10-Q Filing

CUMMINS INC CIK: 26172 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000026172-23-000035`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	cmi-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 80 Cash Flow Statement 74 Stockholders Equity 55 Comprehensive Income 32

Balance Sheet 89 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, Common, Shares	`TreasuryStockCommonShares`	81.20M	shares	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	80.90M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.10B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.46B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$512.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$472.00M	USD	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$2.57B	USD	Point-in-time
Total cash, cash equivalents and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$2.31B	USD	Point-in-time
Accounts and notes receivable, net	`AccountsReceivableNet`	$5.20B	USD	Point-in-time
Accounts and notes receivable, net	`AccountsReceivableNet`	$5.86B	USD	Point-in-time
Inventories (Note 7)	`InventoryNet`	$6.03B	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`	$1.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.45B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.92B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.51B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.99B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.72B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.52B	USD	Point-in-time
Investments and advances related to equity method investees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.86B	USD	Point-in-time
Investments and advances related to equity method investees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.76B	USD	Point-in-time
Goodwill	`Goodwill`	$2.40B	USD	Point-in-time
Goodwill	`Goodwill`	$2.34B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.58B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.69B	USD	Point-in-time
Pension assets (Note 3)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.52B	USD	Point-in-time
Pension assets (Note 3)	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$1.40B	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$2.23B	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$2.14B	USD	Point-in-time
Total assets	`Assets`	$31.73B	USD	Point-in-time
Total assets	`Assets`	$30.30B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$4.31B	USD	Point-in-time
Accounts payable (principally trade)	`AccountsPayableCurrent`	$4.25B	USD	Point-in-time
Loans payable (Note 9)	`ShortTermBankLoansAndNotesPayable`	$419.00M	USD	Point-in-time
Loans payable (Note 9)	`ShortTermBankLoansAndNotesPayable`	$210.00M	USD	Point-in-time
Commercial paper (Note 9)	`CommercialPaper`	$2.57B	USD	Point-in-time
Commercial paper (Note 9)	`CommercialPaper`	$1.62B	USD	Point-in-time
Current maturities of long-term debt (Note 9)	`LongTermDebtCurrent`	$573.00M	USD	Point-in-time
Current maturities of long-term debt (Note 9)	`LongTermDebtCurrent`	$575.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$721.00M	USD	Point-in-time
Accrued compensation, benefits and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$617.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 10)	`ProductWarrantyAccrualClassifiedCurrent`	$726.00M	USD	Point-in-time
Current portion of accrued product warranty (Note 10)	`ProductWarrantyAccrualClassifiedCurrent`	$751.00M	USD	Point-in-time
Current portion of deferred revenue (Note 2)	`ContractWithCustomerLiabilityCurrent`	$1.02B	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`	$1.64B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.04B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.42B	USD	Point-in-time
Long-term debt (Note 9)	`LongTermDebtAndCapitalLeaseObligations`	$5.09B	USD	Point-in-time
Long-term debt (Note 9)	`LongTermDebtAndCapitalLeaseObligations`	$4.50B	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$844.00M	USD	Point-in-time
Deferred revenue (Note 2)	`ContractWithCustomerLiabilityNoncurrent`	$939.00M	USD	Point-in-time
Other liabilities (Note 8)	`OtherLiabilitiesNoncurrent`	$3.31B	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`	$20.38B	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`	$258.00M	USD	Point-in-time
Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	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
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued	`CommonStockValueOutstanding`	$2.53B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.04B	USD	Point-in-time
Treasury stock, at cost, 80.9 and 81.2 shares	`TreasuryStockValue`	$9.41B	USD	Point-in-time
Treasury stock, at cost, 80.9 and 81.2 shares	`TreasuryStockValue`	$9.38B	USD	Point-in-time
Accumulated other comprehensive loss (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.89B	USD	Point-in-time
Accumulated other comprehensive loss (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.92B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$8.97B	USD	Point-in-time
Total Cummins Inc. shareholders' equity	`StockholdersEquity`	$10.34B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$992.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.62B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$31.73B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$30.30B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.59B	USD	1 Quarter
Revenues	`Revenues`	$12.97B	USD	2 Qtrs
Revenues	`Revenues`	$17.09B	USD	2 Qtrs
Revenues	`Revenues`	$8.64B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$12.91B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$9.71B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$6.49B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.86B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$2.15B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$1.73B	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$4.18B	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$3.26B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$622.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.24B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.63B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$873.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$299.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$734.00M	USD	2 Qtrs
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$384.00M	USD	1 Quarter
Research, development and engineering expenses	`ResearchAndDevelopmentExpense`	$597.00M	USD	2 Qtrs
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$252.00M	USD	2 Qtrs
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$133.00M	USD	1 Quarter
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$191.00M	USD	2 Qtrs
Equity, royalty and interest income from investees	`IncomeLossFromEquityMethodInvestments`	$95.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-114.00M	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-46.00M	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-3.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-27.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.50B	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$997.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.02B	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$897.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$99.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$51.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$186.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$34.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$141.00M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-8.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-17.00M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$51.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$855.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.98B	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.43B	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$949.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$212.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$148.00M	USD	1 Quarter
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$303.00M	USD	2 Qtrs
Income tax expense (Note 5)	`IncomeTaxExpenseBenefit`	$435.00M	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$737.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.13B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$707.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$33.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$720.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$702.00M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.12B	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CUMMINS INC.	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.51B	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$7.90	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$10.66	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.97	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$7.86	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$10.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.60M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.70M	shares	2 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	800,000.00	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	900,000.00	shares	2 Qtrs
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	800,000.00	shares	1 Quarter
Dilutive effect of stock compensation awards (in shares)	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	800,000.00	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.50M	shares	2 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$737.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.13B	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$1.54B	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$707.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$503.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$328.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-132.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-112.00M	USD	2 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$113.00M	USD	2 Qtrs
Equity in income of investees, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$62.00M	USD	2 Qtrs
Pension and OPEB expense (Note 3)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$17.00M	USD	2 Qtrs
Pension and OPEB expense (Note 3)	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$3.00M	USD	2 Qtrs
Pension contributions and OPEB payments (Note 3)	`PensionAndOtherPostretirementBenefitContributions`	$103.00M	USD	2 Qtrs
Pension contributions and OPEB payments (Note 3)	`PensionAndOtherPostretirementBenefitContributions`	$55.00M	USD	2 Qtrs
Russian suspension costs, net of recoveries (Note 14)	`BusinessExitCosts1`	$-47.00M	USD	1 Quarter
Russian suspension costs, net of recoveries (Note 14)	`BusinessExitCosts1`	$111.00M	USD	2 Qtrs
Russian suspension costs, net of recoveries (Note 14)	`BusinessExitCosts1`	-	USD	2 Qtrs
(Gain) loss on corporate owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$20.00M	USD	2 Qtrs
(Gain) loss on corporate owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$-85.00M	USD	2 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$10.00M	USD	2 Qtrs
Foreign currency remeasurement and transaction exposure	`ForeignCurrencyTransactionGainLossBeforeTax`	$59.00M	USD	2 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$252.00M	USD	2 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$635.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$498.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$403.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$65.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$137.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$65.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$426.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-281.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$261.00M	USD	2 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$11.00M	USD	2 Qtrs
Changes in other liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-75.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-130.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-12.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$978.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$763.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$414.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$251.00M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired (Note 16)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$245.00M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired (Note 16)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$134.00M	USD	2 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$648.00M	USD	2 Qtrs
Investments in marketable securitiesacquisitions	`PaymentsToAcquireMarketableSecurities`	$433.00M	USD	2 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$620.00M	USD	2 Qtrs
Investments in marketable securitiesliquidations (Note 6)	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$461.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$30.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$108.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-576.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-606.00M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$737.00M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$56.00M	USD	2 Qtrs
Net (payments) borrowings of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-658.00M	USD	2 Qtrs
Net (payments) borrowings of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$392.00M	USD	2 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$228.00M	USD	2 Qtrs
Payments on borrowings and finance lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$71.00M	USD	2 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$445.00M	USD	2 Qtrs
Dividend payments on common stock	`PaymentsOfDividends`	$411.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$347.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-603.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-391.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-68.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-130.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-299.00M	USD	2 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`	$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 AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.10B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.10B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.46B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80B	USD	Point-in-time

Stockholders Equity 55 line items

Line Item	Tag	Value	Unit	Period
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.14	USD	2 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.90	USD	2 Qtrs
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 16)	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$258.00M	USD	Point-in-time
Redeemable noncontrolling interests (Note 16)	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.62B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.36B	USD	Point-in-time
BALANCE AT BEGINNING OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time
CONSOLIDATED NET INCOME	`ProfitLoss`	$737.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.13B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$707.00M	USD	1 Quarter
Other comprehensive loss, net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$-26.00M	USD	2 Qtrs
Other comprehensive loss, net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$-96.00M	USD	1 Quarter
Other comprehensive loss, net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$-196.00M	USD	1 Quarter
Other comprehensive loss, net of tax (Note 12)	`OtherComprehensiveIncomeLossNetOfTax`	$-148.00M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.00M	USD	2 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$223.00M	USD	1 Quarter
Cash dividends on common stock	`DividendsCommonStockCash`	$411.00M	USD	2 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$445.00M	USD	2 Qtrs
Cash dividends on common stock	`DividendsCommonStockCash`	$204.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$24.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$36.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$347.00M	USD	2 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$8.00M	USD	1 Quarter
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$19.00M	USD	2 Qtrs
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$10.00M	USD	1 Quarter
Share-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$28.00M	USD	2 Qtrs
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$159.00M	USD	1 Quarter
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$-22.00M	USD	1 Quarter
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$129.00M	USD	2 Qtrs
Fair value adjustment of redeemable noncontrolling interests	`MinorityInterestChangeInRedemptionValue`	$-33.00M	USD	2 Qtrs
Sale of Atmus stock (Note 15)	`ImpactOnEquityOfSaleOfNoncontrollingInterestInSubsidiary`	$282.00M	USD	1 Quarter
Sale of Atmus stock (Note 15)	`ImpactOnEquityOfSaleOfNoncontrollingInterestInSubsidiary`	$282.00M	USD	2 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-24.00M	USD	2 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-38.00M	USD	1 Quarter
Other shareholder transactions	`StockholdersEquityOther`	$-42.00M	USD	2 Qtrs
Other shareholder transactions	`StockholdersEquityOther`	$-10.00M	USD	1 Quarter
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$258.00M	USD	Point-in-time
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.43B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.62B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.36B	USD	Point-in-time
BALANCE AT END OF PERIOD	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.04B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
CONSOLIDATED NET INCOME	`ProfitLoss`	$737.00M	USD	1 Quarter
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.13B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$1.54B	USD	2 Qtrs
CONSOLIDATED NET INCOME	`ProfitLoss`	$707.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$7.00M	USD	2 Qtrs
Change in pension and other postretirement defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-22.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-245.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-241.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-110.00M	USD	1 Quarter
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$43.00M	USD	1 Quarter
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$12.00M	USD	1 Quarter
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00M	USD	2 Qtrs
Unrealized gain on derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$71.00M	USD	2 Qtrs
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-26.00M	USD	2 Qtrs
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-96.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-196.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-148.00M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$982.00M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$641.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$511.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$34.00M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-13.00M	USD	2 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-10.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$1.48B	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$995.00M	USD	2 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$521.00M	USD	1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.	`ComprehensiveIncomeNetOfTax`	$626.00M	USD	1 Quarter

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