Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.21.1
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Segment reporting    
NET SALES (a) (Note 2) [1] $ 6,092 $ 5,011
Research, development and engineering expenses 260 238
Equity, royalty and interest income from investees 166 129
Interest income 6 7
EBITDA 980 846
Interest expense 28 23
Depreciation and amortization 169 168
INCOME BEFORE INCOME TAXES 783 655
Income tax expense 172 127
CONSOLIDATED NET INCOME 611 528
Less: Net income attributable to noncontrolling interests 8 17
NET INCOME ATTRIBUTABLE TO CUMMINS INC. 603 511
Amortization of Debt Discount (Premium) 1 1
Engine    
Segment reporting    
NET SALES (a) (Note 2) 2,459 2,158
Research, development and engineering expenses 92 80
Equity, royalty and interest income from investees 113 78
Interest income 3 4
EBITDA 354 365
Depreciation and amortization 51 53
Distribution    
Segment reporting    
NET SALES (a) (Note 2) 1,835 1,814
Research, development and engineering expenses 13 7
Equity, royalty and interest income from investees 17 21
Interest income 1 1
EBITDA 160 158
Depreciation and amortization 30 31
Components    
Segment reporting    
NET SALES (a) (Note 2) 2,152 1,502
Research, development and engineering expenses 75 68
Equity, royalty and interest income from investees 19 21
Interest income 1 1
EBITDA 421 279
Depreciation and amortization 48 48
Power Systems    
Segment reporting    
NET SALES (a) (Note 2) 1,022 884
Research, development and engineering expenses 57 54
Equity, royalty and interest income from investees 12 9
Interest income 1 1
EBITDA 126 77
Depreciation and amortization 35 32
New Power    
Segment reporting    
NET SALES (a) (Note 2) 35 10
Research, development and engineering expenses 23 29
Equity, royalty and interest income from investees 5 0
Interest income 0 0
EBITDA (51) (43)
Depreciation and amortization 5 4
Total Segments    
Segment reporting    
NET SALES (a) (Note 2) 7,503 6,368
Research, development and engineering expenses 260 238
Equity, royalty and interest income from investees 166 129
Interest income 6 7
EBITDA 1,010 836
Depreciation and amortization 169 168
Corporate and Other    
Segment reporting    
NET SALES (a) (Note 2) (1,411) (1,357)
EBITDA (30) 10
Intersegment sales | Engine    
Segment reporting    
NET SALES (a) (Note 2) 564 579
Intersegment sales | Distribution    
Segment reporting    
NET SALES (a) (Note 2) 8 7
Intersegment sales | Components    
Segment reporting    
NET SALES (a) (Note 2) 428 387
Intersegment sales | Power Systems    
Segment reporting    
NET SALES (a) (Note 2) 410 384
Intersegment sales | New Power    
Segment reporting    
NET SALES (a) (Note 2) 1 0
Intersegment sales | Total Segments    
Segment reporting    
NET SALES (a) (Note 2) 1,411 1,357
Intersegment sales | Corporate and Other    
Segment reporting    
NET SALES (a) (Note 2) (1,411) (1,357)
External Sales    
Segment reporting    
NET SALES (a) (Note 2) 6,092 5,011
External Sales | Engine    
Segment reporting    
NET SALES (a) (Note 2) 1,895 1,579
External Sales | Distribution    
Segment reporting    
NET SALES (a) (Note 2) 1,827 1,807
External Sales | Components    
Segment reporting    
NET SALES (a) (Note 2) 1,724 1,115
External Sales | Power Systems    
Segment reporting    
NET SALES (a) (Note 2) 612 500
External Sales | New Power    
Segment reporting    
NET SALES (a) (Note 2) 34 10
External Sales | Total Segments    
Segment reporting    
NET SALES (a) (Note 2) $ 6,092 $ 5,011
[1] (a) Includes sales to nonconsolidated equity investees of $478 million for the three months ended April 4, 2021, compared with $257 million for the comparable period in 2020.