For the year ending 2025-12-31, CMI has $33,992M in assets. $20,584M in debts.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 2,845 | - | - | - |
| Marketable securities (note 5) | 764 | - | - | - |
| Cash, cash equivalents and marketable securities | 3,609 | 2,264 | 2,741 | 2,573 |
| Trade and other | 5,818 | 5,181 | 5,583 | 4,826 |
| Nonconsolidated equity investees | - | - | - | 376 |
| Inventories (note 6) | 5,822 | 5,742 | 5,677 | 5,603 |
| Prepaid expenses and other current assets | 1,676 | 1,565 | 1,197 | 1,073 |
| Total current assets | 16,925 | 14,752 | 15,198 | 14,451 |
| Property, plant and equipment, net (note 7) | 6,958 | 6,356 | 6,249 | 5,521 |
| Investments and advances related to equity method investees (note 3) | 2,133 | 1,889 | 1,800 | 1,759 |
| Goodwill (note 9) | 2,224 | 2,370 | 2,499 | 2,343 |
| Other intangible assets, net (note 9) | 2,167 | 2,351 | 2,519 | 2,687 |
| Pension assets (note 10) | 1,033 | 1,189 | 1,197 | 1,398 |
| Other assets (note 11) | 2,552 | 2,633 | 2,543 | 2,140 |
| Total assets | 33,992 | 31,540 | 32,005 | 30,299 |
| Accounts payable (principally trade) | 3,800 | 3,951 | 4,260 | 4,252 |
| Loans payable (note 12) | 313 | 356 | 280 | 210 |
| Commercial paper (note 12) | 353 | 1,259 | 1,496 | 2,574 |
| Current maturities of long-term debt (note 12) | 94 | 660 | 118 | 573 |
| Accrued compensation, benefits and retirement costs | 825 | 1,084 | 1,108 | 617 |
| Current portion of accrued product warranty (note 13) | 693 | 679 | 667 | 726 |
| Current portion of deferred revenue (note 2) | 1,606 | 1,347 | 1,220 | 1,004 |
| Other accrued expenses (note 11) | 1,926 | 1,898 | 3,754 | 1,465 |
| Total current liabilities | 9,610 | 11,234 | 12,903 | 11,421 |
| Long-term debt (note 12) | 6,792 | 4,784 | 4,802 | 4,498 |
| Deferred revenue (note 2) | 1,054 | 1,065 | 966 | 844 |
| Other liabilities (note 11) | 3,128 | 3,149 | 3,430 | 3,311 |
| Total liabilities | 20,584 | 20,232 | 22,101 | 20,074 |
| Redeemable noncontrolling interest, equity, carrying amount | - | - | 0 | 258 |
| Common stock, 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued | 2,673 | 2,636 | 2,564 | 2,243 |
| Retained earnings | 22,616 | 20,828 | 17,851 | 18,037 |
| Treasury stock, at cost, 84.4 and 85.1 shares | 10,662 | 10,748 | 9,359 | 9,415 |
| Accumulated other comprehensive loss (note 16) | -2,278 | -2,445 | -2,206 | -1,890 |
| Total cummins inc. shareholders' equity | 12,349 | 10,271 | 8,850 | 8,975 |
| Noncontrolling interests (note 17) | 1,059 | 1,037 | 1,054 | 992 |
| Total equity | 13,408 | 11,308 | 9,904 | 9,967 |
| Total liabilities and equity | 33,992 | 31,540 | 32,005 | 30,299 |
CUMMINS INC (CMI)
CUMMINS INC (CMI)