v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Apr. 04, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 2.50  
Common stock, shares authorized 500.0  
Common stock, shares issued 222.4 222.4
Treasury stock, shares 76.2 74.8
Current assets    
Cash and cash equivalents $ 2,958 $ 3,401
Marketable securities (Note 5) 397 461
Total cash, cash equivalents and marketable securities 3,355 3,862
Accounts and notes receivable, net    
Trade and other 3,698 3,440
Nonconsolidated equity investees 511 380
Inventories (Note 6) 3,753 3,425
Prepaid expenses and other current assets 805 790
Total current assets 12,122 11,897
Long-term assets    
Property, plant and equipment 9,044 9,011
Accumulated depreciation (4,848) (4,756)
Property, plant and equipment, net 4,196 4,255
Investments and advances related to equity method investees 1,592 1,441
Goodwill 1,290 1,293
Other intangible assets, net 964 963
Pension assets 1,085 1,042
Other assets (Note 7) 1,713 1,733
Total assets 22,962 22,624
Current liabilities    
Accounts payable (principally trade) 3,279 2,820
Loans payable (Note 8) 93 169
Commercial paper (Note 8) 317 323
Accrued compensation, benefits and retirement costs 393 484
Current portion of accrued product warranty (Note 9) 623 674
Current portion of deferred revenue (Note 2) 773 691
Other accrued expenses (Note 7) 1,121 1,112
Current maturities of long-term debt (Note 8) 61 62
Total current liabilities 6,660 6,335
Long-term liabilities    
Long-term debt (Note 8) 3,620 3,610
Pensions and other postretirement benefits 621 630
Accrued product warranty (Note 9) 692 672
Deferred revenue (Note 2) 828 840
Other liabilities (Note 7) 1,510 1,548
Total liabilities 13,931 13,635
Commitments and contingencies (Note 10)
Cummins Inc. shareholders' equity    
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued 2,393 2,404
Retained earnings 15,825 15,419
Treasury stock, at cost, 76.2 and 74.8 shares (8,172) (7,779)
Accumulated other comprehensive loss (Note 11) (1,937) (1,982)
Total Cummins Inc. shareholders' equity 8,109 8,062
Noncontrolling interests 922 927
Total equity 9,031 8,989
Total liabilities and equity $ 22,962 $ 22,624

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