2021 Q4 Form 10-K Financial Statement

#000002617222000008 Filed on February 08, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $5.968B $6.111B $24.02B
YoY Change 2.37% 19.4% 21.25%
Cost Of Revenue $4.554B $4.633B $18.33B
YoY Change 1.9% 22.92% 22.85%
Gross Profit $1.414B $1.478B $5.695B
YoY Change 3.89% 9.56% 16.37%
Gross Profit Margin 23.69% 24.19% 23.71%
Selling, General & Admin $571.0M $600.0M $2.374B
YoY Change -0.87% 12.57% 11.72%
% of Gross Profit 40.38% 40.6% 41.69%
Research & Development $266.0M $276.0M $1.090B
YoY Change 224.39% 23.21% 20.31%
% of Gross Profit 18.81% 18.67% 19.14%
Depreciation & Amortization $160.0M $167.0M $662.0M
YoY Change -8.05% 0.6% -1.63%
% of Gross Profit 11.32% 11.3% 11.62%
Operating Expenses $837.0M $876.0M $3.464B
YoY Change -0.12% 15.72% 14.29%
Operating Profit $666.0M $735.0M $2.706B
YoY Change 27.34% 9.7% 19.26%
Interest Expense $28.00M $29.00M $111.0M
YoY Change -70.53% 16.0% 11.0%
% of Operating Profit 4.2% 3.95% 4.1%
Other Income/Expense, Net $37.00M $73.00M $156.0M
YoY Change 76.19% 78.05% -7.69%
Pretax Income $675.0M $779.0M $2.751B
YoY Change 6.3% 13.56% 17.66%
Income Tax $134.0M $167.0M $587.0M
% Of Pretax Income 19.85% 21.44% 21.34%
Net Earnings $541.0M $612.0M $2.164B
YoY Change 7.98% 21.43% 19.49%
Net Earnings / Revenue 9.07% 10.01% 9.01%
Basic Earnings Per Share $3.72 $4.14 $14.74
Diluted Earnings Per Share $3.69 $4.10 $14.61
COMMON SHARES
Basic Shares Outstanding 143.5M shares 145.1M shares 144.6M shares
Diluted Shares Outstanding 144.7M shares 146.5M shares 145.9M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.018B $2.919B $3.187B
YoY Change -21.85% -11.87% -17.48%
Cash & Equivalents $2.592B $2.481B $2.592B
Short-Term Investments $430.0M $438.0M $595.0M
Other Short-Term Assets $828.0M $804.0M $676.0M
YoY Change 4.81% 23.31% 9.39%
Inventory $4.355B $4.076B $4.355B
Prepaid Expenses
Receivables $4.152B $4.132B $3.990B
Other Receivables $0.00 $0.00 $101.0M
Total Short-Term Assets $12.31B $11.93B $12.31B
YoY Change 3.46% 7.86% 3.46%
LONG-TERM ASSETS
Property, Plant & Equipment $4.422B $4.174B $4.866B
YoY Change 3.92% 2.13% 3.69%
Goodwill $1.287B $1.291B
YoY Change -0.46% 0.23%
Intangibles $900.0M $942.0M
YoY Change -6.54% -4.85%
Long-Term Investments $1.543B $1.494B $1.538B
YoY Change 7.08% 5.36% 6.73%
Other Assets $1.766B $1.680B $2.810B
YoY Change 1.9% -1.93% 21.43%
Total Long-Term Assets $11.40B $10.68B $11.40B
YoY Change 6.28% 1.63% 6.28%
TOTAL ASSETS
Total Short-Term Assets $12.31B $11.93B $12.31B
Total Long-Term Assets $11.40B $10.68B $11.40B
Total Assets $23.71B $22.61B $23.71B
YoY Change 4.8% 4.82% 4.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.021B $3.172B $3.021B
YoY Change 7.13% 22.14% 7.13%
Accrued Expenses $1.190B $1.086B $2.521B
YoY Change 7.01% 9.7% 15.22%
Deferred Revenue $855.0M $805.0M
YoY Change 23.73% 49.07%
Short-Term Debt $285.0M $254.0M $521.0M
YoY Change -42.07% -42.92% 5.89%
Long-Term Debt Due $59.00M $57.00M $59.00M
YoY Change -4.84% -1.72% -4.84%
Total Short-Term Liabilities $7.084B $6.604B $7.084B
YoY Change 11.82% 15.68% 11.82%
LONG-TERM LIABILITIES
Long-Term Debt $3.602B $3.620B $3.579B
YoY Change -0.22% 0.3% -0.86%
Other Long-Term Liabilities $1.508B $1.472B $3.243B
YoY Change -2.58% -6.0% -3.63%
Total Long-Term Liabilities $1.508B $1.472B $6.822B
YoY Change -2.58% -6.0% -2.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.084B $6.604B $7.084B
Total Long-Term Liabilities $1.508B $1.472B $6.822B
Total Liabilities $14.31B $13.82B $15.24B
YoY Change 4.94% 6.87% 4.63%
SHAREHOLDERS EQUITY
Retained Earnings $16.74B $16.23B
YoY Change 8.57% 7.34%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.123B $8.838B
YoY Change 17.28% 14.84%
Treasury Stock Shares 80.00M shares 78.80M shares
Shareholders Equity $8.474B $7.866B $8.474B
YoY Change
Total Liabilities & Shareholders Equity $23.71B $22.61B $23.71B
YoY Change 4.8% 4.82% 4.8%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $541.0M $612.0M $2.164B
YoY Change 7.98% 21.43% 19.49%
Depreciation, Depletion And Amortization $160.0M $167.0M $662.0M
YoY Change -8.05% 0.6% -1.63%
Cash From Operating Activities $569.0M $616.0M $2.256B
YoY Change -50.18% -49.63% -17.12%
INVESTING ACTIVITIES
Capital Expenditures -$164.0M -$136.0M $734.0M
YoY Change -40.15% 6.25% 39.02%
Acquisitions $0.00
YoY Change
Other Investing Activities $32.00M $15.00M -$25.00M
YoY Change -129.63% -40.0% -7.41%
Cash From Investing Activities -$132.0M -$121.0M -$873.0M
YoY Change -65.45% 17.48% 21.42%
FINANCING ACTIVITIES
Cash Dividend Paid $809.0M
YoY Change 3.45%
Common Stock Issuance & Retirement, Net $174.0M $672.0M $1.346B
YoY Change 143.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -357.0M -977.0M -$2.227B
YoY Change 25.7% -1039.42% -895.36%
NET CHANGE
Cash From Operating Activities 569.0M 616.0M $2.256B
Cash From Investing Activities -132.0M -121.0M -$873.0M
Cash From Financing Activities -357.0M -977.0M -$2.227B
Net Change In Cash 80.00M -482.0M -$809.0M
YoY Change -83.19% -139.38% -135.61%
FREE CASH FLOW
Cash From Operating Activities $569.0M $616.0M $2.256B
Capital Expenditures -$164.0M -$136.0M $734.0M
Free Cash Flow $733.0M $752.0M $1.522B
YoY Change -48.23% -44.34% -30.63%

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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts for 2020 and 2019 were reclassified to conform to the current year presentation.</span></div>
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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates in the Preparation of the Financial Statements </span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of financial statements requires management to make estimates and assumptions that affect reported amounts presented and disclosed in our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Significant estimates and assumptions in these </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consolidated Financial Statements </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">require the exercise of judgement and are used for, but not limited to, estimates of future cash flows and other assumptions associated with goodwill and long-lived asset impairment tests, useful lives for depreciation and amortization, warranty programs, determination of discount rate and other assumptions for pensions and other postretirement benefit costs, restructuring costs, income taxes, deferred tax valuation allowances, contingencies and allowances for doubtful accounts. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current supply chain disruptions and related future financial impacts cannot be estimated at this time. This uncertainty could have an impact on certain estimates used in the preparation of our 2021 financial results.</span></div>
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CY2020 us-gaap Operating Lease Cost
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CY2019 us-gaap Operating Lease Cost
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180000000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
16000000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000000 USD
CY2019 us-gaap Finance Lease Interest Expense
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9000000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
19000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
33000000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
11000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
12000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
7000000 USD
CY2021 us-gaap Lease Cost
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221000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
225000000 USD
CY2019 us-gaap Lease Cost
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247000000 USD
CY2021Q4 cmi Totalleasedassets
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539000000 USD
CY2020Q4 cmi Totalleasedassets
Totalleasedassets
537000000 USD
CY2021Q4 cmi Total Lease Liabilities
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543000000 USD
CY2020Q4 cmi Total Lease Liabilities
TotalLeaseLiabilities
544000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
66000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
58000000 USD
CY2021 us-gaap Operating Lease Payments
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159000000 USD
CY2020 us-gaap Operating Lease Payments
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149000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
163000000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
47000000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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160000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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97000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
214000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
19000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y9M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.028 Rate
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034 Rate
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.039 Rate
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.040 Rate
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
17000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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138000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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15000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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102000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
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12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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76000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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58000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
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8000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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39000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
48000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
73000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
109000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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486000000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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32000000 USD
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CY2021Q4 us-gaap Operating Lease Liability
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CY2019Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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CY2021 us-gaap Amortization Of Intangible Assets
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144000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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165000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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175000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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139000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
128000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
109000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
76000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
53000000 USD
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
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492000000 USD
CY2020Q4 us-gaap Cash Surrender Value Of Life Insurance
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508000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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444000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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438000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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428000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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479000000 USD
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402000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
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308000000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
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1766000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
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1733000000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
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303000000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
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242000000 USD
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234000000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
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256000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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128000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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128000000 USD
CY2021Q4 us-gaap Accrued Income Taxes
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107000000 USD
CY2020Q4 us-gaap Accrued Income Taxes
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82000000 USD
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418000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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404000000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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1190000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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1112000000 USD
CY2021Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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403000000 USD
CY2020Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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325000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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326000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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325000000 USD
CY2021Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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263000000 USD
CY2020Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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289000000 USD
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177000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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203000000 USD
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19000000 USD
CY2020Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
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41000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
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320000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
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365000000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
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1508000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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1548000000 USD
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
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208000000 USD
CY2020Q4 us-gaap Short Term Bank Loans And Notes Payable
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169000000 USD
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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0.0271 Rate
CY2020Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2021Q4 us-gaap Commercial Paper
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313000000 USD
CY2020Q4 us-gaap Commercial Paper
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323000000 USD
CY2021Q4 cmi Leverage Ratio
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CY2021Q4 us-gaap Commercial Paper
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313000000 USD
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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3500000000 USD
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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3200000000 USD
CY2021Q4 us-gaap Other Long Term Debt
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110000000 USD
CY2020Q4 us-gaap Other Long Term Debt
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132000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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68000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
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72000000 USD
CY2021Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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34000000 USD
CY2020Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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48000000 USD
CY2021Q4 us-gaap Finance Lease Liability
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89000000 USD
CY2020Q4 us-gaap Finance Lease Liability
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91000000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3638000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3672000000 USD
CY2021Q4 us-gaap Long Term Debt Current
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59000000 USD
CY2020Q4 us-gaap Long Term Debt Current
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62000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3579000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3610000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
59000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
536000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
31000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
507000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
24000000 USD
CY2020Q3 us-gaap Unsecured Debt
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2000000000 USD
CY2020Q3 us-gaap Proceeds From Issuance Of Debt
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1980000000 USD
CY2021 us-gaap Interest Expense Debt
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113000000 USD
CY2020 us-gaap Interest Expense Debt
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102000000 USD
CY2019 us-gaap Interest Expense Debt
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112000000 USD
CY2021 us-gaap Interest Costs Capitalized
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2000000 USD
CY2020 us-gaap Interest Costs Capitalized
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2000000 USD
CY2019 us-gaap Interest Costs Capitalized
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3000000 USD
CY2021 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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CY2021 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge1
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2000000 USD
CY2020 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
7000000 USD
CY2020 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge1
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-5000000 USD
CY2019 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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16000000 USD
CY2019 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge1
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-14000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
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350000000 USD
CY2020Q2 us-gaap Derivative Notional Amount
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150000000 USD
CY2020Q2 us-gaap Unsecured Debt
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500000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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19000000 USD
CY2021 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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0 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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-22000000 USD
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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-10000000 USD
CY2019 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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0 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
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4461000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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4665000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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4159000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4164000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
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2307000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2389000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2208000000 USD
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
503000000 USD
CY2020 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
443000000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
458000000 USD
CY2021 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
288000000 USD
CY2020 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
248000000 USD
CY2019 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
356000000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
346000000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
90000000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
210000000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
530000000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
589000000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
590000000 USD
CY2021 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
-260000000 USD
CY2020 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
-227000000 USD
CY2019 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
-230000000 USD
CY2021 us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
-228000000 USD
CY2020 us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
-52000000 USD
CY2019 us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
-24000000 USD
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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-1000000 USD
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
5000000 USD
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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2425000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2307000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2389000000 USD
CY2021 us-gaap Product Liability Contingency Third Party Recovery
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170000000 USD
CY2020 us-gaap Product Liability Contingency Third Party Recovery
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20000000 USD
CY2019 us-gaap Product Liability Contingency Third Party Recovery
ProductLiabilityContingencyThirdPartyRecovery
67000000 USD
CY2021Q4 us-gaap Deferred Revenue
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CY2020Q4 us-gaap Deferred Revenue
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961000000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
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1439000000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1346000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2425000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2307000000 USD
us-gaap Product Liability Accrual Period Expense
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410000000 USD
CY2020Q4 us-gaap Product Liability Accrual Period Expense
ProductLiabilityAccrualPeriodExpense
20000000 USD
us-gaap Product Liability Accrual Period Expense
ProductLiabilityAccrualPeriodExpense
430000000 USD
CY2021Q4 us-gaap Product Liability Contingency Accrual Present Value
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82000000 USD
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
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39000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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73000000 USD
CY2021Q4 us-gaap Purchase Obligation
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101000000 USD
CY2021Q4 us-gaap Guarantee Obligations Current Carrying Value
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103000000 USD
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
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247.35
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
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418000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1576000000 USD
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
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252.66
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
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672000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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904000000 USD
CY2021Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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6927000000 USD

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