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NOTE 4. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES
Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting period was as follows:
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Three months ended |
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March 31, |
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| In millions |
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2023 |
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2022 |
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| Manufacturing entities |
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| Dongfeng Cummins Engine Company, Ltd. |
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$ |
19
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$ |
16 |
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| Beijing Foton Cummins Engine Co., Ltd. |
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16
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14 |
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| Chongqing Cummins Engine Company, Ltd. |
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9
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9 |
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| Tata Cummins, Ltd. |
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8
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9 |
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| All other manufacturers |
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19
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(10) |
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(1) |
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| Distribution entities |
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| Komatsu Cummins Chile, Ltda. |
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14
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7 |
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| All other distributors |
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3
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2 |
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| Cummins share of net income |
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88
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47 |
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| Royalty and interest income |
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31
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49 |
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| Equity, royalty and interest income from investees |
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$ |
119
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$ |
96 |
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(1) Includes a $28 million impairment of our joint venture with KAMAZ and $3 million of royalty charges as part of our costs associated with the suspension of our Russian operations. See NOTE 15, "RUSSIAN OPERATIONS," to our Condensed Consolidated Financial Statements for additional information.
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