Annual report pursuant to Section 13 and 15(d)

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

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INVESTMENTS IN EQUITY INVESTEES (Details 2) Equity Investee Financial Summary - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Equity, royalty and interest income from investees      
Net sales [1] $ 24,021 $ 19,811 $ 23,571
Gross Profit 5,695 4,894 5,980
Net income 2,164 1,811 2,268
Cummins share of net income 2,131 1,789 2,260
Equity, royalty and interest income from investees (Note 3) 506 452 330
Assets, Current 12,309 11,897  
Liabilities, Current 7,084 6,335  
Net assets 9,639 9,266  
Cummins share of net assets 1,490 1,361  
Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Equity, royalty and interest income from investees      
Net sales 8,934 7,794 7,068
Gross Profit 1,574 1,418 1,274
Net income 802 696 566
Cummins share of net income 424 378 271
Royalty and interest income 82 74 $ 59
Assets, Current 4,587 4,264  
Assets, Noncurrent 1,850 1,673  
Liabilities, Current 3,573 3,347  
Liabilities, Noncurrent 288 251  
Net assets $ 2,576 $ 2,339  
[1] (a)Includes sales to nonconsolidated equity investees of $1,713 million, $1,283 million and $1,191 million for the years ended December 31, 2021, 2020 and 2019, respectively.