2018 Q2 Form 10-Q Financial Statement
#000002617218000019 Filed on May 01, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
Revenue | $5.570B | $4.589B |
YoY Change | 21.38% | 6.94% |
Cost Of Revenue | $4.370B | $3.457B |
YoY Change | 26.41% | 6.86% |
Gross Profit | $1.200B | $1.132B |
YoY Change | 6.01% | 7.2% |
Gross Profit Margin | 21.54% | 24.67% |
Selling, General & Admin | $577.0M | $547.0M |
YoY Change | 5.48% | 11.63% |
% of Gross Profit | 48.08% | 48.32% |
Research & Development | $210.0M | $158.0M |
YoY Change | 32.91% | -4.82% |
% of Gross Profit | 17.5% | 13.96% |
Depreciation & Amortization | $154.0M | $139.0M |
YoY Change | 10.79% | 8.59% |
% of Gross Profit | 12.83% | 12.28% |
Operating Expenses | $787.0M | $705.0M |
YoY Change | 11.63% | 7.47% |
Operating Profit | $530.0M | $540.0M |
YoY Change | -1.85% | 14.89% |
Interest Expense | $24.00M | $18.00M |
YoY Change | 33.33% | -5.26% |
% of Operating Profit | 4.53% | 3.33% |
Other Income/Expense, Net | $10.00M | $24.00M |
YoY Change | -58.33% | 200.0% |
Pretax Income | $523.0M | $548.0M |
YoY Change | -4.56% | 17.85% |
Income Tax | $198.0M | $143.0M |
% Of Pretax Income | 37.86% | 26.09% |
Net Earnings | $325.0M | $405.0M |
YoY Change | -19.75% | 21.62% |
Net Earnings / Revenue | 5.83% | 8.83% |
Basic Earnings Per Share | $1.97 | $2.36 |
Diluted Earnings Per Share | $1.96 | $2.36 |
COMMON SHARES | ||
Basic Shares Outstanding | 164.9M shares | 167.5M shares |
Diluted Shares Outstanding | 165.7M shares | 168.0M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.387B | $1.467B |
YoY Change | -5.45% | 15.15% |
Cash & Equivalents | $1.207B | $1.322B |
Short-Term Investments | $180.0M | $145.0M |
Other Short-Term Assets | $558.0M | $551.0M |
YoY Change | 1.27% | 7.2% |
Inventory | $3.411B | $2.894B |
Prepaid Expenses | ||
Receivables | $3.845B | $3.247B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $9.201B | $8.159B |
YoY Change | 12.77% | 9.25% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.892B | $3.802B |
YoY Change | 2.37% | 2.42% |
Goodwill | $1.085B | $482.0M |
YoY Change | 125.1% | -0.62% |
Intangibles | $960.0M | $345.0M |
YoY Change | 178.26% | 0.29% |
Long-Term Investments | $1.288B | $1.059B |
YoY Change | 21.62% | 0.57% |
Other Assets | $908.0M | $1.002B |
YoY Change | -9.38% | 0.0% |
Total Long-Term Assets | $9.191B | $7.475B |
YoY Change | 22.96% | 1.58% |
TOTAL ASSETS | ||
Total Short-Term Assets | $9.201B | $8.159B |
Total Long-Term Assets | $9.191B | $7.475B |
Total Assets | $18.39B | $15.63B |
YoY Change | 17.64% | 5.44% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.854B | $2.168B |
YoY Change | 31.64% | 19.85% |
Accrued Expenses | $1.783B | $1.627B |
YoY Change | 9.59% | 10.91% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $649.0M | $322.0M |
YoY Change | 101.55% | 92.81% |
Long-Term Debt Due | $57.00M | $47.00M |
YoY Change | 21.28% | -4.08% |
Total Short-Term Liabilities | $5.832B | $4.662B |
YoY Change | 25.1% | 19.02% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.571B | $1.576B |
YoY Change | -0.32% | -2.35% |
Other Long-Term Liabilities | $2.693B | $1.920B |
YoY Change | 40.26% | -5.7% |
Total Long-Term Liabilities | $4.264B | $3.496B |
YoY Change | 21.97% | -4.22% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.832B | $4.662B |
Total Long-Term Liabilities | $4.264B | $3.496B |
Total Liabilities | $10.10B | $8.158B |
YoY Change | 23.76% | 7.81% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $11.64B | $11.27B |
YoY Change | 3.34% | 7.56% |
Common Stock | $2.163B | |
YoY Change | 4.19% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $5.061B | $4.524B |
YoY Change | 11.87% | 7.64% |
Treasury Stock Shares | 57.60M shares | 54.40M shares |
Shareholders Equity | $7.394B | $7.165B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $18.39B | $15.63B |
YoY Change | 17.64% | 5.44% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $325.0M | $405.0M |
YoY Change | -19.75% | 21.62% |
Depreciation, Depletion And Amortization | $154.0M | $139.0M |
YoY Change | 10.79% | 8.59% |
Cash From Operating Activities | -$117.0M | $379.0M |
YoY Change | -130.87% | 41.95% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $72.00M | $81.00M |
YoY Change | -11.11% | 14.08% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$25.00M | -$4.000M |
YoY Change | 525.0% | 33.33% |
Cash From Investing Activities | -$36.00M | -$27.00M |
YoY Change | 33.33% | -93.04% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $178.0M | $171.0M |
YoY Change | 4.09% | 0.59% |
Common Stock Issuance & Retirement, Net | $163.0M | $51.00M |
YoY Change | 219.61% | -91.13% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -52.00M | -164.0M |
YoY Change | -68.29% | -74.21% |
NET CHANGE | ||
Cash From Operating Activities | -$117.0M | 379.0M |
Cash From Investing Activities | -36.00M | -27.00M |
Cash From Financing Activities | -52.00M | -164.0M |
Net Change In Cash | -$117.0M | 188.0M |
YoY Change | -162.23% | -124.83% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$117.0M | $379.0M |
Capital Expenditures | $72.00M | $81.00M |
Free Cash Flow | -$189.0M | $298.0M |
YoY Change | -163.42% | 52.04% |
Facts In Submission
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LiabilitiesCurrent
|
5677000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1571000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1588000000 | USD |
CY2018Q2 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
284000000 | USD |
CY2017Q4 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
289000000 | USD |
CY2018Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
331000000 | USD |
CY2017Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
330000000 | USD |
CY2018Q2 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
2078000000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
2027000000 | USD |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
10096000000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
9911000000 | USD |
CY2018Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q2 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
2217000000 | USD |
CY2017Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
2210000000 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11641000000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11464000000 | USD |
CY2018Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
5061000000 | USD |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
4905000000 | USD |
CY2018Q2 | us-gaap |
Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
|
6000000 | USD |
CY2017Q4 | us-gaap |
Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
|
7000000 | USD |
CY2018Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1397000000 | USD |
CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1503000000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7394000000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7259000000 | USD |
CY2018Q2 | us-gaap |
Minority Interest
MinorityInterest
|
902000000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
905000000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8296000000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8164000000 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
18392000000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
18075000000 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
325000000 | USD |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
405000000 | USD |
CY2018Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
154000000 | USD |
CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
139000000 | USD |
CY2018Q2 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-27000000 | USD |
CY2017Q2 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
10000000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
95000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
83000000 | USD |
CY2018Q2 | cmi |
Pension Contributions Expense Net
PensionContributionsExpenseNet
|
13000000 | USD |
CY2017Q2 | cmi |
Pension Contributions Expense Net
PensionContributionsExpenseNet
|
-23000000 | USD |
CY2018Q2 | us-gaap |
Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
|
5000000 | USD |
CY2017Q2 | us-gaap |
Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
|
10000000 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9000000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7000000 | USD |
CY2018Q2 | us-gaap |
Loss Contingency Accrual Payments
LossContingencyAccrualPayments
|
65000000 | USD |
CY2017Q2 | us-gaap |
Loss Contingency Accrual Payments
LossContingencyAccrualPayments
|
0 | USD |
CY2018Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-38000000 | USD |
CY2017Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-11000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
217000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
205000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
259000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
202000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-56000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-73000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
246000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
296000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-272000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-90000000 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-27000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-48000000 | USD |
CY2018Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
45000000 | USD |
CY2017Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3000000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-117000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
379000000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
72000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
81000000 | USD |
CY2018Q2 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
15000000 | USD |
CY2017Q2 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
27000000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
16000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
20000000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
67000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
26000000 | USD |
CY2018Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
82000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
147000000 | USD |
CY2018Q2 | us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
-27000000 | USD |
CY2017Q2 | us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
24000000 | USD |
CY2018Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-25000000 | USD |
CY2017Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-4000000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-36000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-27000000 | USD |
CY2018Q2 | us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
295000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
62000000 | USD |
CY2018Q2 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
16000000 | USD |
CY2017Q2 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
11000000 | USD |
CY2018Q2 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
11000000 | USD |
CY2018Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
178000000 | USD |
CY2017Q2 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
10000000 | USD |
CY2017Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
171000000 | USD |
CY2018Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
163000000 | USD |
CY2017Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
51000000 | USD |
CY2018Q2 | 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 |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-52000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-164000000 | USD |
CY2018Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
43000000 | USD |
CY2017Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
14000000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-162000000 | USD |
CY2017Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
202000000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1369000000 | USD |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1120000000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1207000000 | USD |
CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1322000000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7174000000 | USD |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
405000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
102000000 | USD |
CY2017Q2 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
10000000 | USD |
CY2017Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
51000000 | USD |
CY2017Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
171000000 | USD |
CY2017Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
10000000 | USD |
CY2017Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
15000000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-2000000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7476000000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8164000000 | USD |
CY2018Q2 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
30000000 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
325000000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
99000000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3000000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
7000000 | USD |
CY2018Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
163000000 | USD |
CY2018Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
178000000 | USD |
CY2018Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
11000000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3000000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-17000000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8296000000 | USD |
CY2018Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1. NATURE OF OPERATIONS</span><span 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, and one of the first diesel engine manufacturers. In 2001, we changed our name to Cummins Inc. </span><span 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, transmissions, electric power generation systems, batteries and electrified power systems. We sell our products to original equipment manufacturers (OEMs), distributors and other customers worldwide.</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">We serve our customers through a network of approximately</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;"><span>500</span></span><span style="font-family:inherit;font-size:10pt;"> wholly-owned and independent distributor locations and over</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;"><span>7,500</span></span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">dealer locations in more than </span><span style="font-family:inherit;font-size:10pt;"><span>190</span></span><span style="font-family:inherit;font-size:10pt;"> countries and territories.</span> | |
CY2018Q2 | cmi |
Company Owned And Independent Distributor Locations Number
CompanyOwnedAndIndependentDistributorLocationsNumber
|
500 | location |
CY2018Q2 | cmi |
Dealer Locations Number
DealerLocationsNumber
|
7500 | location |
CY2018Q2 | cmi |
Countries And Territories Number
CountriesAndTerritoriesNumber
|
190 | country |
CY2018Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6867 | shares |
CY2017Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
116535 | shares |
CY2018Q2 | us-gaap |
Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
|
<span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition Sales of Products</span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </span><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We sell to customers either through long-term arrangements or standalone purchase orders. Our long-term arrangements generally do not include committed volumes until underlying purchase orders are issued. Our performance obligations vary by contract, but may include diesel and natural gas engines and engine-related component products, including filtration, aftertreatment, turbochargers, fuel systems, transmissions, controls systems, air handling systems, and electric power generation systems, batteries, parts, maintenance services, and extended coverage.</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Typically, we recognize revenue on the products we sell at a point in time, generally in accordance with shipping terms, which reflects the transfer of control to the customer. Since control of construction projects transfer to the customer as the work is performed, revenue on these projects is recognized based on the percentage of inputs incurred to date compared to the total expected cost of inputs, which is reflective of the value transferred to the customer. Revenue is recognized under long-term </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">maintenance and other service agreements over the term of the agreement as underlying services are performed based on the percentage of the cost of services provided to date compared to the total expected cost of services to be provided under the contract. Sales of extended coverage are recognized based on the pattern of expected costs over the extended coverage period or, if such a pattern is unknown, on a straight-line basis over the coverage period as the customer is considered to benefit from our stand ready obligation over the coverage period. In all cases, we believe cost incurred is the most representative depiction of the extent of service performed to date on a particular contract.</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our arrangements may include the act of shipping products to our customers after the performance obligation related to that product has been satisfied. We have elected to account for shipping and handling as activities to fulfill the promise to transfer goods and have not allocated revenue to the shipping activity. All related shipping and handling costs are accrued at the time of shipment.</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our sales arrangements may include the collection of sales and other similar taxes that are then remitted to the related taxing authority. We have elected to present the amounts collected for these taxes net of the related tax expense rather than presenting them as additional revenue.</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We grant credit limits and terms to customers based upon traditional practices and competitive conditions. Typical terms vary by market, but payments are generally due in 90 days or less from invoicing for most of our product and service sales, while payments on construction and other similar arrangements may be due on an installment basis.</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">For contracts where the time between cash collection and performance is less than one year, we have elected to use the practical expedient that allows us to ignore the possible existence of a significant financing component within the contract. For contracts where this time period exceeds one year, generally the timing difference is the result of business concerns other than financing. We do have a limited amount of customer financing for which we charge or impute interest, but such amounts are immaterial to our </span>Condensed Consolidated Statements of Income. | |
CY2018Q2 | us-gaap |
Revenue Recognition Incentives
RevenueRecognitionIncentives
|
<span style="font-style:italic;font-weight:bold;">Sales Incentives</span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We provide various sales incentives to both our distribution network and OEM customers. These programs are designed to promote the sale of our products in the channel or encourage the usage of our products by OEM customers. When there is uncertainty surrounding these sales incentives, we may limit the amount of revenue we recognize under a contract until the uncertainty has been resolved. Sales incentives primarily fall into three categories:</span><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Volume rebates;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Market share rebates; and</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Aftermarket rebates.</span></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">For volume rebates, we provide certain customers with rebate opportunities for attaining specified volumes during a particular quarter or year. We consider the expected amount of these rebates at the time of the original sale as we determine the overall transaction price. We update our assessment of the amount of rebates that will be earned quarterly based on our best estimate of the volume levels the customer will reach during the measurement period. For market share rebates, we provide certain customers with rebate opportunities based on the percentage of their production that utilizes our product. These rebates are typically measured either quarterly or annually and we assess them at least quarterly to determine our current estimates of amounts expected to be earned. These estimates are considered in the determination of transaction price at the time of the original sale based on the current market shares, with adjustments made as the level changes. For aftermarket rebates, we provide incentives to promote sales to certain dealers and end-markets. These rebates are typically paid on a quarterly, or more frequent, basis and estimates are made at the end of each quarter as to the amount yet to be paid. These estimates are based on historical experience with the particular program. </span> | |
CY2018Q2 | us-gaap |
Revenue Recognition Sales Returns
RevenueRecognitionSalesReturns
|
<span style="font-style:italic;font-weight:bold;">Sales Returns</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">The initial determination of the transaction price may also be impacted by expected product returns. Rights of return do not exist for the majority of our sales, other than for quality issues. We do offer certain return rights in our aftermarket business, where some aftermarket customers are permitted to return small amounts of parts and filters each year, and in our power generation business, which sells portable generators to retail customers. An estimate of future returns is accounted for at the time of sale as a reduction in the overall contract transaction price based on historical return rates.</span> | |
CY2018Q2 | us-gaap |
Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
|
<span style="font-style:italic;font-weight:bold;">Multiple Performance Obligations</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Our sales arrangements may include multiple performance obligations. We identify each of the material performance obligations in these arrangements and allocate the total transaction price to each performance obligation based on its relative selling price. In most cases, the individual performance obligations are also sold separately and we use that price as the basis for allocating revenue to the included performance obligations. When an arrangement includes multiple performance obligations and invoicing to the customer does not match the allocated portion of the transaction price, unbilled revenue or deferred revenue is recorded reflecting that difference. Unbilled and deferred revenue are discussed in more detail below.</span> | |
CY2018Q2 | us-gaap |
Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
|
<span style="font-style:italic;font-weight:bold;">Long-term Contracts</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our long-term maintenance agreements often include a variable amount of transaction price. We are generally compensated under such arrangements on a cost per hour of usage basis. We typically can estimate the expected usage over the life of the contract, but reassess the transaction price each quarter and adjust our recognized revenue accordingly. Certain maintenance agreements apply to generators used to provide standby power, which have limited expectations of usage. These agreements may include monthly minimum payments, providing some certainty to the total transaction price. For these particular contracts that relate to standby power, we limit revenue recognized to date to an amount representing the total minimums earned to date under the contract plus any cumulative billings earned in excess of the minimums. We reassess the estimates of progress and transaction price on a quarterly basis. For prime power arrangements, revenue is not subject to such a constraint and is generally equal to the current estimate on a percentage of completion basis times the total expected revenue under the contract.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Most of our contracts are for a period of less than one year. We have certain long-term maintenance agreements, construction contracts and extended warranty coverage arrangements that span a period in excess of one year. The aggregate amount of the transaction price for long-term maintenance agreements and construction contracts allocated to performance obligations that have not been satisfied as of</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">April 1, 2018,</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>$643 million</span></span><span style="font-family:inherit;font-size:10pt;">. We expect to recognize the related revenue of </span><span style="font-family:inherit;font-size:10pt;"><span>$239 million</span></span><span style="font-family:inherit;font-size:10pt;"> over the next </span><span style="font-family:inherit;font-size:10pt;"><span>12 months</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$404 million</span></span><span style="font-family:inherit;font-size:10pt;"> over periods up to </span><span style="font-family:inherit;font-size:10pt;"><span>10 years</span></span><span style="font-family:inherit;font-size:10pt;">. See </span><span style="font-family:inherit;font-size:10pt;">NOTE 10</span><span style="font-family:inherit;font-size:10pt;"> ,"</span><span style="font-family:inherit;font-size:10pt;">PRODUCT WARRANTY LIABILITY</span><span style="font-family:inherit;font-size:10pt;">," for additional disclosures on extended warranty coverage arrangements. Our other contracts generally are for a duration of less than one year or include payment terms that correspond to the value we are providing our customers.</span> | |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
643000000 | USD |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
239000000 | USD |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P12M | |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
404000000 | USD |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P10Y | |
CY2018Q2 | us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<span style="font-family:inherit;font-size:10pt;">The timing of our billing does not always match the timing of our revenue recognition. When we are entitled to bill a customer in advance of when we are permitted to recognize revenue, we record deferred revenue. Deferred revenue may arise in construction contracts, where billings may occur in advance of performance or in accordance with specific milestones. Deferred revenue may also occur in long-term maintenance contracts, where billings are often based on usage of the underlying equipment, which generally follows a predictable pattern that often will result in the accumulation of collections in advance of our performance of the related maintenance services. Finally, deferred revenue exists in our extended coverage contracts, where the cash is collected prior to the commencement of the coverage period. Deferred revenue is included in our </span><span style="font-style:italic;">Condensed Consolidated Balance Sheets</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">as a component of current liabilities for those expected to be recognized in revenue in a period of less than one year and long-term liabilities for those expected to be recognized as revenue in a period beyond one year. Deferred revenue is recognized as revenue as (or when) control of the underlying product, project or service passes to the customer under the related contract.</span> | |
CY2018Q2 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
49000000 | USD |
CY2018Q1 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
6000000 | USD |
CY2018Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1085000000 | USD |
CY2018Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1052000000 | USD |
CY2018Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
-128000000 | USD |
CY2018Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
0 | USD |
CY2018Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
17000000 | USD |
CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
16000000 | USD |
CY2018Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
5570000000 | USD |
CY2018Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
98000000 | USD |
CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
95000000 | USD |
CY2018Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
17000000 | USD |
CY2017Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
13000000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
115000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
108000000 | USD |
CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.379 | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
|
78000000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.47 | |
CY2018Q2 | cmi |
Tax Cutsand Jobs Actof2017 Incomplete Accounting Provisional Income Tax Expense Gross
TaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpenseGross
|
74000000 | USD |
CY2018Q2 | cmi |
Current Tax Cutsand Jobs Actof2017 Incomplete Accounting Provisional Income Tax Expense
CurrentTaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpense
|
39000000 | USD |
CY2018Q2 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
35000000 | USD |
CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.261 | |
CY2018Q2 | cmi |
Tax Cutsand Jobs Actof2017 Incomplete Accounting Transition Taxfor Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsandJobsActof2017IncompleteAccountingTransitionTaxforAccumulatedForeignEarningsProvisionalIncomeTaxExpense
|
34000000 | USD |
CY2018Q2 | cmi |
Tax Cutsand Jobs Actof2017 Incomplete Accounting Withholding Taxeson Earningsfor Possible Future Distribution Provisional Income Tax Expense
TaxCutsandJobsActof2017IncompleteAccountingWithholdingTaxesonEarningsforPossibleFutureDistributionProvisionalIncomeTaxExpense
|
5000000 | USD |
CY2018Q2 | cmi |
Current Tax Cutsand Jobs Actof2017 Incomplete Accounting Provisional Income Tax Expense
CurrentTaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpense
|
39000000 | USD |
CY2018Q2 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
178000000 | USD |
CY2018Q2 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
2000000 | USD |
CY2018Q2 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
180000000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
195000000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
3000000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
198000000 | USD |
CY2018Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
82000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
147000000 | USD |
CY2018Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2196000000 | USD |
CY2017Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2078000000 | USD |
CY2018Q2 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
1337000000 | USD |
CY2017Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
1216000000 | USD |
CY2018Q2 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
3533000000 | USD |
CY2017Q4 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
3294000000 | USD |
CY2018Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
122000000 | USD |
CY2017Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
128000000 | USD |
CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
3411000000 | USD |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
3166000000 | USD |
CY2018Q2 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
56000000 | USD |
CY2017Q4 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
57000000 | USD |
CY2018Q2 | us-gaap |
Commercial Paper
CommercialPaper
|
593000000 | USD |
CY2017Q4 | us-gaap |
Commercial Paper
CommercialPaper
|
298000000 | USD |
CY2018Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
2750000000 | USD |
CY2018Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
53000000 | USD |
CY2017Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
54000000 | USD |
CY2018Q2 | us-gaap |
Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
|
23000000 | USD |
CY2017Q4 | us-gaap |
Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
|
35000000 | USD |
CY2018Q2 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
117000000 | USD |
CY2017Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
121000000 | USD |
CY2018Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
1628000000 | USD |
CY2017Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
1651000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
57000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
63000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1571000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1588000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
48000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
51000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
12000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
8000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
8000000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2513000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2301000000 | USD |
CY2018Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2277000000 | USD |
CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2006000000 | USD |
CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1687000000 | USD |
CY2016Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1414000000 | USD |
CY2018Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
108000000 | USD |
CY2017Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
89000000 | USD |
CY2018Q2 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
63000000 | USD |
CY2017Q2 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
48000000 | USD |
CY2018Q2 | us-gaap |
Product Liability Accrual Period Expense
ProductLiabilityAccrualPeriodExpense
|
197000000 | USD |
CY2017Q2 | us-gaap |
Product Liability Accrual Period Expense
ProductLiabilityAccrualPeriodExpense
|
3000000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
99000000 | USD |
CY2017Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
95000000 | USD |
CY2018Q2 | us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
-58000000 | USD |
CY2017Q2 | us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
-54000000 | USD |
CY2018Q2 | us-gaap |
Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
|
10000000 | USD |
CY2017Q2 | us-gaap |
Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
|
34000000 | USD |
CY2018Q2 | us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
6000000 | USD |
CY2017Q2 | us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-2000000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1914000000 | USD |
CY2017Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1437000000 | USD |
CY2018Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
771000000 | USD |
CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
767000000 | USD |
CY2018Q2 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
55000000 | USD |
CY2018Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
73000000 | USD |
CY2018Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
31000000 | USD |
CY2018Q2 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
107000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
91000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
9000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
82000000 | USD |
CY2017Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-20000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
102000000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
121000000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
35000000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
86000000 | USD |
CY2018Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-13000000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
99000000 | USD |
CY2018Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
5570000000 | USD |
CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
210000000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
115000000 | USD |
CY2018Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
7000000 | USD |
CY2018Q2 | cmi |
Segment Reporting Information Income Lossbefore Interest Expense Income Taxes Depreciation Amortizationand Noncontrollinginterests
SegmentReportingInformationIncomeLossbeforeInterestExpenseIncomeTaxesDepreciationAmortizationandNoncontrollinginterests
|
700000000 | USD |
CY2018Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
153000000 | USD |
CY2017Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
4589000000 | USD |
CY2017Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
158000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
108000000 | USD |
CY2017Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2000000 | USD |
CY2017Q2 | cmi |
Segment Reporting Information Income Lossbefore Interest Expense Income Taxes Depreciation Amortizationand Noncontrollinginterests
SegmentReportingInformationIncomeLossbeforeInterestExpenseIncomeTaxesDepreciationAmortizationandNoncontrollinginterests
|
705000000 | USD |
CY2017Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
139000000 | USD |
CY2018Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1000000 | USD |
CY2018Q2 | cmi |
Segment Reporting Information Income Lossbefore Interest Expense Income Taxes Depreciation Amortizationand Noncontrollinginterests
SegmentReportingInformationIncomeLossbeforeInterestExpenseIncomeTaxesDepreciationAmortizationandNoncontrollinginterests
|
700000000 | USD |
CY2017Q2 | cmi |
Segment Reporting Information Income Lossbefore Interest Expense Income Taxes Depreciation Amortizationand Noncontrollinginterests
SegmentReportingInformationIncomeLossbeforeInterestExpenseIncomeTaxesDepreciationAmortizationandNoncontrollinginterests
|
705000000 | USD |
CY2018Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
153000000 | USD |
CY2017Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
139000000 | USD |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
24000000 | USD |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
18000000 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
523000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
548000000 | USD |