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

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Millions									3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 02, 2023	Jun. 29, 2023	Apr. 03, 2023	Nov. 30, 2022	Aug. 03, 2022	Apr. 08, 2022	Feb. 07, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 31, 2023
Business Acquisition [Line Items]
Goodwill											$ 2,499	$ 2,343	$ 1,287
Accounts payable (principally trade)											4,260	4,252
Redeemable Noncontrolling Interest, Equity, Carrying Amount			$ 0								0	258
Investments and advances related to equity method investees (Note 4)											1,800	1,759
Amortization expense for software and other intangibles											324	223	144
Net sales											34,065	28,074	24,021
Net assets											13,340	14,995
Hydrogenics Promissory Note, Percent Due 2024-2025
Business Acquisition [Line Items]
Unsecured Debt											160	0
Components
Business Acquisition [Line Items]
Goodwill											1,884	1,752	934
Investments and advances related to equity method investees (Note 4)											582	617	254
Net sales											13,409	9,736	7,665
Net assets											6,965	7,306	2,938
Accelera
Business Acquisition [Line Items]
Goodwill											496	495	257
Investments and advances related to equity method investees (Note 4)											25	33	20
Net sales											354	198	116
Net assets											1,159	1,158	602
Cummins France
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Cash paid for business acquisition	$ 25
Payments to Acquire Businesses Liabilities Paid	5
Total purchase consideration	30
Goodwill	4
Intangibles Assets	$ 0
Faurecia
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Cash paid for business acquisition		$ 210
Payments to Acquire Businesses Liabilities Paid		0
Total purchase consideration		210
Goodwill		90
Intangibles Assets		0
Accounts payable (principally trade)		30
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		52
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		32
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		93
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Current and Long-term Assets		46
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(62)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current and Long-term Liabilities, Other		$ (49)
Hydrogenics Corporation
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			19.00%
Cash paid for business acquisition			$ 287
Payments to Acquire Businesses Liabilities Paid			48
Other Commitment			335
Goodwill			0
Intangibles Assets			$ 0
Loans Payable														$ 175
Debt, net of unamortized debt discount											148
Teskid Hierro de Mexico
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired				100.00%
Cash paid for business acquisition				$ 143
Payments to Acquire Businesses Liabilities Paid				0
Total purchase consideration				143
Goodwill				18
Intangibles Assets				0
Accounts payable (principally trade)				32
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents				16
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				$ 90
Goodwill, Purchase Accounting Adjustments									$ 7
Siemens Commercial Vehicles
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					100.00%
Cash paid for business acquisition					$ 187
Payments to Acquire Businesses Liabilities Paid					0
Total purchase consideration					187
Goodwill					70
Intangibles Assets					$ 106
Meritor Inc.
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired						100.00%
Cash paid for business acquisition						$ 2,613
Payments to Acquire Businesses Liabilities Paid						248
Total purchase consideration						2,861
Goodwill						926
Intangibles Assets						1,610
Unsecured Debt						2,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents						98
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables						640
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory						750
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						841
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Current and Long-term Assets						322
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable						(711)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current and Long-term Liabilities, Other						$ (665)
Goodwill, Purchase Accounting Adjustments											32
Business Acquisition, Share Price						$ 36.50
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities						$ (277)
Repayments of Debt										$ 900
Investments and advances related to equity method investees (Note 4)						382
Defined Benefit Plan, Plan Assets, Business Combination						147
Liability, Defined Benefit Plan						(129)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt						(962)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value						(111)
Contingent Liability, Purchase Accounting Adjustments											$ 70
Amortization expense for software and other intangibles						142
Net sales												1,900
Income (Loss) from Subsidiaries, Net of Tax												(43)
Business Acquisition, Transaction Costs												30
Business Acquisition, Pro Forma Revenue												30,841	27,949
Business Acquisition, Pro Forma Net Income (Loss)												2,196	$ 2,058
Meritor Inc. \| Rounded Purchase Price Member
Business Acquisition [Line Items]
Total purchase consideration						2,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt						(1,000)
Meritor Inc. \| Components
Business Acquisition [Line Items]
Goodwill						759
Net assets						3,800
Meritor Inc. \| Accelera
Business Acquisition [Line Items]
Goodwill						167
Net assets						300
Meritor Inc. \| Customer Relationships
Business Acquisition [Line Items]
Intangibles Assets						$ 960
Finite-Lived Intangible Asset, Useful Life						12 years
Meritor Inc. \| Technology-Based Intangible Assets
Business Acquisition [Line Items]
Intangibles Assets						$ 345
Finite-Lived Intangible Asset, Useful Life						8 years
Meritor Inc. \| Trade Names
Business Acquisition [Line Items]
Intangibles Assets						$ 305
Finite-Lived Intangible Asset, Useful Life						21 years
Jacobs Vehicle Systems
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							100.00%
Cash paid for business acquisition							$ 345
Payments to Acquire Businesses Liabilities Paid							0
Total purchase consideration							345
Goodwill							108
Intangibles Assets							164
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents							18
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables							24
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory							15
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment							70
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable							(21)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities							(27)
Amortization expense for software and other intangibles							18
Net sales												118
Income (Loss) from Subsidiaries, Net of Tax												$ (1)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net							(6)
Business Acquisition, Goodwill, Expected Tax Deductible Amount							9
Jacobs Vehicle Systems \| Customer Relationships
Business Acquisition [Line Items]
Intangibles Assets							$ 108
Finite-Lived Intangible Asset, Useful Life							9 years
Jacobs Vehicle Systems \| Technology-Based Intangible Assets
Business Acquisition [Line Items]
Intangibles Assets							$ 31
Finite-Lived Intangible Asset, Useful Life							7 years
Jacobs Vehicle Systems \| Trade Names
Business Acquisition [Line Items]
Intangibles Assets							$ 25
Finite-Lived Intangible Asset, Useful Life							14 years
Westport Fuel System Inc.
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired								50.00%
Cash paid for business acquisition								$ 42
Payments to Acquire Businesses Liabilities Paid								0
Total purchase consideration								42
Goodwill								0
Intangibles Assets								$ 20