$CMI
CUMMINS INC Stock $cmi

$cmi Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000002617216000039 Filed on May 03, 2016

Income Statement

Concept	2016 Q2	2015 Q1
Revenue	$4.291B	$4.709B
YoY Change	-14.44%	6.88%
Cost Of Revenue	$3.235B	$3.514B
YoY Change	-12.16%	6.26%
Gross Profit	$1.056B	$1.195B
YoY Change	-20.72%	8.74%
Gross Profit Margin	24.61%	25.38%
Selling, General & Admin	$490.0M	$517.0M
YoY Change	-8.75%	6.6%
% of Gross Profit	46.4%	43.26%
Research & Development	$166.0M	$195.0M
YoY Change	0.0%	2.63%
% of Gross Profit	15.72%	16.32%
Depreciation & Amortization	$128.0M	$128.0M
YoY Change	1.59%	21.9%
% of Gross Profit	12.12%	10.71%
Operating Expenses	$656.0M	$712.0M
YoY Change	-6.69%	5.48%
Operating Profit	$470.0M	$548.0M
YoY Change	-34.99%	6.82%
Interest Expense	$19.00M	$14.00M
YoY Change	11.76%	-17.65%
% of Operating Profit	4.04%	2.55%
Other Income/Expense, Net	$8.000M	$9.000M
YoY Change	-200.0%	-10.0%
Pretax Income	$465.0M	$548.0M
YoY Change	-33.95%	7.24%
Income Tax	$132.0M	$144.0M
% Of Pretax Income	28.39%	26.28%
Net Earnings	$333.0M	$404.0M
YoY Change	-32.86%	12.85%
Net Earnings / Revenue	7.76%	8.58%
Basic Earnings Per Share	$1.87	$2.14
Diluted Earnings Per Share	$1.87	$2.14
COMMON SHARES
Basic Shares Outstanding	171.8M shares	180.6M shares
Diluted Shares Outstanding	172.0M shares	181.0M shares

Balance Sheet

Concept	2016 Q2	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.274B	$2.112B
YoY Change	-31.1%	-8.45%
Cash & Equivalents	$915.0M	$1.997B
Short-Term Investments	$359.0M	$115.0M
Other Short-Term Assets	$514.0M	$712.0M
YoY Change	-31.1%	7.39%
Inventory	$2.759B	$2.936B
Prepaid Expenses
Receivables	$2.921B	$3.240B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$7.468B	$9.000B
YoY Change	-17.05%	5.89%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.712B	$3.637B
YoY Change	1.62%	12.53%
Goodwill	$485.0M	$470.0M
YoY Change	2.54%	1.29%
Intangibles	$344.0M	$340.0M
YoY Change	1.47%	-4.76%
Long-Term Investments	$1.053B	$968.0M
YoY Change	5.83%	0.21%
Other Assets	$1.002B	$607.0M
YoY Change	58.8%	-0.65%
Total Long-Term Assets	$7.359B	$6.736B
YoY Change	7.04%	7.74%
TOTAL ASSETS
Total Short-Term Assets	$7.468B	$9.000B
Total Long-Term Assets	$7.359B	$6.736B
Total Assets	$14.83B	$15.74B
YoY Change	-6.62%	6.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.809B	$2.013B
YoY Change	-8.36%	6.68%
Accrued Expenses	$1.467B	$1.547B
YoY Change	-6.92%	25.06%
Deferred Revenue
YoY Change
Short-Term Debt	$167.0M	$71.00M
YoY Change	138.57%	195.83%
Long-Term Debt Due	$49.00M	$33.00M
YoY Change	58.06%	-10.81%
Total Short-Term Liabilities	$3.917B	$4.057B
YoY Change	-3.36%	14.12%
LONG-TERM LIABILITIES
Long-Term Debt	$1.614B	$1.602B
YoY Change	2.41%	-1.84%
Other Long-Term Liabilities	$2.036B	$2.008B
YoY Change	0.05%	9.73%
Total Long-Term Liabilities	$3.650B	$3.610B
YoY Change	1.08%	4.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.917B	$4.057B
Total Long-Term Liabilities	$3.650B	$3.610B
Total Liabilities	$7.567B	$7.667B
YoY Change	-1.27%	9.26%
SHAREHOLDERS EQUITY
Retained Earnings	$10.47B	$9.792B
YoY Change	3.46%	13.48%
Common Stock	$2.076B	$2.146B
YoY Change	-4.07%	2.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$4.203B	$2.975B
YoY Change	25.46%	14.42%
Treasury Stock Shares	52.00M shares	41.00M shares
Shareholders Equity	$6.920B	$7.706B
YoY Change
Total Liabilities & Shareholders Equity	$14.83B	$15.74B
YoY Change	-6.62%	6.68%

Cashflow Statement

Concept	2016 Q2	2015 Q1
OPERATING ACTIVITIES
Net Income	$333.0M	$404.0M
YoY Change	-32.86%	12.85%
Depreciation, Depletion And Amortization	$128.0M	$128.0M
YoY Change	1.59%	21.9%
Cash From Operating Activities	$267.0M	$173.0M
YoY Change	-32.58%	-34.22%
INVESTING ACTIVITIES
Capital Expenditures	$71.00M	$100.0M
YoY Change	-144.1%	-6.54%
Acquisitions	$1.000M	$11.00M
YoY Change		-87.78%
Other Investing Activities	-$3.000M	-$4.000M
YoY Change	-78.57%	300.0%
Cash From Investing Activities	-$388.0M	-$125.0M
YoY Change	121.71%	-33.16%
FINANCING ACTIVITIES
Cash Dividend Paid	$170.0M	$140.0M
YoY Change		21.74%
Common Stock Issuance & Retirement, Net	$575.0M	$137.0M
YoY Change		-67.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-636.0M	-296.0M
YoY Change	19.32%	-50.83%
NET CHANGE
Cash From Operating Activities	267.0M	173.0M
Cash From Investing Activities	-388.0M	-125.0M
Cash From Financing Activities	-636.0M	-296.0M
Net Change In Cash	-757.0M	-248.0M
YoY Change	142.63%	-52.85%
FREE CASH FLOW
Cash From Operating Activities	$267.0M	$173.0M
Capital Expenditures	$71.00M	$100.0M
Free Cash Flow	$196.0M	$73.00M
YoY Change	-64.81%	-53.21%

Facts In Submission

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CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3917000000	USD
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CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1614000000	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	39000000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	49000000	USD
CY2015Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	1821000000	USD
CY2016Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2048000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	26000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	7000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	23000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	38000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	39000000	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	344000000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	340000000	USD
CY2015Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1000000	USD
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CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-632000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-125000000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-388000000	USD
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CY2015Q1	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-4000000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	17000000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	12000000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	387000000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	321000000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	548000000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	470000000	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	863000000	USD
CY2016Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	815000000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	922000000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1002000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-1000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-201000000	USD
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CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-177000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-79000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	0	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-21000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-176000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-57000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-164000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-69000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-13000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-9000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-24000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-5000000	USD
CY2015Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1358000000	USD
CY2016Q2	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1399000000	USD
CY2015Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	30000000	USD
CY2016Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-10000000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9000000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	8000000	USD
CY2015Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-3000000	USD
CY2016Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2000000	USD
CY2015Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	349000000	USD
CY2016Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	339000000	USD
CY2015Q4	us-gaap	Other Restructuring Costs OtherRestructuringCosts	4000000	USD
CY2016Q2	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	26000000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4000000	USD
CY2016Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4000000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	137000000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	575000000	USD
CY2016Q2	us-gaap	Payments For Restructuring PaymentsForRestructuring	27000000	USD
CY2015Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	140000000	USD
CY2016Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	170000000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	11000000	USD
CY2016Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1000000	USD
CY2015Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	-10000000	USD
CY2016Q2	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	25000000	USD
CY2015Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	95000000	USD
CY2016Q2	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	291000000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	100000000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	71000000	USD
CY2015Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	8000000	USD
CY2016Q2	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	13000000	USD
CY2015Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	1000000	USD
CY2016Q2	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	10000000	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	609000000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	514000000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2000000	USD
CY2016Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	105000000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2000000	USD
CY2016Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-17000000	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	0	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	50000000	USD
CY2015Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	71000000	USD
CY2016Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	35000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1283000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1320000000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1404000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1403000000	USD
CY2015Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	359000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	350000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	94000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	102000000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	404000000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	333000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7322000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7360000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3745000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3712000000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	18000000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	15000000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	195000000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	166000000	USD
CY2016Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	242000000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4709000000	USD
CY2015Q4	us-gaap	Restructuring And Related Cost Expected Number Of Positions Eliminated RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated	1900	employee
CY2015Q4	us-gaap	Restructuring Charges RestructuringCharges	90000000	USD
CY2015Q1	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	0	USD
CY2016Q2	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	-25000000	USD
CY2015Q4	us-gaap	Restructuring Reserve RestructuringReserve	60000000	USD
CY2016Q2	us-gaap	Restructuring Reserve RestructuringReserve	35000000	USD
CY2016Q2	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	2000000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10322000000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10473000000	USD
CY2015Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	325000000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	4291000000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	517000000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	490000000	USD
CY2015Q4	us-gaap	Severance Costs1 SeveranceCosts1	86000000	USD
CY2016Q2	us-gaap	Severance Costs1 SeveranceCosts1	88000000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5000000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	5000000	USD
CY2015Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	24000000	USD
CY2016Q2	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	117000000	USD
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	24000000	USD
CY2016Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	167000000	USD
CY2015Q1	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	-6000000	USD
CY2016Q2	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	0	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	109000000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	93000000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1000000	USD
CY2016Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1000000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	1000000	USD
CY2016Q2	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	2000000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	7406000000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	6920000000	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
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7750000000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7260000000	USD
CY2016Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	13000000	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	47200000	shares
CY2016Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	52000000	shares
CY2016Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	4100000	shares
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	3735000000	USD
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	4203000000	USD
CY2015Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	137000000	USD
CY2016Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	575000000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	181000000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	172000000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	180600000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	171800000	shares
CY2016Q2	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1. NATURE OF OPERATIONS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;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, as one of the first diesel engine manufacturers. </font><font style="font-family:inherit;font-size:10pt;">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 over</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>

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CUMMINS INC Stock $cmi

2016 Q2 Form 10-Q Financial Statement

#000002617216000039 Filed on May 03, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI CUMMINS INC Stock $cmi

2016 Q2 Form 10-Q Financial Statement

#000002617216000039 Filed on May 03, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI
CUMMINS INC Stock $cmi