Cummins Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DIVESTITURES (Details)

ACQUISITIONS AND DIVESTITURES (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended			0 Months Ended				3 Months Ended	12 Months Ended			0 Months Ended			3 Months Ended		12 Months Ended	0 Months Ended			3 Months Ended	12 Months Ended		0 Months Ended			1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Dec. 31, 2013	Sep. 17, 2013 North American Distributors Minimum	Sep. 17, 2013 North American Distributors Maximum	May 05, 2014 Cummins Power Systems LLC	Apr. 01, 2014 Cummins Southern Plains LLC	Jun. 29, 2014 Cummins Southern Plains LLC	Dec. 31, 2013 Cummins Southern Plains LLC	Mar. 31, 2014 Cummins Southern Plains LLC	Mar. 31, 2014 Cummins Southern Plains LLC Minimum	Apr. 01, 2014 Cummins Southern Plains LLC Customer Minimum	Apr. 01, 2014 Cummins Southern Plains LLC Customer Maximum	Feb. 14, 2014 Cummins Mid-South LLC	Jun. 29, 2014 Cummins Mid-South LLC	Mar. 30, 2014 Cummins Mid-South LLC	Dec. 31, 2013 Cummins Mid-South LLC	Apr. 01, 2014 Cummins Mid-South LLC Customer Minimum	Apr. 01, 2014 Cummins Mid-South LLC Customer Maximum	May 31, 2013 Cummins Rocky Mountain LLC	Jun. 30, 2013 Cummins Rocky Mountain LLC	Dec. 31, 2013 Cummins Rocky Mountain LLC	Dec. 31, 2012 Cummins Rocky Mountain LLC	May 31, 2013 Cummins Rocky Mountain LLC Customer Minimum	May 31, 2013 Cummins Rocky Mountain LLC Customer Maximum	Jul. 31, 2013 Cummins Northwest	Jan. 31, 2013 Cummins Northwest	Mar. 31, 2013 Cummins Northwest	Dec. 31, 2012 Cummins Northwest
Business Acquisition
Acquisition period for North American Distributors						3 years	5 years
Remaining interest acquired (as a percent)								30.00%				50.00%				62.20%						67.00%						20.01%	50.00%
Cash paid for business acquisition								$ 14	$ 41							$ 32						$ 62
Cash consideration paid to creditors to eliminate all debt related to the acquired entity												48				61						74
Additional Cash Paid to Acquire Business																21
Purchase price distributed in future quarters												3				4						14
Gain on remeasurement of pre-existing ownership interest in the acquiree company	14	5	20	12						13							1	6					5							7
Ownership interest in the acquiree company, immediately prior to acquisition (as a percent)												50.00%				37.80%						33.00%							50.00%
Net sales prior to acquisition											433								368						384						137
Business Combination, Deferred Purchase Price Distributed																								13
Weighted average amortization life														1 year	5 years					1 year	5 years					1 year	4 years
The preliminary purchase price allocation, subject to finalization, was as follows:
Accounts receivable										63							71							48
Inventory										59							70							100
Fixed assets										47							37							34
Intangible assets										11							8							8
Goodwill	465		465		461								1			4	4							10					3
Other current assets										9							10							8
Current liabilities										(53)							(43)							(41)
Noncurrent Liabilities																	(4)
Total business valuation										136							153							167
Pre-existing ownership fair value										(44)								(35)						(31)
Consideration transferred									$ 92	$ 92						$ 118		$ 118				$ 136		$ 136				$ 4	$ 18
Other information
Ownership in partnership formed, post acquisition (as a percent)																													79.99%
Third party ownership in partnership formed, post acquisition (as a percent)																													20.01%