Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details)

v3.24.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period $ (1,890)    
Before tax amount (413) $ (377) $ 453
Tax benefit (expense) 105 (7) (114)
After tax amount (308) (384) 339
Amounts reclassified from accumulated other comprehensive income (1) (11) 25 67
Net current period other comprehensive (loss) income (319) (359) 406
Balance at the end of period (2,206) (1,890)  
Total attributable to Cummins Inc.      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (1,890) (1,571) (1,982)
Before tax amount (410) (337) 458
Tax benefit (expense) 105 (7) (114)
After tax amount (305) (344) 344
Amounts reclassified from accumulated other comprehensive income (1) (11) 25 67
Net current period other comprehensive (loss) income (316) (319) 411
Balance at the end of period (2,206) (1,890) (1,571)
Change in pensions and other postretirement defined benefit plans      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (427) (346) (735)
Before tax amount (541) (123) 425
Tax benefit (expense) 113 19 (103)
After tax amount (428) (104) 322
Amounts reclassified from accumulated other comprehensive income (1) 7 23 67
Net current period other comprehensive (loss) income (421) (81) 389
Balance at the end of period (848) (427) (346)
Foreign currency translation adjustment      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period (1,552) (1,208) (1,204)
Before tax amount 96 (350) (5)
Tax benefit (expense) (1) 6 1
After tax amount 95 (344) (4)
Amounts reclassified from accumulated other comprehensive income (1) 0 0 0
Net current period other comprehensive (loss) income 95 (344) (4)
Balance at the end of period (1,457) (1,552) (1,208)
Unrealized gain (loss) on derivatives      
Changes in accumulated other comprehensive income (loss) by component:      
Balance at the beginning of period 89 (17) (43)
Before tax amount 35 136 38
Tax benefit (expense) (7) (32) (12)
After tax amount 28 104 26
Amounts reclassified from accumulated other comprehensive income (1) (18) 2 0
Net current period other comprehensive (loss) income 10 106 26
Balance at the end of period 99 89 (17)
Noncontrolling interests      
Changes in accumulated other comprehensive income (loss) by component:      
Before tax amount (3) (40) (5)
Tax benefit (expense) 0 0 0
After tax amount (3) (40) (5)
Amounts reclassified from accumulated other comprehensive income (1) 0 0 0
Net current period other comprehensive (loss) income $ (3) $ (40) $ (5)