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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 34,065 $ 28,074 $ 24,021
Cost of sales 25,816 21,355 18,326
Gross Margin 8,249 6,719 5,695 Close
OPERATING EXPENSES AND INCOME       Close
Selling, general and administrative expenses 3,333 2,687 2,374 Close
Research, development and engineering expenses 1,500 1,278 1,090 Close
Equity, royalty and interest income from investees 483 349 506 Close
Other operating expense, net (Note 2) 2,138 174 31 CloseClose
Total Operating Expenses 7454.0 4488.0 4001.0 0 0 Close
OPERATING INCOME 1,761 2,929 2,706 Close
Interest expense 375 199 111 Close
Total Other Income Expenses 615.0 288.0 267.0 0 0 Close
Other income, net 240 89 156 CloseClose
INCOME BEFORE INCOME TAXES 1,626 2,819 2,751 Close
Income tax expense (Note 5) 786 636 587 Close
CONSOLIDATED NET INCOME 840 2,183 2,164 Close
Less: Net income attributable to noncontrolling interests 105 32 33
Cummins share of net income $ 735 $ 2,151 $ 2,131
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 20)      
Basic (in dollars per share) $ 5.19 $ 15.20 $ 14.74
Diluted (in dollars per share) $ 5.15 $ 15.12 $ 14.61