Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.8.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total Cummins Inc. Shareholders' Equity
Common Stock
Additional paid-in Capital
Retained Earnings
Treasury Stock
Common Stock Held in Trust
Accumulated Other Comprehensive Loss
Noncontrolling interests
BALANCE, AT THE BEGINNING OF THE PERIOD at Dec. 31, 2014 $ 8,093 $ 7,749 $ 556 $ 1,583 $ 9,545 $ (2,844) $ (13) $ (1,078) $ 344
Increase (Decrease) in Shareholders' Equity                  
Net income 1,470 1,399     1,399       71
Other comprehensive income (loss), net of tax (Note 14) (285) (270)           (270) (15)
Issuance of common stock 9 9   9          
Employee benefits trust activity (Note 13) 27 27   25     2    
Repurchases of common stock (Note 13) (900) (900)       (900)      
Cash dividends on common stock (Note 13) (622) (622)     (622)        
Distributions to noncontrolling interests (49)               (49)
Stock based awards 5 5   (4)   9      
Acquisition of noncontrolling interests (Note 18) (10) (3)   (3)         (7)
Other shareholder transactions 12 12   12         0
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2015 7,750 7,406 556 1,622 10,322 (3,735) (11) (1,348) 344
Increase (Decrease) in Shareholders' Equity                  
Net income 1,456 1,394     1,394       62
Other comprehensive income (loss), net of tax (Note 14) (490) (473)           (473) (17)
Issuance of common stock 6 6   6          
Employee benefits trust activity (Note 13) 26 26   23     3    
Repurchases of common stock (Note 13) (778) (778)       (778)      
Cash dividends on common stock (Note 13) (676) (676)     (676)        
Distributions to noncontrolling interests (65)               (65)
Stock based awards 19 19   (5)   24      
Acquisition of noncontrolling interests (Note 18) (98) (73)   (73)         (25)
Other shareholder transactions 24 (24)   24         0
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2016 7,174 6,875 556 1,597 11,040 (4,489) (8) (1,821) 299
Increase (Decrease) in Shareholders' Equity                  
Impact of tax legislation (Note 2) 126 126     126        
Net income 994 999     999       (5)
Other comprehensive income (loss), net of tax (Note 14) 338 318           318 20
Issuance of common stock 6 6   6          
Employee benefits trust activity (Note 13) 18 18   17     1    
Repurchases of common stock (Note 13) (451) (451)       (451)      
Cash dividends on common stock (Note 13) (701) (701)     (701)        
Distributions to noncontrolling interests (29)               (29)
Stock based awards 38 38   3   35      
Acquisition of business (Note 18) 600               600
Other shareholder transactions 51 31   31         20
BALANCE, AT THE END OF THE PERIOD at Dec. 31, 2017 $ 8,164 $ 7,259 $ 556 $ 1,654 $ 11,464 $ (4,905) $ (7) $ (1,503) $ 905