Annual report pursuant to Section 13 and 15(d)

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v2.4.0.6
OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2012
OTHER COMPREHENSIVE INCOME (LOSS)  
Summary of total other comprehensive income

 

 

In millions
  Before
Tax
Amount
  Tax
(Provision)
Benefit
  After
Tax
Amount
 

Year ended December 31, 2012

                   

Change in pensions and other postretirement defined benefit plans

  $ (103 ) $ 33   $ (70 )
               

Foreign currency translation adjustments

    25     12     37  
               

Unrealized gain (loss) on marketable securities

                   

Holding gain (loss)

    (2 )   1     (1 )

Reclassification of realized gain (loss) to net income

    3     (1 )   2  
               

Net unrealized gain (loss)

    1         1  
               

Unrealized gain (loss) on derivatives

                   

Holding gain (loss)

    16     (5 )   11  

Reclassification of realized gain (loss) to net income

    14     (5 )   9  
               

Net unrealized gain (loss)

    30     (10 )   20  
               

Other comprehensive income (loss) attributable to Cummins Inc. 

    (47 )   35     (12 )

Noncontrolling interests

    (7 )       (7 )
               

Total other comprehensive income (loss)

  $ (54 ) $ 35   $ (19 )
               

Year ended December 31, 2011

                   

Change in pensions and other postretirement defined benefit plans

  $ (107 ) $ 29   $ (78 )
               

Foreign currency translation adjustments

    (120 )   12     (108 )
               

Unrealized gain (loss) on marketable securities

                   

Holding gain (loss)

    (3 )   1     (2 )

Reclassification of realized gain (loss) to net income

    3     (1 )   2  
               

Net unrealized gain (loss)

             
               

Unrealized gain (loss) on derivatives

                   

Holding gain (loss)

    (26 )   11     (15 )

Reclassification of realized gain (loss) to net income

    (22 )   5     (17 )
               

Net unrealized gain (loss)

    (48 )   16     (32 )
               

Other comprehensive income (loss) attributable to Cummins Inc. 

    (275 )   57     (218 )

Noncontrolling interests

    (38 )       (38 )
               

Total other comprehensive income (loss)

  $ (313 ) $ 57   $ (256 )
               

Year ended December 31, 2010

                   

Change in pensions and other postretirement defined benefit plans

  $ 207   $ (65 ) $ 142  
               

Foreign currency translation adjustments

    52     (25 )   27  
               

Unrealized gain (loss) on marketable securities

                   

Holding gain (loss)

    2         2  

Reclassification of realized gain (loss) to net income

             
               

Net unrealized gain (loss)

    2         2  
               

Unrealized gain (loss) on derivatives

                   

Holding gain (loss)

    8     (3 )   5  

Reclassification of realized gain (loss) to net income

    (2 )   1     (1 )
               

Net unrealized gain (loss)

    6     (2 )   4  
               

Other comprehensive income (loss) attributable to Cummins Inc. 

    267     (92 )   175  

Noncontrolling interests

    12         12  
               

Total other comprehensive income (loss)

  $ 279   $ (92 ) $ 187