Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Apr. 04, 2021
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
NOTE 11. ACCUMULATED OTHER COMPREHENSIVE LOSS
Following are the changes in accumulated other comprehensive income (loss) by component for the three months ended:
In millions Change in
pensions and
other
postretirement
defined benefit
plans
Foreign
currency
translation
adjustment
Unrealized gain
(loss) on
derivatives
Total
attributable to
Cummins Inc.
Noncontrolling
interests
Total
Balance at December 31, 2020 $ (735) $ (1,204) $ (43) $ (1,982)    
Other comprehensive income before reclassifications            
Before-tax amount 15  (60) 93  48  $   $ 48 
Tax (expense) benefit (3) 4  (22) (21)   (21)
After-tax amount 12  (56) 71  27    27 
Amounts reclassified from accumulated other comprehensive income(1)
17    1  18    18 
Net current period other comprehensive income (loss) 29  (56) 72 
(2)
45  $   $ 45 
Balance at April 4, 2021 $ (706) $ (1,260) $ 29  $ (1,937)    
Balance at December 31, 2019 $ (734) $ (1,285) $ (9) $ (2,028)    
Other comprehensive income before reclassifications            
Before-tax amount (19) (148) (95) (262) $ (17) $ (279)
Tax benefit 18  26  —  26 
After-tax amount (14) (145) (77) (236) (17) (253)
Amounts reclassified from accumulated other comprehensive income (loss)(1)
16  —  (2) 14  —  14 
Net current period other comprehensive income (loss) (145) (79)
(2)
(222) $ (17) $ (239)
Balance at March 29, 2020 $ (732) $ (1,430) $ (88) $ (2,250)    
(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.
(2) Primarily related to interest rate lock activity. See the Interest Rate Risk section in NOTE 8 "DEBT" for additional information.