Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock
Common Stock Held in Trust
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Total Cummins Inc. Shareholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interests
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.28                      
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2018 $ 8,259   $ 556 $ 1,715 $ 12,917   $ (6,028) $ (5) $ (1,807) $ 7,348   $ 911
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 1,354       1,338         1,338   16
Other comprehensive income (loss), net of tax (Note 13) (30)               (33) (33)   3
Issuance of common stock 2     2           2    
Employee benefits trust activity 21     20       1   21    
Repurchases of common stock (100)         (100)     (100)    
Cash dividends on common stock (358)       (358)         (358)    
Distributions to noncontrolling interests (13)                     (13)
Stock-based awards 43     (3)     46     43    
Other shareholder transactions 18     17           17   1
BALANCE AT END OF PERIOD at Jun. 30, 2019 9,196   556 1,751 13,897   (6,082) (4) (1,840) 8,278   918
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2018 8,259   556 1,715 12,917   (6,028) (5) (1,807) 7,348   911
BALANCE AT END OF PERIOD at Dec. 31, 2019 $ 8,465 $ (4) 556 1,790 14,416 $ (4) (7,225) (2) (2,028) 7,507 $ (4) 958
Increase (Decrease) in Shareholders' Equity                        
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                      
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.14                      
BALANCE AT BEGINNING OF PERIOD at Mar. 31, 2019 $ 8,727   556 1,717 13,401   (6,111) (4) (1,739) 7,820   907
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 685       675         675   10
Other comprehensive income (loss), net of tax (Note 13) (101)             (101) (101)   0
Issuance of common stock 1     1           1    
Employee benefits trust activity 7     7       7    
Cash dividends on common stock (179)       (179)         (179)    
Stock-based awards 37     8     29   37    
Other shareholder transactions 19     18           18   1
BALANCE AT END OF PERIOD at Jun. 30, 2019 $ 9,196   556 1,751 13,897   (6,082) (4) (1,840) 8,278   918
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.622                      
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2019 $ 8,465 $ (4) 556 1,790 14,416 $ (4) (7,225) (2) (2,028) 7,507 $ (4) 958
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 797       787         787   10
Other comprehensive income (loss), net of tax (Note 13) (236)               (214) (214)   (22)
Issuance of common stock 10     10           10    
Employee benefits trust activity 23     22       1   23    
Repurchases of common stock (550)         (550)     (550)    
Cash dividends on common stock (388)       (388)         (388)    
Distributions to noncontrolling interests (13)                     (13)
Stock-based awards 32     (14)     46     32    
Other shareholder transactions (6)     (11)           (11)   5
BALANCE AT END OF PERIOD at Jun. 28, 2020 $ 8,130   556 1,797 14,811   (7,729) (1) (2,242) 7,192   938
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.311                      
BALANCE AT BEGINNING OF PERIOD at Mar. 29, 2020 $ 8,018   556 1,779 14,728   (7,744) (1) (2,250) 7,068   950
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 269       276         276   (7)
Other comprehensive income (loss), net of tax (Note 13) 3             8 8   (5)
Issuance of common stock 1     1           1    
Employee benefits trust activity 5     5       5    
Cash dividends on common stock (193)       (193)         (193)    
Stock-based awards 19     4     15   19    
Other shareholder transactions 8     8           8   0
BALANCE AT END OF PERIOD at Jun. 28, 2020 $ 8,130   $ 556 $ 1,797 $ 14,811   $ (7,729) $ (1) $ (2,242) $ 7,192   $ 938