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
Redeemable Noncontrolling Interest
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock, Common
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Noncontrolling Interests
us-gaap_Net Income in Total Equity Excluding Noncontrolling Interest Amount
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 4.47                  
Redeemable noncontrolling interests (Note 16) at Dec. 31, 2021   $ 366                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2021 $ 9,035   $ 556 $ 1,543 $ 16,741 $ (9,123) $ (1,571) $ 8,146 $ 889  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest   (18)                
CONSOLIDATED NET INCOME 1,539       1,520     1,520 37 $ 1,557
Other comprehensive loss, net of tax (Note 12) (480)           (442) (442) (38)  
Issuance of common stock 8     8       8    
Repurchases of common stock (370)         (370)   (370)    
Cash dividends on common stock (633)       (633)     (633)    
Distributions to noncontrolling interests (38)               (38)  
Share-based awards 36     (3)   39   36    
Acquisition of business 111             0 111  
Fair value adjustment of redeemable noncontrolling interests 96 (96)   96       96    
Other shareholder transactions 36     14   5   19 17  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2022   252                
BALANCE AT END OF PERIOD at Sep. 30, 2022 $ 9,358   556 1,658 17,628 (9,449) (2,013) 8,380 978  
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.57                  
Redeemable noncontrolling interests (Note 16) at Jun. 30, 2022   226                
BALANCE AT BEGINNING OF PERIOD at Jun. 30, 2022 $ 9,429   556 1,668 17,450 (9,439) (1,696) 8,539 890  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest   (7)                
CONSOLIDATED NET INCOME 409       400     400 16 416
Other comprehensive loss, net of tax (Note 12) (332)           (317) (317) (15)  
Issuance of common stock 7     7       7    
Repurchases of common stock (23)       (23) (23)    
Cash dividends on common stock (222)       (222)     (222)    
Distributions to noncontrolling interests (24)               (24)  
Share-based awards 17     4   13 17    
Acquisition of business 111             0 111  
Fair value adjustment of redeemable noncontrolling interests (33) 33   (33)       (33)    
Other shareholder transactions 12     (12)       (12)    
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2022   252                
BALANCE AT END OF PERIOD at Sep. 30, 2022 $ 9,358   556 1,658 17,628 (9,449) (2,013) 8,380 978  
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 4.82                  
Redeemable noncontrolling interests (Note 16) at Dec. 31, 2022 $ 258 258                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2022 9,967   556 1,687 18,037 (9,415) (1,890) 8,975 992  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest   (20)                
CONSOLIDATED NET INCOME 2,233       2,166     2,166 87 2,253
Other comprehensive loss, net of tax (Note 12) (167)           (161) (161) (6)  
Issuance of common stock 3     3       3    
Cash dividends on common stock (683)       (683)     (683)    
Distributions to noncontrolling interests (50)               (50)  
Share-based awards 41     (1)   42   41    
Fair value adjustment of redeemable noncontrolling interests (33) 33   (33)       (33)    
Acquisition of redeemable noncontrolling interests (Note 16)   (271)                
Sale of Atmus stock (Note 15) 282     285       285 (3)  
Other shareholder transactions 65     61   4   65 0  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2023 0 0                
BALANCE AT END OF PERIOD at Sep. 30, 2023 $ 11,678   556 2,002 19,520 (9,369) (2,051) 10,658 1,020  
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.68                  
Redeemable noncontrolling interests (Note 16) at Jun. 30, 2023   0                
BALANCE AT BEGINNING OF PERIOD at Jun. 30, 2023 $ 11,356   556 1,976 19,102 (9,380) (1,917) 10,337 1,019  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest                  
CONSOLIDATED NET INCOME 690       656     656 34 $ 690
Other comprehensive loss, net of tax (Note 12) (141)           (134) (134) (7)  
Issuance of common stock 1     1       1    
Cash dividends on common stock (238)       (238)     (238)    
Distributions to noncontrolling interests (26)               (26)  
Share-based awards 13     3   10 13    
Other shareholder transactions 23     22   1   23 0  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2023 0 $ 0                
BALANCE AT END OF PERIOD at Sep. 30, 2023 $ 11,678   $ 556 $ 2,002 $ 19,520 $ (9,369) $ (2,051) $ 10,658 $ 1,020