Quarterly report pursuant to Section 13 or 15(d)

EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES (Tables)

v3.23.1
EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES (Tables)
 3 Months Ended
Mar. 31, 2023
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 period was as follows:
Three months ended
  March 31,
In millions 2023 2022
Manufacturing entities
Dongfeng Cummins Engine Company, Ltd. $ 19  $ 16 
Beijing Foton Cummins Engine Co., Ltd. 16  14 
Chongqing Cummins Engine Company, Ltd. 9  9 
Tata Cummins, Ltd. 8  9 
All other manufacturers 19  (10)
(1)
Distribution entities
Komatsu Cummins Chile, Ltda. 14  7 
All other distributors 3  2 
Cummins share of net income 88  47 
Royalty and interest income 31  49 
Equity, royalty and interest income from investees $ 119  $ 96 
(1) Includes a $28 million impairment of our joint venture with KAMAZ and $3 million of royalty charges as part of our costs associated with the suspension of our Russian operations. See NOTE 15, "RUSSIAN OPERATIONS," to our Condensed Consolidated Financial Statements for additional information.