CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2.50
Common stock, shares authorized	500.0
Common stock, shares issued	222.5	222.5
Treasury Stock, Common, Shares	84.7	85.1
Current assets
Cash and cash equivalents	$ 2,319	$ 1,671
Marketable securities (Note 6)	755	593
Total cash, cash equivalents and marketable securities	3,074	2,264
Accounts and notes receivable, net	5,874	5,181
Inventories (Note 7)	6,287	5,742
Prepaid expenses and other current assets	1,698	1,565
Total current assets	16,933	14,752
Long-term assets
Property, plant and equipment	12,341	11,796
Accumulated depreciation	(5,801)	(5,440)
Property, plant and equipment, net	6,540	6,356
Investments and advances related to equity method investees	2,018	1,889
Goodwill	2,433	2,370
Other intangible assets, net	2,395	2,351
Pension assets	1,158	1,189
Other assets (Note 8)	2,782	2,633
Total assets	34,259	31,540
Current liabilities
Accounts payable (principally trade)	4,151	3,951
Loans payable (Note 9)	336	356
Commercial paper (Note 9)	353	1,259
Current maturities of long-term debt (Note 9)	615	660
Accrued compensation, benefits and retirement costs	657	1,084
Current portion of accrued product warranty (Note 10)	657	679
Current portion of deferred revenue (Note 2)	1,620	1,347
Other accrued expenses (Note 8)	1,926	1,898
Total current liabilities	10,315	11,234
Long-term liabilities
Long-term debt (Note 9)	6,807	4,784
Deferred revenue (Note 2)	1,059	1,065
Other liabilities (Note 8)	3,205	3,149
Total liabilities	21,386	20,232
Commitments and contingencies (Note 11)
Cummins Inc. shareholders' equity
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued	2,624	2,636
Retained earnings	22,040	20,828
Treasury stock, at cost, 84.7 and 85.1 shares	(10,708)	(10,748)
Accumulated other comprehensive loss (Note 12)	(2,167)	(2,445)
Total Cummins Inc. shareholders' equity	11,789	10,271
Noncontrolling interests	1,084	1,037
Total equity	12,873	11,308
Total Liabilities and Equity	$ 34,259	$ 31,540

CUMMINS INC 10-Q