ACQUISITIONS |
3 Months Ended |
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Mar. 31, 2023 | |
| Business Combinations [Abstract] | |
| Mergers, Acquisitions and Dispositions Disclosures |
NOTE 16. ACQUISITION
On February 7, 2022, we purchased Westport Fuel System Inc.'s stake in Cummins Westport, Inc. We will continue to operate the business as the sole owner. The purchase price was $42 million and was allocated primarily to cash, warranty and deferred revenue related to extended coverage contracts. The results of the business were reported in our Engine segment. Pro forma financial information for the acquisition was not presented as the effects are not material to our Condensed Consolidated Financial Statements.
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- References No definition available.
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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