Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
NOTE 13. ACCUMULATED OTHER COMPREHENSIVE LOSS
Following are the changes in accumulated other comprehensive income (loss) by component for the three months ended:
In millions Change in pensions
and other
postretirement
defined benefit plans
Foreign currency
translation
adjustment
Unrealized gain
(loss) on
derivatives
Total
attributable to
Cummins Inc.
Noncontrolling
interests
Total
Balance at December 31, 2022 $ (427) $ (1,552) $ 89  $ (1,890)    
Other comprehensive income (loss) before reclassifications            
Before-tax amount (13) 75  (3) 59  $ 3  $ 62 
Tax benefit 2  4  1  7    7 
After-tax amount (11) 79  (2) 66  3  69 
Amounts reclassified from accumulated other comprehensive income (loss)(1)
2    (1) 1    1 
Net current period other comprehensive (loss) income (9) 79  (3) 67  $ 3  $ 70 
Balance at March 31, 2023 $ (436) $ (1,473) $ 86  $ (1,823)    
Balance at December 31, 2021 $ (346) $ (1,208) $ (17) $ (1,571)    
Other comprehensive income (loss) before reclassifications            
Before-tax amount 14  11  36  61  $ (8) $ 53 
Tax (expense) benefit (4) (7) (10) —  (10)
After-tax amount 10  12  29  51  (8) 43 
Amounts reclassified from accumulated other comprehensive income (loss)(1)
—  (1) — 
Net current period other comprehensive income (loss) 16  12  28  56  $ (8) $ 48 
Balance at March 31, 2022 $ (330) $ (1,196) $ 11  $ (1,515)    
(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.