EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES

6 Months Ended

Jul. 04, 2021

Equity Method Investments and Joint Ventures [Abstract]

EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES

NOTE 4. 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 periods was as follows:

	Three months ended				Six months ended
In millions	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Manufacturing entities
Beijing Foton Cummins Engine Co., Ltd.	$	46	$	34	$	85	$	51
Dongfeng Cummins Engine Company, Ltd.	21		26		52		34
Chongqing Cummins Engine Company, Ltd.	10		11		20		20
All other manufacturers	29		23		90		78		(1)
Distribution entities
Komatsu Cummins Chile, Ltda.	9		7		15		17
All other distributors	1		—		4		—
Cummins share of net income	116		101		266		200
Royalty and interest income	21		14		37		44
Equity, royalty and interest income from investees	$	137	$	115	$	303	$	244
(1) Includes $37 million in favorable adjustments related to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Change) passed in March 2020.