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<\/p>\n
Record second-quarter revenues of $9.5 billion; GAAP1 Net Income of $932 million, or 9.9% of sales<\/p>\n
EBITDA2 in the second quarter was 17.5% of sales; Diluted EPS of $6.73<\/p>\n
Full-year revenues are expected to range from up 10% to up 13%, an improvement from prior guidance of up 8% to 11%<\/p>\n
EBITDA is now expected to be in the range of 18.0% to 18.5%, compared to prior guidance of 17.75% to 18.5%<\/p>\n
The company returned $501 million to shareholders in the second quarter in the form of cash dividends and share repurchases<\/p>\n
COLUMBUS, Ind.–(BUSINESS WIRE)–
\nCummins Inc. (NYSE: CMI) today reported results for the second quarter of 2026.<\/p>\n
\n\u201cCummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets,\u201d said Jennifer Rumsey, Chair and CEO of Cummins. \u201cRising demand and disciplined execution drove record performance as we continue to perform well in a complex macroeconomic environment. We are raising our expectations for full year performance and expect the second half of the year to be stronger than the first half. With greater regulatory clarity in on-highway markets in the U.S. and continued momentum across key markets, we are well positioned to deliver for our customers and generate profitable growth.\u201d<\/p>\n
\nSecond-quarter 2026 revenues of $9.5 billion increased 9% from the same quarter in 2025. Sales in North America increased 8% while international revenues, led by growth in China, increased 12%.<\/p>\n
\nNet income attributable to Cummins in the second quarter was $932 million, or $6.73 per diluted share, compared to $890 million, or $6.43 per diluted share, in 2025. The tax rate in the second quarter was 25.1% including $29 million, or $0.21 per diluted share, of unfavorable discrete tax items.<\/p>\n
\nEBITDA in the second quarter was $1.7 billion, or 17.5% of sales, compared to $1.6 billion, or 18.4% of sales, a year ago.<\/p>\n
\n2026 Outlook:<\/p>\n
\nBased on its current forecast, Cummins is raising its full-year 2026 revenue guidance to be up 10% to 13%, due to stronger demand across several markets, particularly North America on-highway, China construction and power generation. EBITDA is expected to be in the range of 18.0% to 18.5%, compared to our prior guidance of 17.75% to 18.5%, excluding the charges related to the sale of the fuel cell business in the first quarter.<\/p>\n
\nCummins plans to continue generating strong operating cash flow and returns for shareholders and is committed to our long-term strategic goal of returning 50% of operating cash flow back to shareholders.<\/p>\n
\n\u201cWe\u2019re raising our financial outlook for 2026 as demand continues to outpace expectations across several key markets,\u201d said Rumsey. \u201cNorth American truck markets continue to improve, while demand for data center power generation remains robust. Our market-leading positions and talented global workforce position us well to capitalize on these trends, meet our customers\u2019 needs, invest in future growth and continue delivering strong returns for shareholders.\u201d<\/p>\n
\nSecond Quarter 2026 Highlights:<\/p>\n
Cummins announced an increase in the quarterly common stock cash dividend from $2.00 to $2.20 per share. The company has increased the quarterly dividend to shareholders for 17 consecutive years.<\/p>\n
In May, Cummins hosted its 2026 Analyst Day and raised its 2030 financial targets, reflecting the strength of its strategy, stronger market positions and rising demand across key markets. The company also announced disciplined capacity and product investments to further strengthen its position in mining and power generation, building on areas where Cummins is already well positioned to deliver long-term growth.<\/p>\n
In June, Cummins announced an agreement with Circe Energy to provide a series of natural gas generator sets to support a scalable, behind-the-meter, prime power microgrid solution for their High-Performance Computing (HPC) data center in Texas. Deliveries are scheduled from 2026 through 2030 and will include Cummins\u2019 HSK78 and QSK60 generator set platforms. The announcement reflects Cummins\u2019 expanding role in supporting the North American data center market with natural gas-fueled generator sets and integrated microgrid controls designed to address power grid constraints, improve reliability and enable fast-start response capabilities in an era of unprecedented AI demand.<\/p>\n
Cummins announced updated Model Year 2027 North American on-highway product launch plans following the EPA’s proposed changes to upcoming emissions regulations. The company will introduce its new X10 and X15 engines through a measured production ramp while maintaining select legacy product availability in 2027. The approach is designed to satisfy the proposed regulatory framework, support customer production schedules and provide additional time to ramp production in a disciplined manner that helps position the industry for a successful transition. Cummins recently showcased these new platforms through the nationwide Forever Rising Tour, providing customers with hands-on experience and direct engagement with the company’s latest powertrain technologies.<\/p>\n
\n1 Generally Accepted Accounting Principles in the U.S. <\/p>\n
\n2 Earnings or losses before interest expense, income taxes, depreciation and amortization and noncontrolling interests<\/p>\n
\nSecond quarter 2026 detail (all comparisons to same period in 2025):<\/p>\n
\nEBITDA percentage for the company and some of the individual segments declined year-over-year. This was primarily due to higher incentive compensation, tied to expected record full-year results. EBITDA percentage for the company is expected to be higher in the second half and full year 2026 compared to the same periods in 2025.<\/p>\n
\nEngine Segment<\/p>\n
Sales – $3.1 billion, up 6%<\/p>\n
Segment EBITDA – $386 million, or 12.5% of sales, compared to $400 million, or 13.8% of sales<\/p>\n
Revenues in North America increased 1% and international sales increased 23% due to stronger construction demand in China.<\/p>\n
\nComponents Segment<\/p>\n
Sales – $2.9 billion, up 7%<\/p>\n
Segment EBITDA – $381 million, or 13.2% of sales, compared to $397 million, or 14.7% of sales<\/p>\n
Revenues in North America increased 6% and international sales increased 8% primarily due to stronger truck demand in the United States and China.<\/p>\n
\nDistribution Segment<\/p>\n
Sales – $3.3 billion, up 9%<\/p>\n
Segment EBITDA – $451 million, or 13.6% of sales, compared to $445 million, or 14.6% of sales<\/p>\n
Revenues in North America increased 13% and international sales increased 1% driven by increased demand for power generation products, particularly for data center applications.<\/p>\n
\nPower Systems Segment<\/p>\n
Sales – $2.3 billion, up 19%<\/p>\n
Segment EBITDA – $552 million, or 24.5% of sales, compared to $430 million, or 22.8% of sales<\/p>\n
Revenues in North America increased 19% and international sales increased 19% driven primarily by increased power generation demand, particularly for data center markets in the United States, China and Asia Pacific.<\/p>\n
\nAccelera Segment<\/p>\n
Sales – $145 million, up 38%<\/p>\n
Segment EBITDA loss – $69 million<\/p>\n
Revenues increased due to stronger eMobility demand. The company remains committed to pacing and focusing its zero-emissions investments on the most promising paths in order to ensure long-term success as part of Cummins\u2019 Destination Zero strategy, while reducing the rate of ongoing EBITDA losses.<\/p>\n
\nAbout Cummins Inc.<\/p>\n
\nCummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments\u2014Engine, Components, Distribution, Power Systems and Accelera\u2122 by Cummins\u2014offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers\u2019 needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 67,400 people worldwide and earned $2.8 billion on $33.7 billion in sales in 2025. Learn more at www.cummins.com<\/a>.<\/p>\n \nForward-looking disclosure statement<\/p>\n \nInformation provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into agreements with the U.S. Environmental Protection Agency, California Air Resources Board, the Environmental and Natural Resources Division of the U.S. Department of Justice and the California Attorney General’s Office to resolve certain regulatory civil claims regarding our emissions certification and compliance process for certain engines primarily used in pick-up truck applications in the U.S., which became final and effective in April 2024, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; any adverse consequences from changes in tariffs and other trade disruptions; changes in international, national and regional trade laws, regulations and policies; emissions deregulation; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers’ and original equipment manufacturers’ customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services or not successfully developing new technologies and products to effectively address the energy transition; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology environment and data security; the use of artificial intelligence in our business and in our products, services and features, and challenges with properly managing its use; political, economic and other risks from operations among, between and within numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2025 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at https:\/\/www.sec.gov<\/a> or at https:\/\/www.cummins.com<\/a> in the Investor Relations section of our website.<\/p>\n \nPresentation of Non-GAAP Financial Information<\/p>\n \nEBITDA is a non-GAAP measure used in this release and is defined and reconciled to what management believes to be the most comparable GAAP measure in a schedule attached to this release, except for forward-looking measures of EBITDA where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the non-cash items that are excluded from the non-GAAP outlook measure. Cummins presents this information as it believes it is useful to understanding the Company’s operating performance, and because EBITDA is a measure used internally to assess the performance of the operating units.<\/p>\n \nWebcast information<\/p>\n \nCummins management will host a teleconference to discuss these results today at 10 a.m. EDT. This teleconference will be webcast and available on the Investor Relations section of the Cummins website at www.cummins.com<\/a>. Participants wishing to view the visuals available with the audio are encouraged to sign-in a few minutes prior to the start of the teleconference.<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nCONDENSED CONSOLIDATED STATEMENTS OF NET INCOME<\/p>\n \n(Unaudited) (a)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nThree months ended<\/p>\n \nJune 30,<\/p>\n \n\u00a0<\/p>\n \nSix months ended<\/p>\n \nJune 30,<\/p>\n \nIn millions, except per share amounts<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \nNET SALES<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n9,457<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n8,643<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n17,855<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16,817<\/p>\n \n\u00a0<\/p>\n \nCost of sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,992<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,362<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13,147<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12,381<\/p>\n \nGROSS MARGIN<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,465<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,281<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,708<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,436<\/p>\n \n\u00a0<\/p>\n \nOPERATING EXPENSES AND INCOME<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nSelling, general and administrative expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n893<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n779<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,738<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,550<\/p>\n \n\u00a0<\/p>\n \nResearch, development and engineering expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n385<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n357<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n743<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n701<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income from investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n154<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n118<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n302<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n249<\/p>\n \n\u00a0<\/p>\n \nOther operating expense, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n62<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n301<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n74<\/p>\n \n\u00a0<\/p>\n \nOPERATING INCOME<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,279<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,226<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,228<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,360<\/p>\n \n\u00a0<\/p>\n \nInterest expense<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n80<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n87<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n164<\/p>\n \n\u00a0<\/p>\n \nOther income, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n94<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n86<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n155<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n146<\/p>\n \n\u00a0<\/p>\n \nINCOME BEFORE INCOME TAXES<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,293<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,225<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,227<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,342<\/p>\n \n\u00a0<\/p>\n \nIncome tax expense<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n325<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n297<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n579<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n564<\/p>\n \n\u00a0<\/p>\n \nCONSOLIDATED NET INCOME<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n968<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n928<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,648<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,778<\/p>\n \n\u00a0<\/p>\n \nLess: Net income attributable to noncontrolling interests<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n36<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n38<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n62<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n64<\/p>\n \n\u00a0<\/p>\n \nNET INCOME ATTRIBUTABLE TO CUMMINS INC.<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n932<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n890<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,586<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,714<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nBasic<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6.76<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6.46<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n11.48<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n12.45<\/p>\n \n\u00a0<\/p>\n \nDiluted<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6.73<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6.43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n11.44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n12.38<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nWEIGHTED-AVERAGE COMMON SHARES OUTSTANDING<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nBasic<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n137.9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n137.8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n138.1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n137.7<\/p>\n \n\u00a0<\/p>\n \nDiluted<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n138.5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n138.5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n138.6<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n138.4<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nCONDENSED CONSOLIDATED BALANCE SHEETS<\/p>\n \n(Unaudited) (a)<\/p>\n \n\u00a0<\/p>\n \nIn millions, except par value<\/p>\n \n\u00a0<\/p>\n \nJune 30, 2026<\/p>\n \n\u00a0<\/p>\n \nDecember 31, 2025<\/p>\n \nASSETS<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCurrent assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCash and cash equivalents<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,179<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,845<\/p>\n \n\u00a0<\/p>\n \nMarketable securities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n745<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n764<\/p>\n \n\u00a0<\/p>\n \nTotal cash, cash equivalents and marketable securities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,924<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,609<\/p>\n \n\u00a0<\/p>\n \nAccounts and notes receivable, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,585<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,818<\/p>\n \n\u00a0<\/p>\n \nInventories<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,397<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,822<\/p>\n \n\u00a0<\/p>\n \nPrepaid expenses and other current assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,528<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,676<\/p>\n \n\u00a0<\/p>\n \nTotal current assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18,434<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16,925<\/p>\n \n\u00a0<\/p>\n \nLong-term assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nProperty, plant and equipment, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7,013<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,958<\/p>\n \n\u00a0<\/p>\n \nInvestments and advances related to equity method investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,265<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,133<\/p>\n \n\u00a0<\/p>\n \nGoodwill<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,222<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,224<\/p>\n \n\u00a0<\/p>\n \nOther intangible assets, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,168<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,167<\/p>\n \n\u00a0<\/p>\n \nPension assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,008<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,033<\/p>\n \n\u00a0<\/p>\n \nOther assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,520<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,552<\/p>\n \n\u00a0<\/p>\n \nTotal assets<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n35,630<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n33,992<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLIABILITIES<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCurrent liabilities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nAccounts payable (principally trade)<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,654<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,800<\/p>\n \n\u00a0<\/p>\n \nLoans payable<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n459<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n313<\/p>\n \n\u00a0<\/p>\n \nCommercial paper<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n348<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n353<\/p>\n \n\u00a0<\/p>\n \nCurrent maturities of long-term debt<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n151<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n94<\/p>\n \n\u00a0<\/p>\n \nAccrued compensation, benefits and retirement costs<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n812<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n825<\/p>\n \n\u00a0<\/p>\n \nCurrent portion of accrued product warranty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n658<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n693<\/p>\n \n\u00a0<\/p>\n \nCurrent portion of deferred revenue<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,592<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,606<\/p>\n \n\u00a0<\/p>\n \nOther accrued expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,999<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,926<\/p>\n \n\u00a0<\/p>\n \nTotal current liabilities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10,673<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9,610<\/p>\n \n\u00a0<\/p>\n \nLong-term liabilities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLong-term debt<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,737<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,792<\/p>\n \n\u00a0<\/p>\n \nDeferred revenue<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,066<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,054<\/p>\n \n\u00a0<\/p>\n \nOther liabilities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,248<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,128<\/p>\n \n\u00a0<\/p>\n \nTotal liabilities<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n21,724<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n20,584<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEQUITY<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCummins Inc. shareholders\u2019 equity<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCommon stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,626<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,673<\/p>\n \n\u00a0<\/p>\n \nRetained earnings<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n23,650<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22,616<\/p>\n \n\u00a0<\/p>\n \nTreasury stock, at cost, 84.9 and 84.4 shares<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(11,089<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(10,662<\/p>\n \n)<\/p>\n \nAccumulated other comprehensive loss<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,340<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,278<\/p>\n \n)<\/p>\n \nTotal Cummins Inc. shareholders\u2019 equity<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12,847<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12,349<\/p>\n \n\u00a0<\/p>\n \nNoncontrolling interests<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,059<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,059<\/p>\n \n\u00a0<\/p>\n \nTotal equity<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n13,906<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n13,408<\/p>\n \n\u00a0<\/p>\n \nTotal liabilities and equity<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n35,630<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n33,992<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/p>\n \n(Unaudited) (a)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nThree months ended<\/p>\n \nJune 30,<\/p>\n \n\u00a0<\/p>\n \nSix months ended<\/p>\n \nJune 30,<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \nCASH FLOWS FROM OPERATING ACTIVITIES<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nConsolidated net income<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n968<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n928<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,648<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,778<\/p>\n \n\u00a0<\/p>\n \nAdjustments to reconcile consolidated net income to net cash provided by operating activities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n281<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n279<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n563<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n548<\/p>\n \n\u00a0<\/p>\n \nDeferred income taxes<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(113<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(138<\/p>\n \n)<\/p>\n \nEquity in income of investees, net of dividends<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(30<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(18<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(116<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(88<\/p>\n \n)<\/p>\n \nPension and OPEB expense<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n39<\/p>\n \n\u00a0<\/p>\n \nPension contributions and OPEB payments<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(15<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(13<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(28<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(26<\/p>\n \n)<\/p>\n \nChanges in current assets and liabilities, net of acquisitions and divestiture<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nAccounts and notes receivable<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(60<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(186<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(738<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(643<\/p>\n \n)<\/p>\n \nInventories<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(279<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(105<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(612<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(436<\/p>\n \n)<\/p>\n \nOther current assets<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(136<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(37<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(172<\/p>\n \n)<\/p>\n \nAccounts payable<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n231<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(182<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n860<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n148<\/p>\n \n\u00a0<\/p>\n \nAccrued expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n317<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n243<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n150<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(244<\/p>\n \n)<\/p>\n \nOther, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n28<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n68<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n66<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16<\/p>\n \n\u00a0<\/p>\n \nNet cash provided by operating activities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,499<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n785<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,808<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n782<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCASH FLOWS FROM INVESTING ACTIVITIES<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCapital expenditures<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(249<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(231<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(438<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(393<\/p>\n \n)<\/p>\n \nInvestments in marketable securities\u2014acquisitions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(401<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(326<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(633<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(783<\/p>\n \n)<\/p>\n \nInvestments in marketable securities\u2014liquidations<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n234<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n204<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n641<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n636<\/p>\n \n\u00a0<\/p>\n \nOther, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(16<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(75<\/p>\n \n)<\/p>\n \nNet cash used in investing activities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(419<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(369<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(429<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(615<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCASH FLOWS FROM FINANCING ACTIVITIES<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nProceeds from borrowings<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n107<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,094<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n320<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,146<\/p>\n \n\u00a0<\/p>\n \nNet payments of commercial paper<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,387<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(5<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(906<\/p>\n \n)<\/p>\n \nPayments on borrowings and finance lease obligations<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(140<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(66<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(248<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(210<\/p>\n \n)<\/p>\n \nDividend payments on common stock<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(276<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(251<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(552<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(502<\/p>\n \n)<\/p>\n \nRepurchases of common stock<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(225<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(468<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nPayments for purchase of redeemable noncontrolling interests<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(55<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(55<\/p>\n \n)<\/p>\n \nOther, net<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n11<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(88<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(49<\/p>\n \n)<\/p>\n \nNet cash (used in) provided by financing activities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(524<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n332<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,041<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n424<\/p>\n \n\u00a0<\/p>\n \nEFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n39<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(4<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n57<\/p>\n \n\u00a0<\/p>\n \nNet increase in cash and cash equivalents<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n565<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n787<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n334<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n648<\/p>\n \n\u00a0<\/p>\n \nCash and cash equivalents at beginning of period<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,614<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,532<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,845<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,671<\/p>\n \n\u00a0<\/p>\n \nCASH AND CASH EQUIVALENTS AT END OF PERIOD<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,179<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,319<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,179<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,319<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nSEGMENT INFORMATION<\/p>\n \n(Unaudited)<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nEngine<\/p>\n \n\u00a0<\/p>\n \nComponents<\/p>\n \n\u00a0<\/p>\n \nDistribution<\/p>\n \n\u00a0<\/p>\n \nPower Systems<\/p>\n \n\u00a0<\/p>\n \nAccelera<\/p>\n \n\u00a0<\/p>\n \nTotal Segments<\/p>\n \n\u00a0<\/p>\n \nIntersegment Eliminations (1)<\/p>\n \n\u00a0<\/p>\n \nTotal<\/p>\n \nThree months ended June 30, 2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nExternal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,349<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,431<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,320<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,217<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n140<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n9,457<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n9,457<\/p>\n \n\u00a0<\/p>\n \nIntersegment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n735<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n460<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,038<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,244<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,244<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,084<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,891<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,326<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,255<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n145<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n11,701<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,244<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9,457<\/p>\n \n\u00a0<\/p>\n \nResearch, development and engineering expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n181<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n88<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n79<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n385<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n385<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income (loss) from investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n79<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n154<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n154<\/p>\n \n\u00a0<\/p>\n \nEBITDA (2)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n386<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n381<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n451<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n552<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(69<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,701<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(48<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,653<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization (3)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n77<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n126<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n35<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA as a percentage of segment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.2<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.6<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n24.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNM<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nThree months ended June 30, 2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nExternal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,162<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,295<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,034<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,054<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n98<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n8,643<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n8,643<\/p>\n \n\u00a0<\/p>\n \nIntersegment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n737<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n410<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n835<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,996<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,996<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,899<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,705<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,041<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,889<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n105<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10,639<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,996<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8,643<\/p>\n \n\u00a0<\/p>\n \nResearch, development and engineering expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n151<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n77<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n69<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n46<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n357<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n357<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income (loss) from investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n60<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n26<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(5<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n118<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n118<\/p>\n \n\u00a0<\/p>\n \nEBITDA (2)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n400<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n397<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n445<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n430<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(100<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,572<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,587<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization (3)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n68<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n127<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n32<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n35<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n275<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n275<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA as a percentage of segment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.8<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.7<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.6<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22.8<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNM<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.8<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.4<\/p>\n \n%<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nEngine<\/p>\n \n\u00a0<\/p>\n \nComponents<\/p>\n \n\u00a0<\/p>\n \nDistribution<\/p>\n \n\u00a0<\/p>\n \nPower Systems<\/p>\n \n\u00a0<\/p>\n \nAccelera<\/p>\n \n\u00a0<\/p>\n \nTotal Segments<\/p>\n \n\u00a0<\/p>\n \nIntersegment Eliminations (1)<\/p>\n \n\u00a0<\/p>\n \nTotal<\/p>\n \nSix months ended June 30, 2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nExternal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,315<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,569<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6,429<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,310<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n232<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n17,855<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n17,855<\/p>\n \n\u00a0<\/p>\n \nIntersegment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,441<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n852<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,901<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,221<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(4,221<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,756<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,421<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,442<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,211<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n246<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22,076<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(4,221<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17,855<\/p>\n \n\u00a0<\/p>\n \nResearch, development and engineering expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n345<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n169<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n30<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n145<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n54<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n743<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n743<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income (loss) from investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n159<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n62<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n70<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(9<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n302<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n302<\/p>\n \n\u00a0<\/p>\n \nEBITDA (2)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n665<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n718<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n895<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,129<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(346)<\/p>\n \n(4)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,061<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(118<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,943<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization (3)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n149<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n254<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n69<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n71<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n560<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n560<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA as a percentage of total sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n11.6<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.2<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.9<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n26.8<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNM<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.9<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nSix months ended June 30, 2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nExternal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,202<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,565<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n5,936<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,926<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n188<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16,817<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16,817<\/p>\n \n\u00a0<\/p>\n \nIntersegment sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,468<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n810<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,612<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,922<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3,922<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,670<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,375<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,948<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,538<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n208<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20,739<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3,922<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16,817<\/p>\n \n\u00a0<\/p>\n \nResearch, development and engineering expenses<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n306<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n152<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n28<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n126<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n89<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n701<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n701<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income (loss) from investees<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n133<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n54<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n56<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(11<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n249<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n249<\/p>\n \n\u00a0<\/p>\n \nEBITDA (2)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n858<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n779<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n821<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n819<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(186<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,091<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(44<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,047<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization (3)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n135<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n249<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n64<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n68<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n25<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n541<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n541<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA as a percentage of total sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15.1<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13.8<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n23.1<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNM<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14.9<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.1<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u201cNM\u201d – not meaningful information<\/p>\n \n(1) Included intersegment sales, intersegment profit in inventory and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three and six months ended June 30, 2026 and 2025.<\/p>\n \n(2) EBITDA is defined as earnings or losses before interest expense, income taxes, depreciation and amortization and noncontrolling interests. We believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors.<\/p>\n \n(3) Depreciation and amortization, as shown on a segment basis, excludes the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Net Income as interest expense. A portion of depreciation expense is included in research, development and engineering expenses.<\/p>\n \n(4) In the first quarter of 2026, we sold our low pressure fuel cell business to a customer, cancelled future commitments and resolved certain claims against us with that customer resulting in a net payment by us of $175 million. These transactions resulted in a net charge of $199 million which is reflected in other operating expense, net in our Condensed Consolidated Statements of Net Income.<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nSELECT FOOTNOTE DATA<\/p>\n \n(Unaudited)<\/p>\n \nEQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES<\/p>\n \nEquity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting periods was as follows:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nThree months ended<\/p>\n \nJune 30,<\/p>\n \n\u00a0<\/p>\n \nSix months ended<\/p>\n \nJune 30,<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \nManufacturing entities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nChongqing Cummins Engine Company, Ltd.<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n29<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n22<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n58<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n45<\/p>\n \n\u00a0<\/p>\n \nDongfeng Cummins Engine Company, Ltd.<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n19<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n50<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n39<\/p>\n \nBeijing Foton Cummins Engine Co., Ltd.<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n30<\/p>\n \n\u00a0<\/p>\n \nTata Cummins, Ltd.<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17<\/p>\n \n\u00a0<\/p>\n \nAll other manufacturers<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n19<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n35<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n21<\/p>\n \n\u00a0<\/p>\n \nDistribution entities<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nKomatsu Cummins Chile, Ltda.<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n32<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n29<\/p>\n \n\u00a0<\/p>\n \nAll other distributors<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n12<\/p>\n \n\u00a0<\/p>\n \nCummins share of net income<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n129<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n96<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n252<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n193<\/p>\n \n\u00a0<\/p>\n \nRoyalty and interest income<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n25<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n50<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n56<\/p>\n \n\u00a0<\/p>\n \nEquity, royalty and interest income from investees<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n154<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n118<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n302<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n249<\/p>\n \n\u00a0<\/p>\n \nINCOME TAXES<\/p>\n \nOur effective tax rate for 2026 is expected to approximate 23.0 percent, excluding any discrete items that may arise.<\/p>\n \nOur effective tax rates for the three and six months ended June 30, 2026, were 25.1 percent and 26.0 percent, respectively. Our effective tax rates for the three and six months ended June 30, 2025, were 24.2 percent and 24.1 percent, respectively.<\/p>\n \nThe three months ended June 30, 2026, contained net unfavorable discrete items of $29 million, or $0.21 per diluted share, primarily due to $17 million of unfavorable return to provision adjustments and $12 million of other net unfavorable discrete tax items.<\/p>\n \nThe six months ended June 30, 2026, had an unfavorable discrete tax impact due to the $199 million loss on sale of business and settlement of current and future customer obligations for which no tax benefit was recognized. Other discrete items were net unfavorable $22 million, or $0.16 per diluted share, primarily due to $23 million of unfavorable return to provision adjustments, partially offset by $1 million of other net favorable discrete tax items.<\/p>\n \nThe three months ended June 30, 2025, contained net favorable discrete tax items of $3 million, or $0.02 per diluted share, primarily due to $4 million of favorable adjustments for uncertain tax positions, partially offset by $1 million of other unfavorable adjustments.<\/p>\n \nThe six months ended June 30, 2025, contained net favorable discrete tax items of $10 million, or $0.07 per diluted share, primarily due to $8 million of favorable adjustments for share-based compensation tax benefits and $5 million of favorable adjustments for uncertain tax positions, partially offset by $3 million of other unfavorable tax items.<\/p>\n \nReconciliation of Non GAAP measures – Earnings or losses before interest expense, income taxes, depreciation and amortization and noncontrolling interests (EBITDA)<\/p>\n \nWe believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors. We believe EBITDA excluding special items, as noted in the table below, is a useful measure of our operating performance. This statement excludes forward looking measures of EBITDA where a reconciliation to the corresponding accounting principles generally accepted in the United States (GAAP) measures is not available due to the variability, complexity and limited visibility of non-cash items that are excluded from the non-GAAP outlook measure.<\/p>\n \nEBITDA is not in accordance with, or an alternative for, GAAP and may not be consistent with measures used by other companies. It should be considered supplemental data; however, the amounts included in the EBITDA calculation are derived from amounts included in our Condensed Consolidated Statements of Net Income. Below is a reconciliation of net income attributable to Cummins Inc. to EBITDA for each of the applicable periods:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nThree months ended\u00a0<\/p>\n \nJune 30,<\/p>\n \n\u00a0<\/p>\n \nSix months ended<\/p>\n \nJune 30,<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \nNet income attributable to Cummins Inc.<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n932<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n890<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,586<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,714<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNet income attributable to Cummins Inc., as a percentage of net sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9.9<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10.3<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8.9<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10.2<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nAdd:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNet income attributable to noncontrolling interests<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n36<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n38<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n62<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n64<\/p>\n \n\u00a0<\/p>\n \nConsolidated net income<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n968<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n928<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,648<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,778<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nAdd:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nInterest expense<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n80<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n87<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n164<\/p>\n \n\u00a0<\/p>\n \nIncome tax expense<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n325<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n297<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n579<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n564<\/p>\n \n\u00a0<\/p>\n \nDepreciation and amortization<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n275<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n560<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n541<\/p>\n \n\u00a0<\/p>\n \nEBITDA<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,653<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,587<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,943<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,047<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA, as a percentage of net sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.4<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.1<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nSpecial items:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLoss on sale of business and settlement of current and future customer obligations<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n199<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nEBITDA, excluding special items<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,653<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,587<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,142<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,047<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nEBITDA, excluding special items, as a percentage of net sales<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17.5<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.4<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17.6<\/p>\n \n%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18.1<\/p>\n \n%<\/p>\n \nCUMMINS INC. AND SUBSIDIARIES<\/p>\n \nSEGMENT SALES DATA<\/p>\n \n(Unaudited)<\/p>\n \nEngine Segment Sales by Market and Unit Shipments by Engine Classification<\/p>\n \nSales for our Engine segment by market were as follows:<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nHeavy-duty truck<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n799<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n968<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,767<\/p>\n \nMedium-duty truck and bus<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n871<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,030<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,901<\/p>\n \nLight-duty automotive<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n448<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n491<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n939<\/p>\n \nOff-highway<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n554<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n595<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,149<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,672<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,084<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n5,756<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nHeavy-duty truck<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n921<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n976<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n772<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n820<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,489<\/p>\n \nMedium-duty truck and bus<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n986<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n950<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n784<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n893<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,613<\/p>\n \nLight-duty automotive<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n421<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n486<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n583<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n440<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,930<\/p>\n \nOff-highway<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n443<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n487<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n466<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n447<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,843<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,771<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,899<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,605<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,600<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n10,875<\/p>\n \nTotal engine shipments by engine classification, including on and off-highway units, were as follows:<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nUnits (1)<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nHeavy-duty<\/p>\n \n\u00a0<\/p>\n \n24,700<\/p>\n \n\u00a0<\/p>\n \n30,100<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n54,800<\/p>\n \nMedium-duty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n79,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n86,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n165,200<\/p>\n \nLight-duty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n40,500<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n45,000<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n85,500<\/p>\n \nTotal units<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n144,300<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n161,200<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n305,500<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nUnits (1)<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nHeavy-duty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n26,700<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n29,600<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n22,400<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n23,200<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n101,900<\/p>\n \nMedium-duty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n75,200<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n73,400<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n63,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n68,800<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280,500<\/p>\n \nLight-duty<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n39,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44,000<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n49,600<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n39,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n171,800<\/p>\n \nTotal units<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n141,000<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n147,000<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n135,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n131,100<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n554,200<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1) Unit shipments exclude aftermarket parts.<\/p>\n \nComponents Segment Sales by Business<\/p>\n \nSales for our Components segment by business were as follows:<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nDrivetrain and braking systems<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n919<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,122<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,041<\/p>\n \nEmission solutions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n915<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n988<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,903<\/p>\n \nComponents and software<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n608<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n657<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,265<\/p>\n \nAutomated transmissions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n88<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n124<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n212<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,530<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,891<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n5,421<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nDrivetrain and braking systems<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,056<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,095<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n917<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n918<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,986<\/p>\n \nEmission solutions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n902<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n900<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n788<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n867<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,457<\/p>\n \nComponents and software<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n595<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n587<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n537<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n564<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,283<\/p>\n \nAutomated transmissions<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n117<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n123<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n87<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n96<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n423<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,670<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,705<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,329<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,445<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n10,149<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nDistribution Segment Sales by Product Line<\/p>\n \nSales for our Distribution segment by product line were as follows:<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nPower generation<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,275<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,378<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,653<\/p>\n \nParts<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,064<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,080<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,144<\/p>\n \nService<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n433<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n472<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n905<\/p>\n \nEngines<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n344<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n396<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n740<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,116<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,326<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6,442<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nPower generation<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,090<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,200<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,247<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,395<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,932<\/p>\n \nParts<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,031<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,015<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,013<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,024<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,083<\/p>\n \nService<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n416<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n439<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n495<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n448<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,798<\/p>\n \nEngines<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n370<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n387<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n417<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n418<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,592<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,907<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,041<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,172<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,285<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n12,405<\/p>\n \nPower Systems Segment Sales by Product Line<\/p>\n \nSales for our Power Systems segment by product line were as follows:<\/p>\n \n2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nPower generation<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,283<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,536<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,819<\/p>\n \nIndustrial<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n506<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n538<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,044<\/p>\n \nGenerator technologies<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n167<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n181<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n348<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,956<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,255<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,211<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2025<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nIn millions<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nYTD<\/p>\n \nPower generation<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,001<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,205<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,280<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,245<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,731<\/p>\n \nIndustrial<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n498<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n506<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n531<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n528<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,063<\/p>\n \nGenerator technologies<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n150<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n178<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n185<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n669<\/p>\n \nTotal sales<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,649<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,889<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,996<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,929<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n7,463<\/p>\n \n\u00a0<\/p>\n View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20260804268390\/en\/<\/a><\/p>\n