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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. 2013 was $181 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2013 was $713 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. 2013 was 182 (Mar. 2013 ) + 177 (Jun. 2013 ) + 173 (Sep. 2013 ) + 181 (Dec. 2013 ) = $713 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||241||278||321||329||422||362||414||629||728||713|
Cummins Inc Quarterly Data
|Research & Development||164||179||181||187||186||174||182||177||173||181|