SEC Filings


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

 
 
Three months ended
 
Favorable/
 
Nine months ended
 
Favorable/
 
 
October 1,
 
October 2,
 
(Unfavorable)
 
October 1,
 
October 2,
 
(Unfavorable)
In millions
 
2017
 
2016
 
Amount
 
Percent
 
2017
 
2016
 
Amount
 
Percent
North America
 
$
1,188

 
$
979

 
$
209

 
21
 %
 
$
3,432

 
$
2,899

 
$
533

 
18
 %
Asia Pacific
 
201

 
175

 
26

 
15
 %
 
558

 
531

 
27

 
5
 %
Europe
 
112

 
103

 
9

 
9
 %
 
316

 
315

 
1

 
 %
China
 
66

 
52

 
14

 
27
 %
 
199

 
166

 
33

 
20
 %
Africa and Middle East
 
58

 
85

 
(27
)
 
(32
)%
 
239

 
274

 
(35
)
 
(13
)%
Latin America
 
47

 
36

 
11

 
31
 %
 
125

 
107

 
18

 
17
 %
India
 
41

 
44

 
(3
)
 
(7
)%
 
136

 
131

 
5

 
4
 %
Russia
 
40

 
30

 
10

 
33
 %
 
115

 
88

 
27

 
31
 %
Total sales
 
$
1,753

 
$
1,504

 
$
249

 
17
 %
 
$
5,120

 
$
4,511

 
$
609

 
14
 %
Sales for our Distribution segment by product line were as follows:
 
 
Three months ended
 
Favorable/
 
Nine months ended
 
Favorable/
 
 
October 1,
 
October 2,
 
(Unfavorable)
 
October 1,
 
October 2,
 
(Unfavorable)
In millions
 
2017
 
2016
 
Amount
 
Percent
 
2017
 
2016
 
Amount
 
Percent
Parts
 
$
768

 
$
643

 
$
125

 
19
%
 
$
2,272

 
$
1,933

 
$
339

 
18
%
Engines
 
342

 
271

 
71

 
26
%
 
931

 
791

 
140

 
18
%
Service
 
326

 
299

 
27

 
9
%
 
965

 
895

 
70

 
8
%
Power generation
 
317

 
291

 
26

 
9
%
 
952

 
892

 
60

 
7
%
Total sales
 
$
1,753

 
$
1,504

 
$
249

 
17
%
 
$
5,120

 
$
4,511

 
$
609

 
14
%
Sales
Distribution segment sales for the three months ended October 1, 2017, increased $249 million versus the comparable period in 2016 primarily due to an increase in organic sales of $185 million (primarily in North America) and $89 million of sales related to the acquisition of a North American distributor in the fourth quarter of 2016.
Distribution segment sales for the nine months ended October 1, 2017, increased $609 million versus the comparable period in 2016 primarily due to an increase in organic sales of $399 million (primarily in North America) and $266 million of sales related to the acquisition of a North American distributor in the fourth quarter of 2016.

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