Cummins Deferred Income Taxes and Other Tax Liabilities, Noncurrent decreased by 6.4% to $379.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.8%, from $386.00M to $379.00M. Over 4 years (FY 2020 to FY 2024), Deferred Income Taxes and Other Tax Liabilities, Noncurrent shows an upward trend with a 4.6% CAGR.
Growth in this metric is common for utilities investing heavily in capital assets, as it reflects the tax benefit of depreciation timing.
This represents non-current tax liabilities arising from temporary differences between the book value of assets and thei...
Standard for capital-intensive industries; peers with large infrastructure investments typically carry significant deferred tax liabilities.
other_deferred_income_taxes_and_other_tax_liabilities_no_3a4489| 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 | $321.00M | $327.00M | $403.00M | $385.00M | $395.00M | $570.00M | $649.00M | $662.00M | $615.00M | $607.00M | $530.00M | $355.00M | $351.00M | $386.00M | $389.00M | $395.00M | $405.00M | $379.00M |
| QoQ Change | — | +1.9% | +23.2% | -4.5% | +2.6% | +44.3% | +13.9% | +2.0% | -7.1% | -1.3% | -12.7% | -33.0% | -1.1% | +10.0% | +0.8% | +1.5% | +2.5% | -6.4% |
| YoY Change | — | — | — | — | +23.1% | +74.3% | +61.0% | +71.9% | +55.7% | +6.5% | -18.3% | -46.4% | -42.9% | -36.4% | -26.6% | +11.3% | +15.4% | -1.8% |