Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Redeemable Noncontrolling Interest
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Total Cummins Inc. Shareholders' Equity
Noncontrolling Interests
us-gaap_Net Income in Total Equity Excluding Noncontrolling Interest Amount
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.45                  
Redeemable noncontrolling interests (Note 12) at Dec. 31, 2021   $ 366                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2021 $ 9,035   $ 556 $ 1,543 $ 16,741 $ (9,123) $ (1,571) $ 8,146 $ 889  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest   (4)                
CONSOLIDATED NET INCOME 423       418     418 9 $ 427
Other comprehensive income (loss), net of tax (Note 13) 48           56 56 (8)  
Repurchases of common stock (311)       (311) (311)    
Cash dividends on common stock (207)       (207)     (207)    
Distributions to noncontrolling interests (14)               (14)  
Share-based awards 9     (9)   18 9    
Fair value adjustment of redeemable noncontrolling interests (30) 30   (30)       (30)    
Other shareholder transactions 14     (7)   4   (3) 17  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2022   392                
BALANCE AT END OF PERIOD at Mar. 31, 2022 $ 8,971   556 1,497 16,952 (9,412) (1,515) 8,078 893  
Statement of Stockholders' Equity [Abstract]                    
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 1.57                  
Redeemable noncontrolling interests (Note 12) at Dec. 31, 2022 $ 258 258                
BALANCE AT BEGINNING OF PERIOD at Dec. 31, 2022 9,967   556 1,687 18,037 (9,415) (1,890) 8,975 992  
Increase (Decrease) in Shareholders' Equity                    
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest   (8)                
CONSOLIDATED NET INCOME 806       790     790 24 $ 814
Other comprehensive income (loss), net of tax (Note 13) 70           67 67 3  
Cash dividends on common stock (222)       (222)     (222)    
Distributions to noncontrolling interests (22)               (22)  
Share-based awards 20     (5)   25 20    
Fair value adjustment of redeemable noncontrolling interests (11) 11   (11)       (11)    
Other shareholder transactions 4     3   1   4 0  
Balance at End of Period Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2023 261 $ 261                
BALANCE AT END OF PERIOD at Mar. 31, 2023 $ 10,620   $ 556 $ 1,674 $ 18,605 $ (9,389) $ (1,823) $ 9,623 $ 997