CMI · 10-Q · 2026Q3 · Full report

FX / Currency Impact

CUMMINS INC · 2026-11-05 · Importance 31 · Surprise 32

For the nine months ended September 30, 2026, favorable foreign currency fluctuations contributed 3 percent to international sales growth, primarily from the Chinese renminbi, Euro and Brazilian real, partially offset by the Indian rupee. Cummins also reported a $121 million foreign-currency translation loss for that period, with the Indian rupee, Euro and British pound driving losses at wholly owned subsidiaries and the Chinese renminbi contributing to equity-method investment translation. The filing does not quantify the sales dollars attributable specifically to currency movements.

Key facts

• Cummins' foreign-currency translation adjustment was a net loss of $121 million for the nine months ended September 30, 2026, compared with a net gain of $247 million for the comparable 2025 period. source
• Favorable foreign currency fluctuations of 3 percent contributed to Cummins' international sales increase for the nine months ended September 30, 2026, primarily from the Chinese renminbi, Euro and Brazilian real, partly offset by the Indian rupee. source
• Cummins' foreign-currency translation adjustment was a net loss of $35 million for the three months ended September 30, 2026, compared with a $67 million net loss for the three months ended September 30, 2025. source
• The effect of exchange rate changes on cash and cash equivalents declined $48 million for the nine months ended September 30, 2026, primarily due to unfavorable British pound and Euro fluctuations, partly offset by the Chinese renminbi. source