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) $ 3.591                      
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 1,970       1,960         1,960   10
Other comprehensive income, net of tax (Note 13) (235)               (233) (233)   (2)
Issuance of common stock 2     2           2    
Employee benefits trust activity 28     26       2   28    
Repurchases of common stock (806)         (806)     (806)    
Cash dividends on common stock (562)       (562)         (562)    
Distributions to noncontrolling interests (33)                     (33)
Stock-based awards 48     (2)     50     48    
Other shareholder transactions 82     25           25   57
BALANCE AT END OF PERIOD at Sep. 29, 2019 $ 8,753   556 1,766 14,315   (6,784) (3) (2,040) 7,810   943
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.311                      
BALANCE AT BEGINNING OF PERIOD at Jun. 30, 2019 $ 9,196   556 1,751 13,897   (6,082) (4) (1,840) 8,278   918
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 616       622         622   (6)
Other comprehensive income, net of tax (Note 13) (205)             (200) (200)   (5)
Employee benefits trust activity 7     6     1   7    
Repurchases of common stock (706)         (706)   (706)    
Cash dividends on common stock (204)       (204)         (204)    
Distributions to noncontrolling interests (20)                     (20)
Stock-based awards 5     1     4   5    
Other shareholder transactions 64     8           8   56
BALANCE AT END OF PERIOD at Sep. 29, 2019 8,753   556 1,766 14,315   (6,784) (3) (2,040) 7,810   943
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) $ 3.933                      
CONSOLIDATED NET INCOME $ 1,301       1,288         1,288   13
Other comprehensive income, net of tax (Note 13) (91)               (79) (79)   (12)
Issuance of common stock 10     10           10    
Employee benefits trust activity 29     27       2   29    
Repurchases of common stock (550)         (550)     (550)    
Cash dividends on common stock (582)       (582)         (582)    
Distributions to noncontrolling interests (26)                     (26)
Stock-based awards 78     (1)     79     78    
Other shareholder transactions 11     3           3   8
BALANCE AT END OF PERIOD at Sep. 27, 2020 $ 8,641   556 1,829 15,118   (7,696) 0 (2,107) 7,700   941
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.311                      
BALANCE AT BEGINNING OF PERIOD at Jun. 28, 2020 $ 8,130   556 1,797 14,811   (7,729) (1) (2,242) 7,192   938
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 504       501         501   3
Other comprehensive income, net of tax (Note 13) 145             135 135   10
Employee benefits trust activity 6     5     1   6    
Cash dividends on common stock (194)       (194)         (194)    
Distributions to noncontrolling interests (13)                     (13)
Stock-based awards 46     13     33   46    
Other shareholder transactions 17     14           14   3
BALANCE AT END OF PERIOD at Sep. 27, 2020 $ 8,641   $ 556 $ 1,829 $ 15,118   $ (7,696) $ 0 $ (2,107) $ 7,700   $ 941