INVESTMENTS IN EQUITY INVESTEES (Details 2) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
INVESTMENTS IN EQUITY INVESTEES | |||
Investment account representing cumulative undistributed income in equity investees | $ 441 | ||
Net sales | 8,659 | 7,107 | 5,554 |
Gross margin | 1,948 | 1,651 | 1,365 |
Net income | 788 | 668 | 427 |
Cummins share of net income | 375 | 321 | 196 |
Royalty and interest income | 41 | 30 | 18 |
Total equity, royalty and interest income from investees | 416 | 351 | 214 |
Current assets | 2,892 | 2,741 | |
Non-current assets | 1,440 | 1,253 | |
Current liabilities | (2,055) | (1,837) | |
Non-current liabilities | (391) | (499) | |
Net assets | 1,886 | 1,658 | |
Cummins share of net assets | $ 855 | $ 744 |
X | ||||||||||
- Definition
This element represents the amount of net assets in summarized financial information for unconsolidated subsidiaries and 50 percent-or-less owned entities accounted for using the equity method of accounting. No definition available.
|
X | ||||||||||
- Definition
The total of the amount of equity in earnings, royalty income and interest income of unconsolidated subsidiaries and 50 percent or less owned persons. No definition available.
|
X | ||||||||||
- Definition
Royalty and interest income generated from investees. This amount is included in operating income. No definition available.
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of the cumulative undistributed income of the equity investees. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of noncurrent liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's ownership percentage in the investee multiplied by the investee's total equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|