CMI Stock Cash Flow Statements

Cummins Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Cummins Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-10-03	2021-07-04	2021-04-04	2020-09-27	2020-06-28	2020-03-29	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-07-02	2017-04-02	2016-12-31	2016-10-02	2016-07-03	2016-04-03	2015-12-31	2015-09-27	2015-06-28	2015-03-29	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-09-25	2011-06-26	2011-03-27	2010-06-27	2010-03-28	2009-09-27	2009-06-28	2009-03-29	2007-04-01	2006-04-02

cash flows from operating activities
consolidated net income	928,000,000	850,000,000	445,000,000	843,000,000	752,000,000	2,028,000,000	-1,393,000,000	690,000,000	737,000,000	806,000,000	1,539,000,000	1,130,000,000	423,000,000	1,764,000,000	1,223,000,000	611,000,000	1,301,000,000	797,000,000	528,000,000	1,970,000,000	1,354,000,000	669,000,000	610,000,000	698,000,000	554,000,000	325,000,000	-309,000,000	457,000,000	441,000,000	405,000,000	396,000,000	300,000,000	427,000,000	333,000,000	178,000,000	392,000,000	496,000,000	404,000,000	467,000,000	439,000,000	472,000,000	358,000,000	461,000,000	374,000,000	441,000,000	312,000,000	370,000,000	495,000,000	475,000,000		472,000,000	537,000,000	365,000,000	270,000,000	170,000,000
adjustments to reconcile consolidated net income to net cash from operating activities
gain related to divestiture of atmus			0	0	0	-1,333,000,000
depreciation and amortization	279,000,000	269,000,000	271,000,000	266,000,000	263,000,000	265,000,000	264,000,000	257,000,000	257,000,000	246,000,000	544,000,000	328,000,000	161,000,000	497,000,000	337,000,000	170,000,000	499,000,000	333,000,000	168,000,000	493,000,000	315,000,000	157,000,000	155,000,000	148,000,000	154,000,000	154,000,000	150,000,000	149,000,000	145,000,000	139,000,000	139,000,000	132,000,000	131,000,000	128,000,000	131,000,000	129,000,000	126,000,000	128,000,000	125,000,000	113,000,000	112,000,000	105,000,000	102,000,000	105,000,000	102,000,000	98,000,000	91,000,000	86,000,000	85,000,000		84,000,000	80,000,000	79,000,000	82,000,000	79,000,000	84,000,000	78,000,000	76,000,000	68,000,000	74,000,000
deferred income taxes	-113,000,000	-25,000,000	-103,000,000	-7,000,000	-61,000,000	-38,000,000	-219,000,000	-106,000,000	-94,000,000	-38,000,000	-194,000,000	-112,000,000	-66,000,000	44,000,000	17,000,000	8,000,000	-7,000,000	-11,000,000	-11,000,000	-14,000,000	17,000,000	11,000,000	70,000,000	-146,000,000	6,000,000	-27,000,000	-80,000,000			10,000,000	-10,000,000	58,000,000	4,000,000	-2,000,000	12,000,000	-57,000,000	-62,000,000	-1,000,000	68,000,000	51,000,000	-110,000,000	22,000,000	22,000,000	58,000,000	15,000,000	5,000,000					61,000,000	66,000,000	21,000,000
equity in income of investees, net of dividends	-18,000,000	-70,000,000	87,000,000	12,000,000	-8,000,000	-78,000,000	19,000,000	13,000,000	-46,000,000	-67,000,000	-30,000,000	-62,000,000	-76,000,000	-150,000,000	-114,000,000	-136,000,000	-136,000,000	-124,000,000	-78,000,000	-44,000,000	-43,000,000	-64,000,000	63,000,000	7,000,000	-68,000,000	-95,000,000	43,000,000	-34,000,000	-49,000,000	-83,000,000	48,000,000	-7,000,000	-39,000,000	-48,000,000	32,000,000	0	-15,000,000	-53,000,000	3,000,000	5,000,000	-56,000,000	-52,000,000	36,000,000								5,000,000					-4,000,000	8,000,000	52,000,000
pension and opeb expense	20,000,000	19,000,000	10,000,000	9,000,000	10,000,000	9,000,000	4,000,000	1,000,000	2,000,000	1,000,000	23,000,000	17,000,000	9,000,000	62,000,000	41,000,000	20,000,000	81,000,000	54,000,000	27,000,000
pension contributions and opeb payments	-13,000,000	-13,000,000	-18,000,000	-13,000,000	-11,000,000	-48,000,000	-19,000,000	-12,000,000	-11,000,000	-92,000,000	-71,000,000	-55,000,000	-43,000,000	-86,000,000	-68,000,000	-51,000,000	-102,000,000	-82,000,000	-60,000,000
changes in current assets and liabilities, net of acquisitions and divestiture
accounts and notes receivable	-186,000,000	-457,000,000	189,000,000	270,000,000	-150,000,000	-11,000,000	117,000,000	188,000,000	-14,000,000	-621,000,000	-333,000,000	-252,000,000	-417,000,000	-353,000,000	-331,000,000	-374,000,000	47,000,000	170,000,000	107,000,000	-101,000,000	-312,000,000	-135,000,000	66,000,000	126,000,000	-338,000,000	-217,000,000	214,000,000	-234,000,000	-283,000,000	-205,000,000	-153,000,000	140,000,000	-154,000,000	-98,000,000	266,000,000	263,000,000	-150,000,000	-276,000,000	147,000,000	85,000,000	-89,000,000	-232,000,000													275,000,000	3,000,000	37,000,000	49,000,000
inventories	-105,000,000	-331,000,000	324,000,000	-257,000,000	-115,000,000	-354,000,000		85,000,000	-140,000,000	-263,000,000	-597,000,000	-498,000,000	-289,000,000	-919,000,000	-628,000,000	-336,000,000	-50,000,000	-224,000,000	-171,000,000	-62,000,000	-125,000,000	-107,000,000	78,000,000	-298,000,000	-216,000,000	-259,000,000	-6,000,000	-137,000,000	-62,000,000	-202,000,000	146,000,000	-49,000,000	-47,000,000	-54,000,000	329,000,000	-52,000,000	-29,000,000	-98,000,000	46,000,000	-79,000,000	-88,000,000	-135,000,000														78,000,000	238,000,000	44,000,000
other current assets	-136,000,000	-36,000,000	65,000,000	-219,000,000	24,000,000	-175,000,000	71,000,000	-54,000,000	5,000,000	-142,000,000	-18,000,000	-65,000,000	-57,000,000	-45,000,000	-18,000,000	-24,000,000	73,000,000	95,000,000	79,000,000	48,000,000	15,000,000	67,000,000	-62,000,000	-58,000,000	-98,000,000	56,000,000	16,000,000	-49,000,000	-52,000,000	73,000,000	-124,000,000	-51,000,000	1,000,000	188,000,000	-284,000,000	115,000,000	-2,000,000	20,000,000	7,000,000	-10,000,000	2,000,000	2,000,000		-32,000,000	56,000,000	158,000,000								-2,000,000	3,000,000	10,000,000	13,000,000	9,000,000
accounts payable	-182,000,000	330,000,000	-210,000,000	-236,000,000	-64,000,000	327,000,000	-109,000,000	-22,000,000	-316,000,000	381,000,000	353,000,000	426,000,000	484,000,000	416,000,000	377,000,000	465,000,000	109,000,000	-220,000,000	171,000,000	-3,000,000	148,000,000	166,000,000	-165,000,000	25,000,000	196,000,000	246,000,000	72,000,000	164,000,000	107,000,000	296,000,000	87,000,000	-42,000,000	36,000,000	103,000,000	-84,000,000	-149,000,000	-50,000,000	147,000,000	-72,000,000	27,000,000	-13,000,000	302,000,000		-58,000,000	106,000,000	204,000,000		-87,000,000	148,000,000		10,000,000	56,000,000	251,000,000	185,000,000	54,000,000				126,000,000	108,000,000
accrued expenses	243,000,000	-487,000,000	427,000,000	-67,000,000	-1,540,000,000	-393,000,000	2,391,000,000	282,000,000	110,000,000	151,000,000	-124,000,000	-281,000,000	-251,000,000	435,000,000	169,000,000	-24,000,000	-236,000,000	-422,000,000	-321,000,000	-74,000,000	-194,000,000	-293,000,000	92,000,000	247,000,000	366,000,000	-272,000,000	9,000,000	237,000,000	222,000,000	-90,000,000	84,000,000	-70,000,000	74,000,000	-283,000,000	-73,000,000	-132,000,000	14,000,000	-35,000,000	6,000,000	42,000,000	215,000,000	-95,000,000									4,000,000
other	68,000,000	-52,000,000	-65,000,000	39,000,000	49,000,000	77,000,000	15,000,000	203,000,000	31,000,000	99,000,000	-56,000,000	-38,000,000	-13,000,000	-144,000,000	-55,000,000	-31,000,000	-72,000,000	-99,000,000	-30,000,000	117,000,000	-39,000,000	-145,000,000	84,000,000	46,000,000	79,000,000	-45,000,000	-58,000,000	-34,000,000	-84,000,000	3,000,000	58,000,000	13,000,000	22,000,000	10,000,000	23,000,000	-18,000,000	-5,000,000	-30,000,000	-2,000,000	3,000,000	-31,000,000	50,000,000	-6,000,000	-51,000,000	8,000,000	62,000,000	6,000,000	2,000,000	1,000,000		0	0	2,000,000	11,000,000	8,000,000			10,000,000	15,000,000	14,000,000
net cash from operating activities	785,000,000	-3,000,000	1,422,000,000	640,000,000	-851,000,000	276,000,000	1,459,000,000	1,529,000,000	483,000,000	495,000,000	1,145,000,000	763,000,000	164,000,000	1,524,000,000	955,000,000	339,000,000	1,580,000,000	357,000,000	379,000,000	2,343,000,000	1,220,000,000	412,000,000	990,000,000	915,000,000	590,000,000	-117,000,000	806,000,000	645,000,000	447,000,000	379,000,000	625,000,000	576,000,000	471,000,000	263,000,000	928,000,000	562,000,000	396,000,000	173,000,000		687,000,000	438,000,000	263,000,000	756,000,000	373,000,000	532,000,000	428,000,000	390,000,000	376,000,000	21,000,000		624,000,000	656,000,000	88,000,000	301,000,000	126,000,000	409,000,000	245,000,000	76,000,000		18,000,000
cash flows from investing activities
capital expenditures	-231,000,000	-162,000,000	-540,000,000	-259,000,000	-240,000,000	-169,000,000	-519,000,000	-280,000,000	-221,000,000	-193,000,000	-453,000,000	-251,000,000	-104,000,000	-362,000,000	-212,000,000	-87,000,000	-268,000,000	-152,000,000	-75,000,000	-395,000,000	-242,000,000	-109,000,000	-348,000,000	-175,000,000	-114,000,000	-72,000,000	-224,000,000	-100,000,000	-101,000,000	-81,000,000	-219,000,000	-123,000,000	-118,000,000	-71,000,000	-351,000,000	-146,000,000	-147,000,000	-100,000,000	-334,000,000	-164,000,000	-138,000,000	-107,000,000	-259,000,000
free cash flows	554,000,000	-165,000,000	882,000,000	381,000,000	-1,091,000,000	107,000,000	940,000,000	1,249,000,000	262,000,000	302,000,000	692,000,000	512,000,000	60,000,000	1,162,000,000	743,000,000	252,000,000	1,312,000,000	205,000,000	304,000,000	1,948,000,000	978,000,000	303,000,000	642,000,000	740,000,000	476,000,000	-189,000,000	582,000,000	545,000,000	346,000,000	298,000,000	406,000,000	453,000,000	353,000,000	192,000,000	577,000,000	416,000,000	249,000,000	73,000,000		523,000,000	300,000,000	156,000,000	497,000,000
investments in and net advances to equity investees	6,000,000	-60,000,000
acquisition of businesses, net of cash acquired	0	-12,000,000	0	0
investments in marketable securities—acquisitions	-326,000,000	-457,000,000	-438,000,000	-349,000,000	-334,000,000	-379,000,000	-433,000,000	-328,000,000	-322,000,000	-326,000,000	-738,000,000	-433,000,000	-197,000,000	-569,000,000	-362,000,000	-143,000,000	-422,000,000	-285,000,000	-116,000,000	-367,000,000	-259,000,000	-121,000,000	-52,000,000	-173,000,000	-76,000,000	-67,000,000	-88,000,000	-37,000,000	-43,000,000	-26,000,000	-31,000,000	-68,000,000	-88,000,000	-291,000,000	-107,000,000	-2,000,000	-78,000,000	-95,000,000	-62,000,000	-34,000,000	-95,000,000	-84,000,000	-58,000,000
investments in marketable securities—liquidations	204,000,000	432,000,000	347,000,000	428,000,000	254,000,000	431,000,000	332,000,000	382,000,000	275,000,000	345,000,000	819,000,000	461,000,000	254,000,000	602,000,000	381,000,000	207,000,000	408,000,000	254,000,000	95,000,000	296,000,000	153,000,000	103,000,000	33,000,000	182,000,000	34,000,000	82,000,000	48,000,000	56,000,000	15,000,000	147,000,000	15,000,000	54,000,000	202,000,000	35,000,000	42,000,000	73,000,000	84,000,000	71,000,000	20,000,000	137,000,000	71,000,000	108,000,000	92,000,000	153,000,000	93,000,000	187,000,000	195,000,000	96,000,000	184,000,000		229,000,000	209,000,000	134,000,000	170,000,000	108,000,000	38,000,000	55,000,000	78,000,000	94,000,000	42,000,000
cash associated with atmus divestiture			0	0	0	-174,000,000
net cash from investing activities	-369,000,000	-246,000,000	-713,000,000	-263,000,000	-400,000,000	-406,000,000	-783,000,000	-254,000,000	-378,000,000	-228,000,000	-3,496,000,000	-576,000,000	-10,000,000	-278,000,000	-146,000,000	-25,000,000	-337,000,000	-234,000,000	-99,000,000	-829,000,000	-411,000,000	-71,000,000	-455,000,000	-283,000,000	-200,000,000	-36,000,000	-266,000,000	-626,000,000	-133,000,000	-27,000,000	-327,000,000	-199,000,000	-3,000,000	-388,000,000	-441,000,000	-177,000,000	-175,000,000	-125,000,000	-594,000,000	-177,000,000	-276,000,000	-187,000,000	-301,000,000
cash flows from financing activities
proceeds from borrowings	2,094,000,000	52,000,000	97,000,000	141,000,000	84,000,000	2,398,000,000	82,000,000	42,000,000	694,000,000	43,000,000	2,076,000,000	56,000,000		35,000,000			1,999,000,000										2,000,000	2,000,000			0	2,000,000	4,000,000	105,000,000	20,000,000	12,000,000	10,000,000	2,000,000	16,000,000	22,000,000	10,000,000	7,000,000	17,000,000	985,000,000			18,000,000	34,000,000	12,000,000		36,000,000	22,000,000	38,000,000	15,000,000	70,000,000	1,000,000	3,000,000	7,000,000	4,000,000	19,000,000
net (payments) borrowings of commercial paper							-213,000,000	92,000,000							-123,000,000	-6,000,000	-344,000,000
payments on borrowings and finance lease obligations	-66,000,000	-144,000,000	-182,000,000	-163,000,000	-475,000,000	-748,000,000	-745,000,000	-163,000,000	-86,000,000	-142,000,000	-1,070,000,000	-71,000,000	-24,000,000	-57,000,000	-33,000,000	-16,000,000	-41,000,000	-25,000,000	-10,000,000	-47,000,000	-17,000,000	-10,000,000
dividend payments on common stock	-251,000,000	-251,000,000	-250,000,000	-250,000,000	-230,000,000	-239,000,000	-238,000,000	-238,000,000	-223,000,000	-222,000,000	-633,000,000	-411,000,000	-207,000,000	-601,000,000	-394,000,000	-197,000,000	-582,000,000	-388,000,000	-195,000,000	-562,000,000	-358,000,000	-179,000,000	-181,000,000	-182,000,000	-177,000,000	-178,000,000	-179,000,000	-179,000,000	-172,000,000	-171,000,000	-171,000,000	-172,000,000	-163,000,000	-170,000,000	-170,000,000	-172,000,000	-140,000,000	-140,000,000	-142,000,000	-141,000,000	-114,000,000	-115,000,000	-115,000,000
payments for purchase of redeemable noncontrolling interests							0
net cash from financing activities	332,000,000	92,000,000	-737,000,000	-243,000,000	308,000,000	499,000,000	-1,108,000,000	-466,000,000	-240,000,000	-363,000,000	2,111,000,000	-391,000,000	-497,000,000	-2,079,000,000	-1,722,000,000	-745,000,000	564,000,000	460,000,000	234,000,000	-1,198,000,000	-711,000,000	-347,000,000	-440,000,000	-707,000,000	-201,000,000	-52,000,000	-474,000,000	-56,000,000	-380,000,000	-164,000,000	-368,000,000	-149,000,000	-260,000,000	-632,000,000	-429,000,000	-386,000,000	-533,000,000	-296,000,000	-244,000,000	-343,000,000	-154,000,000	-602,000,000	-292,000,000
effect of exchange rate changes on cash and cash equivalents	39,000,000	18,000,000	-34,000,000	9,000,000	-8,000,000	-7,000,000			-43,000,000	-25,000,000	147,000,000	74,000,000	27,000,000	20,000,000	-7,000,000	-12,000,000	31,000,000	39,000,000	48,000,000	-59,000,000	-4,000,000	31,000,000	-14,000,000	-21,000,000	-78,000,000	43,000,000	13,000,000	34,000,000	37,000,000	14,000,000	-61,000,000	-22,000,000	-78,000,000	-39,000,000	-35,000,000	-71,000,000	75,000,000	-56,000,000	-67,000,000	-58,000,000	33,000,000	5,000,000	37,000,000						27,000,000			0	8,000,000			-1,000,000			2,000,000	1,000,000
net increase in cash and cash equivalents	787,000,000	-139,000,000	-62,000,000			362,000,000								-813,000,000	-920,000,000	-443,000,000	1,838,000,000	622,000,000	562,000,000	257,000,000	94,000,000	25,000,000	81,000,000	-96,000,000	111,000,000	-162,000,000	79,000,000	-3,000,000	-29,000,000	202,000,000									-27,000,000	109,000,000	41,000,000	-521,000,000	200,000,000	1,117,000,000	-101,000,000	114,000,000					54,000,000					152,000,000
cash and cash equivalents at beginning of year	0	1,671,000,000	0	0	0	2,179,000,000			0	2,101,000,000	2,592,000,000	2,592,000,000	2,592,000,000	3,401,000,000	3,401,000,000	3,401,000,000	1,129,000,000	1,129,000,000	1,129,000,000	1,303,000,000	1,303,000,000	1,303,000,000	0	0	0	1,369,000,000	0	0	0	1,120,000,000	0	0	0	1,711,000,000	0	0	0	2,301,000,000	0	0	0	2,699,000,000	0	0	0	1,369,000,000	0	0	1,484,000,000		0	0	1,023,000,000	0	930,000,000	0	0	426,000,000	840,000,000	779,000,000
cash and cash equivalents at end of period	787,000,000	1,532,000,000	-62,000,000	143,000,000	-951,000,000	2,541,000,000			-178,000,000	1,980,000,000	2,499,000,000	2,462,000,000	2,276,000,000	2,588,000,000	2,481,000,000	2,958,000,000	2,967,000,000	1,751,000,000	1,691,000,000	1,560,000,000	1,397,000,000	1,328,000,000	81,000,000	-96,000,000	111,000,000	1,207,000,000	79,000,000	-3,000,000	-29,000,000	1,322,000,000	-131,000,000	206,000,000	130,000,000	915,000,000	23,000,000	-72,000,000	-237,000,000	1,997,000,000	-27,000,000	109,000,000	41,000,000	2,178,000,000	200,000,000	1,117,000,000	-101,000,000	1,483,000,000	-112,000,000	-172,000,000	1,317,000,000		54,000,000	332,000,000	779,000,000	39,000,000	885,000,000	152,000,000	181,000,000	353,000,000	521,000,000	676,000,000
net borrowings (payments) of commercial paper		481,000,000		55,000,000							2,080,000,000	392,000,000
russian suspension costs, net of recoveries											112,000,000	111,000,000
investments in and net advances (to) from equity investees												-53,000,000
repurchases of common stock											-370,000,000	-347,000,000	-311,000,000	-1,228,000,000	-1,090,000,000	-418,000,000	-550,000,000	-550,000,000	-550,000,000	-806,000,000	-100,000,000	-100,000,000	-261,000,000	-500,000,000	-216,000,000	-163,000,000	-60,000,000	-271,000,000	-69,000,000	-51,000,000	-33,000,000	-50,000,000	-120,000,000	-575,000,000	-250,000,000	-136,000,000	-377,000,000	-137,000,000	-65,000,000	-175,000,000	-11,000,000	-419,000,000	-92,000,000
changes in current assets and liabilities, net of acquisitions and divestitures
net decrease in cash and cash equivalents									-178,000,000	-121,000,000	-93,000,000	-130,000,000	-316,000,000																		-131,000,000	206,000,000	130,000,000	-796,000,000		-72,000,000	-237,000,000	-304,000,000
acquisition of business, net of cash acquired						-59,000,000
net payments of commercial paper						-887,000,000				-29,000,000			-2,000,000	-123,000,000
changes in current assets and liabilities, net of acquisitions
acquisitions of businesses, net of cash acquired							-165,000,000	7,000,000			-3,008,000,000	-245,000,000								-237,000,000			0				-62,000,000				-93,000,000	0	0	-1,000,000	-15,000,000	-87,000,000	-4,000,000	-11,000,000	-170,000,000	-73,000,000	-103,000,000	-90,000,000
effect of exchange rate changes on cash, cash equivalents and restricted cash
net increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of period
(gain) loss on corporate owned life insurance									-1,000,000	-19,000,000												-37,000,000
foreign currency remeasurement and transaction exposure									-48,000,000	-11,000,000	-136,000,000	-10,000,000	-7,000,000	27,000,000	10,000,000	1,000,000	-7,000,000	-2,000,000	3,000,000	-54,000,000	46,000,000	79,000,000
changes in other liabilities									11,000,000	64,000,000	-41,000,000	-11,000,000	70,000,000	-59,000,000	-34,000,000		208,000,000	199,000,000	28,000,000	168,000,000	120,000,000	64,000,000
russian suspension costs													158,000,000
acquisition of a business, net of cash acquired													83,000,000
restructuring payments														-1,000,000	-1,000,000		-100,000,000	-81,000,000	-48,000,000													-11,000,000
gain on corporate owned life insurance														11,000,000	12,000,000	32,000,000	-50,000,000	-38,000,000	-17,000,000	-64,000,000	-55,000,000
net borrowings																		1,367,000,000	957,000,000
share-based compensation expense											24,000,000	14,000,000	5,000,000	25,000,000	18,000,000	8,000,000
asset impairments and other charges											36,000,000	36,000,000	36,000,000
loss on corporate owned life insurance											114,000,000	85,000,000	37,000,000
investments in internal use software											-44,000,000	-24,000,000	-11,000,000	-36,000,000	-22,000,000	-11,000,000	-33,000,000	-21,000,000	-8,000,000	-50,000,000	-34,000,000	-20,000,000	-20,000,000	-20,000,000	-20,000,000	-15,000,000	-22,000,000	-19,000,000	-13,000,000	-27,000,000	-21,000,000	-15,000,000	-14,000,000	-13,000,000	-17,000,000	-16,000,000	-14,000,000	-8,000,000	-15,000,000	-14,000,000	-12,000,000	-14,000,000	-21,000,000
proceeds from sale of land														20,000,000	20,000,000
investments in and net advances from (to) equity investees											-50,000,000
cash flows from derivatives not designated as hedges											-29,000,000	-32,000,000	-2,000,000	19,000,000	12,000,000	14,000,000	-15,000,000	-22,000,000	6,000,000	-86,000,000	-26,000,000	55,000,000	-46,000,000	-47,000,000	-36,000,000	27,000,000	67,000,000	-10,000,000	43,000,000	-24,000,000	-38,000,000	-43,000,000	5,000,000	-26,000,000	-9,000,000	12,000,000	1,000,000	4,000,000			-1,000,000	5,000,000	16,000,000				12,000,000	-10,000,000	11,000,000		-2,000,000	2,000,000	4,000,000
net borrowings (payments) under short-term credit agreements											21,000,000		29,000,000								57,000,000										-6,000,000										-9,000,000	-39,000,000				15,000,000
distributions to noncontrolling interests											-38,000,000	-14,000,000	-14,000,000	-28,000,000	-13,000,000	-13,000,000	-26,000,000	-13,000,000	-13,000,000	-33,000,000	-13,000,000	-13,000,000	0	-19,000,000	0	-11,000,000	0	-19,000,000	0	-10,000,000	-23,000,000	-18,000,000	-14,000,000	-10,000,000	-14,000,000	-21,000,000	-13,000,000	-1,000,000	-31,000,000	-20,000,000	-19,000,000	-13,000,000	-22,000,000
proceeds from issuing common stock											36,000,000	19,000,000	9,000,000	27,000,000	26,000,000	18,000,000																																											2,000,000	4,000,000
in millions, except per share amounts
balance at june 30, 2022											226,000,000	556,000,000
net income											-7,000,000																																													110,000,000	70,000,000	14,000,000
other comprehensive loss, net of tax
issuance of common stock
cash dividends on common stock, 1.57 per share
share-based awards
acquisition of business
fair value adjustment of redeemable noncontrolling interests											33,000,000
other shareholder transactions
balance at september 30, 2022											252,000,000
balance at july 4, 2021											346,000,000	556,000,000		556,000,000	556,000,000
other comprehensive income, net of tax
cash dividends on common stock, 1.45 per share
balance at october 3, 2021											301,000,000			556,000,000
net payments under short-term credit agreements												-24,000,000																							-3,000,000	-28,000,000
balance at march 31, 2022												556,000,000	556,000,000
balance at april 4, 2021												556,000,000	556,000,000		556,000,000	556,000,000
other comprehensive income
cash dividends on common stock, 1.35 per share
investments in and advances to equity investees													-32,000,000	3,000,000	10,000,000	-24,000,000	-30,000,000	-17,000,000	-7,000,000	-16,000,000	-18,000,000	-10,000,000	-28,000,000	6,000,000	1,000,000	-16,000,000	5,000,000	-7,000,000	-44,000,000	-20,000,000	-12,000,000	-12,000,000	8,000,000	-25,000,000	2,000,000	8,000,000	-27,000,000	10,000,000	-21,000,000	-28,000,000	-5,000,000	-6,000,000	-30,000,000
balance at december 31, 2021													556,000,000
balance at december 31, 2020													556,000,000			556,000,000
restructuring actions, net of cash payments
net (payments) borrowings under short-term credit agreements														-93,000,000	-102,000,000	-102,000,000
in millions
balance at december 31, 2018																			556,000,000			556,000,000
employee benefits trust activity
cash dividends on common stock
balance at december 31, 2019																556,000,000			556,000,000
adoption of new accounting standards
changes in current assets and liabilities
balance at june 28, 2020														556,000,000	556,000,000		556,000,000	556,000,000
cash dividends on common stock, 1.311 per share
balance at september 27, 2020														556,000,000			556,000,000
balance at march 29, 2020															556,000,000	556,000,000		556,000,000	556,000,000
net																					-346,000,000	-71,000,000
net borrowings under short-term credit agreements																	6,000,000	4,000,000	25,000,000	53,000,000			-8,000,000																				-37,000,000	-22,000,000			2,000,000					10,000,000	1,000,000		5,000,000			4,000,000		13,000,000
balance at december 31, 2017																						556,000,000	0	0	0	556,000,000
stock-based compensation expense																	22,000,000	12,000,000	4,000,000	37,000,000	28,000,000	9,000,000	15,000,000	10,000,000	19,000,000	9,000,000	7,000,000	11,000,000	16,000,000	7,000,000	4,000,000	8,000,000	15,000,000	5,000,000	0	7,000,000	12,000,000	5,000,000	9,000,000	6,000,000	11,000,000	10,000,000	8,000,000	10,000,000	12,000,000	7,000,000	8,000,000	14,000,000	7,000,000		10,000,000	13,000,000	5,000,000	5,000,000	6,000,000	4,000,000	6,000,000	6,000,000	6,000,000	4,000,000
stock-based awards
balance at june 30, 2019																	556,000,000	556,000,000		556,000,000	556,000,000
balance at september 29, 2019																	556,000,000			556,000,000
balance at march 31, 2019																		556,000,000	556,000,000		556,000,000	556,000,000
cash dividends on common stock, 1.14 per share
impact of tax legislation
proceeds from disposals of property, plant and equipment																							6,000,000				6,000,000																								0	0	5,000,000	4,000,000	38,000,000	1,000,000	1,000,000	6,000,000	2,000,000	22,000,000
balance at december 31, 2016																							0	0	0	556,000,000	0
pension contributions																				-62,000,000	-45,000,000	-17,000,000
other postretirement benefits payments in excess of expense																				-12,000,000	-10,000,000	-12,000,000
net borrowings of commercial paper																				122,000,000			-20,000,000			295,000,000	-216,000,000			62,000,000	-61,000,000	73,000,000	150,000,000	50,000,000
balance at july 1, 2018																				556,000,000	556,000,000
balance at september 30, 2018																				556,000,000
stock based awards
balance at april 1, 2018																					556,000,000	556,000,000				556,000,000
cash dividends on common stock, 1.08 per share
pension contributions under																							13,000,000	11,000,000	12,000,000	13,000,000
other post retirement benefits payments in excess of expense																							-11,000,000			-5,000,000	-1,000,000
loss contingency charges, net of payments
proceeds from sale of equity investees
payments on borrowings and capital lease obligations																							-8,000,000	-21,000,000	-17,000,000	-16,000,000	-22,000,000	-9,000,000	-18,000,000	-11,000,000	-7,000,000	-23,000,000	-118,000,000	-15,000,000	-12,000,000	-33,000,000	-13,000,000	-18,000,000	-22,000,000	-33,000,000	-14,000,000	-25,000,000	-28,000,000
acquisitions of noncontrolling interests
balance at december 31, 2015																											0
impact of adopting accounting standards
loss contingency payments																								0	0	-65,000,000
translation and hedging activities																								-6,000,000	-59,000,000	38,000,000	10,000,000	30,000,000	20,000,000	11,000,000	-16,000,000	6,000,000	-31,000,000	-14,000,000	4,000,000	-5,000,000	20,000,000	7,000,000	6,000,000	-10,000,000	-6,000,000	-3,000,000	-9,000,000	23,000,000			9,000,000	-3,000,000	10,000,000				4,000,000			-18,000,000	32,000,000	19,000,000		2,000,000
changes in other liabilities and deferred revenue																								113,000,000	-22,000,000	27,000,000	64,000,000	74,000,000	55,000,000	48,000,000	12,000,000	59,000,000	51,000,000	78,000,000	73,000,000	86,000,000	74,000,000	59,000,000	98,000,000	68,000,000	66,000,000	50,000,000	64,000,000	47,000,000	53,000,000	47,000,000	51,000,000	74,000,000	29,000,000		35,000,000	34,000,000	24,000,000
balance at october 1, 2017
balance at july 2, 2017
balance at april 2, 2017																										556,000,000
gains on fair value adjustment for consolidated investees
pension contributions in excess of expense																											-98,000,000	-19,000,000	-21,000,000	-23,000,000	0	-10,000,000	-32,000,000	-50,000,000	-8,000,000	3,000,000	-26,000,000	-96,000,000	6,000,000	-27,000,000	-27,000,000	-100,000,000	14,000,000
impairment of light-duty diesel assets
restructuring charges and other actions, net of cash payments
proceeds from corporate owned life insurance
balance at december 31, 2014
acquisition of noncontrolling interests
loss contingency																																99,000,000
balance at october 2, 2016
other post-retirement benefits payments in excess of expense																													2,000,000	-10,000,000	-9,000,000	1,000,000	-9,000,000	-8,000,000	-5,000,000	-3,000,000	-7,000,000	-8,000,000	-6,000,000	-8,000,000	-6,000,000	-8,000,000	-5,000,000
gain on fair value adjustment for consolidated investees																																			-1,000,000				-35,000,000	-18,000,000	-14,000,000	-6,000,000	0
restructuring actions and other charges, net of cash payments																																		-25,000,000
net cash from operating activites
purchases of other investments
excess tax benefits on stock-based awards																																								0	0	-5,000,000	0	-21,000,000	1,000,000	7,000,000	1,000,000	0	11,000,000		0	2,000,000	2,000,000
restructuring and other charges and credits, net of cash payments
gain on sale of businesses
gain on sale of equity investment
proceeds from sale of businesses, net of cash sold
proceeds from sale of equity investment
changes in current assets and liabilities, net of acquisitions:
proceeds from sale of business, net of cash sold																																																			0
gain on fair value adjustment for consolidated investee
changes in current assets and liabilities, net of acquisitions and divestitures:
loans payable
long-term debt and capital lease obligations
operating leases
purchase commitments for inventory
other purchase commitments
joint venture funding commitments
pension funding
other postretirement benefits
total
other commercial commitments
standby letters of credit under revolving credit agreement
international and other domestic letters of credit
performance and excise bonds
other guarantees
credit rating agency
moody’s investors service, inc.
standard & poor’s
fitch
adjustments to reconcile consolidated net income to net cash from operating activities:
gain on sale of business
excess tax benefits on stock based awards
proceeds from sale of common stock held by employee benefit trust
changes in current assets and liabilities, net of acquisitions and dispositions:
restructuring charges, net of cash payments																																																								1,000,000	-28,000,000	48,000,000
pension expense, net of pension contributions																																																										15,000,000
other post-retirement benefits expense, net of cash payments
changes in long-term liabilities																																																						37,000,000	29,000,000	30,000,000	37,000,000	36,000,000	15,000,000
investments in and advances (to) from equity investees																																																									-4,000,000	5,000,000
deferred income tax provision																																																							13,000,000				31,000,000	51,000,000
adjustments to reconcile net income to net cash from operating activities:
excess tax deficiencies (benefits) on stock-based awards																																																								0
proceeds from the sale of an equity investment
excess tax (deficiencies) benefits on stock-based awards
excess tax (benefits) deficiencies on stock-based awards																																																										3,000,000
excess tax benefits (deficiencies) on stock-based awards
net earnings																																																											143,000,000	135,000,000
adjustments to reconcile net earnings to net cash from operating activities:
gain on disposal of property, plant and equipment																																																											2,000,000
equity in earnings of investees, net of dividends
minority interests in earnings of consolidated subsidiaries																																																											9,000,000	8,000,000
pension expense																																																											24,000,000	28,000,000
changes in current assets and liabilities:
receivables
distributions to minority shareholders
tax benefit on share-based awards																																																											9,000,000	5,000,000
cash payments for:
interest																																																											27,000,000	31,000,000
income taxes																																																											34,000,000	31,000,000
north american distributors																																																											15,000,000
dongfeng cummins engine company, ltd.																																																											6,000,000
cummins mercruiser																																																											3,000,000
chongqing cummins																																																											5,000,000
tata cummins																																																											2,000,000
fleetguard shanghai																																																											1,000,000
all others																																																											1,000,000
cummins share of net earnings																																																											33,000,000
royalty and other income																																																											3,000,000
investee equity, royalty and other income																																																											36,000,000
loss on disposal of property, plant and equipment
gain on disposal of a business
investee equity, net of dividends
tax benefit on stock based awards
amortization of gain on terminated interest rate swaps
proceeds from disposal of a business
cash and cash equivalents at end of year
balance at december 31, 2003
comprehensive income:
other comprehensive earnings
unrealized loss on marketable securities
unrealized gain on derivatives
foreign currency translation adjustments
minimum pension liability adjustments
total comprehensive income
issuance of shares
stock option exercises
balance at december 31, 2004
unrealized gain on marketable securities
unrealized loss on derivatives
acquisition of shares
balance at december 31, 2005
adjustment to initially apply sfas no. 158
debt conversion
balance at december 31, 2006
effect of exchange rate changes on cash
tax benefit on stock options exercised
6

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