Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

Cummins Inc.

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	2,566	2,319	1,532	1,671	1,733	1,590
Cash and Cash Equivalents
Short-Term Investments	593	755	626	593	518	593
Marketable Securities
Total Cash and Cash Equivalents	3,159	3,074	2,158	2,264	2,251	2,183
Accounts Receivable	—	—	—	—	—	—
Trade and Other
Trade and Other
Other Receivables	—	—	—	—	—	—
Nonconsolidated Equity Investees
Nonconsolidated Equity Investees
Total Trade Receivables	—	—	—	—	—	—
Inventories	6,256	6,287	6,123	5,742	6,134	5,857
Inventories
Other Current Assets	1,665	1,698	1,579	1,565	1,544	1,316
Restricted Cash
Prepaid Expenses and Other Current Assets
Total Current Assets	16,720	16,933	15,540	14,752	15,316	14,962
Total Current Assets
Net Property, Plant & Equipment	6,658	6,540	6,407	6,356	6,176	6,053
Property, Plant and Equipment, Net
Net Intangible Assets	2,345	2,395	2,401	2,351	2,462	2,502
Other Intangible Assets, Net
Goodwill	2,222	2,433	2,397	2,370	2,412	2,394
Goodwill
Long-Term Investments	1,972	2,018	1,990	1,889	1,922	1,828
Investments and Advances Related to Equity Method Investees
Other Long-Term Assets	3,721	3,940	3,796	3,822	3,764	3,581
Pension Assets
Other Assets
Total Assets	33,638	34,259	32,531	31,540	32,052	31,320
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	3,819	4,151	4,311	3,951	4,206	4,405
Accounts Payable (Principally Trade)
Accrued Expenses	3,245	3,240	3,066	3,661	3,441	3,351
Accrued Compensation, Benefits and Retirement Costs
Current Portion of Accrued Product Warranty
Other Accrued Expenses
Short-Term Debt	668	689	2,031	1,615	2,077	1,910
Commercial Paper
Loans Payable
Commercial Paper
Current Portion of Long-Term Debt	122	615	661	660	654	167
Current Maturities of Long-Term Debt
Unearned Revenue	1,600	1,620	1,506	1,347	1,225	1,311
Current Portion of Deferred Revenue
Total Current Liabilities	9,454	10,315	11,575	11,234	11,603	11,144
Total Current Liabilities
Long-Term Debt	6,824	6,807	4,796	4,784	4,856	5,426
Long-Term Debt
Other Long-Term Liabilities	4,262	4,264	4,189	4,214	4,252	4,174
Postretirement Benefits Other Than Pensions
Pensions
Other Liabilities and Deferred Revenue
Pensions and Other Postretirement Benefits
Accrued Product Warranty
Deferred Revenue
Other Liabilities
Total Long-Term Liabilities	11,086	11,071	8,985	8,998	9,108	9,600
Total Liabilities	20,540	21,386	20,560	20,232	20,711	20,744
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	2,651	2,624	2,600	2,636	2,612	2,582
Common Stock
Treasury Stock	-10,676	-10,708	-10,711	-10,748	-10,783	-10,797
Treasury Stock, at Cost
Common Stock Held by Employee Benefits Trust, at Cost
Retained Earnings	22,300	22,040	21,401	20,828	20,660	20,101
Retained Earnings
Total Common Shareholders' Equity	12,064	11,789	10,924	10,271	10,315	9,551
Total Cummins Inc. Shareholders' Equity
Minority Interests and Other	1,034	1,084	1,047	1,037	1,026	1,025
Redeemable Noncontrolling Interests
Noncontrolling Interests
Total Shareholders' Equity	13,098	12,873	11,971	11,308	11,341	10,576
Total Equity
Total Liabilities and Shareholders' Equity	33,638	34,259	32,531	31,540	32,052	31,320
Total Liabilities and Equity