Cummins Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

COMMITMENTS AND CONTINGENCIES (Details 2) Operating and Capital Leases

v3.10.0.1

COMMITMENTS AND CONTINGENCIES (Details 2) Operating and Capital Leases - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Leased property under leases by major classes
Rent expense	$ 217	$ 215	$ 210
Less: Accumulated amortization	(152)	(137)
Total	135	131
Net present value of the minimum payments due under capital leases
2019	30
2020	21
2021	16
2022	14
2023	13
After 2023	144
Total minimum lease payments	238
Interest	(106)
Present value of net minimum lease payments	132
Net present value of the minimum payments due under operating Leases
2019	138
2020	109
2021	81
2022	60
2023	39
After 2023	81
Total minimum lease payments	508
Buildings
Leased property under leases by major classes
Capital lease asset	180	158
Equipment
Leased property under leases by major classes
Capital lease asset	92	94
Land
Leased property under leases by major classes
Capital lease asset	$ 15	$ 16
Maximum
Leased property under leases by major classes
Lessee, Operating Lease, Term of Contract	10 years

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Amount before accumulated depreciation of leased physical assets used in the normal conduct of business to produce goods and services.

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