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FinCL-eval-v2

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<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3750
monetaryItemType
table: <entity> 3750 </entity> <entity type> monetaryItemType </entity type> <context> OPERATING INCOME | 3,750 | 1,761 | 2,929 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1761
monetaryItemType
table: <entity> 1761 </entity> <entity type> monetaryItemType </entity type> <context> OPERATING INCOME | 3,750 | 1,761 | 2,929 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2929
monetaryItemType
table: <entity> 2929 </entity> <entity type> monetaryItemType </entity type> <context> OPERATING INCOME | 3,750 | 1,761 | 2,929 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
370
monetaryItemType
table: <entity> 370 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 370 | 375 | 199 </context>
us-gaap:InterestExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
375
monetaryItemType
table: <entity> 375 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 370 | 375 | 199 </context>
us-gaap:InterestExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
199
monetaryItemType
table: <entity> 199 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 370 | 375 | 199 </context>
us-gaap:InterestExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1523
monetaryItemType
table: <entity> 1523 </entity> <entity type> monetaryItemType </entity type> <context> Other income, net (Note 21) | 1,523 | 240 | 89 </context>
us-gaap:OtherNonoperatingIncomeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
240
monetaryItemType
table: <entity> 240 </entity> <entity type> monetaryItemType </entity type> <context> Other income, net (Note 21) | 1,523 | 240 | 89 </context>
us-gaap:OtherNonoperatingIncomeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
89
monetaryItemType
table: <entity> 89 </entity> <entity type> monetaryItemType </entity type> <context> Other income, net (Note 21) | 1,523 | 240 | 89 </context>
us-gaap:OtherNonoperatingIncomeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
4903
monetaryItemType
table: <entity> 4903 </entity> <entity type> monetaryItemType </entity type> <context> INCOME BEFORE INCOME TAXES | 4,903 | 1,626 | 2,819 </context>
us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1626
monetaryItemType
table: <entity> 1626 </entity> <entity type> monetaryItemType </entity type> <context> INCOME BEFORE INCOME TAXES | 4,903 | 1,626 | 2,819 </context>
us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2819
monetaryItemType
table: <entity> 2819 </entity> <entity type> monetaryItemType </entity type> <context> INCOME BEFORE INCOME TAXES | 4,903 | 1,626 | 2,819 </context>
us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
835
monetaryItemType
table: <entity> 835 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense (Note 4) | 835 | 786 | 636 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
786
monetaryItemType
table: <entity> 786 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense (Note 4) | 835 | 786 | 636 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
636
monetaryItemType
table: <entity> 636 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense (Note 4) | 835 | 786 | 636 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
4068
monetaryItemType
table: <entity> 4068 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | 4,068 | 840 | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
840
monetaryItemType
table: <entity> 840 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | 4,068 | 840 | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2183
monetaryItemType
table: <entity> 2183 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | 4,068 | 840 | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
122
monetaryItemType
table: <entity> 122 </entity> <entity type> monetaryItemType </entity type> <context> Less: Net income attributable to noncontrolling interests | 122 | 105 | 32 </context>
us-gaap:NetIncomeLossAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
105
monetaryItemType
table: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> Less: Net income attributable to noncontrolling interests | 122 | 105 | 32 </context>
us-gaap:NetIncomeLossAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
32
monetaryItemType
table: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> Less: Net income attributable to noncontrolling interests | 122 | 105 | 32 </context>
us-gaap:NetIncomeLossAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3946
monetaryItemType
table: <entity> 3946 </entity> <entity type> monetaryItemType </entity type> <context> NET INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,946 | $ | 735 | $ | 2,151 </context>
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
735
monetaryItemType
table: <entity> 735 </entity> <entity type> monetaryItemType </entity type> <context> NET INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,946 | $ | 735 | $ | 2,151 </context>
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2151
monetaryItemType
table: <entity> 2151 </entity> <entity type> monetaryItemType </entity type> <context> NET INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,946 | $ | 735 | $ | 2,151 </context>
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
28.55
perShareItemType
table: <entity> 28.55 </entity> <entity type> perShareItemType </entity type> <context> Basic | $ | 28.55 | $ | 5.19 | $ | 15.20 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
5.19
perShareItemType
table: <entity> 5.19 </entity> <entity type> perShareItemType </entity type> <context> Basic | $ | 28.55 | $ | 5.19 | $ | 15.20 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
15.20
perShareItemType
table: <entity> 15.20 </entity> <entity type> perShareItemType </entity type> <context> Basic | $ | 28.55 | $ | 5.19 | $ | 15.20 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
28.37
perShareItemType
table: <entity> 28.37 </entity> <entity type> perShareItemType </entity type> <context> Diluted | $ | 28.37 | $ | 5.15 | $ | 15.12 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
5.15
perShareItemType
table: <entity> 5.15 </entity> <entity type> perShareItemType </entity type> <context> Diluted | $ | 28.37 | $ | 5.15 | $ | 15.12 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions, except per share amounts</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>NET SALES (Notes 1 and 2) NET SALES (Notes 1 and 2)</td><td></td><td>$</td><td>34,102 </td><td></td><td></td><td>$</td><td>34,065</td><td></td><td></td><td>$</td><td>28,074</td><td></td></tr><tr><td>Cost of sales</td><td></td><td>25,663 </td><td></td><td></td><td>25,816</td><td></td><td></td><td>21,355</td><td></td></tr><tr><td>GROSS MARGIN</td><td></td><td>8,439 </td><td></td><td></td><td>8,249</td><td></td><td></td><td>6,719</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OPERATING EXPENSES AND INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td></td><td>3,275 </td><td></td><td></td><td>3,333</td><td></td><td></td><td>2,687</td><td></td></tr><tr><td>Research, development and engineering expenses</td><td></td><td>1,463 </td><td></td><td></td><td>1,500</td><td></td><td></td><td>1,278</td><td></td></tr><tr><td>Equity, royalty and interest income from investees (Note 3)</td><td></td><td>395 </td><td></td><td></td><td>483</td><td></td><td></td><td>349</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense, net</td><td></td><td>346 </td><td></td><td></td><td>2,138</td><td></td><td></td><td>174</td><td></td></tr><tr><td>OPERATING INCOME</td><td></td><td>3,750 </td><td></td><td></td><td>1,761</td><td></td><td></td><td>2,929</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense</td><td></td><td>370 </td><td></td><td></td><td>375</td><td></td><td></td><td>199</td><td></td></tr><tr><td>Other income, net (Note 21)</td><td></td><td>1,523 </td><td></td><td></td><td>240</td><td></td><td></td><td>89</td><td></td></tr><tr><td>INCOME BEFORE INCOME TAXES</td><td></td><td>4,903 </td><td></td><td></td><td>1,626</td><td></td><td></td><td>2,819</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax expense (Note 4)</td><td></td><td>835 </td><td></td><td></td><td>786</td><td></td><td></td><td>636</td><td></td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>4,068 </td><td></td><td></td><td>840</td><td></td><td></td><td>2,183</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Less: Net income attributable to noncontrolling interests</td><td></td><td>122 </td><td></td><td></td><td>105</td><td></td><td></td><td>32</td><td></td></tr><tr><td>NET INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,946 </td><td></td><td></td><td>$</td><td>735</td><td></td><td></td><td>$</td><td>2,151</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 19)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td>$</td><td>28.55 </td><td></td><td></td><td>$</td><td>5.19</td><td></td><td></td><td>$</td><td>15.20</td><td></td></tr><tr><td>Diluted</td><td></td><td>$</td><td>28.37 </td><td></td><td></td><td>$</td><td>5.15</td><td></td><td></td><td>$</td><td>15.12</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
15.12
perShareItemType
table: <entity> 15.12 </entity> <entity type> perShareItemType </entity type> <context> Diluted | $ | 28.37 | $ | 5.15 | $ | 15.12 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
4068
monetaryItemType
table: <entity> 4068 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | $ | 4,068 | $ | 840 | $ | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
840
monetaryItemType
table: <entity> 840 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | $ | 4,068 | $ | 840 | $ | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
2183
monetaryItemType
table: <entity> 2183 </entity> <entity type> monetaryItemType </entity type> <context> CONSOLIDATED NET INCOME | $ | 4,068 | $ | 840 | $ | 2,183 </context>
us-gaap:ProfitLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
5
monetaryItemType
table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Change in pension and other postretirement defined benefit plans | 5 | ( 421 ) | ( 81 ) </context>
us-gaap:OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
421
monetaryItemType
table: <entity> 421 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
81
monetaryItemType
table: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
276
monetaryItemType
table: <entity> 276 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
92
monetaryItemType
table: <entity> 92 </entity> <entity type> monetaryItemType </entity type> <context> Foreign currency translation adjustments | ( 276 ) | 92 | ( 384 ) </context>
us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
384
monetaryItemType
table: <entity> 384 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
16
monetaryItemType
table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Unrealized gain on derivatives | 16 | 10 | 106 </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
10
monetaryItemType
table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Unrealized gain on derivatives | 16 | 10 | 106 </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
106
monetaryItemType
table: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> Unrealized gain on derivatives | 16 | 10 | 106 </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
255
monetaryItemType
table: <entity> 255 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
319
monetaryItemType
table: <entity> 319 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
359
monetaryItemType
table: <entity> 359 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
3813
monetaryItemType
table: <entity> 3813 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME | 3,813 | 521 | 1,824 </context>
us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
521
monetaryItemType
table: <entity> 521 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME | 3,813 | 521 | 1,824 </context>
us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
1824
monetaryItemType
table: <entity> 1824 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME | 3,813 | 521 | 1,824 </context>
us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
106
monetaryItemType
table: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> Unrealized gain on derivatives | 16 | 10 | 106 </context>
us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
102
monetaryItemType
table: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> Less: Comprehensive income (loss) attributable to noncontrolling interests | 106 | 102 | ( 8 ) </context>
us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
8
monetaryItemType
table: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
3707
monetaryItemType
table: <entity> 3707 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,707 | $ | 419 | $ | 1,832 </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
419
monetaryItemType
table: <entity> 419 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,707 | $ | 419 | $ | 1,832 </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Years ended December 31,</td></tr><tr><td>In millions</td><td></td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>CONSOLIDATED NET INCOME</td><td></td><td>$</td><td>4,068 </td><td></td><td></td><td>$</td><td>840</td><td></td><td></td><td>$</td><td>2,183</td><td></td></tr><tr><td>Other comprehensive income (loss), net of tax (Note 16)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Change in pension and other postretirement defined benefit plans</td><td></td><td>5 </td><td></td><td></td><td>( 421 )</td><td></td><td></td><td>( 81 )</td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td></td><td>( 276 )</td><td></td><td></td><td>92</td><td></td><td></td><td>( 384 )</td><td></td></tr><tr><td>Unrealized gain on derivatives</td><td></td><td>16 </td><td></td><td></td><td>10</td><td></td><td></td><td>106</td><td></td></tr><tr><td>Total other comprehensive loss, net of tax</td><td></td><td>( 255 )</td><td></td><td></td><td>( 319 )</td><td></td><td></td><td>( 359 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME</td><td></td><td>3,813 </td><td></td><td></td><td>521</td><td></td><td></td><td>1,824</td><td></td></tr><tr><td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td><td></td><td>106 </td><td></td><td></td><td>102</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC.</td><td></td><td>$</td><td>3,707 </td><td></td><td></td><td>$</td><td>419</td><td></td><td></td><td>$</td><td>1,832</td><td></td></tr></table>
table
1832
monetaryItemType
table: <entity> 1832 </entity> <entity type> monetaryItemType </entity type> <context> COMPREHENSIVE INCOME ATTRIBUTABLE TO CUMMINS INC. | $ | 3,707 | $ | 419 | $ | 1,832 </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1671
monetaryItemType
table: <entity> 1671 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents | $ | 1,671 | $ | 2,179 </context>
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2179
monetaryItemType
table: <entity> 2179 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents | $ | 1,671 | $ | 2,179 </context>
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
593
monetaryItemType
table: <entity> 593 </entity> <entity type> monetaryItemType </entity type> <context> Marketable securities (Note 5) | 593 | 562 </context>
us-gaap:MarketableSecuritiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
562
monetaryItemType
table: <entity> 562 </entity> <entity type> monetaryItemType </entity type> <context> Marketable securities (Note 5) | 593 | 562 </context>
us-gaap:MarketableSecuritiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2264
monetaryItemType
table: <entity> 2264 </entity> <entity type> monetaryItemType </entity type> <context> Total cash, cash equivalents and marketable securities | 2,264 | 2,741 </context>
us-gaap:CashCashEquivalentsAndShortTermInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2741
monetaryItemType
table: <entity> 2741 </entity> <entity type> monetaryItemType </entity type> <context> Total cash, cash equivalents and marketable securities | 2,264 | 2,741 </context>
us-gaap:CashCashEquivalentsAndShortTermInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
5181
monetaryItemType
table: <entity> 5181 </entity> <entity type> monetaryItemType </entity type> <context> Accounts and notes receivable, net | 5,181 | 5,583 </context>
us-gaap:AccountsReceivableNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
5583
monetaryItemType
table: <entity> 5583 </entity> <entity type> monetaryItemType </entity type> <context> Accounts and notes receivable, net | 5,181 | 5,583 </context>
us-gaap:AccountsReceivableNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
5742
monetaryItemType
table: <entity> 5742 </entity> <entity type> monetaryItemType </entity type> <context> Inventories (Note 6) | 5,742 | 5,677 </context>
us-gaap:InventoryNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
5677
monetaryItemType
table: <entity> 5677 </entity> <entity type> monetaryItemType </entity type> <context> Inventories (Note 6) | 5,742 | 5,677 </context>
us-gaap:InventoryNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1565
monetaryItemType
table: <entity> 1565 </entity> <entity type> monetaryItemType </entity type> <context> Prepaid expenses and other current assets | 1,565 | 1,197 </context>
us-gaap:PrepaidExpenseAndOtherAssetsCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1197
monetaryItemType
table: <entity> 1197 </entity> <entity type> monetaryItemType </entity type> <context> Prepaid expenses and other current assets | 1,565 | 1,197 </context>
us-gaap:PrepaidExpenseAndOtherAssetsCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
14752
monetaryItemType
table: <entity> 14752 </entity> <entity type> monetaryItemType </entity type> <context> Total current assets | 14,752 | 15,198 </context>
us-gaap:AssetsCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
15198
monetaryItemType
table: <entity> 15198 </entity> <entity type> monetaryItemType </entity type> <context> Total current assets | 14,752 | 15,198 </context>
us-gaap:AssetsCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
6356
monetaryItemType
table: <entity> 6356 </entity> <entity type> monetaryItemType </entity type> <context> Property, plant and equipment, net (Note 7) | 6,356 | 6,249 </context>
us-gaap:PropertyPlantAndEquipmentNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
6249
monetaryItemType
table: <entity> 6249 </entity> <entity type> monetaryItemType </entity type> <context> Property, plant and equipment, net (Note 7) | 6,356 | 6,249 </context>
us-gaap:PropertyPlantAndEquipmentNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1889
monetaryItemType
table: <entity> 1889 </entity> <entity type> monetaryItemType </entity type> <context> Investments and advances related to equity method investees (Note 3) | 1,889 | 1,800 </context>
us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1800
monetaryItemType
table: <entity> 1800 </entity> <entity type> monetaryItemType </entity type> <context> Investments and advances related to equity method investees (Note 3) | 1,889 | 1,800 </context>
us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2370
monetaryItemType
table: <entity> 2370 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill (Note 9) | 2,370 | 2,499 </context>
us-gaap:Goodwill
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2499
monetaryItemType
table: <entity> 2499 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill (Note 9) | 2,370 | 2,499 </context>
us-gaap:Goodwill
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2351
monetaryItemType
table: <entity> 2351 </entity> <entity type> monetaryItemType </entity type> <context> Other intangible assets, net (Note 9) | 2,351 | 2,519 </context>
us-gaap:IntangibleAssetsNetExcludingGoodwill
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2519
monetaryItemType
table: <entity> 2519 </entity> <entity type> monetaryItemType </entity type> <context> Other intangible assets, net (Note 9) | 2,351 | 2,519 </context>
us-gaap:IntangibleAssetsNetExcludingGoodwill
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1189
monetaryItemType
table: <entity> 1189 </entity> <entity type> monetaryItemType </entity type> <context> Pension assets (Note 10) | 1,189 | 1,197 </context>
us-gaap:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1197
monetaryItemType
table: <entity> 1197 </entity> <entity type> monetaryItemType </entity type> <context> Prepaid expenses and other current assets | 1,565 | 1,197 </context>
us-gaap:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2633
monetaryItemType
table: <entity> 2633 </entity> <entity type> monetaryItemType </entity type> <context> Other assets (Note 11) | 2,633 | 2,543 </context>
us-gaap:OtherAssetsNoncurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
2543
monetaryItemType
table: <entity> 2543 </entity> <entity type> monetaryItemType </entity type> <context> Other assets (Note 11) | 2,633 | 2,543 </context>
us-gaap:OtherAssetsNoncurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
31540
monetaryItemType
table: <entity> 31540 </entity> <entity type> monetaryItemType </entity type> <context> Total assets | $ | 31,540 | $ | 32,005 </context>
us-gaap:Assets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
32005
monetaryItemType
table: <entity> 32005 </entity> <entity type> monetaryItemType </entity type> <context> Total assets | $ | 31,540 | $ | 32,005 </context>
us-gaap:Assets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
3951
monetaryItemType
table: <entity> 3951 </entity> <entity type> monetaryItemType </entity type> <context> Accounts payable (principally trade) | $ | 3,951 | $ | 4,260 </context>
us-gaap:AccountsPayableCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
4260
monetaryItemType
table: <entity> 4260 </entity> <entity type> monetaryItemType </entity type> <context> Accounts payable (principally trade) | $ | 3,951 | $ | 4,260 </context>
us-gaap:AccountsPayableCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
356
monetaryItemType
table: <entity> 356 </entity> <entity type> monetaryItemType </entity type> <context> Loans payable (Note 12) | 356 | 280 </context>
us-gaap:ShortTermBankLoansAndNotesPayable
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
280
monetaryItemType
table: <entity> 280 </entity> <entity type> monetaryItemType </entity type> <context> Loans payable (Note 12) | 356 | 280 </context>
us-gaap:ShortTermBankLoansAndNotesPayable
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1259
monetaryItemType
table: <entity> 1259 </entity> <entity type> monetaryItemType </entity type> <context> Commercial paper (Note 12) | 1,259 | 1,496 </context>
us-gaap:CommercialPaper
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1496
monetaryItemType
table: <entity> 1496 </entity> <entity type> monetaryItemType </entity type> <context> Commercial paper (Note 12) | 1,259 | 1,496 </context>
us-gaap:CommercialPaper
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
660
monetaryItemType
table: <entity> 660 </entity> <entity type> monetaryItemType </entity type> <context> Current maturities of long-term debt (Note 12) | 660 | 118 </context>
us-gaap:LongTermDebtCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
118
monetaryItemType
table: <entity> 118 </entity> <entity type> monetaryItemType </entity type> <context> Current maturities of long-term debt (Note 12) | 660 | 118 </context>
us-gaap:LongTermDebtCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1084
monetaryItemType
table: <entity> 1084 </entity> <entity type> monetaryItemType </entity type> <context> Accrued compensation, benefits and retirement costs | 1,084 | 1,108 </context>
us-gaap:EmployeeRelatedLiabilitiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1108
monetaryItemType
table: <entity> 1108 </entity> <entity type> monetaryItemType </entity type> <context> Accrued compensation, benefits and retirement costs | 1,084 | 1,108 </context>
us-gaap:EmployeeRelatedLiabilitiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
679
monetaryItemType
table: <entity> 679 </entity> <entity type> monetaryItemType </entity type> <context> Current portion of accrued product warranty (Note 13) | 679 | 667 </context>
us-gaap:ProductWarrantyAccrualClassifiedCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
667
monetaryItemType
table: <entity> 667 </entity> <entity type> monetaryItemType </entity type> <context> Current portion of accrued product warranty (Note 13) | 679 | 667 </context>
us-gaap:ProductWarrantyAccrualClassifiedCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1347
monetaryItemType
table: <entity> 1347 </entity> <entity type> monetaryItemType </entity type> <context> Current portion of deferred revenue (Note 2) | 1,347 | 1,220 </context>
us-gaap:ContractWithCustomerLiabilityCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1220
monetaryItemType
table: <entity> 1220 </entity> <entity type> monetaryItemType </entity type> <context> Current portion of deferred revenue (Note 2) | 1,347 | 1,220 </context>
us-gaap:ContractWithCustomerLiabilityCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
1898
monetaryItemType
table: <entity> 1898 </entity> <entity type> monetaryItemType </entity type> <context> Other accrued expenses (Note 11) | 1,898 | 3,754 </context>
us-gaap:AccruedLiabilitiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
3754
monetaryItemType
table: <entity> 3754 </entity> <entity type> monetaryItemType </entity type> <context> Other accrued expenses (Note 11) | 1,898 | 3,754 </context>
us-gaap:AccruedLiabilitiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
11234
monetaryItemType
table: <entity> 11234 </entity> <entity type> monetaryItemType </entity type> <context> Total current liabilities | 11,234 | 12,903 </context>
us-gaap:LiabilitiesCurrent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>December 31,</td></tr><tr><td>In millions, except par value</td><td></td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td><td></td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td></td><td>$</td><td>1,671 </td><td></td><td></td><td>$</td><td>2,179</td><td></td></tr><tr><td>Marketable securities (Note 5)</td><td></td><td>593 </td><td></td><td></td><td>562</td><td></td></tr><tr><td>Total cash, cash equivalents and marketable securities</td><td></td><td>2,264 </td><td></td><td></td><td>2,741</td><td></td></tr><tr><td>Accounts and notes receivable, net</td><td></td><td>5,181 </td><td></td><td></td><td>5,583</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories (Note 6)</td><td></td><td>5,742 </td><td></td><td></td><td>5,677</td><td></td></tr><tr><td>Prepaid expenses and other current assets</td><td></td><td>1,565 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Total current assets</td><td></td><td>14,752 </td><td></td><td></td><td>15,198</td><td></td></tr><tr><td>Long-term assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net (Note 7)</td><td></td><td>6,356 </td><td></td><td></td><td>6,249</td><td></td></tr><tr><td>Investments and advances related to equity method investees (Note 3)</td><td></td><td>1,889 </td><td></td><td></td><td>1,800</td><td></td></tr><tr><td>Goodwill (Note 9)</td><td></td><td>2,370 </td><td></td><td></td><td>2,499</td><td></td></tr><tr><td>Other intangible assets, net (Note 9)</td><td></td><td>2,351 </td><td></td><td></td><td>2,519</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Pension assets (Note 10)</td><td></td><td>1,189 </td><td></td><td></td><td>1,197</td><td></td></tr><tr><td>Other assets (Note 11)</td><td></td><td>2,633 </td><td></td><td></td><td>2,543</td><td></td></tr><tr><td>Total assets</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Accounts payable (principally trade)</td><td></td><td>$</td><td>3,951 </td><td></td><td></td><td>$</td><td>4,260</td><td></td></tr><tr><td>Loans payable (Note 12)</td><td></td><td>356 </td><td></td><td></td><td>280</td><td></td></tr><tr><td>Commercial paper (Note 12)</td><td></td><td>1,259 </td><td></td><td></td><td>1,496</td><td></td></tr><tr><td>Current maturities of long-term debt (Note 12)</td><td></td><td>660 </td><td></td><td></td><td>118</td><td></td></tr><tr><td>Accrued compensation, benefits and retirement costs</td><td></td><td>1,084 </td><td></td><td></td><td>1,108</td><td></td></tr><tr><td>Current portion of accrued product warranty (Note 13)</td><td></td><td>679 </td><td></td><td></td><td>667</td><td></td></tr><tr><td>Current portion of deferred revenue (Note 2)</td><td></td><td>1,347 </td><td></td><td></td><td>1,220</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other accrued expenses (Note 11)</td><td></td><td>1,898 </td><td></td><td></td><td>3,754</td><td></td></tr><tr><td>Total current liabilities</td><td></td><td>11,234 </td><td></td><td></td><td>12,903</td><td></td></tr><tr><td>Long-term liabilities</td><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt (Note 12)</td><td></td><td>4,784 </td><td></td><td></td><td>4,802</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred revenue (Note 2)</td><td></td><td>1,065 </td><td></td><td></td><td>966</td><td></td></tr><tr><td>Other liabilities (Note 11)</td><td></td><td>3,149 </td><td></td><td></td><td>3,430</td><td></td></tr><tr><td>Total liabilities</td><td></td><td>$</td><td>20,232 </td><td></td><td></td><td>$</td><td>22,101</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (Note 14)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>EQUITY</td><td></td><td></td><td></td><td></td></tr><tr><td>Cummins Inc. shareholders’ equity (Note 15)</td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued Common stock, $ 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued</td><td></td><td>$</td><td>2,636 </td><td></td><td></td><td>$</td><td>2,564</td><td></td></tr><tr><td>Retained earnings</td><td></td><td>20,828 </td><td></td><td></td><td>17,851</td><td></td></tr><tr><td>Treasury stock, at cost, 85.1 and 80.7 shares Treasury stock, at cost, 85.1 and 80.7 shares</td><td></td><td>( 10,748 )</td><td></td><td></td><td>( 9,359 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive loss (Note 16)</td><td></td><td>( 2,445 )</td><td></td><td></td><td>( 2,206 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Cummins Inc. shareholders’ equity</td><td></td><td>10,271 </td><td></td><td></td><td>8,850</td><td></td></tr><tr><td>Noncontrolling interests (Note 17)</td><td></td><td>1,037 </td><td></td><td></td><td>1,054</td><td></td></tr><tr><td>Total equity</td><td></td><td>$</td><td>11,308 </td><td></td><td></td><td>$</td><td>9,904</td><td></td></tr><tr><td>Total liabilities and equity</td><td></td><td>$</td><td>31,540 </td><td></td><td></td><td>$</td><td>32,005</td><td></td></tr></table>
table
12903
monetaryItemType
table: <entity> 12903 </entity> <entity type> monetaryItemType </entity type> <context> Total current liabilities | 11,234 | 12,903 </context>
us-gaap:LiabilitiesCurrent