Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details)

v3.24.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Balance at the beginning of the period     $ (2,206)  
Before tax amount $ 142 $ (126) (50) $ (159)
Tax benefit (expense) 22 (11) 18 (3)
After tax amount 164 (137) (32) (162)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (1) (4) (61) 5
Net current period other comprehensive (loss) income 163 (141) 29 (167)
Balance at the end of the period (2,174)   (2,174)  
Change in pension and OPEB plans        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Balance at the beginning of the period (848) (434) (848) (427)
Before tax amount 1 1 (14) (12)
Tax benefit (expense) 0 0 3 2
After tax amount 1 1 (11) (10)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 4 2 16 6
Net current period other comprehensive (loss) income 5 3 5 (4)
Balance at the end of the period (843) (431) (843) (431)
Foreign currency translation adjustment        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Balance at the beginning of the period (1,595) (1,581) (1,457) (1,552)
Before tax amount 142 (154) (56) (190)
Tax benefit (expense) 21 (2) 20 5
After tax amount 163 (156) (36) (185)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0 61 0
Net current period other comprehensive (loss) income 163 (156) 25 (185)
Balance at the end of the period (1,432) (1,737) (1,432) (1,737)
Unrealized gain (loss) on derivatives        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Balance at the beginning of the period 108 98 99 89
Before tax amount (3) 34 23 49
Tax benefit (expense) 1 (9) (5) (10)
After tax amount (2) 25 18 39
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (5) (6) (16) (11)
Net current period other comprehensive (loss) income (7) 19 2 28
Balance at the end of the period 101 117 101 117
Total attributable to Cummins Inc.        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Balance at the beginning of the period (2,335) (1,917) (2,206) (1,890)
Before tax amount 140 (119) (47) (153)
Tax benefit (expense) 22 (11) 18 (3)
After tax amount 162 (130) (29) (156)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (1) (4) (61) 5
Net current period other comprehensive (loss) income 161 (134) 32 (161)
Balance at the end of the period (2,174) (2,051) (2,174) (2,051)
Noncontrolling interests        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Before tax amount 2 (7) (3) (6)
Tax benefit (expense) 0   0 0
After tax amount 2 (7) (3) (6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0   0 0
Net current period other comprehensive (loss) income $ 2 $ (7) $ (3) $ (6)