$CMI
CUMMINS INC Stock $cmi

$cmi Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000002617215000014 Filed on April 29, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$4.709B	$4.406B
YoY Change	6.88%	12.34%
Cost Of Revenue	$3.514B	$3.307B
YoY Change	6.26%	11.53%
Gross Profit	$1.195B	$1.099B
YoY Change	8.74%	14.84%
Gross Profit Margin	25.38%	24.94%
Selling, General & Admin	$517.0M	$485.0M
YoY Change	6.6%	9.23%
% of Gross Profit	43.26%	44.13%
Research & Development	$195.0M	$190.0M
YoY Change	2.63%	4.4%
% of Gross Profit	16.32%	17.29%
Depreciation & Amortization	$128.0M	$105.0M
YoY Change	21.9%	7.14%
% of Gross Profit	10.71%	9.55%
Operating Expenses	$712.0M	$675.0M
YoY Change	5.48%	7.83%
Operating Profit	$548.0M	$513.0M
YoY Change	6.82%	23.91%
Interest Expense	$14.00M	$17.00M
YoY Change	-17.65%	183.33%
% of Operating Profit	2.55%	3.31%
Other Income/Expense, Net	$9.000M	$10.00M
YoY Change	-10.0%	-44.44%
Pretax Income	$548.0M	$511.0M
YoY Change	7.24%	18.56%
Income Tax	$144.0M	$153.0M
% Of Pretax Income	26.28%	29.94%
Net Earnings	$404.0M	$358.0M
YoY Change	12.85%	14.74%
Net Earnings / Revenue	8.58%	8.13%
Basic Earnings Per Share	$2.14	$1.83
Diluted Earnings Per Share	$2.14	$1.83
COMMON SHARES
Basic Shares Outstanding	180.6M shares	184.3M shares
Diluted Shares Outstanding	181.0M shares	184.7M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.112B	$2.307B
YoY Change	-8.45%	37.4%
Cash & Equivalents	$1.997B	$2.178B
Short-Term Investments	$115.0M	$129.0M
Other Short-Term Assets	$712.0M	$663.0M
YoY Change	7.39%	0.76%
Inventory	$2.936B	$2.580B
Prepaid Expenses
Receivables	$3.240B	$2.949B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$9.000B	$8.499B
YoY Change	5.89%	17.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.637B	$3.232B
YoY Change	12.53%	16.72%
Goodwill	$470.0M	$464.0M
YoY Change	1.29%	4.5%
Intangibles	$340.0M	$357.0M
YoY Change	-4.76%	-2.46%
Long-Term Investments	$968.0M	$966.0M
YoY Change	0.21%	2.33%
Other Assets	$607.0M	$611.0M
YoY Change	-0.65%	-39.68%
Total Long-Term Assets	$6.736B	$6.252B
YoY Change	7.74%	12.93%
TOTAL ASSETS
Total Short-Term Assets	$9.000B	$8.499B
Total Long-Term Assets	$6.736B	$6.252B
Total Assets	$15.74B	$14.75B
YoY Change	6.68%	15.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.013B	$1.887B
YoY Change	6.68%	21.43%
Accrued Expenses	$1.547B	$1.237B
YoY Change	25.06%	3.78%
Deferred Revenue
YoY Change
Short-Term Debt	$71.00M	$24.00M
YoY Change	195.83%	84.62%
Long-Term Debt Due	$33.00M	$37.00M
YoY Change	-10.81%	-31.48%
Total Short-Term Liabilities	$4.057B	$3.555B
YoY Change	14.12%	9.15%
LONG-TERM LIABILITIES
Long-Term Debt	$1.602B	$1.632B
YoY Change	-1.84%	121.74%
Other Long-Term Liabilities	$2.008B	$1.830B
YoY Change	9.73%	6.52%
Total Long-Term Liabilities	$3.610B	$3.462B
YoY Change	4.27%	41.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.057B	$3.555B
Total Long-Term Liabilities	$3.610B	$3.462B
Total Liabilities	$7.667B	$7.017B
YoY Change	9.26%	22.87%
SHAREHOLDERS EQUITY
Retained Earnings	$9.792B	$8.629B
YoY Change	13.48%	14.59%
Common Stock	$2.146B	$2.101B
YoY Change	2.14%	1.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.975B	$2.600B
YoY Change	14.42%	42.31%
Treasury Stock Shares	41.00M shares	38.40M shares
Shareholders Equity	$7.706B	$7.360B
YoY Change
Total Liabilities & Shareholders Equity	$15.74B	$14.75B
YoY Change	6.68%	15.64%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$404.0M	$358.0M
YoY Change	12.85%	14.74%
Depreciation, Depletion And Amortization	$128.0M	$105.0M
YoY Change	21.9%	7.14%
Cash From Operating Activities	$173.0M	$263.0M
YoY Change	-34.22%	-38.55%
INVESTING ACTIVITIES
Capital Expenditures	$100.0M	$107.0M
YoY Change	-6.54%	-6.14%
Acquisitions	$11.00M	$90.00M
YoY Change	-87.78%	429.41%
Other Investing Activities	-$4.000M	-$1.000M
YoY Change	300.0%
Cash From Investing Activities	-$125.0M	-$187.0M
YoY Change	-33.16%	30.77%
FINANCING ACTIVITIES
Cash Dividend Paid	$140.0M	$115.0M
YoY Change	21.74%	21.05%
Common Stock Issuance & Retirement, Net	$137.0M	$419.0M
YoY Change	-67.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-296.0M	-602.0M
YoY Change	-50.83%	484.47%
NET CHANGE
Cash From Operating Activities	173.0M	263.0M
Cash From Investing Activities	-125.0M	-187.0M
Cash From Financing Activities	-296.0M	-602.0M
Net Change In Cash	-248.0M	-526.0M
YoY Change	-52.85%	-389.01%
FREE CASH FLOW
Cash From Operating Activities	$173.0M	$263.0M
Capital Expenditures	$100.0M	$107.0M
Free Cash Flow	$73.00M	$156.0M
YoY Change	-53.21%	-50.32%

Facts In Submission

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CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-29
CY2015Q1	dei	Document Type DocumentType	10-Q
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CY2015Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	340000000	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	17000000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	14000000	USD
CY2014Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1859000000	USD
CY2015Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1896000000	USD
CY2014Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	122000000	USD
CY2015Q1	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	121000000	USD
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CY2015Q1	us-gaap	Inventory Net InventoryNet	2936000000	USD
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CY2015Q1	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1161000000	USD
CY2014Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000	USD
CY2015Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000	USD
CY2014Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	981000000	USD
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CY2015Q1	us-gaap	Liabilities Liabilities	7667000000	USD
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CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15736000000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4021000000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	4057000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1589000000	USD
CY2015Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1602000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	23000000	USD
CY2015Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	33000000	USD
CY2014Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	1993000000	USD
CY2015Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2043000000	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	39000000	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	11000000	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	16000000	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	15000000	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	25000000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	344000000	USD
CY2015Q1	us-gaap	Minority Interest MinorityInterest	363000000	USD
CY2014Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	13000000	USD
CY2015Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-521000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-304000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-602000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-296000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-187000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-125000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	263000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	173000000	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	20000000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	17000000	USD
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	338000000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	387000000	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	513000000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	548000000	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	759000000	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	778000000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	595000000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	607000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-2000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-1000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	26000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-201000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	26000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-177000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	2000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	0	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	31000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-176000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	35000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-164000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-4000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-13000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-24000000	USD
CY2014Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1415000000	USD
CY2015Q1	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1359000000	USD
CY2014Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-39000000	USD
CY2015Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	30000000	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	10000000	USD
CY2014Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1000000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9000000	USD
CY2015Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-3000000	USD
CY2014Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	369000000	USD
CY2015Q1	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	359000000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-5000000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-4000000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1000000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4000000	USD
CY2014Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	419000000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	137000000	USD
CY2014Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	115000000	USD
CY2015Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	140000000	USD
CY2014Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	90000000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	11000000	USD
CY2014Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	6000000	USD
CY2015Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	-10000000	USD
CY2014Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	84000000	USD
CY2015Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	95000000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	107000000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	100000000	USD
CY2014Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	14000000	USD
CY2015Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	8000000	USD
CY2014Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	13000000	USD
CY2015Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	1000000	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	849000000	USD
CY2015Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	712000000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	7000000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2000000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-37000000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2000000	USD
CY2014Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	108000000	USD
CY2015Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	71000000	USD
CY2013Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1129000000	USD
CY2014Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1133000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1283000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1320000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	363000000	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	358000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	379000000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	1000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-6000000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	102000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	94000000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	404000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7123000000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7046000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3686000000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3637000000	USD
CY2014Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-9000000	USD
CY2015Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-13000000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	25000000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	18000000	USD
CY2014Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	190000000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	195000000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9545000000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9792000000	USD
CY2014Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	592000000	USD
CY2015Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	325000000	USD
CY2014Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4406000000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4709000000	USD
CY2014Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	485000000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	517000000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	10000000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5000000	USD
CY2014Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	86000000	USD
CY2015Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	71000000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	84000000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	109000000	USD
CY2014Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	6000000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1000000	USD
CY2014Q1	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	1000000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	1000000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	7749000000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	7706000000	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7870000000	USD
CY2014Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7734000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8093000000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8069000000	USD
CY2014Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-1000000	USD
CY2014Q1	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	12000000	USD
CY2015Q1	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	18000000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40100000	shares
CY2015Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	41000000	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	2844000000	USD
CY2015Q1	us-gaap	Treasury Stock Value TreasuryStockValue	2975000000	USD
CY2014Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	419000000	USD
CY2015Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	137000000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	184700000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	181000000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	184300000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	180600000	shares
CY2015Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">NOTE 1. NATURE OF OPERATIONS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cummins Inc. (“Cummins,” “we,” “our” or “us”) was founded in 1919 as a corporation in Columbus, Indiana and as one of the first diesel engine manufacturers. </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">We are a global power leader that designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. We sell our products to original equipment manufacturers (OEMs), distributors and other customers worldwide.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">We serve our customers through a network of approximately</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">600</font><font style="font-family:inherit;font-size:10pt;"> company-owned and independent distributor locations and approximately</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">7,200</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">dealer locations in more than </font><font style="font-family:inherit;font-size:10pt;">190</font><font style="font-family:inherit;font-size:10pt;"> countries and territories.</font></div></div>

Files In Submission

Name	View Source	Status
0000026172-15-000014-index-headers.html	Edgar Link	pending
0000026172-15-000014-index.html	Edgar Link	pending
0000026172-15-000014.txt	Edgar Link	pending
0000026172-15-000014-xbrl.zip	Edgar Link	pending
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cmi-20150329.xml	Edgar Link	completed
cmi-20150329.xsd	Edgar Link	pending
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cmi-20150329_def.xml	Edgar Link	unprocessable
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cmi-20150329_pre.xml	Edgar Link	unprocessable
cmi2015currentq110-qdocume.htm	Edgar Link	pending
cmi2015currentq1exhibit10n.htm	Edgar Link	pending
cmi2015currentq1exhibit12.htm	Edgar Link	pending
cmi2015currentq1exhibit31a.htm	Edgar Link	pending
cmi2015currentq1exhibit31b.htm	Edgar Link	pending
cmi2015currentq1exhibit32.htm	Edgar Link	pending
cumminsc.jpg	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$CMI
CUMMINS INC Stock $cmi

2015 Q1 Form 10-Q Financial Statement

#000002617215000014 Filed on April 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI CUMMINS INC Stock $cmi

2015 Q1 Form 10-Q Financial Statement

#000002617215000014 Filed on April 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI
CUMMINS INC Stock $cmi