CUMMINS INC (CMI)
CUMMINS INC (CMI)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 2,614 | 2,845 | 2,566 | 2,319 |
| Marketable securities (note 6) | 568 | 764 | 593 | 755 |
| Total cash, cash equivalents and marketable securities | 3,182 | 3,609 | 3,159 | 3,074 |
| Accounts and notes receivable, net | 6,528 | 5,818 | 5,640 | 5,874 |
| Inventories (note 7) | 6,126 | 5,822 | 6,256 | 6,287 |
| Prepaid expenses and other current assets | 1,543 | 1,676 | 1,665 | 1,698 |
| Total current assets | 17,379 | 16,925 | 16,720 | 16,933 |
| Property, plant and equipment | 13,003 | NaN | 12,545 | 12,341 |
| Accumulated depreciation | 6,079 | NaN | 5,887 | 5,801 |
| Property, plant and equipment, net | 6,924 | 6,958 | 6,658 | 6,540 |
| Investments and advances related to equity method investees | 2,221 | 2,133 | 1,972 | 2,018 |
| Goodwill | 2,219 | 2,224 | 2,222 | 2,433 |
| Other intangible assets, net | 2,193 | 2,167 | 2,345 | 2,395 |
| Pension assets | 1,001 | 1,033 | 1,157 | 1,158 |
| Other assets (note 8) | 2,508 | 2,552 | 2,564 | 2,782 |
| Total assets | 34,445 | 33,992 | 33,638 | 34,259 |
| Accounts payable (principally trade) | 4,433 | 3,800 | 3,819 | 4,151 |
| Loans payable (note 9) | 451 | 313 | 315 | 336 |
| Commercial paper (note 9) | 349 | 353 | 353 | 353 |
| Current maturities of long-term debt (note 9) | 157 | 94 | 122 | 615 |
| Accrued compensation, benefits and retirement costs | 597 | 825 | 770 | 657 |
| Current portion of accrued product warranty (note 10) | 638 | 693 | 660 | 657 |
| Current portion of deferred revenue (note 2) | 1,591 | 1,606 | 1,600 | 1,620 |
| Other accrued expenses (note 8) | 1,951 | 1,926 | 1,815 | 1,926 |
| Total current liabilities | 10,167 | 9,610 | 9,454 | 10,315 |
| Long-term debt (note 9) | 6,729 | 6,792 | 6,824 | 6,807 |
| Deferred revenue (note 2) | 1,053 | 1,054 | 1,119 | 1,059 |
| Other liabilities (note 8) | 3,124 | 3,128 | 3,143 | 3,205 |
| Total liabilities | 21,073 | 20,584 | 20,540 | 21,386 |
| Common stock, 2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued | 2,602 | 2,673 | 2,651 | 2,624 |
| Retained earnings | 22,994 | 22,616 | 22,300 | 22,040 |
| Treasury stock, at cost, 84.5 and 84.4 shares | 10,868 | 10,662 | 10,676 | 10,708 |
| Accumulated other comprehensive loss (note 12) | -2,377 | -2,278 | -2,211 | -2,167 |
| Total cummins inc. shareholders equity | 12,351 | 12,349 | 12,064 | 11,789 |
| Noncontrolling interests | 1,021 | 1,059 | 1,034 | 1,084 |
| Total equity | 13,372 | 13,408 | 13,098 | 12,873 |
| Total liabilities and equity | 34,445 | 33,992 | 33,638 | 34,259 |