INVESTMENTS IN EQUITY INVESTEES (Details 2) - USD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Equity Method Investments and Joint Ventures [Abstract] | |||
Net sales | $ 7,050 | $ 5,654 | $ 5,946 |
Gross margin | 1,422 | 1,182 | 1,265 |
Net income | 680 | 499 | 521 |
Cummins share of net income | 308 | 260 | 273 |
Royalty and interest income | 49 | 41 | 42 |
Equity, royalty and interest income from investees | 357 | 301 | $ 315 |
Current assets | 3,416 | 2,602 | |
Non-current assets | 1,379 | 1,377 | |
Current liabilities | (2,567) | (1,938) | |
Non-current liabilities | (237) | (232) | |
Net assets | 1,991 | 1,809 | |
Cummins share of net assets | $ 1,116 | $ 927 |
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- Definition This element represents the amount of net assets in summarized financial information for unconsolidated subsidiaries and 50 percent-or-less owned entities accounted for using the equity method of accounting. No definition available.
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- Definition The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations reported by an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of noncurrent liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/2003/role/presentationRef
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- References No definition available.
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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