INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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| Equity, royalty and interest income from investees | |||
| Net sales | $ 34,065 | $ 28,074 | $ 24,021 |
| Gross Margin | 8,249 | 6,719 | 5,695 |
| Net income | 840 | 2,183 | 2,164 |
| Cummins share of net income | 735 | 2,151 | 2,131 |
| Equity, royalty and interest income from investees (Note 4) | 483 | 349 | 506 |
| Assets, Current | 15,198 | 14,451 | |
| Liabilities, Current | 12,903 | 11,421 | |
| Net assets | 13,340 | 14,995 | |
| Cummins share of net assets | 1,786 | 1,715 | |
| Equity Method Investment, Nonconsolidated Investee or Group of Investees | |||
| Equity, royalty and interest income from investees | |||
| Net sales | 9,998 | 7,501 | 8,934 |
| Gross Margin | 1,597 | 1,211 | 1,574 |
| Net income | 677 | 475 | 802 |
| Cummins share of net income | 339 | 224 | 424 |
| Royalty and interest income | 144 | 125 | $ 82 |
| Assets, Current | 4,922 | 4,252 | |
| Assets, Noncurrent | 2,021 | 1,935 | |
| Liabilities, Current | 3,812 | 3,224 | |
| Liabilities, Noncurrent | 432 | 399 | |
| Net assets | $ 2,699 | $ 2,564 | |
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of net assets (liabilities). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This item represents the entity's ownership percentage in the investee multiplied by the investee's total equity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Ancillary revenue earned during the period from the consideration paid to the entity for the use of its rights and property by another party. Examples include licensing the use of copyrighted materials and leasing the extraction of natural resources. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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