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	Sep. 30, 2012	Dec. 31, 2011
Long-term debt
Long-term debt gross	$ 626	$ 638
Unamortized discount	(35)	(36)
Fair value adjustment due to hedge on indebtedness	88	82
Capital leases	68	71
Total long-term debt	747	755
Less: Current maturities of long-term debt	(77)	(97)
Long-term debt	670	658
Principal payments required on long-term debt
2012	33
2013	71
2014	31
2015	43
2016	14
Export financing loan, 4.5%, due 2012
Long-term debt
Debt instrument interest rate (as a percent)	4.50%
Long-term debt gross		31
Export financing loan, 4.5%, due 2013
Long-term debt
Debt instrument interest rate (as a percent)	4.50%
Long-term debt gross	34	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	$ 119	$ 90

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Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal, through the balance sheet date and due to be paid more than one year (or one operating cycle, if longer) after the balance sheet date.

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