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CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Apr. 04, 2021
Income Statement [Abstract]    
NET SALES (a) (Note 2) [1] $ 6,385 $ 6,092
Cost of sales (Note 3) 4,853 4,606
GROSS MARGIN 1,532 1,486
OPERATING EXPENSES AND INCOME    
Selling, general and administrative expenses 615 574
Research, development and engineering expenses 298 260
Equity, royalty and interest income from investees (Notes 3 and 5) 96 166
Other operating expense, net (Note 3) 111 8
OPERATING INCOME 604 810
Interest expense 17 28
Other (expense) income, net (9) 1
INCOME BEFORE INCOME TAXES 578 783
Income tax expense (Note 6) 155 172
CONSOLIDATED NET INCOME 423 611
Less: Net income attributable to noncontrolling interests 5 8
NET INCOME ATTRIBUTABLE TO CUMMINS INC. $ 418 $ 603
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.    
Basic (in dollars per share) $ 2.94 $ 4.10
Diluted (in dollars per share) $ 2.92 $ 4.07
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic (in shares) 142.2 147.0
Dilutive effect of stock compensation awards (in shares) 0.9 1.3
Diluted (in shares) 143.1 148.3
Revenue from Related Parties [1] $ 344 $ 478
[1] (a) Includes sales to nonconsolidated equity investees of $344 million for the three months ended March 31, 2022, compared with $478 million for the comparable period in 2021.

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