CMI 10-K Annual Report Dec. 31, 2020 | Alphaminr
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CMI 10-K Fiscal year ended Dec. 31, 2020

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CUMMINS INC
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. Selected Financial DataItem 7. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1summary Of Significant Accounting PoliciesNote 2revenue From Contracts with CustomersNote 3investments in Equity InvesteesNote 4income TaxesNote 5marketable SecuritiesNote 6inventoriesNote 7property, Plant and EquipmentNote 9goodwill and Other Intangible AssetsNote 12product Warranty LiabilityNote 13pensions and Other Postretirement BenefitsNote 14commitments and ContingenciesNote 15cummins Inc. Shareholders' EquityNote 16accumulated Other Comprehensive LossNote 17noncontrolling InterestsNote 18stock Incentive and Stock Option PlansNote 19earnings Per Common Share Attributable To Cummins IncNote 20acquisitionsNote 22operating SegmentsNote 1. Summary Of Significant Accounting PoliciesNote 2. Revenue From Contracts with CustomersNote 3. Investments in Equity InvesteesNote 4. Income TaxesNote 5. Marketable SecuritiesNote 6. InventoriesNote 7. Property, Plant and EquipmentNote 8. LeasesNote 9. Goodwill and Other Intangible AssetsNote 10. Supplemental Balance Sheet DataNote 11. DebtNote 12. Product Warranty LiabilityNote 13. Pensions and Other Postretirement BenefitsNote 14. Commitments and ContingenciesNote 15. Cummins Inc. Shareholders' EquityNote 16. Accumulated Other Comprehensive LossNote 17. Noncontrolling InterestsNote 18. Stock Incentive and Stock Option PlansNote 19. Earnings Per Common Share Attributable To Cummins IncNote 20. AcquisitionsNote 21. Restructuring ActionsNote 22. Operating SegmentsItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships, Related Transactions and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesItem 16. Form 10-k Summary (optional)

Exhibits

3 (a) Restated Articles of Incorporation, as amended and restated, effective as of May 8, 2018 (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 9, 2018 (File No. 001-04949)). 3 (b) By-Laws, as amended and restated, effective as of February 12, 2019 (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on February 13, 2019 (File No. 001-04949)). 4 (a) Indenture, dated as of September 16, 2013, by and between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 to the Registration Statement on Form S-3 filed with the Securities and Exchange Commission on September 16, 2013 (Registration Statement No. 333-191189)). 4 (b) First Supplemental Indenture, dated as of September 24, 2013, between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Current Report on 8-K, filed by Cummins Inc. with the Securities and Exchange Commission on September 24, 2013 (File No. 001-04949)). 4 (c) Second Supplemental Indenture, dated as of September 24, 2013, between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 of the Current Report on 8-K, filed by Cummins Inc. with the Securities and Exchange Commission on September 24, 2013 (File No. 001-04949)). 4 (d) Third Supplemental Indenture, dated as of August 24, 2020, between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on August 24, 2020 (File No. 001-04949)). 4 (e) Fourth Supplemental Indenture, dated as of August 24, 2020, between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on August 24, 2020 (File No. 001-04949)). 4 (f) Fifth Supplemental Indenture, dated as of August 24, 2020, between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.4 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on August 24, 2020 (File No. 001-04949)). 4 (g) Description of Capital Stock (incorporated by reference to Exhibit4(d) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2019 (File No. 001-04949)). 10 (a)# 2003 Stock Incentive Plan, as amended (incorporated by reference to Exhibit10(a) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009 (File No. 001-04949)). 10 (b)# Target Bonus Plan (incorporated by reference to Exhibit10(b) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009 (File No. 001-04949)). 10 (c)# Amendment to the Cummins Inc. Deferred Compensation Plan (incorporated by reference to Exhibit 10(c) to Cummins Inc.'s Annual Report on Form 10-K for the year ended December 31, 2018 (File No. 001-04949)). 10 (d)# Deferred Compensation Plan, as amended (incorporated by reference to Exhibit 10(c) to Cummins Inc.s Quarterly Report on Form 10-Q for the quarter ended September 27, 2015 (File No. 001-04949)). 10 (e)# Supplemental Life Insurance and Deferred Income Plan, as amended and restated effective as of December 10, 2018 (incorporated by reference to Exhibit 10(d) to Cummins Inc.'s Annual Report on Form 10-K for the year ended December 31, 2018 (File No. 001-04949)). 10 (f) Credit Agreement, dated as of August 22, 2018, by and among CumminsInc., the subsidiary borrowers referred to therein and the Lenders party thereto (incorporated by reference to Exhibit10.2 to CumminsInc.'s Current Report on Form8-K filed with the Securities and Exchange Commission on August 24, 2018 (File No. 001-04949)). 10 (g)# Deferred Compensation Plan for Non-Employee Directors, as amended (incorporated by reference to Exhibit 10(f) to Cummins Inc.'s Annual Report on Form 10-K for the year ended December 31, 2013 (File No. 001-04949)). 10 (h)# Excess Benefit Retirement Plan, as amended (incorporated by reference to Exhibit10(g) to CumminsInc.'s Quarterly Report on Form10-Q for the quarter ended September 28, 2014 (File No. 001-04949)). 10 (i)# Cummins Inc. Employee Stock Purchase Plan, as amended (incorporated by reference to Exhibit10(i) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2019 (File No. 001-04949)). 10 (j)# Longer Term Performance Plan (incorporated by reference to Exhibit10(i) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009 (File No. 001-04949)). 10 (k)# 2006 Executive Retention Plan, as amended (incorporated by reference to Exhibit10(j) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2011 (File No. 001-04949)). 10 (l)# Senior Executive Target Bonus Plan (incorporated by reference to Exhibit10(k) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009 (File No. 001-04949)). 10 (m)# Senior Executive Longer Term Performance Plan (incorporated by reference to Exhibit10(l) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009 (File No. 001-04949)). 10 (n)# Form of Stock Option Agreement under the 2003 Stock Incentive Plan (incorporated by reference to Exhibit10(m) to CumminsInc.'s Annual Report on Form10-K for the year ended December31, 2009) (File No. 001-04949). 10 (o)# Form of Long-Term Grant Notice under the 2012 Omnibus Incentive Plan (incorporated by reference to Exhibit10(b) to CumminsInc.'s Quarterly Report on Form10-Q for the quarter ended March 29, 2020 (File No. 001-04949)). 10 (p)# 2012 Omnibus Incentive Plan, as amended and restated (incorporated by reference to Exhibit 10 to CumminsInc.'s Quarterly Report on Form 10-Q for the quarter ended July 1, 2018 (File No.001-04949)). 10 (q)# Form of Stock Option Agreement under the 2012 Omnibus Incentive Plan (filed herewith). 10 (r)# Key Employee Stock Investment Plan (filed herewith). 10 (s)# Second Amended and Restated 364-Day Credit Agreement, dated as of August 19, 2020, by and among Cummins Inc., the subsidiary borrowers referred to therein, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on August 25, 2020 (File No.001-04949)). 10 (t)# Amendment No. 1, dated as of August 21, 2019, by and among Cummins Inc., certain of its subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by Cummins Inc. with the Securities and Exchange Commission on August 21, 2019 (File No. 001-04949)). 10 (u)# Amendment No. 1 to Supplemental Life Insurance and Deferred Income Plan, effective as of July 14, 2020 (incorporated by reference to Exhibit 10.1 to Cummins Inc.s Quarterly Report on Form 10-Q for the quarter ended September 27, 2020 (File No. 001-04949)). 21 Subsidiaries of the Registrant (filed herewith). 23 Consent of PricewaterhouseCoopersLLP (filed herewith). 24 Powers of Attorney (filed herewith). 31 (a) Certification Pursuant to Section302 of the Sarbanes-Oxley Act of 2002 (filed herewith). 31 (b) Certification Pursuant to Section302 of the Sarbanes-Oxley Act of 2002 (filed herewith). 32 Certifications Pursuant to Section906 of the Sarbanes-Oxley Act of 2002 (filed herewith).