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Cummins Inc's quarterly accounts payable & accrued expense declined from Sep. 2015 ($3,496 Mil) to Dec. 2015 ($3,337 Mil) and declined from Dec. 2015 ($3,337 Mil) to Mar. 2016 ($3,276 Mil).
Cummins Inc's annual accounts payable & accrued expense declined from Dec. 2012 ($2,844 Mil) to Dec. 2013 ($2,655 Mil) but then increased from Dec. 2013 ($2,655 Mil) to Dec. 2014 ($3,511 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Cummins Inc Annual Data
|Accounts Payable & Accrued Expense||2,235||2,482||2,570||2,267||2,996||3,421||2,844||2,655||3,511||3,337|
Cummins Inc Quarterly Data
|Accounts Payable & Accrued Expense||2,655||2,854||3,077||3,254||3,511||3,560||3,550||3,496||3,337||3,276|