SEC Filings


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

Reconciliation of Segment EBIT to Net Income Attributable to Cummins Inc.
The table below reconciles the segment information to the corresponding amounts in the Condensed Consolidated Statements of Income:
 
 
Three months ended
 
Nine months ended
In millions
 
October 1,
2017
 
October 2,
2016
 
October 1,
2017
 
October 2,
2016
TOTAL SEGMENT EBIT
 
$
618

 
$
392

 
$
1,807

 
$
1,458

Non-segment EBIT (1)
 
22

 
6

 
19

 
15

TOTAL EBIT
 
640

 
398

 
1,826

 
1,473

Less: Interest expense
 
18

 
16

 
57

 
51

INCOME BEFORE INCOME TAXES
 
622

 
382

 
1,769

 
1,422

Less: Income tax expense
 
165

 
82

 
466

 
362

CONSOLIDATED NET INCOME
 
457

 
300

 
1,303

 
1,060

Less: Net income attributable to noncontrolling interest
 
4

 
11

 
30

 
44

NET INCOME ATTRIBUTABLE TO CUMMINS INC.
 
$
453

 
$
289

 
$
1,273

 
$
1,016

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(1) Includes intersegment sales, intersegment profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three and nine months ended October 1, 2017 and October 2, 2016.

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