Discontinued — last reported Q4 '15
Deferred Tax Assets - Tax Credit Carryforwards
Cummins Deferred Tax Assets - Tax Credit Carryforwards decreased by 16.9% to $1.08B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.2%, from $1.07B to $1.08B. Over 4 years (FY 2020 to FY 2024), Deferred Tax Assets - Tax Credit Carryforwards shows an upward trend with a 23.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests the company is generating significant tax-advantaged investments or R&D activity.
Detailed definition
A specific component of deferred tax assets representing tax credits that could not be utilized in the current period bu...
Peer comparison
Common in large manufacturing and technology firms with significant R&D or capital investment.
dta_tax_credit_carryforwardsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $436.00M | $411.00M | $428.00M | $494.00M | $525.00M | $472.00M | $625.00M | $688.00M | $767.00M | $865.00M | $1.08B | $950.00M | $1.01B | $1.07B | $1.12B | $1.16B | $1.29B | $1.08B |
| QoQ Change | — | -5.7% | +4.1% | +15.4% | +6.3% | -10.1% | +32.4% | +10.1% | +11.5% | +12.8% | +25.1% | -12.2% | +6.2% | +6.3% | +4.3% | +3.6% | +11.6% | -16.9% |
| YoY Change | — | — | — | — | +20.4% | +14.8% | +46.0% | +39.3% | +46.1% | +83.3% | +73.1% | +38.1% | +31.6% | +24.0% | +3.4% | +22.0% | +28.1% | +0.2% |
Deferred Tax Assets - Tax Credit Carryforwards at Other Companies
Frequently Asked Questions
- What is Cummins's deferred tax assets - tax credit carryforwards?
- Cummins (CMI) reported deferred tax assets - tax credit carryforwards of $1.08B in Q3 2025.
- How has Cummins's deferred tax assets - tax credit carryforwards changed year-over-year?
- Cummins's deferred tax assets - tax credit carryforwards increased by 0.2% year-over-year, from $1.07B to $1.08B.
- What is the long-term trend for Cummins's deferred tax assets - tax credit carryforwards?
- Over 4 years (2020 to 2024), Cummins's deferred tax assets - tax credit carryforwards has grown at a 23.6% compound annual growth rate (CAGR), from $479.00M to $1.12B.
- What does deferred tax assets - tax credit carryforwards mean?
- Tax credits earned but not yet used that can lower future tax bills.