ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2024

Following are the changes in accumulated other comprehensive income (loss) by component for the three months ended:



In millions	Change in pension and OPEB plans		Foreign currency translation adjustment		Unrealized gain (loss) on derivatives		Total attributable to Cummins Inc.		Noncontrolling interests		Total
Balance at June 30, 2024	$	(848)	$	(1,595)	$	108	$	(2,335)
Other comprehensive income (loss) before reclassifications
Before-tax amount	1		142		(3)		140		$	2	$	142
Tax benefit	—		21		1		22		—		22
After-tax amount	1		163		(2)		162		2		164
Amounts reclassified from accumulated other comprehensive income (loss) (1)	4		—		(5)		(1)		—		(1)

Net current period other comprehensive income (loss)	5		163		(7)		161		$	2	$	163
Balance at September 30, 2024	$	(843)	$	(1,432)	$	101	$	(2,174)

Balance at June 30, 2023	$	(434)	$	(1,581)	$	98	$	(1,917)
Other comprehensive income (loss) before reclassifications
Before-tax amount	1		(154)		34		(119)		$	(7)	$	(126)
Tax expense	—		(2)		(9)		(11)		—		(11)
After-tax amount	1		(156)		25		(130)		(7)		(137)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	2		—		(6)		(4)		—		(4)
Net current period other comprehensive income (loss)	3		(156)		19		(134)		$	(7)	$	(141)
Balance at September 30, 2023	$	(431)	$	(1,737)	$	117	$	(2,051)

(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.

Following are the changes in accumulated other comprehensive income (loss) by component for the nine months ended:



In millions	Change in pension and OPEB plans		Foreign currency translation adjustment			Unrealized gain (loss) on derivatives		Total attributable to Cummins Inc.		Noncontrolling interests		Total
Balance at December 31, 2023	$	(848)	$	(1,457)		$	99	$	(2,206)
Other comprehensive income (loss) before reclassifications
Before-tax amount	(14)		(56)			23		(47)		$	(3)	$	(50)
Tax benefit (expense)	3		20			(5)		18		—		18
After-tax amount	(11)		(36)			18		(29)		(3)		(32)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	16		61		(2)	(16)		61		—		61

Net current period other comprehensive (loss) income	5		25			2		32		$	(3)	$	29
Balance at September 30, 2024	$	(843)	$	(1,432)		$	101	$	(2,174)

Balance at December 31, 2022	$	(427)	$	(1,552)		$	89	$	(1,890)
Other comprehensive income (loss) before reclassifications
Before-tax amount	(12)		(190)			49		(153)		$	(6)	$	(159)
Tax benefit (expense)	2		5			(10)		(3)		—		(3)
After-tax amount	(10)		(185)			39		(156)		(6)		(162)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	6		—			(11)		(5)		—		(5)
Net current period other comprehensive (loss) income	(4)		(185)			28		(161)		$	(6)	$	(167)
Balance at September 30, 2023	$	(431)	$	(1,737)		$	117	$	(2,051)

(1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.
(2) Primarily related to the divestiture of Atmus. See NOTE 14, "ATMUS INITIAL PUBLIC OFFERING (IPO) AND DIVESTITURE," for additional information.