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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 29, 2015
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Mar. 30, 2014
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Consolidated net income | $ 404us-gaap_ProfitLoss | $ 358us-gaap_ProfitLoss |
| Adjustments to reconcile consolidated net income to net cash provided by operating activities | ||
| Depreciation and amortization | 128us-gaap_DepreciationDepletionAndAmortization | 105us-gaap_DepreciationDepletionAndAmortization |
| Deferred income taxes | (1)us-gaap_DeferredIncomeTaxesAndTaxCredits | 22us-gaap_DeferredIncomeTaxesAndTaxCredits |
| Equity in income of investees, net of dividends | (53)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions | (52)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions |
| Pension contributions in excess of expense | (96)cmi_PensionContributionsExpenseNet | (100)cmi_PensionContributionsExpenseNet |
| Other post-retirement benefits payments in excess of expense | (8)cmi_OtherPostRetirementBenefitPaymentsinExcessofExpense | (8)cmi_OtherPostRetirementBenefitPaymentsinExcessofExpense |
| Stock-based compensation expense | 5us-gaap_ShareBasedCompensation | 10us-gaap_ShareBasedCompensation |
| Translation and hedging activities | 7cmi_UnrealizedGainLossOnTranslationAndHedgingActivities | (3)cmi_UnrealizedGainLossOnTranslationAndHedgingActivities |
| Changes in current assets and liabilities, net of acquisitions | ||
| Accounts and notes receivable | (276)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable | (232)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable |
| Inventories | (98)us-gaap_IncreaseDecreaseInInventories | (135)us-gaap_IncreaseDecreaseInInventories |
| Other current assets | 20us-gaap_IncreaseDecreaseInOtherOperatingAssets | 2us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable | 147us-gaap_IncreaseDecreaseInAccountsPayable | 302us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses | (35)us-gaap_IncreaseDecreaseInAccruedLiabilities | (95)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Changes in other liabilities and deferred revenue | 59us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet | 50us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet |
| Other, net | (30)us-gaap_OtherNoncashIncomeExpense | 39us-gaap_OtherNoncashIncomeExpense |
| Net cash provided by operating activities | 173us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 263us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (100)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (107)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investments in internal use software | (8)us-gaap_PaymentsToDevelopSoftware | (14)us-gaap_PaymentsToDevelopSoftware |
| Investments in and advances to equity investees | 10us-gaap_PaymentsToAcquireEquityMethodInvestments | (6)us-gaap_PaymentsToAcquireEquityMethodInvestments |
| Acquisitions of businesses, net of cash acquired | (11)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (90)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Investments in marketable securities—acquisitions (Note 6) | (95)us-gaap_PaymentsToAcquireMarketableSecurities | (84)us-gaap_PaymentsToAcquireMarketableSecurities |
| Investments in marketable securities—liquidations (Note 6) | 71us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | 108us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities |
| Cash flows from derivatives not designated as hedges | 4us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities | 5us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities |
| Other, net | 4us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 1us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (125)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (187)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings | 2us-gaap_ProceedsFromIssuanceOfLongTermDebt | 7us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Payments on borrowings and capital lease obligations | (18)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities | (25)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
| Distributions to noncontrolling interests | (1)us-gaap_PaymentsToMinorityShareholders | (13)us-gaap_PaymentsToMinorityShareholders |
| Dividend payments on common stock | (140)us-gaap_PaymentsOfDividends | (115)us-gaap_PaymentsOfDividends |
| Repurchases of common stock | (137)us-gaap_PaymentsForRepurchaseOfCommonStock | (419)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Other, net | (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (37)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash used in financing activities | (296)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (602)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (56)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 5us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net decrease in cash and cash equivalents | (304)us-gaap_NetCashProvidedByUsedInContinuingOperations | (521)us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents at beginning of year | 2,301us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,699us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 1,997us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 2,178us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Other Post Retirement Benefit Payments in Excess of Expense No definition available.
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| X | ||||||||||
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- Definition
The amount of cash or cash equivalents contributed by the entity to fund its pension plans net of the amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain or loss on plan assets, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period. No definition available.
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- Definition
The (increase) decrease in the market value of derivative instruments, including options, swaps, futures, and forward contracts, which were included in earnings in the period (Derivatives) combined with the aggregate unrealized foreign currency transaction gain or loss (pretax) included in determining net income for the reporting period. Represents the aggregate of gains and losses on transactions that are unsettled as of the balance sheet date, which is therefore an adjustment to reconcile income (loss) from continuing operations to net cash provided by (used in) continuing operations. (Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements.) (Foreign Currency) No definition available.
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- Details
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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
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets less other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments. No definition available.
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with security instruments that either represent a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes repayments of (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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