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Cummins Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Cummins holds $34.4B in total assets. Shareholders' equity is $12.4B against $8.0B in total debt. Cash and equivalents total $2.6B. The current ratio is 1.71 and debt-to-equity is 0.650. Based on the Q1 2026 filing.

Total Assets$34.4BTotal Stockholders Equity$12.4BLong Term Debt$6.9BCash And Equivalents$2.6BTotal Current Assets$17.4BTotal Current Liabilities$10.2B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$88.3B
P/E Ratio31.67
ROE23.95%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$4.0B$4.3B$4.2B$3.8B$3.8B$4.4B
Accrued Manufacturing Costs$1.1B$523.0M$657.0M$770.0M$825.0M$597.0M
Accrued Marketing and Advertising Expenses$335.0M$328.0M$364.0M$348.0M$346.0M$343.0M
Accrued Progress Collections and Price Adjustments$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Other Commercial Liabilities$1.9B$1.9B$1.9B$1.8B$1.9B$2.0B
Accrued Liabilities, Current$1.9B$1.9B$1.9B$1.8B$1.9B$2.0B
Compensation and benefits$1.1B$523.0M$657.0M$770.0M$825.0M$597.0M
Current portion of accrued product warranty$679.0M$685.0M$657.0M$660.0M$693.0M$638.0M
Current portion of long-term debt$356.0M$291.0M$336.0M$315.0M$313.0M$451.0M
Deferred revenue$1.1B$1.2B$1.2B$1.2B$1.6B$1.6B
Derivative Liabilities - Fair Value$131.0M$86.0M$57.0M$55.0M$69.0M$63.0M
Income taxes payable$244.0M$367.0M$261.0M$150.0M$156.0M$169.0M
Operating lease liabilities, current$130.0M$133.0M$140.0M$140.0M$138.0M$136.0M
Supplier Finance Program Obligations$142.0M$164.0M$153.0M$139.0M$153.0M$157.0M
Total current liabilities$11.2B$11.6B$10.3B$9.5B$9.6B$10.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$2.4B-$2.4B-$2.2B-$2.2B-$2.3B-$2.4B
Common stock$2.6B$2.6B$2.6B$2.7B$2.7B$2.6B
Treasury Stock, Value$10.7B$10.7B$10.7B$10.7B$10.7B$10.9B
Retained earnings$20.8B$21.4B$22.0B$22.3B$22.6B$23.0B
Total liabilities and stockholders' equity$31.5B$32.5B$34.3B$33.6B$34.0B$34.4B
Total stockholders' equity$10.3B$10.9B$11.8B$12.1B$12.3B$12.4B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$1.7B$1.5B$2.3B$2.6B$2.8B$2.6B
Cash Cash Equivalents And Short Term Investments$2.3B$2.2B$3.1B$3.2B$3.6B$3.2B
Short- term Investments$593.0M$626.0M$755.0M$593.0M$764.0M$568.0M
Finished goods$2.9B$3.0B$3.1B$3.2B$3.1B$3.2B
Inventories$5.7B$6.1B$6.3B$6.3B$5.8B$6.1B
Inventory (FIFO Basis)$6.0B$6.3B$6.5B$6.5B$6.1B$6.3B
Marketable Equity Securities (FV-NI) - Cost Basis$591.0M$622.0M$747.0M$581.0M$750.0M$555.0M
Prepaid expenses and other current assets$1.6B$1.6B$1.7B$1.7B$1.7B$1.5B
Short-term investments$593.0M$626.0M$755.0M$593.0M$764.0M$568.0M
Total current assets$14.8B$15.5B$16.9B$16.7B$16.9B$17.4B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Finance lease liabilities$125.0M$127.0M$131.0M$135.0M$136.0M$134.0M
Finance Lease Liabilities (Total)$125.0M$127.0M$131.0M$135.0M$136.0M$134.0M
Long-term debt$5.4B$5.5B$7.4B$6.9B$6.9B$6.9B
Long-Term Debt and Finance Lease Obligations$4.8B$4.8B$6.8B$6.8B$6.8B$6.7B
Marketing and selling$335.0M$328.0M$364.0M$348.0M$346.0M$343.0M
Deferred revenue, net of current portion$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Operating lease liabilities, non-current$409.0M$414.0M$433.0M$428.0M$424.0M$418.0M
Other Debt Including Capitalized Leases$160.0M$149.0M$167.0M$184.0M$175.0M$182.0M
Other non-current liabilities$3.1B$3.1B$3.2B$3.1B$3.1B$3.1B
Total Carrying Value of Debt$7.1B$7.5B$8.1B$7.6B$7.6B$7.7B
Total liabilities$20.2B$20.6B$21.4B$20.5B$20.6B$21.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$41.0M$41.0M$41.0M$35.0M$34.0M$19.0M
Guarantor Obligations - Maximum Exposure—$45.0M$50.0M$55.0M—$46.0M
Line of Credit Remaining Borrowing Capacity—$2.3B$3.6B$3.6B—$3.7B
Accounts Receivable, after Allowance for Credit Loss$5.2B$5.7B$5.9B$5.6B$5.8B$6.5B
Other taxes payable$249.0M$242.0M$262.0M$273.0M$318.0M$271.0M
Gross Unrealized Gains$0.0$0.0$0.0$1.0M$0.0$0.0
Total$41.0M$41.0M$41.0M$35.0M$34.0M$19.0M
Available for sale investments$41.0M$41.0M$41.0M$36.0M$34.0M$19.0M
Cash surrender value of life insurance policies$423.0M$429.0M$438.0M$452.0M$454.0M$425.0M
Commercial paper borrowings outstanding$1.3B$1.7B$353.0M$353.0M$353.0M$349.0M
Common stock, par value (in dollars per share)$2.50$2.50$2.50$2.50$2.50$2.50
Common stock, shares authorized (in shares)500M500M500M500M500M500M
Common stock, shares issued (in shares)222.5M222.5M222.5M222.5M222.5M222.5M
Contract with Customer, Liability$2.4B$2.6B$2.7B$2.7B$2.7B$2.6B
Unbilled revenue$403.0M$423.0M$409.0M$444.0M$439.0M$323.0M
Long-term debt, gross$7.1B$7.5B$8.1B$7.6B$7.6B$7.7B
Less: net unamortized discount$89.0M$82.0M$95.0M$93.0M$91.0M$89.0M
Deferred Compensation Liability, Classified, Noncurrent$193.0M$179.0M$182.0M$181.0M$210.0M$200.0M
Deferred Income Taxes and Other Tax Liabilities, Noncurrent$389.0M$395.0M$405.0M$379.0M$388.0M$381.0M
Future pension and postretirement benefit obligations$503.0M$500.0M$498.0M$498.0M$443.0M$443.0M
Derivative Assets Liabilities At Fair Value Net$37.0M$19.0M$28.0M$24.0M$20.0M$35.0M
Long-term derivative liabilities$89.0M$80.0M$78.0M$63.0M$72.0M$78.0M
Derivative, Net Liability Position, Aggregate Fair Value$131.0M$86.0M$57.0M$55.0M$69.0M$63.0M
Guarantor obligations, current carrying value—$260.0M$270.0M$270.0M—$262.0M
Value of financial guarantee (up to)—$45.0M$50.0M$55.0M—$46.0M
Inventory, LIFO Reserve$219.0M$213.0M$231.0M$240.0M$256.0M$217.0M
Work-in-process and raw materials$3.1B$3.4B$3.4B$3.3B$3.0B$3.1B
Committed Revolving Credit Facilities—$4.0B$4.0B$4.0B—$4.0B
Fair value of long-term debt$6.7B$7.1B$7.8B$7.4B$7.3B$7.4B
2028—$106.0M$114.0M$128.0M—$617.0M
2029—$293.0M$595.0M$607.0M—$540.0M
2030—$534.0M$536.0M$537.0M—$863.0M
2027—$72.0M$82.0M$95.0M—$139.0M
Remainder of 2026—$649.0M$594.0M$71.0M—$83.0M
Noncontrolling interests in subsidiaries$1.0B$1.0B$1.1B$1.0B$1.1B$1.0B
Other accrued liabilities$940.0M$788.0M$899.0M$904.0M$968.0M$1.0B
Other long-term liabilities$619.0M$625.0M$641.0M$623.0M$610.0M$599.0M
Other (including finance leases)$160.0M$149.0M$167.0M$184.0M$175.0M$182.0M
Liability, Other Postretirement Defined Benefit Plan$104.0M$104.0M$103.0M$104.0M$94.0M$94.0M
Standard and Extended Product Warranty Accrual$2.6B$2.7B$2.7B$2.7B$2.8B$2.8B
Long-term portion of accrued product warranty$843.0M$839.0M$865.0M$867.0M$887.0M$911.0M
Purchase Obligation—$41.0M$48.0M$34.0M—$35.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$5.8B$5.8B$6.0B—$4.0B
Supplier finance program, obligation$142.0M$164.0M$153.0M$139.0M$153.0M$157.0M
Supply Chain Financing, Program Maximum—$551.0M$558.0M$569.0M—$564.0M
Treasury stock, shares (in shares)85.1M84.8M84.7M84.5M84.4M84.5M
Unrecorded Unconditional Purchase Obligation—$677.0M$635.0M$572.0M—$462.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets - Tax Credit Carryforwards$1.1B$1.2B$1.3B$1.1B$1.1B$1.1B
Goodwill$2.4B$2.4B$2.4B$2.2B$2.2B$2.2B
Investments - Amortized Cost Basis$41.0M$41.0M$41.0M$35.0M$34.0M$19.0M
Net Investment in Lease$532.0M$535.0M$555.0M$552.0M$537.0M$529.0M
Prepaid pension assets$1.2B$1.2B$1.2B$1.2B$1.0B$1.0B
Other intangible assets—net$2.4B$2.4B$2.4B$2.3B$2.2B$2.2B
Investments$1.9B$2.0B$2.0B$2.0B$2.1B$2.2B
Operating lease right-of-use assets$532.0M$535.0M$555.0M$552.0M$537.0M$529.0M
Other non-current assets$2.6B$2.6B$2.8B$2.6B$2.6B$2.5B
Property, plant and equipment at cost$11.8B$12.0B$12.3B$12.5B$12.9B$13.0B
Operating Lease Right-of-Use Assets in Other Assets$532.0M$535.0M$555.0M$552.0M$537.0M$529.0M
Other non-current assets$559.0M$523.0M$496.0M$485.0M$498.0M$476.0M
Accumulated depreciation$5.4B$5.6B$5.8B$5.9B$6.0B$6.1B
Property and equipment, net$6.4B$6.4B$6.5B$6.7B$7.0B$6.9B
Software and Technology Licenses, Net$2.6B$2.6B$2.8B$2.6B$2.6B$2.5B
Total assets$31.5B$32.5B$34.3B$33.6B$34.0B$34.4B