Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
NET SALES (Notes 1 and 2) $ 9,457 $ 8,643 $ 17,855 $ 16,817
Cost of sales 6,992 6,362 13,147 12,381
GROSS MARGIN 2,465 2,281 4,708 4,436
OPERATING EXPENSES AND INCOME        
Selling, general and administrative expenses 893 779 1,738 1,550
Research, development and engineering expenses 385 357 743 701
Equity, royalty and interest income from investees (Note 4) 154 118 302 249
Other operating expense, net (Note 14) 62 37 301 74
OPERATING INCOME 1,279 1,226 2,228 2,360
Interest expense 80 87 156 164
Other income, net 94 86 155 146
INCOME BEFORE INCOME TAXES 1,293 1,225 2,227 2,342
Income tax expense (Note 5) 325 297 579 564
CONSOLIDATED NET INCOME 968 928 1,648 1,778
Less: Net income attributable to noncontrolling interests 36 38 62 64
NET INCOME ATTRIBUTABLE TO CUMMINS INC. $ 932 $ 890 $ 1,586 $ 1,714
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.        
Basic (in dollars per share) $ 6.76 $ 6.46 $ 11.48 $ 12.45
Diluted (in dollars per share) $ 6.73 $ 6.43 $ 11.44 $ 12.38
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 137.9 137.8 138.1 137.7
Dilutive effect of stock compensation awards (in shares) 0.6 0.7 0.5 0.7
Diluted (in shares) 138.5 138.5 138.6 138.4