EXHIBIT 99

earningsreleasea061.jpg
For Immediate Release

April 28, 2020
Cummins Reports First Quarter 2020 Results

First quarter revenues of $5.0 billion; GAAP1 Net Income of $511 million
First quarter EBITDA of 16.9 percent; Diluted EPS of $3.41
The company ended the quarter with cash, cash equivalents and marketable securities of $2.0 billion and committed borrowing capacity of $1.9 billion
The company’s long-term credit ratings remain unchanged at A+ from Standard & Poor’s and A2 from Moody’s with stable outlooks
Previously announced restructuring actions were completed in the quarter and will yield annual cost savings of $250 to $300 million in 2020

COLUMBUS, IND. - Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2020.

First quarter revenues of $5.0 billion decreased 17 percent from the same quarter in 2019. Lower truck production in North America and weaker demand in global construction, mining, and power generation markets drove the majority of the revenue decrease. Currency negatively impacted revenues by 1 percent primarily due to a stronger US dollar.

Sales in North America declined by 16 percent while international revenues decreased by 17 percent led by declines in Europe, Asia Pacific, Latin America, India, and China.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter were $846 million (16.9 percent of sales), compared to $1.0 billion (17.2 percent of sales) a year ago. First quarter EBITDA included a $37 million benefit to joint venture earnings resulting from recent changes to tax law in India.

Net income attributable to Cummins in the first quarter was $511 million ($3.41 per diluted share) compared to $663 million ($4.20 per diluted share) in 2019. First quarter net income included a benefit of $35 million ($0.23 per diluted share) resulting from recent changes to tax law in India. The tax rate in the first quarter was 19.4 percent.

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Chairman and CEO, Tom Linebarger:
“We delivered strong profitability in the first quarter, supported by the commitment of our employees to serve our customers and the benefit of cost reduction actions we initiated in the second half of 2019. Amidst the unprecedented COVID-19 pandemic, the health and safety of our employees and the communities in which we operate is our top priority. Our teams are working hard to support the global economy, leveraging our flexibility and strong supplier network to help our customers deliver essential products and support response efforts. Given the significant impact the pandemic will have on demand across our industry in the second quarter and beyond, we are continuing to take actions to reduce cost and boost our already strong liquidity.”
“During our 100-year history, we have encountered several unforeseen crises, and I am confident we will successfully navigate this one as we have done before, to emerge stronger. Cummins enters this period of uncertainty in a position of strength with an experienced leadership team that has led through multiple cycles and a strong balance sheet. Our deep customer and supplier relationships combined with our leading positions in global markets leave us well positioned to deliver strong growth when the global economy recovers.”

2020 Outlook:

Due to uncertainty related to the coronavirus pandemic, the company is not providing revenue or profitability guidance for 2020. While customer operations have begun to resume activity, the company does expect a significant impact to its second quarter results due to disruptions across customer and supplier operations and lower end market demand. For now, the company is planning for weak demand levels to persist for some time. In response to these challenges the company recently announced a set of cost reduction actions, including a temporary reduction in salaries. In addition, the company is lowering its targeted capital expenditures by more than 25 percent as compared to 2019 and will continue to closely monitor market conditions and adjust our plans accordingly.

First Quarter 2020 Highlights:

Cummins Foundation Issued Grants to Community Partners Addressing Urgent Childcare, Nutrition and Remote Learning Needs Caused by COVID-19 Crisis.

Announced partnerships with DuPont and 3M to provide critical material for N95 masks and Powered Air Purifying Respirators.

The Human Rights Campaign (HRC) announced that Cummins received a perfect score for a 15th consecutive year in its Corporate Equality Index.

Cummins was named to Ethisphere’s list of the World’s Most Ethical Companies for a 13th consecutive year.

First quarter 2020 detail (all comparisons to same period in 2019):

Engine Segment

Sales - $2.2 billion, down 19 percent
Segment EBITDA - $365 million, or 16.9 percent of sales, compared to $438 million or 16.5
2


percent of sales
On-highway revenues decreased 17 percent and off-highway revenues decreased 23 percent, primarily due to decreased global demand in truck and construction markets

Distribution Segment

Sales - $1.8 billion, down 9 percent
Segment EBITDA - $158 million, or 8.7 percent of sales, compared to $171 million or 8.5 percent of sales
Revenues in North America were down 11 percent and international sales declined by 6 percent
Demand declined in all lines of business and a stronger US dollar negatively impacted revenues by 1 percent

Components Segment

Sales - $1.5 billion, down 19 percent
Segment EBITDA - $279 million, or 18.6 percent of sales, compared to $325 million or 17.5 percent of sales
Revenues in North America decreased by 24 percent and international sales declined by 12 percent, both due to weaker global truck demand

Power Systems Segment

Sales - $884 million, down 18 percent
Segment EBITDA - $77 million, or 8.7 percent of sales, compared to $138 million, or 12.8 percent of sales
Power generation revenues decreased by 8 percent while industrial revenues decreased 30 percent

New Power Segment

Sales - $10 million
Segment EBITDA loss - $43 million
Costs associated with development of new products and current low adoption rates of new technology are contributing to EBITDA losses

1 Generally Accepted Accounting Principles

About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
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Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: market slowdown due to the impacts from COVID-19 pandemic, other public health crises, epidemics or pandemics; impacts to manufacturing and supply chain abilities from an extended shutdown or disruption of our operations due to the COVID-19 pandemic; supply shortages and supplier financial risk, particularly from any of our single-sourced suppliers, including suppliers that may be impacted by the COVID-19 pandemic; aligning our capacity and production with our demand, including impacts of COVID-19; a major customer experiencing financial distress, particularly related to the COVID-19 pandemic; any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; disruptions in global credit and financial markets as the result of the COVID-19 pandemic; adverse impacts from government actions to stabilize credit markets and financial institutions and other industries; product recalls; the development of new technologies that reduce demand for our current products and services; policy changes in international trade; a slowdown in infrastructure development and/or depressed commodity prices; the U.K.'s decision to end its membership in the European Union (EU); labor relations or work stoppages; reliance on our executive leadership team and other key personnel; lower than expected acceptance of new or existing products or services; changes in the engine outsourcing practices of significant customers; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions;
exposure to potential security breaches or other disruptions to our information technology systems and data security; challenges or unexpected costs in completing cost reduction actions and restructuring initiatives; failure to realize expected results from our investment in Eaton Cummins Automated Transmission Technologies joint venture; political, economic and other risks from operations in numerous countries; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; foreign currency exchange rate changes; variability in material and commodity costs; the actions of, and income from, joint ventures and other investees that we do not directly control; changes in taxation; global legal and ethical compliance costs and risks; product liability claims; increasingly stringent environmental laws and regulations; the performance of our pension plan assets and volatility of discount rates, particularly those related to the sustained slowdown of the global economy due to the COVID-19 pandemic; future bans or limitations on the use of diesel-powered products; the price and availability of energy; our sales mix of products; protection and validity of our patent and other intellectual property rights; the outcome of pending and future litigation and governmental proceedings; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2019 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Presentation of Non-GAAP Financial Information
EBITDA is a non-GAAP measure used in this release and is defined and reconciled to what management believes to be the most comparable GAAP measure in a schedule attached to this release. Cummins presents this information as it believes it is useful to understanding the Company's operating performance, and because EBITDA is a measure used internally to assess the performance of the operating units.

Webcast information
Cummins management will host a teleconference to discuss these results today at 10 a.m. EST. This teleconference will be webcast and available on the Investor Relations section of the Cummins website at 
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www.cummins.com. Participants wishing to view the visuals available with the audio are encouraged to sign-in a few minutes prior to the start of the teleconference.

5


CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME
(Unaudited) (a)


 Three months ended
In millions, except per share amountsMarch 29,
2020
March 31,
2019
NET SALES$5,011  $6,004  
Cost of sales3,717  4,472  
GROSS MARGIN 1,294  1,532  
OPERATING EXPENSES AND INCOME   
Selling, general and administrative expenses 546  593  
Research, development and engineering expenses238  237  
Equity, royalty and interest income from investees129  92  
Other operating (expense) income, net(5)  
OPERATING INCOME 634  799  
Interest income 12  
Interest expense23  32  
Other income, net37  66  
INCOME BEFORE INCOME TAXES 655  845  
Income tax expense127  176  
CONSOLIDATED NET INCOME 528  669  
Less: Net income attributable to noncontrolling interests  17   
NET INCOME ATTRIBUTABLE TO CUMMINS INC. $511  $663  
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.  
Basic $3.42  $4.22  
Diluted $3.41  $4.20  
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING   
Basic 149.3  157.2  
Diluted 149.7  157.7  
(a)  Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

















6


CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (a)

In millions, except par valueMarch 29,
2020
December 31,
2019
ASSETS  
Current assets   
Cash and cash equivalents $1,691  $1,129  
Marketable securities339  341  
Total cash, cash equivalents and marketable securities 2,030  1,470  
Accounts and notes receivable, net 3,505  3,670  
Inventories3,579  3,486  
Prepaid expenses and other current assets 676  761  
Total current assets 9,790  9,387  
Long-term assets   
Property, plant and equipment, net4,128  4,245  
Investments and advances related to equity method investees1,304  1,237  
Goodwill1,283  1,286  
Other intangible assets, net965  1,003  
Pension assets989  1,001  
Other assets1,617  1,578  
Total assets $20,076  $19,737  
LIABILITIES  
Current liabilities   
Accounts payable (principally trade) $2,648  $2,534  
Loans payable121  100  
Commercial paper1,617  660  
Accrued compensation, benefits and retirement costs 322  560  
Current portion of accrued product warranty743  803  
Current portion of deferred revenue527  533  
Other accrued expenses971  1,039  
Current maturities of long-term debt33  31  
Total current liabilities 6,982  6,260  
Long-term liabilities   
Long-term debt1,580  1,576  
Pensions and other postretirement benefits588  591  
Accrued product warranty640  645  
Deferred revenue837  821  
Other liabilities1,431  1,379  
Total liabilities $12,058  $11,272  
EQUITY
Cummins Inc. shareholders’ equity  
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued $2,335  $2,346  
Retained earnings 14,728  14,416  
Treasury stock, at cost, 74.9 and 71.7 shares (7,744) (7,225) 
Common stock held by employee benefits trust, at cost, 0.1 and 0.2 shares (1) (2) 
Accumulated other comprehensive loss(2,250) (2,028) 
Total Cummins Inc. shareholders’ equity 7,068  7,507  
Noncontrolling interests950  958  
Total equity $8,018  $8,465  
Total liabilities and equity $20,076  $19,737  
(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.


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CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) (a)


 Three months ended
In millionsMarch 29,
2020
March 31,
2019
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income $528  $669  
Adjustments to reconcile consolidated net income to net cash provided by operating activities  
Depreciation and amortization168  157  
Deferred income taxes(11) 11  
Equity in income of investees, net of dividends(78) (64) 
Pension and OPEB expense27  18  
Pension contributions and OPEB payments(60) (47) 
Stock-based compensation expense  
Restructuring payments(48) —  
Gain on corporate owned life insurance (17) (37) 
Foreign currency remeasurement and transaction exposure 79  
Changes in current assets and liabilities
Accounts and notes receivable107  (135) 
Inventories(171) (107) 
Other current assets79  67  
Accounts payable171  166  
Accrued expenses(321) (293) 
Changes in other liabilities28  64  
Other, net(30) (145) 
Net cash provided by operating activities379  412  
CASH FLOWS FROM INVESTING ACTIVITIES   
Capital expenditures(75) (109) 
Investments in internal use software(8) (20) 
Investments in and advances to equity investees(7) (10) 
Investments in marketable securities—acquisitions(116) (121) 
Investments in marketable securities—liquidations95  103  
Cash flows from derivatives not designated as hedges 55  
Other, net 31  
Net cash used in investing activities(99) (71) 
CASH FLOWS FROM FINANCING ACTIVITIES   
Net borrowings (payments) of commercial paper957  (71) 
Payments on borrowings and finance lease obligations(10) (10) 
Net borrowings under short-term credit agreements25  15  
Distributions to noncontrolling interests(13) (13) 
Dividend payments on common stock(195) (179) 
Repurchases of common stock(550) (100) 
Other, net20  11  
Net cash provided by (used in) financing activities  234  (347) 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 48  31  
Net increase in cash and cash equivalents  562  25  
Cash and cash equivalents at beginning of year 1,129  1,303  
CASH AND CASH EQUIVALENTS AT END OF PERIOD $1,691  $1,328  
(a)  Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

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CUMMINS INC. AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)

In millionsEngineDistributionComponentsPower SystemsNew PowerTotal Segments
Intersegment Eliminations (1)
Total
Three months ended March 29, 2020      
External sales$1,579  $1,807  $1,115  $500  $10  $5,011  $—  $5,011  
Intersegment sales579   387  384  —  1,357  (1,357) —  
Total sales2,158  1,814  1,502  884  10  6,368  (1,357) 5,011  
Research, development and engineering expenses80   68  54  29  238  —  238  
Equity, royalty and interest income from investees78  21  21   —  129  —  129  
Interest income (2)
    —   —   
Segment EBITDA365  158  279  77  (43) 836  10  846  
Depreciation and amortization (3)
53  31  48  32   168  —  168  
Segment EBITDA as a percentage of total sales16.9 %8.7 %18.6 %8.7 %NM  13.1 %16.9 %
Three months ended March 31, 2019
External sales$1,984  $1,993  $1,401  $623  $ $6,004  $—  $6,004  
Intersegment sales669   460  454  —  1,591  (1,591) —  
Total sales2,653  2,001  1,861  1,077   7,595  (1,591) 6,004  
Research, development and engineering expenses78   75  56  21  237  —  237  
Equity, royalty and interest income from investees56  11  10  15  —  92  —  92  
Interest income (2)
    —  12  —  12  
Segment EBITDA438  171  325  138  (29) 1,043  (10) 1,033  
Depreciation and amortization (3)
50  29  46  29   156  —  156  
EBITDA as a percentage of total sales16.5 %8.5 %17.5 %12.8 %NM  13.7 %17.2 %
"NM" - not meaningful information
(1) Includes intersegment sales, intersegment profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three months ended March 29, 2020 and March 31, 2019.
(2) "Interest income" is managed at the corporate level and allocated to each operating segment.
(3) Depreciation and amortization, as shown on a segment basis, excludes the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Net Income as "Interest expense." The amortization of debt discount and deferred costs was less than $1 million and $1 million for the three month ended March 29, 2020 and March 31, 2019, respectively. A portion of depreciation expense is included in "Research, development and engineering expenses."


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CUMMINS INC. AND SUBSIDIARIES
RECONCILIATION OF SEGMENT INFORMATION
(Unaudited)

A reconciliation of our segment information to the corresponding amounts in the Condensed Consolidated Statements of Net Income is shown in the table below:
 
 Three months ended
In millionsMarch 29,
2020
March 31,
2019
Total EBITDA$846  $1,033  
Less:
Depreciation and amortization168  156  
Interest expense23  32  
Income before income taxes$655  $845  

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CUMMINS INC. AND SUBSIDIARIES
SELECT FOOTNOTE DATA
(Unaudited)


INCOME TAXES
Our effective tax rate for the three months ended March 29, 2020, was 19.4 percent. Our effective tax rate for the three months ended March 31, 2019, was 20.8 percent and contained immaterial discrete items.
The three months ended March 29, 2020, contained $18 million of favorable net discrete tax items, primarily due to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Change) passed in March of 2020. The India Tax Law Change eliminated the dividend distribution tax and replaced it with a lower rate withholding tax as the burden shifted from the dividend payor to the dividend recipient for a net favorable income statement impact of $35 million, or $0.23 per share.
The India Tax Law Change resulted in the following adjustments to the Income Statement in the first quarter of 2020:
March 29,
2020
In millionsFavorable (Unfavorable)
Equity, royalty and interest income from investees$37  
Income tax expense (1)
17  
Less: Net income attributable to noncontrolling interests(19) 
Net income statement impact$35  
(1) The adjustment to Income tax expense includes $15 million of discrete items.
RISKS AND UNCERTAINTIES
During the first quarter of 2020, the outbreak of the coronavirus disease of 2019 (COVID-19) spread throughout the world and became a global pandemic. The pandemic triggered a significant downturn in our markets globally and these challenging market conditions could continue for an extended period of time. In an effort to contain the spread of COVID-19, maintain the well-being of our employees and stakeholders, match the reduced demand from our customers and in accordance with governmental requirements, we closed or partially shut down certain office, manufacturing and distribution facilities around the world. These closures expanded and continued into April 2020. While the global market downturn, closures and limitations on movement are expected to be temporary, the duration of the production and supply chain disruptions, and related financial impacts, cannot be estimated at this time. This uncertainty could have an impact in future periods on certain estimates used in the preparation of our first quarter financial results, including, but not limited to impairment of goodwill and other long-lived assets, income tax provision, recoverability of inventory and hedge accounting with respect to forecasted future transactions. Should the manufacturing and distribution closures continue for an extended period of time, the impact on our production and supply chain could have a material adverse effect on our results of operations, financial condition and cash flows.
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CUMMINS INC. AND SUBSIDIARIES
FINANCIAL MEASURES THAT SUPPLEMENT GAAP
(Unaudited)

Reconciliation of Non GAAP measures - Earnings before interest, income taxes, noncontrolling interests, depreciation and amortization (EBITDA)
We believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors.
EBITDA is not in accordance with, or an alternative for, accounting principles generally accepted in the United States (GAAP) and may not be consistent with measures used by other companies. It should be considered supplemental data; however, the amounts included in the EBITDA calculation are derived from amounts included in the Condensed Consolidated Statements of Net Income. Below is a reconciliation of “Net income attributable to Cummins Inc.” to EBITDA for each of the applicable periods:
 Three months ended
In millionsMarch 29,
2020
March 31,
2019
Net income attributable to Cummins Inc.$511  $663  
Net income attributable to Cummins Inc. as a percentage of net sales10.2 %11.0 %
Add:
Net income attributable to noncontrolling interests17   
Consolidated net income528  669  
Add:
Interest expense23  32  
Income tax expense127  176  
Depreciation and amortization168  156  
EBITDA$846  $1,033  
EBITDA as a percentage of net sales16.9 %17.2 %
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CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)

Engine Segment Sales by Market and Unit Shipments by Engine Classification
Sales for our Engine segment by market were as follows:
2020     
In millionsQ1Q2Q3Q4YTD
Heavy-duty truck$750  $—  $—  $—  $750  
Medium-duty truck and bus618  —  —  —  618  
Light-duty automotive353  —  —  —  353  
Off-highway437  —  —  —  437  
Total sales$2,158  $—  $—  $—  $2,158  
2019     
In millionsQ1Q2Q3Q4YTD
Heavy-duty truck$979  $970  $851  $755  $3,555  
Medium-duty truck and bus721  739  645  602  2,707  
Light-duty automotive382  480  478  464  1,804  
Off-highway571  514  442  463  1,990  
Total sales$2,653  $2,703  $2,416  $2,284  $10,056  

Unit shipments by engine classification (including unit shipments to Power Systems and off-highway engine units included in their respective classification) were as follows:
2020     
UnitsQ1Q2Q3Q4YTD
Heavy-duty25,800  —  —  —  25,800  
Medium-duty61,200  —  —  —  61,200  
Light-duty49,400  —  —  —  49,400  
Total units136,400  —  —  —  136,400  
2019     
UnitsQ1Q2Q3Q4YTD
Heavy-duty33,900  35,000  28,000  25,700  122,600  
Medium-duty79,000  76,400  63,200  64,800  283,400  
Light-duty56,400  64,100  62,600  62,800  245,900  
Total units169,300  175,500  153,800  153,300  651,900  
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CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)

Distribution Segment Sales by Product Line
Sales for our Distribution segment by product line were as follows:
2020     
In millionsQ1Q2Q3Q4YTD
Parts$787  $—  $—  $—  $787  
Power generation376  —  —  —  376  
Service328  —  —  —  328  
Engines323  —  —  —  323  
Total sales$1,814  $—  $—  $—  $1,814  
2019     
In millionsQ1Q2Q3Q4YTD
Parts$844  $833  $798  $815  $3,290  
Power generation403  427  467  487  1,784  
Service363  373  376  367  1,479  
Engines391  395  363  369  1,518  
Total sales$2,001  $2,028  $2,004  $2,038  $8,071  

Component Segment Sales by Product Line
Sales for our Components segment by product line were as follows:
2020     
In millionsQ1Q2Q3Q4YTD
Emission solutions$664  $—  $—  $—  $664  
Filtration312  —  —  —  312  
Turbo technologies270  —  —  —  270  
Electronics and fuel systems174  —  —  —  174  
Automated transmissions82  —  —  —  82  
Total sales$1,502  $—  $—  $—  $1,502  
2019     
In millionsQ1Q2Q3Q4YTD
Emission solutions$854  $828  $745  $695  $3,122  
Filtration325  331  310  315  1,281  
Turbo technologies335  319  279  285  1,218  
Electronics and fuel systems198  212  170  179  759  
Automated transmissions149  156  146  83  534  
Total sales$1,861  $1,846  $1,650  $1,557  $6,914  
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CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)

Power Systems Segment Sales by Product Line and Unit Shipments by Engine Classification
Sales for our Power Systems segment by product line were as follows:
2020     
In millionsQ1Q2Q3Q4YTD
Power generation$519  $—  $—  $—  $519  
Industrial296  —  —  —  296  
Generator technologies69  —  —  —  69  
Total sales$884  $—  $—  $—  $884  
2019     
In millionsQ1Q2Q3Q4YTD
Power generation$567  $668  $647  $636  $2,518  
Industrial420  432  392  332  1,576  
Generator technologies  90  103  87  86  366  
Total sales$1,077  $1,203  $1,126  $1,054  $4,460  

High-horsepower unit shipments by engine classification were as follows:
2020     
UnitsQ1Q2Q3Q4YTD
Power generation1,800  —  —  —  1,800  
Industrial1,000  —  —  —  1,000  
Total units2,800  —  —  —  2,800  
2019     
UnitsQ1Q2Q3Q4YTD
Power generation  2,100  2,300  2,300  2,400  9,100  
Industrial  1,600  1,600  1,400  1,400  6,000  
Total units  3,700  3,900  3,700  3,800  15,100  


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