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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

DEBT (Details)

v2.4.0.6

DEBT (Details) (USD $) In Millions, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011
Long-term debt
Long-term debt gross	$ 638	$ 638
Unamortized discount	(35)	(36)
Fair value adjustment 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 payments required on long-term debt
2012	88
2013	62
2014	27
2015	17
2016	16
Export financing loan, 4.5%, due 2012
Long-term debt
Debt instrument interest rate (as a percent)	4.50%
Long-term debt gross	20	31
Export financing loan, 4.5%, due 2013
Long-term debt
Debt instrument interest rate (as a percent)	4.50%
Long-term debt gross	50	44
Debentures, 6.75%, due 2027
Long-term debt
Debt instrument interest rate (as a percent)	6.75%
Long-term debt gross	58	58
Debentures, 7.125%, due 2028
Long-term debt
Debt instrument interest rate (as a percent)	7.125%
Long-term debt gross	250	250
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)
Long-term debt
Debt instrument interest rate (as a percent)	5.65%
Effective interest rate (as a percent)	7.48%
Long-term debt gross	165	165
Other long-term debt
Long-term debt
Long-term debt gross	$ 95	$ 90

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