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This is the expense the company spent on research and development. Cummins Inc's research and development for the three months ended in Dec. 2016 was $158 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2016 was $636 Mil.
This is the expense the company spent on research and development.
Cummins Inc Research & Development for the trailing twelve months (TTM) ended in Dec. 2016 was 166 (Mar. 2016 ) + 155 (Jun. 2016 ) + 157 (Sep. 2016 ) + 158 (Dec. 2016 ) = $636 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
Cummins Inc Annual Data
|Research & Development||329||422||362||414||629||728||713||754||735||636|
Cummins Inc Quarterly Data
|Research & Development||198||187||195||166||197||177||166||155||157||158|