Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 29, 2015
Mar. 30, 2014
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