$CMI
CUMMINS INC Stock $cmi

$cmi Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000002617217000012 Filed on May 02, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$4.589B	$4.291B
YoY Change	6.94%	-14.44%
Cost Of Revenue	$3.457B	$3.235B
YoY Change	6.86%	-12.16%
Gross Profit	$1.132B	$1.056B
YoY Change	7.2%	-20.72%
Gross Profit Margin	24.67%	24.61%
Selling, General & Admin	$547.0M	$490.0M
YoY Change	11.63%	-8.75%
% of Gross Profit	48.32%	46.4%
Research & Development	$158.0M	$166.0M
YoY Change	-4.82%	0.0%
% of Gross Profit	13.96%	15.72%
Depreciation & Amortization	$139.0M	$128.0M
YoY Change	8.59%	1.59%
% of Gross Profit	12.28%	12.12%
Operating Expenses	$705.0M	$656.0M
YoY Change	7.47%	-6.69%
Operating Profit	$540.0M	$470.0M
YoY Change	14.89%	-34.99%
Interest Expense	$18.00M	$19.00M
YoY Change	-5.26%	11.76%
% of Operating Profit	3.33%	4.04%
Other Income/Expense, Net	$24.00M	$8.000M
YoY Change	200.0%	-200.0%
Pretax Income	$548.0M	$465.0M
YoY Change	17.85%	-33.95%
Income Tax	$143.0M	$132.0M
% Of Pretax Income	26.09%	28.39%
Net Earnings	$405.0M	$333.0M
YoY Change	21.62%	-32.86%
Net Earnings / Revenue	8.83%	7.76%
Basic Earnings Per Share	$2.36	$1.87
Diluted Earnings Per Share	$2.36	$1.87
COMMON SHARES
Basic Shares Outstanding	167.5M shares	171.8M shares
Diluted Shares Outstanding	168.0M shares	172.0M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.467B	$1.274B
YoY Change	15.15%	-31.1%
Cash & Equivalents	$1.322B	$915.0M
Short-Term Investments	$145.0M	$359.0M
Other Short-Term Assets	$551.0M	$514.0M
YoY Change	7.2%	-31.1%
Inventory	$2.894B	$2.759B
Prepaid Expenses
Receivables	$3.247B	$2.921B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.159B	$7.468B
YoY Change	9.25%	-17.05%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.802B	$3.712B
YoY Change	2.42%	1.62%
Goodwill	$482.0M	$485.0M
YoY Change	-0.62%	2.54%
Intangibles	$345.0M	$344.0M
YoY Change	0.29%	1.47%
Long-Term Investments	$1.059B	$1.053B
YoY Change	0.57%	5.83%
Other Assets	$1.002B	$1.002B
YoY Change	0.0%	58.8%
Total Long-Term Assets	$7.475B	$7.359B
YoY Change	1.58%	7.04%
TOTAL ASSETS
Total Short-Term Assets	$8.159B	$7.468B
Total Long-Term Assets	$7.475B	$7.359B
Total Assets	$15.63B	$14.83B
YoY Change	5.44%	-6.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.168B	$1.809B
YoY Change	19.85%	-8.36%
Accrued Expenses	$1.627B	$1.467B
YoY Change	10.91%	-6.92%
Deferred Revenue
YoY Change
Short-Term Debt	$322.0M	$167.0M
YoY Change	92.81%	138.57%
Long-Term Debt Due	$47.00M	$49.00M
YoY Change	-4.08%	58.06%
Total Short-Term Liabilities	$4.662B	$3.917B
YoY Change	19.02%	-3.36%
LONG-TERM LIABILITIES
Long-Term Debt	$1.576B	$1.614B
YoY Change	-2.35%	2.41%
Other Long-Term Liabilities	$1.920B	$2.036B
YoY Change	-5.7%	0.05%
Total Long-Term Liabilities	$3.496B	$3.650B
YoY Change	-4.22%	1.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.662B	$3.917B
Total Long-Term Liabilities	$3.496B	$3.650B
Total Liabilities	$8.158B	$7.567B
YoY Change	7.81%	-1.27%
SHAREHOLDERS EQUITY
Retained Earnings	$11.27B	$10.47B
YoY Change	7.56%	3.46%
Common Stock	$2.163B	$2.076B
YoY Change	4.19%	-4.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$4.524B	$4.203B
YoY Change	7.64%	25.46%
Treasury Stock Shares	54.40M shares	52.00M shares
Shareholders Equity	$7.165B	$6.920B
YoY Change
Total Liabilities & Shareholders Equity	$15.63B	$14.83B
YoY Change	5.44%	-6.62%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$405.0M	$333.0M
YoY Change	21.62%	-32.86%
Depreciation, Depletion And Amortization	$139.0M	$128.0M
YoY Change	8.59%	1.59%
Cash From Operating Activities	$379.0M	$267.0M
YoY Change	41.95%	-32.58%
INVESTING ACTIVITIES
Capital Expenditures	$81.00M	$71.00M
YoY Change	14.08%	-144.1%
Acquisitions		$1.000M
YoY Change
Other Investing Activities	-$4.000M	-$3.000M
YoY Change	33.33%	-78.57%
Cash From Investing Activities	-$27.00M	-$388.0M
YoY Change	-93.04%	121.71%
FINANCING ACTIVITIES
Cash Dividend Paid	$171.0M	$170.0M
YoY Change	0.59%
Common Stock Issuance & Retirement, Net	$51.00M	$575.0M
YoY Change	-91.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-164.0M	-636.0M
YoY Change	-74.21%	19.32%
NET CHANGE
Cash From Operating Activities	379.0M	267.0M
Cash From Investing Activities	-27.00M	-388.0M
Cash From Financing Activities	-164.0M	-636.0M
Net Change In Cash	188.0M	-757.0M
YoY Change	-124.83%	142.63%
FREE CASH FLOW
Cash From Operating Activities	$379.0M	$267.0M
Capital Expenditures	$81.00M	$71.00M
Free Cash Flow	$298.0M	$196.0M
YoY Change	52.04%	-64.81%

Facts In Submission

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CY2017Q2	dei	Document Period End Date DocumentPeriodEndDate	2017-04-02
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CY2017Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	345000000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	19000000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	18000000	USD
CY2016Q4	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	47000000	USD
CY2017Q2	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	43000000	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1779000000	USD
CY2017Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1867000000	USD
CY2016Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	109000000	USD
CY2017Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	118000000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	2675000000	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	2894000000	USD
CY2016Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1005000000	USD
CY2017Q2	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1145000000	USD
CY2016Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000	USD
CY2017Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	2000000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	946000000	USD
CY2017Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	1059000000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	7837000000	USD
CY2017Q2	us-gaap	Liabilities Liabilities	8158000000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15011000000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15634000000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4325000000	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	4662000000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1568000000	USD
CY2017Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1576000000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	35000000	USD
CY2017Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	47000000	USD
CY2016Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2077000000	USD
CY2017Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2150000000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	45000000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	4000000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	10000000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	35000000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	34000000	USD
CY2017Q2	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	181000000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	299000000	USD
CY2017Q2	us-gaap	Minority Interest MinorityInterest	311000000	USD
CY2016Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	USD
CY2017Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	USD
CY2016Q2	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	13000000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-796000000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	202000000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-636000000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-164000000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-388000000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-27000000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	267000000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	379000000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	12000000	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	9000000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	321000000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	396000000	USD
CY2016Q2	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	4000000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	470000000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	546000000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	970000000	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	941000000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1015000000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1002000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-84000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	91000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-79000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	82000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-21000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	1000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-57000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	80000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-69000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	102000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-9000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-21000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-5000000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	9000000	USD
CY2016Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1289000000	USD
CY2017Q2	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1278000000	USD
CY2017Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	317000000	USD
CY2016Q2	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	26000000	USD
CY2017Q2	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	24000000	USD
CY2016Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-3000000	USD
CY2017Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	5000000	USD
CY2016Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	329000000	USD
CY2016Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-10000000	USD
CY2017Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3000000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	8000000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	18000000	USD
CY2016Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2000000	USD
CY2017Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4000000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	575000000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	51000000	USD
CY2016Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	170000000	USD
CY2017Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	171000000	USD
CY2016Q2	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	25000000	USD
CY2017Q2	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	20000000	USD
CY2016Q2	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	291000000	USD
CY2017Q2	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	26000000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	71000000	USD
CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	81000000	USD
CY2016Q2	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	13000000	USD
CY2017Q2	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	27000000	USD
CY2016Q2	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	10000000	USD
CY2017Q2	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	10000000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	627000000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	551000000	USD
CY2016Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	105000000	USD
CY2016Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-21000000	USD
CY2017Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	17000000	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	50000000	USD
CY2017Q2	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	62000000	USD
CY2016Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	35000000	USD
CY2017Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	147000000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1404000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1403000000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1414000000	USD
CY2017Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1437000000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	333000000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	352000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	102000000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	95000000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	333000000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	166000000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	405000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7635000000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7746000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3800000000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3802000000	USD
CY2016Q2	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	47000000	USD
CY2017Q2	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	54000000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	15000000	USD
CY2017Q2	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	11000000	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	158000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11040000000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11265000000	USD
CY2016Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	242000000	USD
CY2017Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	267000000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	4291000000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	4589000000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	490000000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	537000000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	5000000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	7000000	USD
CY2016Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	41000000	USD
CY2017Q2	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	48000000	USD
CY2016Q2	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	0	USD
CY2017Q2	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	-2000000	USD
CY2016Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	93000000	USD
CY2017Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	92000000	USD
CY2016Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1000000	USD
CY2017Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	15000000	USD
CY2016Q2	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	2000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	6875000000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	7165000000	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
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7174000000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7476000000	USD
CY2017Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	-2000000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	54200000	shares
CY2017Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	54400000	shares
CY2016Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	4100000	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	4489000000	USD
CY2017Q2	us-gaap	Treasury Stock Value TreasuryStockValue	4524000000	USD
CY2016Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	575000000	USD
CY2017Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	51000000	USD
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	172000000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	168000000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	171800000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	167500000	shares
CY2017Q2	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></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 Cummins Engine Company, a corporation in Columbus, Indiana, as one of the first diesel engine manufacturers. We changed our name to Cummins Inc. in 2001. </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;"> wholly-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;">7,400</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
0000026172-17-000012-index-headers.html	Edgar Link	pending
0000026172-17-000012-index.html	Edgar Link	pending
0000026172-17-000012.txt	Edgar Link	pending
0000026172-17-000012-xbrl.zip	Edgar Link	pending
cmi-20170402.xml	Edgar Link	completed
cmi-20170402.xsd	Edgar Link	pending
cmi-20170402_cal.xml	Edgar Link	unprocessable
cmi-20170402_def.xml	Edgar Link	unprocessable
cmi-20170402_lab.xml	Edgar Link	unprocessable
cmi-20170402_pre.xml	Edgar Link	unprocessable
cmi2017finalq110-qdocument.htm	Edgar Link	pending
cmi2017finalq110-qexhibit12.htm	Edgar Link	pending
cmi2017finalq110-qexhibit31a.htm	Edgar Link	pending
cmi2017finalq110-qexhibit31b.htm	Edgar Link	pending
cmi2017finalq110-qexhibit32.htm	Edgar Link	pending
cumminsca06.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	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

2017 Q2 Form 10-Q Financial Statement

#000002617217000012 Filed on May 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI CUMMINS INC Stock $cmi

2017 Q2 Form 10-Q Financial Statement

#000002617217000012 Filed on May 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI
CUMMINS INC Stock $cmi