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, unless otherwise specified
Total
Total Cummins Inc. Shareholders' Equity
Common Stock
Additional paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Common Stock Held in Trust
Unearned Compensation
Noncontrolling Interests
Comprehensive Income
BALANCE at Dec. 31, 2008 $ 3,480 $ 3,234 $ 554 $ 1,239 $ 3,288 $ (1,066) $ (715) $ (61) $ (5) $ 246  
Comprehensive income:                      
Net income attributable to Cummins Inc. 484 428     428         56 484
Other comprehensive income (loss):                      
Unrealized gain (loss) on derivatives 75 75       75         75
Foreign currency translation adjustments 100 86       86       14 100
Change in pensions and other postretirement defined benefit plans 10 10       10         10
Total comprehensive income 669 599               70 669
Issuance of shares 7 7 1 6              
Employee benefits trust activity 86 86   61       25      
Acquisition of shares (20) (20)         (20)        
Cash dividends on common stock (141) (141)     (141)            
Distribution to noncontrolling interests (34)                 (34)  
Stock option exercises 2 2   (2)     4        
Conversion to capital lease (Note 14) (35)                 (35)  
Other shareholder transactions 6 6   2         4    
BALANCE at Dec. 31, 2009 4,020 3,773 555 1,306 3,575 (895) (731) (36) (1) 247  
Comprehensive income:                      
Net income attributable to Cummins Inc. 1,140 1,040     1,040         100 1,140
Other comprehensive income (loss):                      
Unrealized gain on marketable securities 4 2       2       2 4
Unrealized gain (loss) on derivatives 4 4       4         4
Foreign currency translation adjustments 37 27       27       10 37
Change in pensions and other postretirement defined benefit plans 142 142       142         142
Total comprehensive income 1,327 1,215               112 1,327
Issuance of shares 7 7   7              
Employee benefits trust activity 79 79   68       11      
Acquisition of shares (241) (241)         (241)        
Cash dividends on common stock (172) (172)     (172)            
Distribution to noncontrolling interests (29)                 (29)  
Stock option exercises 8 8         8        
Deconsolidation of variable interest entity (Note 1) (11)                 (11)  
Other shareholder transactions 8 1 (1) (1) 2       1 7  
BALANCE at Dec. 31, 2010 4,996 4,670 554 1,380 4,445 (720) (964) (25)   326  
Comprehensive income:                      
Net income attributable to Cummins Inc. 1,946 1,848     1,848         98 1,946
Other comprehensive income (loss):                      
Unrealized gain on marketable securities 1                 1 1
Unrealized gain (loss) on derivatives (32) (32)       (32)         (32)
Foreign currency translation adjustments (147) (108)       (108)       (39) (147)
Change in pensions and other postretirement defined benefit plans (78) (78)       (78)         (78)
Total comprehensive income 1,690 1,630               60 1,690
Issuance of shares 14 14 1 13              
Employee benefits trust activity 28 28   25       3      
Acquisition of shares (629) (629)         (629)        
Cash dividends on common stock (255) (255)     (255)            
Distribution to noncontrolling interests (56)                 (56)  
Stock option exercises 6 6         6        
Other shareholder transactions 37 28   28           9  
BALANCE at Dec. 31, 2011 $ 5,831 $ 5,492 $ 555 $ 1,446 $ 6,038 $ (938) [1] $ (1,587) $ (22)   $ 339  
[1] Comprised of defined benefit postretirement plans of $(724) million, foreign currency translation adjustments of $(198) million, unrealized gain on marketable securities of $4 million and unrealized loss on derivatives of $(20) million.