Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details)

v3.22.4
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period $ (1,571)    
Before tax amount (377) $ 453 $ (70)
Tax benefit (expense) (7) (114) 43
After tax amount (384) 339 (27)
Amounts reclassified from accumulated other comprehensive income(1) 25 67 63
Net current period other comprehensive (loss) income (359) 406 36
Balance at the end of period (1,890) (1,571)  
Total attributable to Cummins Inc.      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (1,571) (1,982) (2,028)
Before tax amount (337) 458 (60)
Tax benefit (expense) (7) (114) 43
After tax amount (344) 344 (17)
Amounts reclassified from accumulated other comprehensive income(1) 25 67 63
Net current period other comprehensive (loss) income (319) 411 46
Balance at the end of period (1,890) (1,571) (1,982)
Change in pensions and other postretirement defined benefit plans      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (346) (735) (734)
Before tax amount (123) 425 (92)
Tax benefit (expense) 19 (103) 26
After tax amount (104) 322 (66)
Amounts reclassified from accumulated other comprehensive income(1) 23 67 65
Net current period other comprehensive (loss) income (81) 389 (1)
Balance at the end of period (427) (346) (735)
Foreign currency translation adjustment      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (1,208) (1,204) (1,285)
Before tax amount (350) (5) 73
Tax benefit (expense) 6 1 8
After tax amount (344) (4) 81
Amounts reclassified from accumulated other comprehensive income(1) 0 0 0
Net current period other comprehensive (loss) income (344) (4) 81
Balance at the end of period (1,552) (1,208) (1,204)
Unrealized gain (loss) on derivatives      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (17) (43) (9)
Before tax amount 136 38 (41)
Tax benefit (expense) (32) (12) 9
After tax amount 104 26 (32)
Amounts reclassified from accumulated other comprehensive income(1) 2   (2)
Net current period other comprehensive (loss) income 106 26 (34)
Balance at the end of period 89 (17) (43)
Noncontrolling interests      
Changes in accumulated other comprehensive income (loss) by component:      
Before tax amount (40) (5) (10)
Tax benefit (expense) 0 0 0
After tax amount (40) (5) (10)
Amounts reclassified from accumulated other comprehensive income(1) 0 0  
Net current period other comprehensive (loss) income $ (40) $ (5) $ (10)