CMI · 10-Q · 2026Q3 · Full report

Supply Chain and Inventory

CUMMINS INC · 2026-11-05 · Importance 54 · Surprise 40 · From source text

Inventories were $6.811 billion at September 30, 2026, up from $5.822 billion at December 31, 2025, an increase of approximately 17%. Inventory turnover was 4.1, compared with 4.2 at year-end. Management said unfavorable changes in inventories partially offset favorable working-capital changes during the first nine months of 2026.

Key facts

• Accounts payable, principally trade, were $4,879 million at September 30, 2026, compared with $3,800 million at December 31, 2025. source
• Inventories were $6,811 million at September 30, 2026, compared with $5,822 million at December 31, 2025. source
• The maximum amount outstanding under Cummins' supply chain financing programs was $564 million at September 30, 2026. source
• Amounts due to financial intermediaries under Cummins' supply chain financing programs were $244 million in accounts payable at September 30, 2026. source
• Inventory turnover was 4.1 at September 30, 2026, compared with 4.2 at December 31, 2025. source
• Cummins' supply chain financing program generally provides vendors payment terms of 60 to 90 days, with the option for financial intermediaries to pay vendors earlier. source

Impact estimates