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

PRODUCT WARRANTY LIABILITY (Details 1) Warranty Liability Reconciliation, Warranty Related to Deferred Revenues

v3.25.0.1

PRODUCT WARRANTY LIABILITY (Details 1) Warranty Liability Reconciliation, Warranty Related to Deferred Revenues - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Product Warranty Liability:
Balance, beginning of year	$ 2,497	$ 2,477	$ 2,425
Provision for warranties issued	641	602	515
Deferred revenue on extended warranty contracts sold	343	350	287
Provision for product campaigns issued	65	28	141
Payments made during period	(704)	(705)	(596)
Amortization of deferred revenue on extended warranty contracts	(297)	(300)	(298)
Changes in estimates for pre-existing warranties	99	37	(128)
Acquisitions	0	0	147
Foreign currency translation adjustments and other	(21)	8	(16)
Balance, end of period	2,623	2,497	2,477
Product Warranty Liability [Line Items]
Product Liability Contingency, Third Party Recovery	54	36	$ 39
Current portion of deferred revenue	1,347	1,220
Long-term portion of deferred revenue	1,065	966
Deferred revenue related to extended coverage	1,101	1,053
Current portion of accrued product warranty	679	667
Long-term portion of accrued product warranty	843	777
Standard Product Warranty Accrual	1,522	1,444
Current portion of deferred revenue
Product Warranty Liability [Line Items]
Current portion of deferred revenue	286	279
Deferred revenue
Product Warranty Liability [Line Items]
Long-term portion of deferred revenue	815	774
Current portion of accrued product warranty
Product Warranty Liability [Line Items]
Current portion of accrued product warranty	679	667
Other Liabilities
Product Warranty Liability [Line Items]
Long-term portion of accrued product warranty	$ 843	$ 777

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