Quarterly report pursuant to Section 13 or 15(d)

EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES (Tables)

v3.21.2
EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES (Tables)
9 Months Ended
Oct. 03, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity, royalty and interest income from investees
Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting periods was as follows:
  Three months ended Nine months ended
In millions October 3,
2021
September 27,
2020
October 3,
2021
September 27,
2020
Manufacturing entities
Beijing Foton Cummins Engine Co., Ltd. $ 23  $ 30  $ 108  $ 81 
Dongfeng Cummins Engine Company, Ltd. 11  20  63  54 
Chongqing Cummins Engine Company, Ltd. 8  28  27 
All other manufacturers 27 

22 
(1)
117  100 
(1)(2)
Distribution entities
Komatsu Cummins Chile, Ltda. 8  23  23 
All other distributors 2  6 
Cummins share of net income 79  86  345  286 
Royalty and interest income 15  12  52  56 
Equity, royalty and interest income from investees $ 94  $ 98  $ 397  $ 342 
(1) Includes impairment charges of $10 million and $13 million for the three and nine months ended September 27, 2020, respectively, for a joint venture in the Power Systems segment.
(2) Includes $37 million in favorable adjustments related to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Change) passed in March 2020.