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Cummins Inc (NYSE:CMI)
Total Liabilities
$7,907 Mil (As of Mar. 2016)

Cummins Inc's total liabilities for the quarter that ended in Mar. 2016 was $7,907 Mil.

Cummins Inc's quarterly total liabilities declined from Sep. 2015 ($8,048.00 Mil) to Dec. 2015 ($7,728.00 Mil) but then increased from Dec. 2015 ($7,728.00 Mil) to Mar. 2016 ($7,907.00 Mil).

Cummins Inc's annual total liabilities increased from Dec. 2012 ($5,945.00 Mil) to Dec. 2013 ($7,218.00 Mil) and increased from Dec. 2013 ($7,218.00 Mil) to Dec. 2014 ($8,027.00 Mil).


Definition

Total liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Cummins Inc's Total Liabilities for the fiscal year that ended in Dec. 2014 is calculated as

Total Liabilities=Total Current Liabilities+Total Long Term Liabilities
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=4021+(1589+0
+NonCurrentDeferredLiabilities+PensionAndRetirementBenefit+Minority Interest)
+1415+658+344)
=8,027

Total Liabilities=Total Assets (A: Dec. 2014 )-Total Shareholder’s Equity (A: Dec. 2014 )
=15776-7749
=8,027

Cummins Inc's Total Liabilities for the quarter that ended in Mar. 2016 is calculated as

Total Liabilities=Total Current Liabilities+(Total Long Term Liabilities)
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=3917+(1614+0
+NonCurrentDeferredLiabilities+PensionAndRetirementBenefit+Minority Interest)
+1399+637+340)
=7,907

Total Liabilities=Total Assets (Q: Mar. 2016 )-Total Shareholder’s Equity (Q: Mar. 2016 )
=14827-6920
=7,907

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Total Assets, Total Shareholder’s Equity, Total Current Liabilities, Long-Term Debt, Other Long-Term Liab.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cummins Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Total Liabilities 4,6634,7865,2895,0435,7326,1765,9457,2188,0277,728

Cummins Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Total Liabilities 7,2187,3917,7137,8968,0278,0308,0248,0487,7287,907
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