Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock
Common Stock Held in Trust
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Total Cummins Inc. Shareholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interests
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.622                      
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2019 $ 8,465 $ (4) $ 556 $ 1,790 $ 14,416 $ (4) $ (7,225) $ (2) $ (2,028) $ 7,507 $ (4) $ 958
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 797       787         787   10
Other comprehensive income (loss), net of tax (Note 12) (236)               (214) (214)   (22)
Issuance of common stock 10     10           10    
Employee benefits trust activity 23     22       1   23    
Repurchases of common stock (550)         (550)     (550)    
Cash dividends on common stock (388)       (388)         (388)    
Distributions to noncontrolling interests (13)                     (13)
Share-based awards 32     (14)     46     32    
Other shareholder transactions (6)     (11)           (11)   5
BALANCE AT END OF PERIOD at Jun. 28, 2020 $ 8,130   556 1,797 14,811   (7,729) (1) (2,242) 7,192   938
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.311                      
BALANCE AT BEGINNING OF PERIOD at Mar. 29, 2020 $ 8,018   556 1,779 14,728   (7,744) (1) (2,250) 7,068   950
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 269       276         276   (7)
Other comprehensive income (loss), net of tax (Note 12) 3             8 8   (5)
Issuance of common stock 1     1           1    
Employee benefits trust activity 5     5       5    
Cash dividends on common stock (193)       (193)         (193)    
Share-based awards 19     4     15   19    
Other shareholder transactions 8     8           8    
BALANCE AT END OF PERIOD at Jun. 28, 2020 $ 8,130   556 1,797 14,811   (7,729) (1) (2,242) 7,192   938
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.70                      
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2020 $ 8,989   556 1,848 15,419   (7,779) 0 (1,982) 8,062   927
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 1,223       1,203         1,203   20
Other comprehensive income (loss), net of tax (Note 12) 46               53 53   (7)
Issuance of common stock 1     1           1    
Repurchases of common stock (1,090)         (1,090)     (1,090)    
Cash dividends on common stock (394)       (394)         (394)    
Distributions to noncontrolling interests (13)                     (13)
Share-based awards 26     (4)     30     26    
Other shareholder transactions 5     4     1     5  
BALANCE AT END OF PERIOD at Jul. 04, 2021 $ 8,793   556 1,849 16,228   (8,838) 0 (1,929) 7,866   927
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.35                      
BALANCE AT BEGINNING OF PERIOD at Apr. 04, 2021 $ 9,031   556 1,837 15,825   (8,172) 0 (1,937) 8,109   922
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 612       600         600   12
Other comprehensive income (loss), net of tax (Note 12) 1             8 8   (7)
Issuance of common stock 1     1           1    
Repurchases of common stock (672)         (672)   (672)    
Cash dividends on common stock (197)       (197)         (197)    
Share-based awards 8     2     6   8    
Other shareholder transactions 9     9           9   0
BALANCE AT END OF PERIOD at Jul. 04, 2021 $ 8,793   $ 556 $ 1,849 $ 16,228   $ (8,838) $ 0 $ (1,929) $ 7,866   $ 927