Cummins Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- DOCUMENT COVER Document
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - cmi-20201231.htm

STOCK INCENTIVE AND STOCK OPTION PLANS (Details) Plan Summaries

v3.20.4

STOCK INCENTIVE AND STOCK OPTION PLANS (Details) Plan Summaries - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	8,500,000
Stock options' expiration from the date of grant	10 years
Vesting period	2 years
Number of shares in every even block of KESIP shares	100
Stock options granted for every even block of 100 KESIP shares purchased by the employee	50
Excess tax benefit / (deficiency) associated with share-based plans	$ 4	$ 4	$ 2
Total unrecognized compensation expense (net of estimated forfeitures)	$ 27
Restricted Shares released after Two Years (percent)	33.33%
Restricted Shares Released each Year after Two Years (percent)	33.33%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Target award based on the actual performance (as a percent)	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Target award based on the actual performance (as a percent)	200.00%
Weighted-average maximum period of recognition of total unrecognized compensation expense related to nonvested awards	2 years
Director
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense (net of estimated forfeitures)	$ 1	1	1
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	3 years
Compensation expense (net of estimated forfeitures)	$ 30	$ 48	$ 52
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	3 years

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