Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary

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INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]      
Net sales for equity investees $ 7,068 $ 7,352 $ 7,050
Gross margin 1,274 1,373 1,422
Net income 566 647 680
Cummins share of net income 271 336 308
Royalty and interest income 59 58 49
Equity, royalty and interest income from investees 330 394 $ 357 [1]
Current assets 3,282 3,401  
Non-current assets 1,622 1,449  
Current liabilities (2,654) (2,669)  
Non-current liabilities (326) (218)  
Net assets 1,924 1,963  
Cummins share of net assets $ 1,159 $ 1,144  
[1] U.S. tax legislation passed in December 2017 decreased our equity earnings at certain equity investees, negatively impacting our "Equity, royalty and interest income from investees" by $23 million, $4 million and $12 million for the Engine, Distribution and Components segments, respectively. See Note 5, "INCOME TAXES," for additional information.