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NOTE 5. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES
Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting period was as follows:
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Three months ended |
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| In millions |
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March 29,
2020 |
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March 31,
2019 |
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| Manufacturing entities |
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| Beijing Foton Cummins Engine Co., Ltd. |
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$ |
17 |
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$ |
21 |
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| Chongqing Cummins Engine Company, Ltd. |
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9 |
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12 |
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| Dongfeng Cummins Engine Company, Ltd. |
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8 |
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14 |
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| All other manufacturers |
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55 |
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(1) |
27 |
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| Distribution entities |
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| Komatsu Cummins Chile, Ltda. |
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10 |
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6 |
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| All other distributors |
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— |
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(1) |
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| Cummins share of net income |
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99 |
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|
79 |
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| Royalty and interest income |
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30 |
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13 |
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| Equity, royalty and interest income from investees |
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$ |
129 |
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$ |
92 |
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(1) Includes $37 million in adjustments related to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Changes) passed in March 2020. See NOTE 6, "INCOME TAXES" for additional information on India Tax Law Changes.
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