Cummins Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- DOCUMENT COVER Document
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

PRODUCT WARRANTY LIABILITY (Details 1) Warranty Liability Reconciliation, Warranty Related to Deferred Revenues

v3.19.3.a.u2

PRODUCT WARRANTY LIABILITY (Details 1) Warranty Liability Reconciliation, Warranty Related to Deferred Revenues - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Product Warranty Liability:
Balance, beginning of year	$ 2,208	$ 1,687	$ 1,414
Provision for warranties issued	458	437	376
Deferred revenue on extended warranty contracts sold	356	293	240
Provision for product campaigns issued	210	481	181
Payments made during period	(590)	(443)	(398)
Amortization of deferred revenue on extended warranty contracts	(230)	(244)	(219)
Changes in estimates for pre-existing warranties	(24)	3	85
Foreign currency translation and other	1	(6)	8
Balance, end of period	2,389	2,208	1,687
Product Warranty Liability [Line Items]
Product Liability Contingency, Third Party Recovery	67	26	$ 16
Current portion of deferred revenue	533	498
Long-term portion of deferred revenue	821	658
Deferred revenue related to extended coverage	941	814
Product warranty accrual, current	803	654
Product Warranty Accrual, Non-current	645	740
Standard Product Warranty Accrual	1,448	1,394
Current portion of deferred revenue
Product Warranty Liability [Line Items]
Current portion of deferred revenue	227	227
Deferred revenue
Product Warranty Liability [Line Items]
Long-term portion of deferred revenue	714	587
Current portion of accrued product warranty
Product Warranty Liability [Line Items]
Product warranty accrual, current	803	654
Accrued product warranty
Product Warranty Liability [Line Items]
Product Warranty Accrual, Non-current	$ 645	$ 740

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