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

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2025

Acquisitions for the years ended December 31, 2025, 2024 and 2023, were as follows:


Entity Acquired (Dollars in millions)	Date of Acquisition	Additional Percent Interest Acquired		Payments to Former Owners		Acquisition Related Debt Retirements		Total Purchase Consideration			Type of Acquisition(1)	Goodwill Acquired		Intangibles Recognized(2)
2024
Engendren Corporation	02/16/24	100	%	$	65	$	—	$	65		COMB	$	33	$	8



2023
Cummins France SA	10/31/23	100	%	$	25	$	5	$	30		COMB	$	4	$	—
Faurecia	10/02/23	100	%	208		—		208		(3)	COMB	92		—
Hydrogenics Corporation	06/29/23	19	%	287		48		335		(4)	EQUITY	—		—
Teksid Hierro de Mexico, S.A. de C.V.	04/03/23	100	%	143		—		143		(5)	COMB	18		—




















(1) All results from acquired entities were included in segment results subsequent to the acquisition date. Previously consolidated entities were accounted for as equity transactions (EQUITY). Newly consolidated entities were accounted for as business combinations (COMB).
(2) Intangible assets acquired in the business combination were mostly customer, technology and trade name related.
(3) Total purchase consideration included $30 million for the settlement of accounts payable that were treated as an operating cash outflow.
(4) Hydrogenics entered into three non-interest-bearing promissory notes with $175 million paid on July 31, 2023, $50 million paid on December 31, 2024 and the remaining $110 million paid in 2025.
(5) Total purchase consideration included $32 million for the settlement of accounts payable that was treated as an operating cash outflow.

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.