Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 2.50  
Common stock, shares authorized 500.0  
Common stock, shares issued 222.5 222.5
Treasury Stock, Common, Shares 84.7 85.1
Current assets    
Cash and cash equivalents $ 2,319 $ 1,671
Marketable securities (Note 6) 755 593
Total cash, cash equivalents and marketable securities 3,074 2,264
Accounts and notes receivable, net 5,874 5,181
Inventories (Note 7) 6,287 5,742
Prepaid expenses and other current assets 1,698 1,565
Total current assets 16,933 14,752
Long-term assets    
Property, plant and equipment 12,341 11,796
Accumulated depreciation (5,801) (5,440)
Property, plant and equipment, net 6,540 6,356
Investments and advances related to equity method investees 2,018 1,889
Goodwill 2,433 2,370
Other intangible assets, net 2,395 2,351
Pension assets 1,158 1,189
Other assets (Note 8) 2,782 2,633
Total assets 34,259 31,540
Current liabilities    
Accounts payable (principally trade) 4,151 3,951
Loans payable (Note 9) 336 356
Commercial paper (Note 9) 353 1,259
Current maturities of long-term debt (Note 9) 615 660
Accrued compensation, benefits and retirement costs 657 1,084
Current portion of accrued product warranty (Note 10) 657 679
Current portion of deferred revenue (Note 2) 1,620 1,347
Other accrued expenses (Note 8) 1,926 1,898
Total current liabilities 10,315 11,234
Long-term liabilities    
Long-term debt (Note 9) 6,807 4,784
Deferred revenue (Note 2) 1,059 1,065
Other liabilities (Note 8) 3,205 3,149
Total liabilities 21,386 20,232
Commitments and contingencies (Note 11)
Cummins Inc. shareholders' equity    
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued 2,624 2,636
Retained earnings 22,040 20,828
Treasury stock, at cost, 84.7 and 85.1 shares (10,708) (10,748)
Accumulated other comprehensive loss (Note 12) (2,167) (2,445)
Total Cummins Inc. shareholders' equity 11,789 10,271
Noncontrolling interests 1,084 1,037
Total equity 12,873 11,308
Total Liabilities and Equity $ 34,259 $ 31,540