Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

v3.7.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Apr. 02, 2017
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
NOTE 10. ACCUMULATED OTHER COMPREHENSIVE LOSS
Following are the changes in accumulated other comprehensive income (loss) by component:
 
 
Three months ended
In millions
 
Change in
pensions and
other
postretirement
defined benefit
plans
 
Foreign
currency
translation
adjustment
 
Unrealized gain
(loss) on
marketable
securities
 
Unrealized gain
(loss) on
derivatives
 
Total
attributable to
Cummins Inc.
 
Noncontrolling
interests
 
Total other comprehensive income (loss)
Balance at December 31, 2015
 
$
(654
)
 
$
(696
)
 
$
(2
)
 
$
4

 
$
(1,348
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
—

 
(58
)
 
—

 
(26
)
 
(84
)
 
$
—

 
$
(84
)
Tax benefit (expense)
 
—

 
1

 
—

 
4

 
5

 
—

 
5

After tax amount
 
—

 
(57
)
 
—

 
(22
)
 
(79
)
 
—

 
(79
)
Amounts reclassified from accumulated other comprehensive loss(1)(2)
 
9

 
—

 
—

 
1

 
10

 
—

 
10

Net current period other comprehensive income (loss)
 
9

 
(57
)
 
—

 
(21
)
 
(69
)
 
$
—

 
$
(69
)
Balance at April 3, 2016
 
$
(645
)
 
$
(753
)
 
$
(2
)
 
$
(17
)
 
$
(1,417
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
$
(685
)
 
$
(1,127
)
 
$
(1
)
 
$
(8
)
 
$
(1,821
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
8

 
75

 
1

 
(6
)
 
78

 
$
13

 
$
91

Tax benefit (expense)
 
(3
)
 
(8
)
 
—

 
2

 
(9
)
 
—

 
(9
)
After tax amount
 
5

 
67

 
1

 
(4
)
 
69

 
13

 
82

Amounts reclassified from accumulated other comprehensive loss(1)(2)
 
16

 
—

 
(1
)
 
5

 
20

 
—

 
20

Net current period other comprehensive income (loss)
 
21

 
67

 
—

 
1

 
89

 
$
13

 
$
102

Balance at April 2, 2017
 
$
(664
)
 
$
(1,060
)
 
$
(1
)
 
$
(7
)
 
$
(1,732
)
 
 

 
 

____________________________________
(1) Amounts are net of tax.  
(2) Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.