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) $ 4.82                  
Redeemable noncontrolling interests (Note 15) at Dec. 31, 2022   $ 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 Income, Other, Net of Tax (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 15)   (271)                
Sale of Atmus stock (Note 14) 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                
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 15) 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 Income, Other, Net of Tax (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    
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2023   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) $ 5.18                  
Redeemable noncontrolling interests (Note 15) at Dec. 31, 2023   0                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2023 $ 9,904   556 2,008 17,851 (9,359) (2,206) 8,850 1,054  
Increase (Decrease) in Shareholders' Equity                    
CONSOLIDATED NET INCOME 3,623       3,528     3,528 95 3,623
Other Comprehensive Income, Other, Net of Tax (32)           (29) (29) (3)  
Issuance of common stock 8     8       8    
Cash dividends on common stock (719)       (719)     (719)    
Distributions to noncontrolling interests (68)               (68)  
Share-based awards 100     (6)   106   100    
Divestiture of Atmus (Note 14) (1,490)         (1,532) 61 (1,471) (19)  
Other shareholder transactions 15     46   2   48 (33)  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2024   0                
BALANCE AT END OF PERIOD at Sep. 30, 2024 $ 11,341   556 2,056 20,660 (10,783) (2,174) 10,315 1,026  
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.82                  
Redeemable noncontrolling interests (Note 15) at Jun. 30, 2024   0                
BALANCE AT BEGINNING OF PERIOD at Jun. 30, 2024 $ 10,576   556 2,026 20,101 (10,797) (2,335) 9,551 1,025  
Increase (Decrease) in Shareholders' Equity                    
CONSOLIDATED NET INCOME 843       809     809 34 $ 843
Other Comprehensive Income, Other, Net of Tax 163           161 161 2  
Issuance of common stock 7     7       7    
Cash dividends on common stock (250)       (250)     (250)    
Distributions to noncontrolling interests (35)               (35)  
Share-based awards 15     2   13   15    
Other shareholder transactions 22     21   1   22 0  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2024   $ 0                
BALANCE AT END OF PERIOD at Sep. 30, 2024 $ 11,341   $ 556 $ 2,056 $ 20,660 $ (10,783) $ (2,174) $ 10,315 $ 1,026