Cummins inc. (CMI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
Common stock, par value (in dollars per share)

2.50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, shares authorized

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, shares issued

222

222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, shares

74

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock held by employee benefits trust, shares

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ASSETS
Current assets
Cash and cash equivalents

1,691

1,129

1,560

1,397

1,328

1,303

1,222

1,318

1,207

1,369

1,290

1,293

1,322

1,120

1,251

1,045

915

1,711

1,688

1,760

1,997

2,301

2,328

2,219

2,178

2,699

2,499

1,382

1,483

1,369

1,033

1,145

1,317

1,484

1,165

1,111

779

1,023

937

924

885

930

686

534

426

Marketable securities (Note 7)

339

341

303

335

246

222

185

214

180

198

154

174

145

260

250

235

359

100

35

89

115

93

53

158

129

150

162

205

196

247

239

261

252

277

273

363

307

339

308

269

217

190

148

17

77

Total cash, cash equivalents and marketable securities

2,030

1,470

1,863

1,732

1,574

1,525

1,407

1,532

1,387

1,567

1,444

1,467

1,467

1,380

1,501

1,280

1,274

1,811

1,723

1,849

2,112

2,394

2,381

2,377

2,307

2,849

2,661

1,587

1,679

1,616

1,272

1,406

1,569

1,761

1,438

1,474

-

1,362

-

-

-

-

-

-

-

Accounts and notes receivable, net
Trade and other

3,234

3,387

3,677

3,899

3,765

3,635

3,670

3,794

3,579

3,311

3,532

3,237

2,980

2,803

2,680

2,811

2,736

2,640

2,915

3,118

2,930

2,744

2,774

2,845

2,661

2,362

2,449

2,479

2,250

2,235

2,266

2,331

2,388

2,252

2,398

2,511

2,288

1,935

1,938

1,783

1,502

1,730

1,534

1,533

1,551

Nonconsolidated equity investees

271

283

257

280

260

231

259

301

266

307

278

316

267

222

193

212

185

180

244

304

310

202

285

343

288

287

260

266

246

240

237

289

296

274

268

269

282

308

297

269

225

274

197

192

231

Inventories (Note 8)

3,579

3,486

3,821

3,896

3,893

3,759

3,831

3,559

3,411

3,166

3,146

2,982

2,894

2,675

2,820

2,778

2,759

2,707

3,059

2,986

2,936

2,866

2,833

2,745

2,580

2,381

2,513

2,475

2,387

2,221

2,570

2,581

2,382

2,141

2,295

2,275

2,202

1,977

1,910

1,652

1,549

1,341

1,461

1,535

1,783

Deferred income taxes (Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

305

307

314

328

312

302

244

363

364

347

Prepaid expenses and other current assets

676

761

610

643

599

668

696

649

558

577

656

600

551

627

600

549

514

609

921

746

712

849

795

770

663

760

643

597

658

855

770

639

682

663

350

303

329

393

260

236

240

294

254

198

298

Total current assets

9,790

9,387

10,228

10,450

10,091

9,818

9,863

9,835

9,201

8,928

9,056

8,602

8,159

7,707

7,794

7,630

7,468

7,947

8,862

9,003

9,000

9,055

9,068

9,080

8,499

8,639

8,526

7,404

7,220

7,167

7,115

7,246

7,317

7,091

7,026

7,137

6,494

6,289

5,978

5,445

4,920

5,003

4,643

4,373

4,713

Long-term assets
Property, plant and equipment

8,578

8,699

8,452

8,424

8,349

-

8,079

7,982

8,044

-

7,901

7,804

7,746

-

7,460

7,432

7,360

-

7,262

7,151

7,046

-

6,899

6,739

6,563

-

6,182

6,077

5,942

-

5,691

5,475

5,416

-

5,131

5,103

5,026

-

4,838

4,705

4,696

-

4,736

4,681

-

Accumulated depreciation

4,450

4,454

4,396

4,347

4,283

-

4,209

4,158

4,152

-

4,085

4,017

3,944

-

3,783

3,729

3,648

-

3,545

3,498

3,409

-

3,435

3,410

3,331

-

3,234

3,195

3,173

-

3,134

3,051

3,025

-

2,963

2,986

2,962

-

2,947

2,867

2,834

-

2,877

2,821

-

Property, plant and equipment, net

4,128

4,245

4,056

4,077

4,066

4,096

3,870

3,824

3,892

3,927

3,816

3,787

3,802

3,800

3,677

3,703

3,712

3,745

3,717

3,653

3,637

3,686

3,464

3,329

3,232

3,156

2,948

2,882

2,769

2,724

2,557

2,424

2,391

2,288

2,168

2,117

2,064

2,041

1,891

1,838

1,862

1,886

1,859

1,860

1,841

Investments and advances related to equity method investees

1,304

1,237

1,250

1,274

1,303

1,222

1,255

1,303

1,288

1,156

1,213

1,162

1,059

946

1,077

1,073

1,053

975

959

995

968

981

981

934

966

931

966

924

944

897

962

890

903

838

830

761

822

734

689

622

638

574

538

527

588

Goodwill

1,283

1,286

1,288

1,125

1,125

1,126

1,110

1,079

1,085

1,082

1,036

488

482

480

482

481

485

482

481

473

470

479

465

465

464

461

457

450

444

445

443

345

342

339

346

348

368

367

365

363

365

364

363

362

362

Other intangible assets, net

965

1,003

1,022

901

895

909

950

940

960

973

964

339

345

332

319

328

344

328

337

339

340

343

346

353

357

357

362

360

366

369

365

268

250

227

215

216

217

222

219

225

239

228

229

241

223

Pension assets

989

1,001

970

960

939

929

1,022

1,022

1,058

1,043

912

852

785

731

773

764

763

735

785

784

714

637

701

671

622

514

-

-

-

182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

115

187

-

313

377

413

436

400

499

491

Other assets

1,617

1,578

1,532

1,467

1,427

962

922

912

908

966

995

1,030

1,002

1,015

1,014

1,041

1,002

922

656

631

607

583

619

668

611

670

1,077

1,028

1,013

764

972

996

916

885

628

619

574

749

417

340

332

325

323

259

301

Total assets

20,076

19,737

20,346

20,254

19,846

19,062

18,992

18,915

18,392

18,075

17,992

16,260

15,634

15,011

15,136

15,020

14,827

15,134

15,797

15,878

15,736

15,764

15,644

15,500

14,751

14,728

14,336

13,048

12,756

12,548

12,414

12,169

12,119

11,668

11,338

11,313

10,726

10,402

9,872

9,210

8,769

8,816

8,355

8,121

8,519

LIABILITIES
Current liabilities
Accounts payable (principally trade)

2,648

2,534

2,830

2,991

3,018

2,822

2,980

2,981

2,854

2,579

2,486

2,300

2,168

1,854

1,781

1,825

1,809

1,706

1,824

1,974

2,013

1,881

1,930

1,905

1,887

1,557

1,613

1,669

1,554

1,339

1,460

1,634

1,731

1,546

1,659

1,686

1,626

1,362

1,339

1,213

1,030

957

875

773

1,009

Loans payable (Note 9)

121

100

103

119

70

54

61

55

56

57

64

54

48

41

48

19

117

24

27

70

71

86

78

30

24

17

15

40

13

16

54

58

33

28

48

59

82

82

98

87

95

37

-

-

39

Commercial paper (Note 9)

1,617

660

902

434

709

780

800

802

593

298

514

134

274

212

273

200

50

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation, benefits and retirement costs

322

560

494

465

364

679

576

468

361

811

674

475

334

412

393

353

302

409

505

432

390

508

507

401

323

433

413

348

280

400

388

340

289

511

481

419

323

468

452

346

308

366

335

283

364

Current portion of accrued product warranty (Note 10)

743

803

817

809

762

654

624

464

658

454

462

392

352

333

333

335

350

359

388

405

379

363

351

353

345

360

374

393

396

386

406

407

418

422

417

429

435

421

396

407

387

426

422

373

427

Current portion of deferred revenue (Note 3)

527

533

545

505

509

498

500

479

489

500

528

520

498

468

460

433

425

403

414

402

393

401

328

316

295

285

269

243

230

215

208

208

211

208

208

202

189

182

166

142

144

128

-

-

122

Other accrued expenses (Note 11)

971

1,039

997

920

958

852

834

806

764

915

968

974

941

970

985

947

815

863

779

739

778

759

683

646

575

566

547

567

527

546

544

582

651

563

678

663

572

543

620

612

522

424

619

622

499

Taxes payable (including taxes on income)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

125

69

99

112

159

203

173

172

258

297

282

251

255

224

202

-

-

-

94

-

-

179

Current maturities of long-term debt (Note 9)

33

31

37

46

37

45

41

49

57

63

62

45

47

35

35

38

49

39

31

31

33

23

27

33

37

51

47

43

54

61

77

83

-

97

-

-

-

-

-

-

-

-

60

63

-

Total current liabilities

6,982

6,260

6,725

6,289

6,427

6,384

6,416

6,104

5,832

5,677

5,758

4,894

4,662

4,325

4,308

4,150

3,917

3,803

3,968

4,053

4,057

4,021

4,038

3,809

3,555

3,368

3,390

3,462

3,257

3,136

3,309

3,570

3,630

3,657

3,742

3,713

3,451

3,260

3,071

2,807

2,486

2,432

2,311

2,114

2,639

Long-term liabilities
Long-term debt (Note 9)

1,580

1,576

1,619

1,624

1,605

1,597

1,563

1,556

1,571

1,588

1,615

1,564

1,576

1,568

1,593

1,614

1,614

1,576

1,595

1,576

1,602

1,577

1,584

1,627

1,632

1,672

1,731

754

736

698

670

653

650

658

665

702

685

709

732

669

640

637

621

617

629

Postretirement benefits other than pensions

-

-

-

-

-

-

281

289

284

-

319

318

317

329

326

328

339

349

347

351

359

369

333

341

347

356

407

414

422

432

417

425

428

432

446

432

435

439

448

461

466

453

455

442

452

Pensions and other postretirement benefits

588

591

521

522

520

532

331

331

331

619

328

327

325

326

301

299

298

298

292

291

290

289

234

233

232

232

-

-

-

244

-

118

157

-

75

110

146

195

362

370

406

514

425

561

574

Accrued product warranty (Note 10)

640

645

645

663

682

740

-

-

-

466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue (Note 3)

837

821

769

726

697

658

-

-

-

604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities (Note 11)

1,431

1,379

1,314

1,234

1,188

892

2,341

2,441

2,078

957

1,411

1,335

1,278

1,289

1,344

1,434

1,399

1,358

1,514

1,393

1,359

1,415

1,358

1,332

1,251

1,230

1,344

1,325

1,296

1,064

1,184

966

896

1,090

866

839

810

803

765

743

719

760

740

792

745

Total liabilities

12,058

11,272

11,593

11,058

11,119

10,803

10,932

10,721

10,096

9,911

9,431

8,438

8,158

7,837

7,872

7,825

7,567

7,384

7,716

7,664

7,667

7,671

7,547

7,342

7,017

6,858

6,872

5,955

5,711

5,574

5,580

5,732

5,761

5,837

5,794

5,796

5,527

5,406

5,378

5,050

4,717

4,796

4,552

4,526

5,039

Commitments and contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

-

-

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

EQUITY
Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued

2,335

2,346

2,322

2,307

2,273

2,271

2,151

2,239

2,217

2,210

2,198

2,184

2,163

2,153

2,209

2,196

2,076

2,178

2,173

2,164

2,146

2,139

2,125

2,113

2,101

2,099

2,095

2,082

2,064

2,058

2,046

2,036

2,017

2,001

1,982

1,968

1,949

1,934

1,922

1,868

1,862

1,860

1,842

1,796

1,793

Retained earnings

14,728

14,416

14,315

13,897

13,401

12,917

12,519

12,009

11,641

11,464

11,791

11,517

11,265

11,040

10,833

10,716

10,473

10,322

10,331

10,123

9,792

9,545

9,243

8,961

8,629

8,406

8,089

7,850

7,530

7,343

7,068

6,810

6,416

6,038

5,567

5,191

4,737

4,445

4,135

3,900

3,689

3,575

3,340

3,280

3,288

Treasury stock, at cost, 74.9 and 71.7 shares

7,744

7,225

6,784

6,082

6,111

6,028

5,674

5,276

5,061

4,905

4,849

4,586

4,524

4,489

4,468

4,422

4,203

3,735

3,486

3,350

2,975

2,844

2,779

2,604

2,600

2,195

2,104

2,112

1,827

1,830

1,809

1,777

1,590

1,587

1,505

1,333

1,153

964

967

890

769

731

713

714

715

Common stock held by employee benefits trust, at cost, 0.1 and 0.2 shares

1

2

3

4

4

5

6

6

6

7

7

7

7

8

8

9

9

11

11

12

12

13

14

14

15

16

16

17

17

18

19

20

20

22

22

23

24

25

27

35

36

36

43

58

61

Unearned compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

5

Defined benefit postretirement plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

583

597

607

611

738

754

775

794

694

703

713

724

606

613

620

646

778

786

794

788

741

794

798

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-244

-72

-148

-173

-230

-345

-320

-156

-114

-243

-100

-214

-205

-32

-22

-74

-86

-174

-161

-107

-121

-137

-268

Accumulated other comprehensive loss (Note 13)

-2,250

-2,028

-2,040

-1,840

-1,739

-1,807

-1,799

-1,667

-1,397

-1,503

-1,504

-1,615

-1,732

-1,821

-1,632

-1,620

-1,417

-1,348

-1,258

-1,071

-1,245

-1,078

-827

-669

-755

-784

-968

-1,099

-1,095

-950

-808

-946

-813

-938

-811

-645

-642

-720

-864

-960

-955

-895

-862

-931

-1,066

Total Cummins Inc. shareholders' equity

7,068

7,507

7,810

8,278

7,820

7,348

7,191

7,299

7,394

7,259

7,629

7,493

7,165

6,875

6,934

6,861

6,920

7,406

7,749

7,854

7,706

7,749

7,748

7,787

7,360

7,510

7,096

6,704

6,655

6,603

6,478

6,103

6,010

5,492

5,211

5,158

4,867

4,670

4,199

3,883

3,791

3,773

3,563

3,372

3,234

Noncontrolling interests

950

958

943

918

907

911

869

895

902

905

932

329

311

299

330

334

340

344

332

360

363

344

349

371

374

360

368

389

390

371

356

334

348

339

333

359

332

326

295

277

261

247

240

223

246

Total equity

8,018

8,465

8,753

9,196

8,727

8,259

8,060

8,194

8,296

8,164

8,561

7,822

7,476

7,174

7,264

7,195

7,260

7,750

8,081

8,214

8,069

8,093

8,097

8,158

7,734

7,870

7,464

7,093

7,045

6,974

6,834

6,437

6,358

5,831

5,544

5,517

5,199

4,996

4,494

4,160

4,052

4,020

3,803

3,595

3,480

Total liabilities and equity

20,076

19,737

20,346

20,254

19,846

19,062

18,992

18,915

18,392

18,075

17,992

16,260

15,634

15,011

15,136

15,020

14,827

15,134

15,797

15,878

15,736

15,764

15,644

15,500

14,751

14,728

14,336

13,048

12,756

12,548

12,414

12,169

12,119

11,668

11,338

11,313

10,726

10,402

9,872

9,210

8,769

8,816

8,355

8,121

8,519