Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Noncontrolling Interests
Statement of Stockholders' Equity [Abstract]                
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.70              
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2020 $ 8,989 $ 556 $ 1,848 $ 15,419 $ (7,779) $ (1,982) $ 8,062 $ 927
Increase (Decrease) in Shareholders' Equity                
CONSOLIDATED NET INCOME 1,223     1,203     1,203 20
Other comprehensive loss, net of tax (Note 13) 46         53 53 (7)
Issuance of common stock 1   1       1  
Repurchases of common stock (1,090)     (1,090)   (1,090)  
Cash dividends on common stock (394)     (394)     (394)  
Distributions to noncontrolling interests (13)             (13)
Share-based awards 26   (4)   30   26  
Other shareholder transactions 5   4   1   5 0
BALANCE AT END OF PERIOD at Jul. 04, 2021 $ 8,793 556 1,849 16,228 (8,838) (1,929) 7,866 927
Statement of Stockholders' Equity [Abstract]                
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.35              
BALANCE AT BEGINNING OF PERIOD at Apr. 04, 2021 $ 9,031 556 1,837 15,825 (8,172) (1,937) 8,109 922
Increase (Decrease) in Shareholders' Equity                
CONSOLIDATED NET INCOME 612     600     600 12
Other comprehensive loss, net of tax (Note 13) 1         8 8 (7)
Issuance of common stock 1   1       1  
Repurchases of common stock (672)     (672) (672)  
Cash dividends on common stock (197)     (197)     (197)  
Share-based awards 8   2   6 8  
Other shareholder transactions 9   9       9  
BALANCE AT END OF PERIOD at Jul. 04, 2021 $ 8,793 556 1,849 16,228 (8,838) (1,929) 7,866 927
Statement of Stockholders' Equity [Abstract]                
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 2.90              
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2021 $ 9,401 556 1,871 16,741 (9,123) (1,571) 8,474 927
Increase (Decrease) in Shareholders' Equity                
CONSOLIDATED NET INCOME 1,130     1,120     1,120 10
Other comprehensive loss, net of tax (Note 13) (148)         (125) (125) (23)
Issuance of common stock 1   1       1  
Repurchases of common stock (347)     (347)   (347)  
Cash dividends on common stock (411)     (411)     (411)  
Distributions to noncontrolling interests (14)             (14)
Share-based awards 19   (7)   26   19  
Other shareholder transactions 24   2   5   7 17
BALANCE AT END OF PERIOD at Jun. 30, 2022 $ 9,655 556 1,867 17,450 (9,439) (1,696) 8,738 917
Statement of Stockholders' Equity [Abstract]                
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.45              
BALANCE AT BEGINNING OF PERIOD at Mar. 31, 2022 $ 9,363 556 1,855 16,952 (9,412) (1,515) 8,436 927
Increase (Decrease) in Shareholders' Equity                
CONSOLIDATED NET INCOME 707     702     702 5
Other comprehensive loss, net of tax (Note 13) (196)         (181) (181) (15)
Issuance of common stock 1   1       1  
Repurchases of common stock (36)     (36) (36)  
Cash dividends on common stock (204)     (204)     (204)  
Share-based awards 10   2   8 10  
Other shareholder transactions 10   9   1   10 0
BALANCE AT END OF PERIOD at Jun. 30, 2022 $ 9,655 $ 556 $ 1,867 $ 17,450 $ (9,439) $ (1,696) $ 8,738 $ 917