SEC Filings


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

CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(Unaudited)
 
In millions
Common
Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Treasury
Stock
 
Common
Stock
Held in
Trust
 
Accumulated
Other
Comprehensive
Loss
 
Total
Cummins Inc.
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total
Equity
BALANCE AT DECEMBER 31, 2015
$
556

 
$
1,622

 
$
10,322

 
$
(3,735
)
 
$
(11
)
 
$
(1,348
)
 
$
7,406

 
$
344

 
$
7,750

Net income


 


 
1,016

 


 


 


 
1,016

 
44

 
1,060

Other comprehensive income (loss), net of tax (Note 10)


 


 


 


 


 
(284
)
 
(284
)
 
(3
)
 
(287
)
Issuance of common stock


 
5

 


 


 


 


 
5

 

 
5

Employee benefits trust activity


 
19

 


 


 
3

 


 
22

 

 
22

Repurchases of common stock


 


 


 
(745
)
 


 


 
(745
)
 

 
(745
)
Cash dividends on common stock


 


 
(505
)
 


 


 


 
(505
)
 

 
(505
)
Distributions to noncontrolling interests


 


 


 


 


 


 

 
(49
)
 
(49
)
Stock based awards


 
(7
)
 


 
12

 


 


 
5

 

 
5

Other shareholder transactions


 
14

 


 


 


 


 
14

 
(6
)
 
8

BALANCE AT OCTOBER 2, 2016
$
556

 
$
1,653

 
$
10,833

 
$
(4,468
)
 
$
(8
)
 
$
(1,632
)
 
$
6,934

 
$
330

 
$
7,264

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BALANCE AT DECEMBER 31, 2016
$
556

 
$
1,597

 
$
11,040

 
$
(4,489
)
 
$
(8
)
 
$
(1,821
)
 
$
6,875

 
$
299

 
$
7,174

Net income


 


 
1,273

 


 


 


 
1,273

 
30

 
1,303

Other comprehensive income (loss), net of tax (Note 10)


 


 


 


 


 
317

 
317

 
12

 
329

Issuance of common stock


 
5

 


 


 


 


 
5

 

 
5

Employee benefits trust activity


 
14

 


 


 
1

 


 
15

 

 
15

Repurchases of common stock


 


 


 
(391
)
 


 


 
(391
)
 

 
(391
)
Cash dividends on common stock


 


 
(522
)
 


 


 


 
(522
)
 

 
(522
)
Distributions to noncontrolling interests


 


 


 


 


 


 

 
(29
)
 
(29
)
Stock based awards


 
2

 


 
31

 


 


 
33

 

 
33

Acquisition of business
 
 
 
 
 
 
 
 
 
 
 
 

 
600

 
600

Other shareholder transactions


 
24

 


 


 


 


 
24

 
20

 
44

BALANCE AT OCTOBER 1, 2017
$
556

 
$
1,642

 
$
11,791

 
$
(4,849
)
 
$
(7
)
 
$
(1,504
)
 
$
7,629

 
$
932

 
$
8,561

 
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

7