Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.24.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Changes in accumulated other comprehensive income (loss) by component
Following are the changes in accumulated other comprehensive (loss) income by component:
In millions Change in pensions
and other
postretirement
defined benefit plans		 Foreign
currency
translation
adjustment		 Unrealized gain
(loss) on
derivatives		 Total
attributable to
Cummins Inc.		 Noncontrolling
interests		 Total
Balance at December 31, 2020 $ (735) $ (1,204) $ (43) $ (1,982)    
Other comprehensive income (loss) before reclassifications            
Before-tax amount 425  (5) 38  458  $ (5) $ 453 
Tax (expense) benefit (103) 1  (12) (114) —  (114)
After-tax amount 322  (4) 26  344  (5) 339 
Amounts reclassified from accumulated other comprehensive income (1)
67  —  —  67  —  67 
Net current period other comprehensive income (loss) 389  (4) 26  411  $ (5) $ 406 
Balance at December 31, 2021 $ (346) $ (1,208) $ (17) $ (1,571)    
Other comprehensive income (loss) before reclassifications            
Before-tax amount (123) (350) 136  (337) $ (40) $ (377)
Tax benefit (expense) 19  6  (32) (7) —  (7)
After-tax amount (104) (344) 104  (344) (40) (384)
Amounts reclassified from accumulated other comprehensive income (1)
23  —  2  25  —  25 
Net current period other comprehensive income (loss) (81) (344) 106  (319) $ (40) $ (359)
Balance at December 31, 2022 $ (427) $ (1,552) $ 89  $ (1,890)    
Other comprehensive income (loss) before reclassifications            
Before-tax amount (541) 96  35  (410) $ (3) $ (413)
Tax benefit (expense) 113  (1) (7) 105  —  105 
After-tax amount (428) 95  28  (305) (3) (308)
Amounts reclassified from accumulated other comprehensive income (1)
7  —  (18) (11) —  (11)
Net current period other comprehensive (loss) income (421) 95  10  (316) $ (3) $ (319)
Balance at December 31, 2023 $ (848) $ (1,457) $ 99  $ (2,206)    
(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.