EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES

6 Months Ended

Jun. 30, 2023

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
	June 30,				June 30,
In millions	2023		2022		2023		2022
Manufacturing entities
Dongfeng Cummins Engine Company, Ltd.	$	18	$	11	$	37	$	27
Chongqing Cummins Engine Company, Ltd.	13		7		22		16
Beijing Foton Cummins Engine Co., Ltd.	9		14		25		28
Tata Cummins, Ltd.	7		5		15		14
All other manufacturers	32		13		51		3		(1)
Distribution entities
Komatsu Cummins Chile, Ltda.	13		12		27		19
All other distributors	4		3		7		5
Cummins share of net income	96		65		184		112
Royalty and interest income	37		30		68		79
Equity, royalty and interest income from investees	$	133	$	95	$	252	$	191
(1) Includes a $28 million impairment of our joint venture with KAMAZ and $3 million of royalty charges as part of our costs associated with the indefinite suspension of our Russian operations. See NOTE 14, "RUSSIAN OPERATIONS," to our Condensed Consolidated Financial Statements for additional information.