SEC Filings


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

Comprehensive Income - Foreign Currency Translation Adjustment
The foreign currency translation adjustment was a net gain of $94 million and $276 million, respectively, for the three and nine months ended October 1, 2017, compared to a net loss of $29 million and $299 million for the three and nine months ended October 2, 2016, and was driven by the following:
 
 
Three months ended
 
 
October 1, 2017
 
October 2, 2016
In millions
 
Translation adjustment
 
Primary currency driver vs. U.S. dollar
 
Translation adjustment
 
Primary currency driver vs. U.S. dollar
Wholly-owned subsidiaries
 
$
86

 
British pound, Chinese renminbi
 
$
(33
)
 
British pound, Brazilian real offset by Indian rupee
Equity method investments
 
10

 
Chinese renminbi
 
1

 
Indian rupee, Japanese yen offset by Chinese renminbi
Consolidated subsidiaries with a noncontrolling interest
 
(2
)
 
Indian rupee
 
3

 
Indian rupee
Total
 
$
94

 
 
 
$
(29
)
 
 

 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
 
October 1, 2017
 
October 2, 2016
In millions
 
Translation adjustment
 
Primary currency driver vs. U.S. dollar
 
Translation adjustment
 
Primary currency driver vs. U.S. dollar
Wholly-owned subsidiaries
 
$
233

 
British pound, Chinese renminbi, Indian rupee

 
$
(288
)
 
British pound, Chinese renminbi offset by Brazilian real
Equity method investments
 
31

 
Chinese renminbi, Indian rupee
 
(8
)
 
Chinese renminbi offset by Japanese yen, Mexican peso
Consolidated subsidiaries with a noncontrolling interest
 
12

 
Indian rupee
 
(3
)
 
Indian rupee, Chinese renminbi
Total
 
$
276

 
 
 
$
(299
)
 
 




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