Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 1,483 $ 1,369
Marketable securities (Note 6) 196 247
Total cash, cash equivalents and marketable securities 1,679 1,616
Accounts and notes receivable, net    
Trade and other 2,250 2,235
Nonconsolidated equity investees 246 240
Inventories (Note 8) 2,387 2,221
Prepaid expenses and other current assets 658 855
Total current assets 7,220 7,167
Long-term assets    
Property, plant and equipment 5,942 5,876
Accumulated depreciation (3,173) (3,152)
Property, plant and equipment, net 2,769 2,724
Investments and advances related to equity method investees 944 897
Goodwill 444 445
Other intangible assets, net 366 369
Other assets 1,013 946
Total assets 12,756 12,548
Current liabilities    
Loans payable 13 16
Accounts payable (principally trade) 1,554 1,339
Current maturities of long-term debt (Note 9) 54 61
Current portion of accrued product warranty (Note 10) 396 386
Accrued compensation, benefits and retirement costs 280 400
Deferred revenue 230 215
Taxes payable (including taxes on income) 203 173
Other accrued expenses 527 546
Total current liabilities 3,257 3,136
Long-term liabilities    
Long-term debt (Note 9) 736 698
Postretirement benefits other than pensions 422 432
Other liabilities and deferred revenue 1,296 1,308
Total liabilities 5,711 5,574
Commitments and contingencies (Note 11)      
Cummins Inc. shareholders' equity    
Common stock, $2.50 par value, 500 shares authorized, 222.2 and 222.4 shares issued 2,064 2,058
Retained earnings 7,530 7,343
Treasury stock, at cost, 32.5 and 32.6 shares (1,827) (1,830)
Common stock held by employee benefits trust, at cost, 1.4 and 1.5 shares (17) (18)
Accumulated other comprehensive loss (Note 13)    
Defined benefit postretirement plans (775) (794)
Other (320) (156)
Total accumulated other comprehensive loss (1,095) (950)
Total Cummins Inc. shareholders' equity 6,655 6,603
Noncontrolling interests 390 371
Total equity 7,045 6,974
Total liabilities and equity $ 12,756 $ 12,548