccruedLiabilitiesCurrent
|
$1.47B | USD | Point-in-time |
| Other accrued expenses (Note 8) |
AccruedLiabilitiesCurrent
|
$1.65B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$11.42B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$11.92B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$4.50B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtAndCapitalLeaseObligations
|
$4.41B | USD | Point-in-time |
| Deferred revenue (Note 2) |
ContractWithCustomerLiabilityNoncurrent
|
$844.00M | USD | Point-in-time |
| Deferred revenue (Note 2) |
ContractWithCustomerLiabilityNoncurrent
|
$937.00M | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesNoncurrent
|
$3.28B | USD | Point-in-time |
| Other liabilities (Note 8) |
OtherLiabilitiesNoncurrent
|
$3.31B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$20.07B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$20.55B | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$261.00M | USD | Point-in-time |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$258.00M | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued |
CommonStockValueOutstanding
|
$2.23B | USD | Point-in-time |
| Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued |
CommonStockValueOutstanding
|
$2.24B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$18.04B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$18.61B | USD | Point-in-time |
| Treasury stock, at cost, 80.9 and 81.2 shares |
TreasuryStockValue
|
$9.39B | USD | Point-in-time |
| Treasury stock, at cost, 80.9 and 81.2 shares |
TreasuryStockValue
|
$9.41B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.82B | USD | Point-in-time |
| Accumulated other comprehensive loss (Note 13) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.89B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$9.62B | USD | Point-in-time |
| Total Cummins Inc. shareholders' equity |
StockholdersEquity
|
$8.97B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$997.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$992.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.62B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.97B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.04B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.97B | USD | Point-in-time |
| Total liabilities, redeemable noncontrolling interests and equity |
LiabilitiesAndStockholdersEquity
|
$30.30B | USD | Point-in-time |
| Total liabilities, redeemable noncontrolling interests and equity |
LiabilitiesAndStockholdersEquity
|
$31.43B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES (Notes 1 and 2) |
Revenues
|
$6.38B | USD | 1 Quarter |
| NET SALES (Notes 1 and 2) |
Revenues
|
$8.45B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$6.42B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.85B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$1.53B | USD | 1 Quarter |
| GROSS MARGIN |
GrossProfit
|
$2.03B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$615.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$753.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$350.00M | USD | 1 Quarter |
| Research, development and engineering expenses |
ResearchAndDevelopmentExpense
|
$298.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees |
IncomeLossFromEquityMethodInvestments
|
$119.00M | USD | 1 Quarter |
| Equity, royalty and interest income from investees |
IncomeLossFromEquityMethodInvestments
|
$96.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-111.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-19.00M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$1.03B | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$604.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$87.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$17.00M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$90.00M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-9.00M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$1.03B | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$578.00M | USD | 1 Quarter |
| Income tax expense (Note 5) |
IncomeTaxExpenseBenefit
|
$223.00M | USD | 1 Quarter |
| Income tax expense (Note 5) |
IncomeTaxExpenseBenefit
|
$155.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$423.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$806.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$16.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$418.00M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CUMMINS INC. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$790.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$5.58 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$2.94 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$5.55 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$2.92 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
141.50M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
142.20M | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
900,000.00 | shares | 1 Quarter |
| Dilutive effect of stock compensation awards (in shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
900,000.00 | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
142.40M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
143.10M | shares | 1 Quarter |
Cash Flow Statement
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$423.00M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$806.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$246.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$161.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-66.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-38.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$67.00M | USD | 1 Quarter |
| Equity in income of investees, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$76.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 3) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$1.00M | USD | 1 Quarter |
| Pension and OPEB expense (Note 3) |
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
$9.00M | USD | 1 Quarter |
| Pension contributions and OPEB payments (Note 3) |
PensionAndOtherPostretirementBenefitContributions
|
$43.00M | USD | 1 Quarter |
| Pension contributions and OPEB payments (Note 3) |
PensionAndOtherPostretirementBenefitContributions
|
$92.00M | USD | 1 Quarter |
| Russian suspension costs (Note 15) |
BusinessExitCosts1
|
$158.00M | USD | 1 Quarter |
| Russian suspension costs (Note 15) |
BusinessExitCosts1
|
- | USD | 1 Quarter |
| (Gain) loss on corporate owned life insurance |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$-37.00M | USD | 1 Quarter |
| (Gain) loss on corporate owned life insurance |
LifeInsuranceCorporateOrBankOwnedChangeInValue
|
$19.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$7.00M | USD | 1 Quarter |
| Foreign currency remeasurement and transaction exposure |
ForeignCurrencyTransactionGainLossBeforeTax
|
$11.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$417.00M | USD | 1 Quarter |
| Accounts and notes receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$621.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$289.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$263.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$142.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$57.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$381.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$484.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$151.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-251.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-70.00M | USD | 1 Quarter |
| Changes in other liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-64.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-28.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-99.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$495.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$164.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$193.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$104.00M | USD | 1 Quarter |
| Acquisition of a business, net of cash acquired (Note 16) |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$-83.00M | USD | 1 Quarter |
| Acquisition of a business, net of cash acquired (Note 16) |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$197.00M | USD | 1 Quarter |
| Investments in marketable securitiesacquisitions |
PaymentsToAcquireMarketableSecurities
|
$326.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 6) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$345.00M | USD | 1 Quarter |
| Investments in marketable securitiesliquidations (Note 6) |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$254.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$46.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$54.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-228.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-10.00M | USD | 1 Quarter |
| Proceeds from borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$43.00M | USD | 1 Quarter |
| Proceeds from borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$14.00M | USD | 1 Quarter |
| Net payments of commercial paper |
ProceedsFromRepaymentsOfCommercialPaper
|
$-2.00M | USD | 1 Quarter |
| Net payments of commercial paper |
ProceedsFromRepaymentsOfCommercialPaper
|
$-29.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$142.00M | USD | 1 Quarter |
| Payments on borrowings and finance lease obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$24.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$207.00M | USD | 1 Quarter |
| Dividend payments on common stock |
PaymentsOfDividends
|
$222.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$311.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-13.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$33.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-363.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-497.00M | USD | 1 Quarter |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-25.00M | USD | 1 Quarter |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$27.00M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-121.00M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-316.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$2.10B | 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
|
$2.10B | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$2.59B | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.10B | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.28B | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.98B | USD | Point-in-time |
Stockholders Equity
29 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.57 | USD | 1 Quarter |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$1.45 | USD | 1 Quarter |
| Redeemable noncontrolling interests (Note 12) |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$261.00M | USD | Point-in-time |
| Redeemable noncontrolling interests (Note 12) |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$258.00M | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.62B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.97B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.04B | USD | Point-in-time |
| BALANCE AT BEGINNING OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.97B | USD | Point-in-time |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$423.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$806.00M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$70.00M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (Note 13) |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00M | USD | 1 Quarter |
| Repurchases of common stock |
TreasuryStockValueAcquiredCostMethod
|
$311.00M | 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 |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$14.00M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$22.00M | USD | 1 Quarter |
| Share-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$9.00M | USD | 1 Quarter |
| Share-based awards |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$20.00M | USD | 1 Quarter |
| Fair value adjustment of redeemable noncontrolling interests |
MinorityInterestChangeInRedemptionValue
|
$-30.00M | USD | 1 Quarter |
| Fair value adjustment of redeemable noncontrolling interests |
MinorityInterestChangeInRedemptionValue
|
$-11.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$-14.00M | USD | 1 Quarter |
| Other shareholder transactions |
StockholdersEquityOther
|
$-4.00M | USD | 1 Quarter |
| Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$261.00M | USD | Point-in-time |
| Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$258.00M | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.62B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.97B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.04B | USD | Point-in-time |
| BALANCE AT END OF PERIOD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.97B | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$423.00M | USD | 1 Quarter |
| CONSOLIDATED NET INCOME |
ProfitLoss
|
$806.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$9.00M | USD | 1 Quarter |
| Change in pension and other postretirement defined benefit plans |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-16.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$82.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$4.00M | USD | 1 Quarter |
| Unrealized (loss) gain on derivatives |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$-3.00M | USD | 1 Quarter |
| Unrealized (loss) gain on derivatives |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$28.00M | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$70.00M | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$471.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$876.00M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-3.00M | USD | 1 Quarter |
| Less: Comprehensive income (loss) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$19.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$857.00M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. |
ComprehensiveIncomeNetOfTax
|
$474.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.