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Cummins Inc's quarterly accounts payable declined from Sep. 2013 ($2,685 Mil) to Dec. 2013 ($2,655 Mil) but then increased from Dec. 2013 ($2,655 Mil) to Mar. 2014 ($2,854 Mil).
Cummins Inc's annual accounts payable declined from Dec. 2011 ($3,324 Mil) to Dec. 2012 ($2,458 Mil) but then increased from Dec. 2012 ($2,458 Mil) to Dec. 2013 ($2,655 Mil).
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
Cummins Inc Quarterly Data