$CMI
CUMMINS INC Stock $cmi

$cmi Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000002617217000019 Filed on August 01, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$5.078B	$4.528B
YoY Change	12.15%	-1.99%
Cost Of Revenue	$3.827B	$3.331B
YoY Change	14.89%	-2.37%
Gross Profit	$1.251B	$1.197B
YoY Change	4.51%	-0.91%
Gross Profit Margin	24.64%	26.44%
Selling, General & Admin	$606.0M	$524.0M
YoY Change	15.65%	-1.13%
% of Gross Profit	48.44%	43.78%
Research & Development	$175.0M	$155.0M
YoY Change	12.9%	-21.32%
% of Gross Profit	13.99%	12.95%
Depreciation & Amortization	$145.0M	$131.0M
YoY Change	10.69%	1.55%
% of Gross Profit	11.59%	10.94%
Operating Expenses	$781.0M	$679.0M
YoY Change	15.02%	-6.6%
Operating Profit	$586.0M	$567.0M
YoY Change	3.35%	1.8%
Interest Expense	$21.00M	$16.00M
YoY Change	31.25%	0.0%
% of Operating Profit	3.58%	2.82%
Other Income/Expense, Net	$29.00M	$18.00M
YoY Change	61.11%	63.64%
Pretax Income	$599.0M	$575.0M
YoY Change	4.17%	2.5%
Income Tax	$158.0M	$148.0M
% Of Pretax Income	26.38%	25.74%
Net Earnings	$441.0M	$427.0M
YoY Change	3.28%	8.93%
Net Earnings / Revenue	8.68%	9.43%
Basic Earnings Per Share	$2.53	$2.41
Diluted Earnings Per Share	$2.53	$2.40
COMMON SHARES
Basic Shares Outstanding	167.3M shares	168.8M shares
Diluted Shares Outstanding	167.8M shares	169.0M shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.467B	$1.280B
YoY Change	14.61%	-25.71%
Cash & Equivalents	$1.293B	$1.045B
Short-Term Investments	$174.0M	$235.0M
Other Short-Term Assets	$600.0M	$549.0M
YoY Change	9.29%	-40.39%
Inventory	$2.982B	$2.778B
Prepaid Expenses
Receivables	$3.553B	$3.023B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.602B	$7.630B
YoY Change	12.74%	-13.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.787B	$3.703B
YoY Change	2.27%	-0.38%
Goodwill	$488.0M	$481.0M
YoY Change	1.46%	0.0%
Intangibles	$339.0M	$328.0M
YoY Change	3.35%	-2.67%
Long-Term Investments	$1.162B	$1.073B
YoY Change	8.29%	11.89%
Other Assets	$1.030B	$1.041B
YoY Change	-1.06%	58.69%
Total Long-Term Assets	$7.658B	$7.390B
YoY Change	3.63%	6.56%
TOTAL ASSETS
Total Short-Term Assets	$8.602B	$7.630B
Total Long-Term Assets	$7.658B	$7.390B
Total Assets	$16.26B	$15.02B
YoY Change	8.26%	-4.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.300B	$1.825B
YoY Change	26.03%	0.05%
Accrued Expenses	$1.841B	$1.635B
YoY Change	12.6%	-2.21%
Deferred Revenue
YoY Change
Short-Term Debt	$188.0M	$219.0M
YoY Change	-14.16%	711.11%
Long-Term Debt Due	$45.00M	$38.00M
YoY Change	18.42%	22.58%
Total Short-Term Liabilities	$4.894B	$4.150B
YoY Change	17.93%	4.59%
LONG-TERM LIABILITIES
Long-Term Debt	$1.564B	$1.614B
YoY Change	-3.1%	1.19%
Other Long-Term Liabilities	$1.980B	$2.061B
YoY Change	-3.93%	-4.27%
Total Long-Term Liabilities	$3.544B	$3.675B
YoY Change	-3.56%	-1.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.894B	$4.150B
Total Long-Term Liabilities	$3.544B	$3.675B
Total Liabilities	$8.438B	$7.825B
YoY Change	7.83%	1.41%
SHAREHOLDERS EQUITY
Retained Earnings	$11.52B	$10.72B
YoY Change	7.47%	3.73%
Common Stock	$2.184B	$2.196B
YoY Change	-0.55%	1.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$4.586B	$4.422B
YoY Change	3.71%	26.85%
Treasury Stock Shares	54.70M shares	53.70M shares
Shareholders Equity	$7.493B	$6.861B
YoY Change
Total Liabilities & Shareholders Equity	$16.26B	$15.02B
YoY Change	8.26%	-4.92%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$441.0M	$427.0M
YoY Change	3.28%	8.93%
Depreciation, Depletion And Amortization	$145.0M	$131.0M
YoY Change	10.69%	1.55%
Cash From Operating Activities	$447.0M	$471.0M
YoY Change	-5.1%	-16.19%
INVESTING ACTIVITIES
Capital Expenditures	-$114.0M	-$132.0M
YoY Change	-13.64%	-18.52%
Acquisitions
YoY Change
Other Investing Activities	-$19.00M	$129.0M
YoY Change	-114.73%	-960.0%
Cash From Investing Activities	-$133.0M	-$3.000M
YoY Change	4333.33%	-98.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-380.0M	-260.0M
YoY Change	46.15%	-32.64%
NET CHANGE
Cash From Operating Activities	447.0M	471.0M
Cash From Investing Activities	-133.0M	-3.000M
Cash From Financing Activities	-380.0M	-260.0M
Net Change In Cash	-66.00M	208.0M
YoY Change	-131.73%	-20900.0%
FREE CASH FLOW
Cash From Operating Activities	$447.0M	$471.0M
Capital Expenditures	-$114.0M	-$132.0M
Free Cash Flow	$561.0M	$603.0M
YoY Change	-6.97%	-16.71%

Facts In Submission

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	cmi	Countries And Territories Number CountriesAndTerritoriesNumber	190	country
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	cmi	Depreciation And Amortization Excluding Amortization Of Debt Discount DepreciationAndAmortizationExcludingAmortizationOfDebtDiscount	283000000	USD
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	cmi	Unrealized Gain Loss On Translation And Hedging Activities UnrealizedGainLossOnTranslationAndHedgingActivities	45000000	USD
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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	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-07-02
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000026172
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	CUMMINS INC
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CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	158000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	301000000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	252000000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	488000000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	143000000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	403000000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-209000000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	132000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	101000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	264000000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-129000000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-103000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-189000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-21000000	USD
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	200000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	200000	shares
CY2017Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	500000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	500000	shares
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	332000000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	339000000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	16000000	USD
	us-gaap	Interest Expense InterestExpense	35000000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	21000000	USD
	us-gaap	Interest Expense InterestExpense	39000000	USD
CY2016Q4	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	47000000	USD
CY2017Q3	us-gaap	Interest Rate Fair Value Hedge Liability At Fair Value InterestRateFairValueHedgeLiabilityAtFairValue	45000000	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1779000000	USD
CY2017Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1905000000	USD
CY2016Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	109000000	USD
CY2017Q3	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	115000000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	2675000000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	2982000000	USD
CY2016Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1005000000	USD
CY2017Q3	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1192000000	USD
CY2016Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	12000000	USD
CY2017Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	7000000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	946000000	USD
CY2017Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	1162000000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	7837000000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	8438000000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15011000000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	16260000000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4325000000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	4894000000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1568000000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1564000000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	35000000	USD
CY2017Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	45000000	USD
CY2016Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2077000000	USD
CY2017Q3	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2036000000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	45000000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	4000000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	10000000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	36000000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	18000000	USD
CY2017Q3	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	159000000	USD
	us-gaap	Loss Contingency Accrual Carrying Value Period Increase Decrease LossContingencyAccrualCarryingValuePeriodIncreaseDecrease	39000000	USD
	us-gaap	Loss Contingency Accrual Carrying Value Period Increase Decrease LossContingencyAccrualCarryingValuePeriodIncreaseDecrease	0	USD
CY2015Q4	us-gaap	Loss Contingency Loss In Period LossContingencyLossInPeriod	60000000	USD
CY2016Q3	us-gaap	Loss Contingency Loss In Period LossContingencyLossInPeriod	39000000	USD
	us-gaap	Loss Contingency Loss In Period LossContingencyLossInPeriod	39000000	USD
CY2017Q3	us-gaap	Loss Contingency Loss In Period LossContingencyLossInPeriod	0	USD
	us-gaap	Loss Contingency Loss In Period LossContingencyLossInPeriod	0	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	299000000	USD
CY2017Q3	us-gaap	Minority Interest MinorityInterest	329000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	31000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-666000000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	173000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-896000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-544000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-391000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-160000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	738000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	826000000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	33000000	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	17000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	26000000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	406000000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	727000000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	424000000	USD
	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	4000000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	820000000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	567000000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1037000000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	595000000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1141000000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	970000000	USD
CY2017Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	974000000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1015000000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1030000000	USD
CY2016Q3	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	1000000	USD
CY2017Q3	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	1000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-222000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-306000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	105000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	196000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-220000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-299000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	101000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	183000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-6000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-27000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	0	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	1000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-213000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-270000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	102000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	182000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-209000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-278000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	118000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	220000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-9000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-18000000	USD
CY2017Q3	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	-36000000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-2000000	USD
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-7000000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	4000000	USD
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	13000000	USD
CY2016Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1289000000	USD
CY2017Q3	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	1335000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-32000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	81000000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	18000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	26000000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	20000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	38000000	USD
CY2016Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	0	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2000000	USD
CY2017Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	18000000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	23000000	USD
CY2016Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	329000000	USD
CY2017Q3	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	318000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	21000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-19000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-5000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-14000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	695000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	120000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	333000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	343000000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	17000000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	64000000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	379000000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	69000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	189000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	182000000	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	27000000	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	40000000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	24000000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	10000000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	627000000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	600000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	109000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2000000	USD
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	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	200000000	USD
	us-gaap	Proceeds From Repayments Of Commercial Paper ProceedsFromRepaymentsOfCommercialPaper	-78000000	USD
CY2016Q3	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	202000000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	237000000	USD
CY2017Q3	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	15000000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	162000000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1404000000	USD
CY2016Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1411000000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1414000000	USD
CY2017Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1521000000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	333000000	USD
CY2017Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	392000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	199000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	199000000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	427000000	USD
	us-gaap	Profit Loss ProfitLoss	760000000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	441000000	USD
	us-gaap	Profit Loss ProfitLoss	846000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7635000000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7804000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3800000000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3787000000	USD
	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	98000000	USD
	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	109000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	133000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	29000000	USD
CY2016Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	155000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	321000000	USD
CY2017Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	174000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	332000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11040000000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11517000000	USD
CY2016Q3	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	276000000	USD
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	518000000	USD
CY2017Q3	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	283000000	USD
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	550000000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	4528000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	8819000000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	5078000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	9667000000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	524000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1014000000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	596000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1133000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	20000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	23000000	USD
CY2016Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	41000000	USD
CY2017Q3	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	54000000	USD
	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	-5000000	USD
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	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	181000000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	239000000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2000000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	23000000	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
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	6875000000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	7493000000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7750000000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7195000000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7174000000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7822000000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	0	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	-16000000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	54200000	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	54700000	shares
CY2016Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	4100000	shares
CY2016Q3	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	600000	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	4700000	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	4489000000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	4586000000	USD
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	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	120000000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	169000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	170500000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	167800000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	167900000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	168800000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	170300000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	167300000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	167400000	shares
	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
0000026172-17-000019-index-headers.html	Edgar Link	pending
0000026172-17-000019-index.html	Edgar Link	pending
0000026172-17-000019.txt	Edgar Link	pending
0000026172-17-000019-xbrl.zip	Edgar Link	pending
cmi-20170702.xml	Edgar Link	completed
cmi-20170702.xsd	Edgar Link	pending
cmi-20170702_cal.xml	Edgar Link	unprocessable
cmi-20170702_def.xml	Edgar Link	unprocessable
cmi-20170702_lab.xml	Edgar Link	unprocessable
cmi-20170702_pre.xml	Edgar Link	unprocessable
cmi2017finalq210-qdocument.htm	Edgar Link	pending
cmi2017finalq210-qexhibit12.htm	Edgar Link	pending
cmi2017finalq210-qexhibit31a.htm	Edgar Link	pending
cmi2017finalq210-qexhibit31b.htm	Edgar Link	pending
cmi2017finalq210-qexhibit32.htm	Edgar Link	pending
cumminsca06.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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

2017 Q3 Form 10-Q Financial Statement

#000002617217000019 Filed on August 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

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$CMI CUMMINS INC Stock $cmi

2017 Q3 Form 10-Q Financial Statement

#000002617217000019 Filed on August 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CMI
CUMMINS INC Stock $cmi