Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary

v3.20.4
INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 27, 2020
Jun. 28, 2020
Mar. 29, 2020
Dec. 31, 2019
Sep. 29, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Equity, royalty and interest income from investees                      
Net sales $ 5,830 $ 5,118 $ 3,852 $ 5,011 $ 5,578 $ 5,768 $ 6,221 $ 6,004 $ 19,811 [1] $ 23,571 [1] $ 23,771 [1]
Gross Profit 1,361 1,349 890 1,294 1,313 1,494 1,641 1,532 4,894 5,980 5,737
Net income                 1,811 2,268 2,187
Cummins share of net income 501 $ 501 $ 276 $ 511 300 $ 622 $ 675 $ 663 1,789 2,260 2,141
Equity, royalty and interest income from investees (Note 3)                 452 330 394
Assets, Current 11,897       9,387       11,897 9,387  
Liabilities, Current 6,335       6,260       6,335 6,260  
Net assets 9,266       9,258       9,266 9,258 9,220
Cummins share of net assets 1,361       1,159       1,361 1,159  
Equity Method Investment, Nonconsolidated Investee or Group of Investees                      
Equity, royalty and interest income from investees                      
Net sales                 7,794 7,068 7,352
Gross Profit                 1,418 1,274 1,373
Net income                 696 566 647
Cummins share of net income                 378 271 336
Royalty and interest income                 74 59 $ 58
Assets, Current 4,264       3,282       4,264 3,282  
Assets, Noncurrent 1,673       1,622       1,673 1,622  
Liabilities, Current 3,347       2,654       3,347 2,654  
Liabilities, Noncurrent 251       326       251 326  
Net assets $ 2,339       $ 1,924       $ 2,339 $ 1,924  
[1] (a)Includes sales to nonconsolidated equity investees of $1,283 million, $1,191 million and $1,267 million for the years ended December 31, 2020, 2019 and 2018, respectively.