ACQUISITIONS

3 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Mergers, Acquisitions and Dispositions Disclosures

NOTE 16. ACQUISITION

On February 7, 2022, we purchased Westport Fuel System Inc.'s stake in Cummins Westport, Inc. We will continue to operate the business as the sole owner. The purchase price was $42 million and was allocated primarily to cash, warranty and deferred revenue related to extended coverage contracts. The results of the business were reported in our Engine segment. Pro forma financial information for the acquisition was not presented as the effects are not material to our Condensed Consolidated Financial Statements.