Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Cummins Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Consolidated net income	840)	2,183)	2,164)	1,811)	2,268)
Change in pension and other postretirement defined benefit plans	(421)	(81)	389)	(1)	(63)
Foreign currency translation adjustments	92)	(384)	(9)	71)	(152)
Unrealized gain (loss) on derivatives	10)	106)	26)	(34)	(11)
Other comprehensive (loss) income, net of tax	(319)	(359)	406)	36)	(226)
Comprehensive income	521)	1,824)	2,570)	1,847)	2,042)
Comprehensive (income) loss attributable to noncontrolling interests	(102)	8)	(28)	(12)	(3)
Comprehensive income attributable to Cummins Inc.	419)	1,832)	2,542)	1,835)	2,039)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Comprehensive income item	Description	The company
Net income attributable to Cummins Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Cummins Inc. net income attributable to Cummins Inc. increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Comprehensive income attributable to Cummins Inc.	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Cummins Inc. comprehensive income attributable to Cummins Inc. decreased from 2021 to 2022 and from 2022 to 2023.

Cummins Inc. (NYSE:CMI)

Statement of Comprehensive Income