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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- DOCUMENT COVER Document
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

COMMITMENTS AND CONTINGENCIES (Details)

v3.22.2.2

COMMITMENTS AND CONTINGENCIES (Details) € in Millions, $ in Millions	3 Months Ended			9 Months Ended	18 Months Ended	48 Months Ended
	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	Sep. 30, 2022 USD ($)	Jul. 01, 2018 USD ($)	Dec. 31, 2020 USD ($)	Sep. 30, 2022 EUR (€)
Guarantee Obligations
Provision for product campaigns issued	$ 29	$ 30	$ 20		$ 410	$ 430
Guarantor obligations, maximum potential loss	48			$ 48
Long-term purchase commitment, penalty exposure	138			138
Total commitments under commodity contracts	42			42
Performance Bonds and Other Performance Guarantees	118			118
Maximum Limit for Sale of Eligible Receivables	279			279			€ 210
Utilization of Accounts Receivable Factoring Facility Under Arrangement	235			235			164
Proceeds from Receivables Sold	108
Costs Associated with Off Balance Sheet Factoring Arrangements	1
Swedish Factoring Facility
Guarantee Obligations
Maximum Limit for Sale of Eligible Receivables	151			151			155
Utilization of Accounts Receivable Factoring Facility Under Arrangement	139			139			144
U.S. Factoring Facility
Guarantee Obligations
Maximum Limit for Sale of Eligible Receivables	75			75
Utilization of Accounts Receivable Factoring Facility Under Arrangement	76			76			0
U.K. Factoring Facility
Guarantee Obligations
Maximum Limit for Sale of Eligible Receivables	24			24			25
Utilization of Accounts Receivable Factoring Facility Under Arrangement	2			2			2
Italy Factoring Facility
Guarantee Obligations
Maximum Limit for Sale of Eligible Receivables	29			29			30
Utilization of Accounts Receivable Factoring Facility Under Arrangement	11			11			11
Other Factoring Facility
Guarantee Obligations
Utilization of Accounts Receivable Factoring Facility Under Arrangement	$ 7			$ 7			€ 7
Maximum
Guarantee Obligations
Forward Contract, Term				two years

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