SEC Filings


10-Q
CUMMINS INC filed this Form 10-Q on 10/31/2017
Entire Document
 

Following are the changes in accumulated other comprehensive income (loss) by component for the nine months ended:
 
 
 
Nine months ended
In millions
 
Change in
pensions and
other
postretirement
defined benefit
plans
 
Foreign
currency
translation
adjustment
 
Unrealized gain
(loss) on
marketable
securities
 
Unrealized gain
(loss) on
derivatives
 
Total
attributable to
Cummins Inc.
 
Noncontrolling
interests
 
Total other comprehensive income (loss)
Balance at December 31, 2015
 
$
(654
)
 
$
(696
)
 
$
(2
)
 
$
4

 
$
(1,348
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
5

 
(316
)
 
1

 
(40
)
 
(350
)
 
$
(3
)
 
$
(353
)
Tax benefit (expense)
 
(1
)
 
20

 

 
7

 
26

 

 
26

After tax amount
 
4

 
(296
)
 
1

 
(33
)
 
(324
)
 
(3
)
 
(327
)
Amounts reclassified from accumulated other comprehensive loss(1)(2)
 
27

 

 

 
13

 
40

 

 
40

Net current period other comprehensive income (loss)
 
31

 
(296
)
 
1

 
(20
)
 
(284
)
 
$
(3
)
 
$
(287
)
Balance at October 2, 2016
 
$
(623
)
 
$
(992
)
 
$
(1
)
 
$
(16
)
 
$
(1,632
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
$
(685
)
 
$
(1,127
)
 
$
(1
)
 
$
(8
)
 
$
(1,821
)
 
 

 
 

Other comprehensive income before reclassifications
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Before tax amount
 
8

 
286

 
2

 
(14
)
 
282

 
$
12

 
$
294

Tax benefit (expense)
 
(3
)
 
(22
)
 

 
5

 
(20
)
 

 
(20
)
After tax amount
 
5

 
264

 
2

 
(9
)
 
262

 
12

 
274

Amounts reclassified from accumulated other comprehensive loss(1)(2)
 
47

 

 
(1
)
 
9

 
55

 

 
55

Net current period other comprehensive income (loss)
 
52

 
264

 
1

 

 
317

 
$
12

 
$
329

Balance at October 1, 2017
 
$
(633
)
 
$
(863
)
 
$

 
$
(8
)
 
$
(1,504
)
 
 

 
 


____________________________________
(1) Amounts are net of tax.  
(2) Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.

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