Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.21.2
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) $ 3.933                      
BALANCE AT BEGINNING 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                        
CONSOLIDATED NET INCOME 1,301       1,288         1,288   13
Other comprehensive income (loss), net of tax (Note 12) (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)
Share-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 (loss), net of tax (Note 12) 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)
Share-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
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 4.15                      
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2020 $ 8,989   556 1,848 15,419   (7,779) 0 (1,982) 8,062   927
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 1,764       1,737         1,737   27
Other comprehensive income (loss), net of tax (Note 12) 66               71 71   (5)
Issuance of common stock 1     1           1    
Repurchases of common stock (1,228)         (1,228)     (1,228)    
Cash dividends on common stock (601)       (601)         (601)    
Distributions to noncontrolling interests (28)                     (28)
Share-based awards 27     (4)     31     27    
Other shareholder transactions 13     11     2     13   0
BALANCE AT END OF PERIOD at Oct. 03, 2021 $ 9,003   556 1,856 16,555   (8,974) 0 (1,911) 8,082   921
Statement of Stockholders' Equity [Abstract]                        
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.45                      
BALANCE AT BEGINNING OF PERIOD at Jul. 04, 2021 $ 8,793   556 1,849 16,228   (8,838) 0 (1,929) 7,866   927
Increase (Decrease) in Shareholders' Equity                        
CONSOLIDATED NET INCOME 541       534         534   7
Other comprehensive income (loss), net of tax (Note 12) 20             18 18   2
Repurchases of common stock (138)         (138)   (138)    
Cash dividends on common stock (207)       (207)         (207)    
Distributions to noncontrolling interests (15)                     (15)
Share-based awards 1         1   1    
Other shareholder transactions 8     7     1     8   0
BALANCE AT END OF PERIOD at Oct. 03, 2021 $ 9,003   $ 556 $ 1,856 $ 16,555   $ (8,974) $ 0 $ (1,911) $ 8,082   $ 921