$CMI
CUMMINS INC Stock $cmi

$cmi Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000002617215000020 Filed on July 29, 2015

Income Statement

Concept	2015 Q2	2014 Q2
Revenue	$5.015B	$4.835B
YoY Change	3.72%	6.85%
Cost Of Revenue	$3.683B	$3.630B
YoY Change	1.46%	7.65%
Gross Profit	$1.332B	$1.205B
YoY Change	10.54%	4.51%
Gross Profit Margin	26.56%	24.92%
Selling, General & Admin	$537.0M	$513.0M
YoY Change	4.68%	5.99%
% of Gross Profit	40.32%	42.57%
Research & Development	$166.0M	$179.0M
YoY Change	-7.26%	1.13%
% of Gross Profit	12.46%	14.85%
Depreciation & Amortization	$126.0M	$112.0M
YoY Change	12.5%	9.8%
% of Gross Profit	9.46%	9.29%
Operating Expenses	$703.0M	$692.0M
YoY Change	1.59%	4.69%
Operating Profit	$723.0M	$612.0M
YoY Change	18.14%	0.33%
Interest Expense	$17.00M	$15.00M
YoY Change	13.33%	87.5%
% of Operating Profit	2.35%	2.45%
Other Income/Expense, Net	-$8.000M	$39.00M
YoY Change	-120.51%	3800.0%
Pretax Income	$704.0M	$642.0M
YoY Change	9.66%	4.73%
Income Tax	$208.0M	$170.0M
% Of Pretax Income	29.55%	26.48%
Net Earnings	$496.0M	$472.0M
YoY Change	5.08%	7.03%
Net Earnings / Revenue	9.89%	9.76%
Basic Earnings Per Share	$2.63	$2.44
Diluted Earnings Per Share	$2.62	$2.43
COMMON SHARES
Basic Shares Outstanding	179.2M shares	182.8M shares
Diluted Shares Outstanding	179.6M shares	183.2M shares

Balance Sheet

Concept	2015 Q2	2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.849B	$2.377B
YoY Change	-22.21%	49.78%
Cash & Equivalents	$1.760B	$2.219B
Short-Term Investments	$89.00M	$158.0M
Other Short-Term Assets	$746.0M	$770.0M
YoY Change	-3.12%	28.98%
Inventory	$2.986B	$2.745B
Prepaid Expenses
Receivables	$3.422B	$3.188B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$9.003B	$9.080B
YoY Change	-0.85%	22.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.653B	$3.329B
YoY Change	9.73%	15.51%
Goodwill	$473.0M	$465.0M
YoY Change	1.72%	3.33%
Intangibles	$339.0M	$353.0M
YoY Change	-3.97%	-1.94%
Long-Term Investments	$995.0M	$934.0M
YoY Change	6.53%	1.08%
Other Assets	$631.0M	$668.0M
YoY Change	-5.54%	-35.02%
Total Long-Term Assets	$6.875B	$6.420B
YoY Change	7.09%	13.75%
TOTAL ASSETS
Total Short-Term Assets	$9.003B	$9.080B
Total Long-Term Assets	$6.875B	$6.420B
Total Assets	$15.88B	$15.50B
YoY Change	2.44%	18.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.974B	$1.905B
YoY Change	3.62%	14.14%
Accrued Expenses	$1.576B	$1.394B
YoY Change	13.06%	8.4%
Deferred Revenue
YoY Change
Short-Term Debt	$70.00M	$30.00M
YoY Change	133.33%	-25.0%
Long-Term Debt Due	$31.00M	$33.00M
YoY Change	-6.06%	-23.26%
Total Short-Term Liabilities	$4.053B	$3.809B
YoY Change	6.41%	10.02%
LONG-TERM LIABILITIES
Long-Term Debt	$1.576B	$1.627B
YoY Change	-3.13%	115.78%
Other Long-Term Liabilities	$2.035B	$1.906B
YoY Change	6.77%	9.6%
Total Long-Term Liabilities	$3.611B	$3.533B
YoY Change	2.21%	41.72%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.053B	$3.809B
Total Long-Term Liabilities	$3.611B	$3.533B
Total Liabilities	$7.664B	$7.342B
YoY Change	4.39%	23.29%
SHAREHOLDERS EQUITY
Retained Earnings	$10.12B	$8.961B
YoY Change	12.97%	14.15%
Common Stock	$2.164B	$2.113B
YoY Change	2.41%	1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$3.350B	$2.604B
YoY Change	28.65%	23.3%
Treasury Stock Shares	43.70M shares	38.40M shares
Shareholders Equity	$7.854B	$7.787B
YoY Change
Total Liabilities & Shareholders Equity	$15.88B	$15.50B
YoY Change	2.44%	18.79%

Cashflow Statement

Concept	2015 Q2	2014 Q2
OPERATING ACTIVITIES
Net Income	$496.0M	$472.0M
YoY Change	5.08%	7.03%
Depreciation, Depletion And Amortization	$126.0M	$112.0M
YoY Change	12.5%	9.8%
Cash From Operating Activities	$396.0M	$438.0M
YoY Change	-9.59%	-17.67%
INVESTING ACTIVITIES
Capital Expenditures	-$161.0M	-$150.0M
YoY Change	7.33%	-13.29%
Acquisitions
YoY Change
Other Investing Activities	-$14.00M	-$126.0M
YoY Change	-88.89%	32.63%
Cash From Investing Activities	-$175.0M	-$276.0M
YoY Change	-36.59%	2.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-533.0M	-154.0M
YoY Change	246.1%	-58.38%
NET CHANGE
Cash From Operating Activities	396.0M	438.0M
Cash From Investing Activities	-175.0M	-276.0M
Cash From Financing Activities	-533.0M	-154.0M
Net Change In Cash	-312.0M	8.000M
YoY Change	-4000.0%	-107.55%
FREE CASH FLOW
Cash From Operating Activities	$396.0M	$438.0M
Capital Expenditures	-$161.0M	-$150.0M
Free Cash Flow	$557.0M	$588.0M
YoY Change	-5.27%	-16.6%

Facts In Submission

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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-28
	dei	Document Type DocumentType	10-Q
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CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	704000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1252000000	USD
CY2014Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	96000000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	175000000	USD
CY2015Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	85000000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	143000000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	108000000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	68000000	USD
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	170000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	323000000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	208000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	352000000	USD
	us-gaap	Income Tax Reconciliation Deductions Dividends IncomeTaxReconciliationDeductionsDividends	6000000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	321000000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	426000000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	289000000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	97000000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	120000000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-21000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	223000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	127000000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-116000000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-133000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-4000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-18000000	USD
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	400000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	400000	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	400000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	400000	shares
CY2014Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	343000000	USD
CY2015Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	339000000	USD
CY2014Q2	us-gaap	Interest Expense InterestExpense	15000000	USD
	us-gaap	Interest Expense InterestExpense	32000000	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	17000000	USD
	us-gaap	Interest Expense InterestExpense	31000000	USD
CY2014Q4	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	65000000	USD
CY2015Q2	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	53000000	USD
CY2014Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1859000000	USD
CY2015Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1888000000	USD
CY2014Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	122000000	USD
CY2015Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	118000000	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	2866000000	USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	2986000000	USD
CY2014Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1129000000	USD
CY2015Q2	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1216000000	USD
CY2014Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	11000000	USD
CY2015Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	11000000	USD
CY2014Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	981000000	USD
CY2015Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	995000000	USD
CY2014Q4	us-gaap	Liabilities Liabilities	7683000000	USD
CY2015Q2	us-gaap	Liabilities Liabilities	7664000000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15776000000	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15878000000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4021000000	USD
CY2015Q2	us-gaap	Liabilities Current LiabilitiesCurrent	4053000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1589000000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1576000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	23000000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	31000000	USD
CY2014Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	1993000000	USD
CY2015Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	1884000000	USD
CY2015Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	39000000	USD
CY2015Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	11000000	USD
CY2015Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	16000000	USD
CY2015Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	15000000	USD
CY2015Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	16000000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	344000000	USD
CY2015Q2	us-gaap	Minority Interest MinorityInterest	360000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	32000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	25000000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-480000000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-541000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-756000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-829000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-463000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-300000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	701000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	569000000	USD
CY2014Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	26000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	46000000	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	612000000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1125000000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	723000000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1271000000	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	759000000	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	25000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	42000000	USD
CY2014Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	446000000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	784000000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	471000000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	858000000	USD
CY2015Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	739000000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	595000000	USD
CY2015Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	631000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-9000000	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-11000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	1000000	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	0	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	90000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	116000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	156000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-45000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	84000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	110000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	153000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-24000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	3000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	5000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	8000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	8000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	79000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	110000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	145000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-31000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	83000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	118000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	169000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	5000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-10000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-14000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-15000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-28000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	6000000	USD
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	6000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	3000000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	155000000	USD
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-21000000	USD
CY2014Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1415000000	USD
CY2015Q2	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1393000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	6000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	35000000	USD
CY2014Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	39000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	49000000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-8000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1000000	USD
CY2014Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-6000000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-7000000	USD
CY2015Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	0	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-3000000	USD
CY2014Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	369000000	USD
CY2015Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	351000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-4000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-5000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-8000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-14000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	430000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	514000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	229000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	280000000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	193000000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	15000000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	11000000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	17000000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	179000000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	173000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	245000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	247000000	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	26000000	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	22000000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	32000000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	14000000	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	849000000	USD
CY2015Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	746000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	17000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	12000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	5000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	8000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-48000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-10000000	USD
CY2014Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	71000000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	179000000	USD
CY2015Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	84000000	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	7854000000	USD
CY2013Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1129000000	USD
	us-gaap	Profit Loss ProfitLoss	900000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7123000000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7151000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3686000000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3653000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	39000000	USD
CY2014Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1185000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1283000000	USD
CY2015Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1384000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	363000000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	405000000	USD
	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	2000000	USD
	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-3000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	211000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	191000000	USD
CY2014Q2	us-gaap	Profit Loss ProfitLoss	472000000	USD
	us-gaap	Profit Loss ProfitLoss	830000000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	496000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	31000000	USD
CY2014Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	179000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	369000000	USD
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	166000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	361000000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9545000000	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10123000000	USD
CY2014Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	546000000	USD
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	1138000000	USD
CY2015Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	357000000	USD
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	682000000	USD
CY2014Q2	us-gaap	Sales Revenue Net SalesRevenueNet	4835000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	9241000000	USD
CY2015Q2	us-gaap	Sales Revenue Net SalesRevenueNet	5015000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	9724000000	USD
CY2014Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	513000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	998000000	USD
CY2015Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	537000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1054000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	21000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	17000000	USD
CY2014Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	86000000	USD
CY2015Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	70000000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	206000000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	233000000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	16000000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4000000	USD
	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	4000000	USD
	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	3000000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	7749000000	USD
CY2015Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	43700000	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	2844000000	USD
CY2015Q2	us-gaap	Treasury Stock Value TreasuryStockValue	3350000000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	430000000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	514000000	USD
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	183200000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	183900000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	179600000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	180300000	shares
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	182800000	shares
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7870000000	USD
CY2014Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8158000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8093000000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8214000000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	5000000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	-11000000	USD
CY2014Q2	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	2000000	USD
	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	12000000	USD
	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	18000000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	183500000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	179200000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	179900000	shares
	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
0000026172-15-000020-index-headers.html	Edgar Link	pending
0000026172-15-000020-index.html	Edgar Link	pending
0000026172-15-000020.txt	Edgar Link	pending
0000026172-15-000020-xbrl.zip	Edgar Link	pending
cmi-20150628.xml	Edgar Link	completed
cmi-20150628.xsd	Edgar Link	pending
cmi-20150628_cal.xml	Edgar Link	unprocessable
cmi-20150628_def.xml	Edgar Link	unprocessable
cmi-20150628_lab.xml	Edgar Link	unprocessable
cmi-20150628_pre.xml	Edgar Link	unprocessable
cmi2015currentq210-qdocume.htm	Edgar Link	pending
cmi2015currentq2exhibit12.htm	Edgar Link	pending
cmi2015currentq2exhibit31a.htm	Edgar Link	pending
cmi2015currentq2exhibit31b.htm	Edgar Link	pending
cmi2015currentq2exhibit32.htm	Edgar Link	pending
cumminsc.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
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$CMI
CUMMINS INC Stock $cmi

2015 Q2 Form 10-Q Financial Statement

#000002617215000020 Filed on July 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI CUMMINS INC Stock $cmi

2015 Q2 Form 10-Q Financial Statement

#000002617215000020 Filed on July 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI
CUMMINS INC Stock $cmi