Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional paid-in Capital
Retained Earnings
Treasury Stock
Common Stock Held in Trust
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Noncontrolling interests
BALANCE, AT THE BEGINNING OF THE PERIOD at Dec. 31, 2016 $ 7,174 $ 556 $ 1,597 $ 11,040 $ (4,489) $ (8) $ (1,821) $ 6,875 $ 299
Increase (Decrease) in Shareholders' Equity                  
Impact of tax legislation (Note 5) 126     126       126  
Net income 994     999       999 (5)
Other comprehensive income, net of tax (Note 17) 338           318 318 20
Issuance of common stock 6 6         6  
Employee benefits trust activity (Note 16) 18   17     1   18  
Repurchases of common stock (Note 16) (451)       (451)     (451)  
Cash dividends on common stock (Note 16) (701)     (701)       (701)  
Distributions to noncontrolling interests (29)               (29)
Stock-based awards 38   3   35     38  
Acquisition of business (Note 21) 600             0 600
Other shareholder transactions 51   31         31 20
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2017 8,164 556 1,654 11,464 (4,905) (7) (1,503) 7,259 905
Increase (Decrease) in Shareholders' Equity                  
Adoption of new accounting standards 30     30       30  
Net income 2,187     2,141       2,141 46
Other comprehensive income, net of tax (Note 17) (333)           (304) (304) (29)
Issuance of common stock 12   12         12  
Employee benefits trust activity (Note 16) 17   15     2   17  
Repurchases of common stock (Note 16) (1,140)       (1,140)     (1,140)  
Cash dividends on common stock (Note 16) (718)     (718)       (718)  
Distributions to noncontrolling interests (30)               (30)
Stock-based awards 13   (4)   17     13  
Other shareholder transactions 57   38         (38) 19
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2018 8,259 556 1,715 12,917 (6,028) (5) (1,807) 7,348 911
Increase (Decrease) in Shareholders' Equity                  
Net income 2,268     2,260       2,260 8
Other comprehensive income, net of tax (Note 17) (226)           (221) (221) (5)
Issuance of common stock 3   3         3  
Employee benefits trust activity (Note 16) 37   34     3   37  
Repurchases of common stock (Note 16) (1,271)       (1,271)     (1,271)  
Cash dividends on common stock (Note 16) (761)     (761)       (761)  
Distributions to noncontrolling interests (33)               (33)
Stock-based awards 76   2   74     76  
Other shareholder transactions 113   36         36 77
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2019 $ 8,465 $ 556 $ 1,790 $ 14,416 $ (7,225) $ (2) $ (2,028) $ 7,507 $ 958