| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 2,566 | 2,319 | 1,532 | 1,733 |
| Marketable securities (note 6) | 593 | 755 | 626 | 518 |
| Total cash, cash equivalents and marketable securities | 3,159 | 3,074 | 2,158 | 2,251 |
| Accounts and notes receivable, net | 5,640 | 5,874 | 5,680 | 5,387 |
| Inventories (note 7) | 6,256 | 6,287 | 6,123 | 6,134 |
| Prepaid expenses and other current assets | 1,665 | 1,698 | 1,579 | 1,544 |
| Total current assets | 16,720 | 16,933 | 15,540 | 15,316 |
| Property, plant and equipment | 12,545 | 12,341 | 12,007 | 11,603 |
| Accumulated depreciation | 5,887 | 5,801 | 5,600 | 5,427 |
| Property, plant and equipment, net | 6,658 | 6,540 | 6,407 | 6,176 |
| Investments and advances related to equity method investees | 1,972 | 2,018 | 1,990 | 1,922 |
| Goodwill | 2,222 | 2,433 | 2,397 | 2,412 |
| Other intangible assets, net | 2,345 | 2,395 | 2,401 | 2,462 |
| Pension assets | 1,157 | 1,158 | 1,150 | 1,208 |
| Other assets (note 8) | 2,564 | 2,782 | 2,646 | 2,556 |
| Total assets | 33,638 | 34,259 | 32,531 | 32,052 |
| Accounts payable (principally trade) | 3,819 | 4,151 | 4,311 | 4,206 |
| Loans payable (note 9) | 315 | 336 | 291 | 441 |
| Commercial paper (note 9) | 353 | 353 | 1,740 | 1,636 |
| Current maturities of long-term debt (note 9) | 122 | 615 | 661 | 654 |
| Accrued compensation, benefits and retirement costs | 770 | 657 | 523 | 1,011 |
| Current portion of accrued product warranty (note 10) | 660 | 657 | 685 | 685 |
| Current portion of deferred revenue (note 2) | 1,600 | 1,620 | 1,506 | 1,225 |
| Other accrued expenses (note 8) | 1,815 | 1,926 | 1,858 | 1,745 |
| Total current liabilities | 9,454 | 10,315 | 11,575 | 11,603 |
| Long-term debt (note 9) | 6,824 | 6,807 | 4,796 | 4,856 |
| Deferred revenue (note 2) | 1,119 | 1,059 | 1,053 | 1,090 |
| Other liabilities (note 8) | 3,143 | 3,205 | 3,136 | 3,162 |
| Total liabilities | 20,540 | 21,386 | 20,560 | 20,711 |
| Common stock, 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued | 2,651 | 2,624 | 2,600 | 2,612 |
| Retained earnings | 22,300 | 22,040 | 21,401 | 20,660 |
| Treasury stock, at cost, 84.5 and 85.1 shares | 10,676 | 10,708 | 10,711 | 10,783 |
| Accumulated other comprehensive loss (note 12) | -2,211 | -2,167 | -2,366 | -2,174 |
| Total cummins inc. shareholders' equity | 12,064 | 11,789 | 10,924 | 10,315 |
| Noncontrolling interests | 1,034 | 1,084 | 1,047 | 1,026 |
| Total equity | 13,098 | 12,873 | 11,971 | 11,341 |
| Total liabilities and equity | 33,638 | 34,259 | 32,531 | 32,052 |
CUMMINS INC (CMI)
CUMMINS INC (CMI)