Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 33,670 $ 34,102 $ 34,065
Cost of sales 25,154 25,663 25,816
Gross Margin 8,516 8,439 8,249
OPERATING EXPENSES AND INCOME      
Selling, general and administrative expenses 3,125 3,275 3,333
Research, development and engineering expenses 1,396 1,463 1,500
Equity, royalty and interest income from investees 469 395 483
Other operating expense, net 439 346 2,138
OPERATING INCOME 4,025 3,750 1,761
Interest expense 329 370 375
Other income, net (Note 21) 267 1,523 240
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 3,963 4,903 1,626
Income tax expense (Note 4) 1,006 835 786
CONSOLIDATED NET INCOME 2,957 4,068 840
Less: Net income attributable to noncontrolling interests 114 122 105
Cummins share of net income $ 2,843 $ 3,946 $ 735
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)      
Basic (in dollars per share) $ 20.62 $ 28.55 $ 5.19
Diluted (in dollars per share) $ 20.50 $ 28.37 $ 5.15