CUMMINS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (a)
| | | | | | | | | | In millions, except par value | | December 31,
2017 | | December 31,
2016 | ASSETS | | | | | Current assets | | | | | Cash and cash equivalents | | $ | 1,369 |
| | $ | 1,120 |
| Marketable securities | | 198 |
| | 260 |
| Total cash, cash equivalents and marketable securities | | 1,567 |
| | 1,380 |
| Accounts and notes receivable, net | | 3,618 |
| | 3,025 |
| Inventories | | 3,166 |
| | 2,675 |
| Prepaid expenses and other current assets | | 577 |
| | 627 |
| Total current assets | | 8,928 |
| | 7,707 |
| Long-term assets | | | | | Property, plant and equipment, net | | 3,927 |
| | 3,800 |
| Investments and advances related to equity method investees | | 1,156 |
| | 946 |
| Goodwill | | 1,082 |
| | 480 |
| Other intangible assets, net | | 973 |
| | 332 |
| Pension assets | | 1,043 |
| | 731 |
| Other assets | | 966 |
| | 1,015 |
| Total assets | | $ | 18,075 |
| | $ | 15,011 |
| | | | | | LIABILITIES | | | | | Current liabilities | | | | | Accounts payable (principally trade) | | $ | 2,579 |
| | $ | 1,854 |
| Loans payable | | 57 |
| | 41 |
| Commercial paper | | 298 |
| | 212 |
| Accrued compensation, benefits and retirement costs | | 811 |
| | 412 |
| Current portion of accrued product warranty | | 454 |
| | 333 |
| Current portion of deferred revenue | | 500 |
| | 468 |
| Other accrued expenses | | 915 |
| | 970 |
| Current maturities of long-term debt | | 63 |
| | 35 |
| Total current liabilities | | 5,677 |
| | 4,325 |
| Long-term liabilities | | | | | Long-term debt | | 1,588 |
| | 1,568 |
| Postretirement benefits other than pensions | | 289 |
| | 329 |
| Pensions | | 330 |
| | 326 |
| Other liabilities and deferred revenue | | 2,027 |
| | 1,289 |
| Total liabilities | | $ | 9,911 |
| | $ | 7,837 |
| | | | | | EQUITY | | | | | Cummins Inc. shareholders’ equity | | | | | Common stock, $2.50 par value, 500 shares authorized, 222.4 and 222.4 shares issued | | $ | 2,210 |
| | $ | 2,153 |
| Retained earnings | | 11,464 |
| | 11,040 |
| Treasury stock, at cost, 56.7 and 54.2 shares | | (4,905 | ) | | (4,489 | ) | Common stock held by employee benefits trust, at cost, 0.5 and 0.7 shares | | (7 | ) | | (8 | ) | Accumulated other comprehensive loss | | (1,503 | ) | | (1,821 | ) | Total Cummins Inc. shareholders’ equity | | 7,259 |
| | 6,875 |
| Noncontrolling interests | | 905 |
| | 299 |
| Total equity | | $ | 8,164 |
| | $ | 7,174 |
| Total liabilities and equity | | $ | 18,075 |
| | $ | 15,011 |
| | | | | | (a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America. |
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