Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL INFORMATION DISCLOSURE (unaudited) (Details)

v3.20.4
QUARTERLY FINANCIAL INFORMATION DISCLOSURE (unaudited) (Details)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
Sep. 27, 2020
USD ($)
$ / shares
Jun. 28, 2020
USD ($)
$ / shares
Mar. 29, 2020
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
$ / shares
Sep. 29, 2019
USD ($)
$ / shares
Jun. 30, 2019
USD ($)
$ / shares
Mar. 31, 2019
USD ($)
$ / shares
Dec. 31, 2018
$ / shares
Sep. 30, 2018
$ / shares
Jul. 01, 2018
$ / shares
Apr. 01, 2018
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
$ / shares
Dec. 31, 2018
USD ($)
$ / shares
Effect of Quarterly Events [Line Items]                              
Net sales | $ $ 5,830 $ 5,118 $ 3,852 $ 5,011 $ 5,578 $ 5,768 $ 6,221 $ 6,004         $ 19,811 [1] $ 23,571 [1] $ 23,771 [1]
Gross Profit | $ 1,361 1,349 890 1,294 1,313 1,494 1,641 1,532         4,894 5,980 5,737
Cummins share of net income | $ $ 501 $ 501 $ 276 $ 511 $ 300 $ 622 $ 675 $ 663         $ 1,789 $ 2,260 $ 2,141
Basic (in dollars per share) $ 3.39 $ 3.39 $ 1.87 $ 3.42 $ 1.98 $ 3.99 $ 4.29 $ 4.22         $ 12.07 $ 14.54 $ 13.20
Diluted (in dollars per share) 3.36 3.36 1.86 3.41 1.97 3.97 4.27 4.20         12.01 14.48 13.15
Cash dividend (in dollars per share) $ 1.35 1.311 1.311 1.311 $ 1.311 1.311 1.14 1.14 $ 1.14 $ 1.14 $ 1.08 $ 1.08 $ 5.28 $ 4.90 $ 4.44
Restructuring actions | $         $ 119               $ 0 $ 119 $ 0
Restructuring Charges, Net of Tax | $         $ 90                 $ 90  
Registered Shareholders Total 2,637                       2,637    
Common Stock, Par or Stated Value Per Share $ 2.50                       $ 2.50    
Maximum                              
Effect of Quarterly Events [Line Items]                              
Sale of Stock, Price Per Share 244.67 215.43 184.94 180.88 $ 186.73 175.91 171.84 162.34         244.67 $ 186.73  
Minimum                              
Effect of Quarterly Events [Line Items]                              
Sale of Stock, Price Per Share $ 203.51 $ 170.19 $ 127.30 $ 101.03 151.15 $ 141.14 $ 150.48 $ 130.03         $ 203.51 $ 151.15  
Restructuring Charges                              
Effect of Quarterly Events [Line Items]                              
Basic (in dollars per share)         0.59                    
Diluted (in dollars per share)         $ 0.59                    
[1] (a)Includes sales to nonconsolidated equity investees of $1,283 million, $1,191 million and $1,267 million for the years ended December 31, 2020, 2019 and 2018, respectively.