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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified |
Mar. 29, 2015
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Dec. 31, 2014
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| Current assets | ||
| Cash and cash equivalents | $ 1,997us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 2,301us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Marketable securities (Note 6) | 115us-gaap_AvailableForSaleSecurities | 93us-gaap_AvailableForSaleSecurities |
| Total cash, cash equivalents and marketable securities | 2,112us-gaap_CashCashEquivalentsAndShortTermInvestments | 2,394us-gaap_CashCashEquivalentsAndShortTermInvestments |
| Accounts and notes receivable, net | 2,930us-gaap_AccountsNotesAndLoansReceivableNetCurrent | 2,744us-gaap_AccountsNotesAndLoansReceivableNetCurrent |
| Due from Related Parties, Current | 310us-gaap_DueFromRelatedPartiesCurrent | 202us-gaap_DueFromRelatedPartiesCurrent |
| Inventories (Note 7) | 2,936us-gaap_InventoryNet | 2,866us-gaap_InventoryNet |
| Prepaid expenses and other current assets | 712us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 849us-gaap_PrepaidExpenseAndOtherAssetsCurrent |
| Total current assets | 9,000us-gaap_AssetsCurrent | 9,055us-gaap_AssetsCurrent |
| Long-term assets | ||
| Property, plant and equipment | 7,046us-gaap_PropertyPlantAndEquipmentGross | 7,123us-gaap_PropertyPlantAndEquipmentGross |
| Accumulated depreciation | (3,409)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | (3,437)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
| Property, plant and equipment, net | 3,637us-gaap_PropertyPlantAndEquipmentNet | 3,686us-gaap_PropertyPlantAndEquipmentNet |
| Investments and advances related to equity method investees | 968us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures | 981us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures |
| Goodwill | 470us-gaap_Goodwill | 479us-gaap_Goodwill |
| Other intangible assets, net | 340us-gaap_IntangibleAssetsNetExcludingGoodwill | 343us-gaap_IntangibleAssetsNetExcludingGoodwill |
| Prepaid pensions | 714us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent | 637us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent |
| Other assets | 607us-gaap_OtherAssetsNoncurrent | 595us-gaap_OtherAssetsNoncurrent |
| Total assets | 15,736us-gaap_Assets | 15,776us-gaap_Assets |
| Current liabilities | ||
| Loans payable | 71us-gaap_ShortTermBorrowings | 86us-gaap_ShortTermBorrowings |
| Accounts payable (principally trade) | 2,013us-gaap_AccountsPayableCurrent | 1,881us-gaap_AccountsPayableCurrent |
| Current maturities of long-term debt (Note 8) | 33us-gaap_DebtCurrent | 23us-gaap_DebtCurrent |
| Current portion of accrued product warranty (Note 9) | 379us-gaap_ProductWarrantyAccrualClassifiedCurrent | 363us-gaap_ProductWarrantyAccrualClassifiedCurrent |
| Accrued compensation, benefits and retirement costs | 390us-gaap_EmployeeRelatedLiabilitiesCurrent | 508us-gaap_EmployeeRelatedLiabilitiesCurrent |
| Deferred revenue | 393us-gaap_DeferredRevenueCurrent | 401us-gaap_DeferredRevenueCurrent |
| Other accrued expenses | 778us-gaap_OtherAccruedLiabilitiesCurrent | 759us-gaap_OtherAccruedLiabilitiesCurrent |
| Total current liabilities | 4,057us-gaap_LiabilitiesCurrent | 4,021us-gaap_LiabilitiesCurrent |
| Long-term liabilities | ||
| Long-term debt (Note 8) | 1,602us-gaap_LongTermDebtAndCapitalLeaseObligations | 1,589us-gaap_LongTermDebtAndCapitalLeaseObligations |
| Pensions | 290us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent | 289us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent |
| Postretirement benefits other than pensions | 359us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent | 369us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent |
| Other liabilities and deferred revenue | 1,359us-gaap_OtherLiabilitiesAndDeferredRevenueNoncurrent | 1,415us-gaap_OtherLiabilitiesAndDeferredRevenueNoncurrent |
| Total liabilities | 7,667us-gaap_Liabilities | 7,683us-gaap_Liabilities |
| Cummins Inc. shareholders' equity | ||
| Common stock, $2.50 par value, 500 shares authorized, 222.3 and 222.3 shares issued | 2,146us-gaap_CommonStockValue | 2,139us-gaap_CommonStockValue |
| Retained earnings | 9,792us-gaap_RetainedEarningsAccumulatedDeficit | 9,545us-gaap_RetainedEarningsAccumulatedDeficit |
| Treasury stock, at cost, 41.0 and 40.1 shares | (2,975)us-gaap_TreasuryStockValue | (2,844)us-gaap_TreasuryStockValue |
| Common stock held by employee benefits trust, at cost, 1.0 and 1.1 shares | (12)us-gaap_CommonStockIssuedEmployeeStockTrust | (13)us-gaap_CommonStockIssuedEmployeeStockTrust |
| Accumulated other comprehensive loss (Note 11) | ||
| Total accumulated other comprehensive loss | (1,245)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | (1,078)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
| Total Cummins Inc. shareholders' equity | 7,706us-gaap_StockholdersEquity | 7,749us-gaap_StockholdersEquity |
| Noncontrolling interests | 363us-gaap_MinorityInterest | 344us-gaap_MinorityInterest |
| Total equity | 8,069us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 8,093us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
| Total liabilities and equity | $ 15,736us-gaap_LiabilitiesAndStockholdersEquity | $ 15,776us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of common stock issued to a trust (for example, a 'rabbi trust') set up specifically to accumulate stock for the sole purpose of distribution to participating employees. This trust does not allow employees to immediately or after a holding period diversify into nonemployer securities. The deferred compensation plan for which this trust is set up must be settled by the delivery of a fixed number of shares of employer stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This represents the noncurrent liability recognized in the balance sheet that is associated with the defined benefit pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations and noncurrent portion of deferred revenue not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. No definition available.
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- Definition
This represents the noncurrent liability recognized in the balance sheet that is associated with other postretirement defined benefit plans (excluding pension plans). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. For classified balance sheets, represents the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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