SEC Filings


8-K
CUMMINS INC filed this Form 8-K on 10/31/2017
Entire Document
 
CUMMINS INC. AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)

 
In millions
 
Engine
 
Distribution
 
Components(1)
 
Power Systems
 
Total Segment
 
Intersegment Eliminations (2)
 
Total
 
Three months ended October 1, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External sales
 
$
1,783

 
$
1,748

 
$
1,139

 
$
615

 
$
5,285

 
$

 
$
5,285

 
Intersegment sales
 
553

 
5

 
394

 
441

 
1,393

 
(1,393
)
 

 
Total sales
 
2,336

 
1,753

 
1,533

 
1,056

 
6,678

 
(1,393
)
 
5,285

 
Depreciation and amortization (3)
 
47

 
29

 
42

 
30

 
148

 

 
148

 
Research, development and engineering expenses
 
83

 
6

 
63

 
61

 
213

 

 
213

 
Equity, royalty and interest income from investees
 
58

 
11

 
12

 
14

 
95

 

 
95

 
Interest income
 
1

 
2

 

 
1

 
4

 

 
4

 
EBIT
 
229

 
91

 
217

 
81

 
618

 
22

 
640

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT as a percentage of total sales
 
9.8
%
 
5.2
%
 
14.2
%
 
7.7
%
 
9.3
%
 
 
 
12.1
%
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended October 2, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External sales
 
$
1,357

 
$
1,497

 
$
824

 
$
509

 
$
4,187

 
$

 
$
4,187

 
Intersegment sales
 
502

 
7

 
319

 
347

 
1,175

 
(1,175
)
 

 
Total sales
 
1,859

 
1,504

 
1,143

 
856

 
5,362

 
(1,175
)
 
4,187

 
Depreciation and amortization (3)
 
42

 
28

 
32

 
29

 
131

 

 
131

 
Research, development and engineering expenses
 
56

 
3

 
54

 
44

 
157

 

 
157

 
Equity, royalty and interest income from investees
 
38

 
19

 
9

 
8

 
74

 

 
74

 
Loss contingency
 
99

 

 

 

 
99

 

 
99

 
Interest income
 
3

 
1

 
1

 
1

 
6

 

 
6

 
EBIT
 
89

 
96

 
148

 
59

 
392

 
6

 
398

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT as a percentage of total sales
 
4.8
%
 
6.4
%
 
12.9
%
 
6.9
%
 
7.3
%
 
 
 
9.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
The 2017 disclosures include Eaton Cummins Automated Transmission Technologies joint venture results consolidated during the third quarter of 2017. See "ACQUISITION," footnote for additional information.
(2
)
Includes intersegment sales, intersegment profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three months ended October 1, 2017 and October 2, 2016.
(3
)
Depreciation and amortization as shown on a segment basis excludes the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Income as "Interest expense."

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