Cummins Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- DOCUMENT COVER Document
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

STOCK INCENTIVE AND STOCK OPTION PLANS (Details) Plan Summaries

v3.24.0.1

STOCK INCENTIVE AND STOCK OPTION PLANS (Details) Plan Summaries - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	8,500,000
Stock options' expiration from the date of grant	10 years
Sale of Stock, Number of Shares Issued in Transaction	100
Stock options granted for every even block of 100 KESIP shares purchased by the employee	50
Compensation expense (net of estimated forfeitures)	$ 79	$ 33	$ 36
Excess tax benefit / (deficiency) associated with share-based plans	7	$ 8	$ 9
Total unrecognized compensation expense (net of estimated forfeitures)	$ 95
Weighted-average maximum period of recognition of total unrecognized compensation expense related to nonvested awards	2 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Target award based on the actual performance (as a percent)	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Target award based on the actual performance (as a percent)	200.00%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	3 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	3 years

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