Cummins Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

3 Months Ended

Apr. 01, 2012

	April 1,			December 31,
In millions	2012			2011
Long-term debt
Export financing loan, 4.5%, due 2012	$	20		$	31
Export financing loan, 4.5%, due 2013	50			44
Debentures, 6.75%, due 2027	58			58
Debentures, 7.125%, due 2028	250			250
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)	165			165
Other	95			90
	638			638
Unamortized discount	(35		)	(36		)
Fair value adjustments due to hedge on indebtedness	70			82
Capital leases	72			71
Total long-term debt	745			755
Less: current maturities of long-term debt	(95		)	(97		)
Long-term debt	$	650		$	658

Principal repayments on long-term debt

	Required Principal Payments
In millions	2012		2013		2014		2015		2016
Payment	$	88	$	62	$	27	$	17	$	16

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details