Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.19.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
Sep. 29, 2019
Equity [Abstract]  
Changes in accumulated other comprehensive income (loss) by component
Following are the changes in accumulated other comprehensive income (loss) by component for the three months ended:
 
 
Three months ended
In millions
 
Change in
pensions and
other
postretirement
defined benefit
plans
 
Foreign
currency
translation
adjustment
 
Unrealized gain
(loss) on
debt
securities
 
Unrealized gain
(loss) on
derivatives
 
Total
attributable to
Cummins Inc.
 
Noncontrolling
interests
 
Total
Balance at June 30, 2019
 
$
(675
)
 
$
(1,156
)
 
$

 
$
(9
)
 
$
(1,840
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 

 
(177
)
 

 
(39
)
 
(216
)
 
$
(5
)
 
$
(221
)
Tax benefit (expense)
 

 

 

 
8

 
8

 

 
8

After tax amount
 

 
(177
)
 

 
(31
)
 
(208
)
 
(5
)
 
(213
)
Amounts reclassified from accumulated other comprehensive loss(1)
 
6

 

 

 
2

 
8

 

 
8

Net current period other comprehensive income (loss)
 
6

 
(177
)
 

 
(29
)
 
(200
)
 
$
(5
)
 
$
(205
)
Balance at September 29, 2019
 
$
(669
)
 
$
(1,333
)
 
$

 
$
(38
)
 
$
(2,040
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at July 1, 2018
 
$
(668
)
 
$
(1,003
)
 
$

 
$
4

 
$
(1,667
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 

 
(139
)
 
2

 
1

 
(136
)
 
$
(17
)
 
$
(153
)
Tax benefit (expense)
 

 
(3
)
 

 

 
(3
)
 

 
(3
)
After tax amount
 

 
(142
)
 
2

 
1

 
(139
)
 
(17
)
 
(156
)
Amounts reclassified from accumulated other comprehensive loss(1)
 
13

 

 
(2
)
 
(4
)
 
7

 

 
7

Net current period other comprehensive income (loss)
 
13

 
(142
)
 

 
(3
)
 
(132
)
 
$
(17
)
 
$
(149
)
Balance at September 30, 2018
 
$
(655
)
 
$
(1,145
)
 
$

 
$
1

 
$
(1,799
)
 
 

 
 

____________________________________
(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.

Following are the changes in accumulated other comprehensive income (loss) by component for the nine months ended:
 
 
Nine months ended
In millions
 
Change in
pensions and
other
postretirement
defined benefit
plans
 
Foreign
currency
translation
adjustment
 
Unrealized gain (loss) on debt securities
 
Unrealized gain
(loss) on
derivatives
 
Total
attributable to
Cummins Inc.
 
Noncontrolling
interests
 
Total
Balance at December 31, 2018
 
$
(671
)
 
$
(1,138
)
 
$

 
$
2

 
$
(1,807
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
(22
)
 
(194
)
 

 
(47
)
 
(263
)
 
$
(2
)
 
$
(265
)
Tax benefit (expense)
 
5

 
(1
)
 

 
11

 
15

 

 
15

After tax amount
 
(17
)
 
(195
)
 

 
(36
)
 
(248
)
 
(2
)
 
(250
)
Amounts reclassified from accumulated other comprehensive loss(1)
 
19

 

 

 
(4
)
 
15

 

 
15

Net current period other comprehensive income (loss)
 
2

 
(195
)
 

 
(40
)
 
(233
)
 
$
(2
)
 
$
(235
)
Balance at September 29, 2019
 
$
(669
)
 
$
(1,333
)
 
$

 
$
(38
)
 
$
(2,040
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
 
$
(689
)
 
$
(812
)
 
$
1

 
$
(3
)
 
$
(1,503
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
(8
)
 
(342
)
 
2

 
16

 
(332
)
 
$
(41
)
 
$
(373
)
Tax benefit (expense)
 
2

 
9

 

 
(6
)
 
5

 

 
5

After tax amount
 
(6
)
 
(333
)
 
2

 
10

 
(327
)
 
(41
)
 
(368
)
Amounts reclassified from accumulated other comprehensive loss(1)
 
40

 

 
(3
)
 
(6
)
 
31

 
1

 
32

Net current period other comprehensive income (loss)
 
34

 
(333
)
 
(1
)
 
4

 
(296
)
 
$
(40
)
 
$
(336
)
Balance at September 30, 2018
 
$
(655
)
 
$
(1,145
)
 
$

 
$
1

 
$
(1,799
)
 
 

 
 


____________________________________
(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.