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	9 Months Ended			0 Months Ended			12 Months Ended		0 Months Ended			0 Months Ended	12 Months Ended			0 Months Ended			3 Months Ended	12 Months Ended		0 Months Ended			12 Months Ended		0 Months Ended				12 Months Ended
	Sep. 28, 2014	Sep. 29, 2013	Dec. 31, 2013	Sep. 16, 2013 Minimum	Sep. 16, 2013 Maximum	Aug. 04, 2014 Cummins Eastern Canada LP	Dec. 31, 2013 Cummins Eastern Canada LP	Aug. 04, 2014 Cummins Eastern Canada LP	Mar. 31, 2014 Cummins Eastern Canada LP Customer Maximum	May 05, 2014 Cummins Power Systems LLC	May 05, 2014 Cummins Power Systems LLC	Mar. 31, 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 Maximum	Mar. 31, 2014 Cummins Southern Plains LLC Customer Minimum	Mar. 31, 2014 Cummins Southern Plains LLC Customer Maximum	Feb. 14, 2014 Cummins Mid-South LLC	Jun. 29, 2014 Cummins Mid-South LLC	Dec. 31, 2013 Cummins Mid-South LLC	Feb. 14, 2014 Cummins Mid-South LLC	Feb. 14, 2014 Cummins Mid-South LLC Customer Minimum	Feb. 14, 2014 Cummins Mid-South LLC Customer Maximum	May 31, 2013 Cummins Rocky Mountain LLC	Dec. 31, 2012 Cummins Rocky Mountain LLC	May 31, 2013 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	Dec. 31, 2012 Cummins Northwest	Jul. 31, 2013 Cummins Northwest	Jan. 31, 2013 Cummins Northwest
Business Acquisition
Acquisition period for North American Distributors				3 years	5 years
Remaining interest acquired (as a percent)								50.00%			30.00%			50.00%							62.20%					67.00%						20.01%	50.00%
Cash paid for business acquisition						$ 22				$ 14		$ 42						$ 32						$ 62
Cash consideration paid to creditors to eliminate all debt related to the acquired entity								32						48							61					74
Additional Cash Paid to Acquire Business																			23
Purchase price distributed in future quarters								8
Gain on remeasurement of pre-existing ownership interest in the acquiree company	38	12				18						13						6	1					5						7
Ownership interest in the acquiree company, immediately prior to acquisition (as a percent)								50.00%						50.00%							37.80%					33.00%							50.00%
Net sales prior to acquisition							228						433							368					384						137
Weighted average amortization life									1 year							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		461					5							1						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						$ 62						$ 92						$ 118						$ 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%