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EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES | 3 Months Ended
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Mar. 29, 2020
Equity Method Investments and Joint Ventures [Abstract] |
EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES | NOTE 5. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting period was as follows:
|  | Three months ended |  |  |  |  |  |
In millions |  | March 29, 2020 |  | March 31, 2019 |  |  |  |
Manufacturing entities |  |  |  |  |  |  |  |  |  |
Beijing Foton Cummins Engine Co., Ltd. |  | $ | 17 |  |  | $ | 21 |  |  |  |  |
Chongqing Cummins Engine Company, Ltd. |  | 9 |  |  | 12 |  |  |  |  |
Dongfeng Cummins Engine Company, Ltd. |  | 8 |  |  | 14 |  |  |  |  |
All other manufacturers |  | 55 |  | (1) | 27 |  |  |  |  |
Distribution entities |  |  |  |  |  |  |  |
Komatsu Cummins Chile, Ltda. |  | 10 |  |  | 6 |  |  |  |  |
All other distributors |  | — |  |  | (1) |  |  |  |  |
Cummins share of net income |  | 99 |  |  | 79 |  |  |  |  |
Royalty and interest income |  | 30 |  |  | 13 |  |  |  |  |
Equity, royalty and interest income from investees |  | $ | 129 |  |  | $ | 92 |  |  |  |  |
(1) Includes $37 million in adjustments related to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Changes) passed in March 2020. See NOTE 6, "INCOME TAXES" for additional information on India Tax Law Changes. |  |  |  |  |  |  |  |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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