Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Common Stock Held in Trust
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Noncontrolling Interests
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2017 $ 8,164 $ 556 $ 1,654 $ 11,464 $ (4,905) $ (7) $ (1,503) $ 7,259 $ 905
Increase (Decrease) in Shareholders' Equity                  
Adoption of new accounting standards (1) 30     30 [1]       30  
Net income 325     325       325 0
Other comprehensive income, net of tax (Note 13) 99           106 106 (7)
Issuance of common stock 3   3         3  
Employee benefits trust activity 7   6     1   7  
Repurchases of common stock (163)       (163)     (163)  
Cash dividends on common stock (178)     (178)       (178)  
Distributions to noncontrolling interests (11)               (11)
Stock based awards 3   (4)   7     3  
Other shareholder transactions 17   2         2 15
BALANCE AT END OF PERIOD at Apr. 01, 2018 $ 8,296 556 1,661 11,641 (5,061) (6) (1,397) 7,394 902
Increase (Decrease) in Shareholders' Equity                  
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.08                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2018 $ 8,259 556 1,715 12,917 (6,028) (5) (1,807) 7,348 911
Increase (Decrease) in Shareholders' Equity                  
Net income 669     663       663 6
Other comprehensive income, net of tax (Note 13) 71           68 68 3
Issuance of common stock 1   1         1  
Employee benefits trust activity 14   13     1   14  
Repurchases of common stock (100)       (100)     (100)  
Cash dividends on common stock (179)     (179)       (179)  
Distributions to noncontrolling interests (13)               (13)
Stock based awards 6   (11)   17     6  
Other shareholder transactions (1)   (1)         (1) 0
BALANCE AT END OF PERIOD at Mar. 31, 2019 $ 8,727 $ 556 $ 1,717 $ 13,401 $ (6,111) $ (4) $ (1,739) $ 7,820 $ 907
Increase (Decrease) in Shareholders' Equity                  
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.14                
[1] Includes $28 million related to adoption of the revenue recognition standard and $2 million related to adoption of the accounting for certain financial instruments standard. See Note 1, “SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES - Recently Adopted and Recently Issued Accounting Pronouncements” of the Notes to the Consolidated Financial Statements of our
2018 Form 10-K for additional information.