• Second quarter revenues of $5.0 billion, EBIT of 14.4 percent of sales
• Full year revenue expected to grow between 2 and 4 percent and EBIT to be in the range of 13.5 to 14.0 percent of sales

COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2015. Second quarter revenue of $5.0 billion increased 4 percent from the same quarter in 2014. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Currency negatively impacted revenues by 4 percent compared to last year, primarily due to a stronger US dollar.

Revenues in North America increased 12 percent while international sales declined by 6 percent. Within international markets, sales in Brazil fell the most due to the weak economy.

Earnings before interest and taxes (EBIT) increased to $721 million for the second quarter or 14.4 percent of sales, up from $657 million or 13.6 percent of sales a year ago.

Net income attributable to Cummins grew 6 percent in the second quarter to $471 million ($2.62 per diluted share), compared to $446 million ($2.43 per diluted share) in the second quarter of 2014. The tax rate in the second quarter of 2015, including discrete items, was 29.5 percent.

“We delivered strong results in the second quarter, despite challenging economic conditions in a number of international markets, and we increased cash returned to shareholders,” said Cummins Chairman and CEO Tom Linebarger. “Earnings improved as a result of good performance by our manufacturing and supply chain organizations and solid execution on material cost reduction initiatives. We returned $517 million to shareholders in the form of dividends and share repurchases in the second quarter and we recently announced a 25 percent increase in our quarterly dividend.”

Based on the current forecast, Cummins expects full year 2015 revenues to grow between 2 and 4 percent, and EBIT to be in the range of 13.5 to 14.0 percent of sales.

Other recent highlights:

• For the ninth consecutive year, Cummins was named one of the Top 50 Companies for Diversity by Diversity Inc.
• The Company announced new environmental sustainability goals and pledged to reach an annual reduction of 3.5 million metric tons of carbon dioxide (CO2) by 2020, which equates to 350 million gallons of fuel.
• John Wall, Cummins’ Vice President – Chief Technical Officer, was honored by the California Air Resources Board with the Haagen-Smit Clean Air Award, which recognizes outstanding lifetime achievement in air-quality research, science and technology.
• For the fourth consecutive year, Cummins was recognized as a Top 25 Supply Chain company by Gartner.
• Cummins announced that John Wall, Vice President – Chief Technical Officer, will be retiring after nearly 30 years with the Company and that Jennifer Rumsey, Vice President of Engineering for Cummins’ Engine Business, will take Wall’s place.
• Cummins announced a 25 percent increase in its quarterly dividend.

Second quarter 2015 detail (all comparisons to same period in 2014)

Engine Segment

• Sales - $2.8 billion, up 2 percent.
• Segment EBIT - $341 million, or 12.2 percent of sales, compared to $311 million or 11.3 percent of sales.
• Strong demand in North American truck and bus markets was partially offset by weaker demand in global industrial markets and lower truck demand in Brazil.

Distribution Segment

• Sales - $1.5 billion, up 21 percent, down 6 percent excluding acquisitions.
• Segment EBIT - $113 million, or 7.6 percent of sales, compared to $126 million or 10.2 percent of sales.
• Currency movements negatively impacted sales by 6 percent.
• Results in the second quarter of 2014 included a gain of $14 million related to the acquisition of distributors in North America.

Components Segment

• Sales - $1.4 billion, up 9 percent.
• Segment EBIT - $223 million, or 16.0 percent of sales, compared to $185 million or 14.5 percent of sales.
• Stronger demand in on-highway markets in North America, Europe, and China more than offset weakness in Brazil.

Power Generation Segment

• Sales - $747 million, up 1 percent.
• Segment EBIT - $57 million, or 7.6 percent of sales, compared to $61 million, or 8.2 percent of sales.
• Increased international sales in the Middle East, Asia Pacific and India more than offset lower sales in North America and a 4 percent reduction in revenues due to currency movements.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. Cummins earned $1.65 billion on sales of $19.2 billion in 2014. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at www.twittter.com/cummins and on YouTube at www.youtube/cumminsinc.

Forward-looking disclosure statement

Information 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 for the full year of 2015. 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: the adoption and implementation of global emission standards; the price and availability of energy; the pace of infrastructure development; increasing global competition among our customers; general economic, business and financing conditions; governmental action; changes in our customers’ business strategies; competitor pricing activity; expense volatility; labor relations; and other risks detailed from time to time in our Securities and Exchange Commission filings, including particularly in the Risk Factors section of our 2014 Annual Report on Form 10-K. 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 press 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 Securities and Exchange Commission, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Presentation of Non-GAAP Financial Information

EBIT 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. Cummins presents this information as it believes it is useful to understanding the Company's operating performance, and because EBIT is a measure used internally to assess the performance of the operating units.

Webcast information

Cummins management will host a teleconference to discuss these results today at 10 a.m. EST. This teleconference will be webcast and available on the Investor Relations section of the Cummins website at www.cummins.com . 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.

CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited) (a)
		Three months ended
In millions, except per share amounts		June 28, 2015					June 29, 2014
NET SALES		$	5,015				$	4,835
Cost of sales		3,683					3,630
GROSS MARGIN		1,332					1,205
OPERATING EXPENSES AND INCOME
Selling, general and administrative expenses		537					513
Research, development and engineering expenses		166					179
Equity, royalty and interest income from investees		94					105
Other operating (expense) income, net		—					(6		)
OPERATING INCOME		723					612
Interest income		6					6
Interest expense		17					15
Other (expense) income, net		(8		)			39
INCOME BEFORE INCOME TAXES		704					642
Income tax expense		208					170
CONSOLIDATED NET INCOME		496					472
Less: Net income attributable to noncontrolling interests		25					26
NET INCOME ATTRIBUTABLE TO CUMMINS INC.		$	471				$	446
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.
Basic		$	2.63				$	2.44
Diluted		$	2.62				$	2.43
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic		179.2					182.8
Diluted		179.6					183.2
CASH DIVIDENDS DECLARED PER COMMON SHARE		$	0.78				$	0.625

___________________________________________________________

(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited) (a)
		Six months ended
In millions, except per share amounts		June 28, 2015					June 29, 2014
NET SALES		$	9,724				$	9,241
Cost of sales		7,197					6,937
GROSS MARGIN		2,527					2,304
OPERATING EXPENSES AND INCOME
Selling, general and administrative expenses		1,054					998
Research, development and engineering expenses		361					369
Equity, royalty and interest income from investees		162					195
Other operating (expense) income, net		(3		)			(7		)
OPERATING INCOME		1,271					1,125
Interest income		11					11
Interest expense		31					32
Other income, net		1					49
INCOME BEFORE INCOME TAXES		1,252					1,153
Income tax expense		352					323
CONSOLIDATED NET INCOME		900					830
Less: Net income attributable to noncontrolling interests		42					46
NET INCOME ATTRIBUTABLE TO CUMMINS INC.		$	858				$	784
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.
Basic		$	4.77				$	4.27
Diluted		$	4.76				$	4.26
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic		179.9					183.5
Diluted		180.3					183.9
CASH DIVIDENDS DECLARED PER COMMON SHARE		$	1.56				$	1.25

___________________________________________________________

(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (a)
In millions, except par value		June 28, 2015					December 31, 2014
ASSETS
Current assets
Cash and cash equivalents		$	1,760				$	2,301
Marketable securities		89					93
Total cash, cash equivalents and marketable securities		1,849					2,394
Accounts and notes receivable, net		3,422					2,946
Inventories		2,986					2,866
Prepaid expenses and other current assets		746					849
Total current assets		9,003					9,055
Long-term assets
Property, plant and equipment		7,151					7,123
Accumulated depreciation		(3,498		)			(3,437		)
Property, plant and equipment, net		3,653					3,686
Investments and advances related to equity method investees		995					981
Goodwill		473					479
Other intangible assets, net		339					343
Prepaid pensions		784					637
Other assets		631					595
Total assets		$	15,878				$	15,776
LIABILITIES
Current liabilities
Accounts payable (principally trade)		$	1,974				$	1,881
Loans payable		70					86
Current portion of accrued product warranty		405					363
Accrued compensation, benefits and retirement costs		432					508
Deferred revenue		402					401
Other accrued expenses		739					759
Current maturities of long-term debt		31					23
Total current liabilities		4,053					4,021
Long-term liabilities
Long-term debt		1,576					1,589
Postretirement benefits other than pensions		351					369
Pensions		291					289
Other liabilities and deferred revenue		1,393					1,415
Total liabilities		$	7,664				$	7,683
EQUITY
Cummins Inc. shareholders’ equity
Common stock, $2.50 par value, 500 shares authorized, 222.3 and 222.3 shares issued		$	2,164				$	2,139
Retained earnings		10,123					9,545
Treasury stock, at cost, 43.7 and 40.1 shares		(3,350		)			(2,844		)
Common stock held by employee benefits trust, at cost, 1.0 and 1.1 shares		(12		)			(13		)
Accumulated other comprehensive loss		(1,071		)			(1,078		)
Total Cummins Inc. shareholders’ equity		7,854					7,749
Noncontrolling interests		360					344
Total equity		$	8,214				$	8,093
Total liabilities and equity		$	15,878				$	15,776

___________________________________________________________

(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) (a)
		Six months ended
In millions		June 28, 2015				June 29, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income		$	900			$	830
Adjustments to reconcile consolidated net income to net cash provided by operating activities
Depreciation and amortization		254				217
Deferred income taxes		(63		)		(88		)
Equity in income of investees, net of dividends		(68		)		(108		)
Pension contributions in excess of expense		(122		)		(127		)
Other post-retirement benefits payments in excess of expense		(15		)		(14		)
Stock-based compensation expense		17				21
Translation and hedging activities		27				(9		)
Changes in current assets and liabilities, net of acquisitions
Accounts and notes receivable		(426		)		(321		)
Inventories		(127		)		(223		)
Other current assets		18				4
Accounts payable		97				289
Accrued expenses		(21		)		120
Changes in other liabilities and deferred revenue		133				116
Other, net		(35		)		(6		)
Net cash provided by operating activities		569				701
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(247		)		(245		)
Investments in internal use software		(22		)		(26		)
Investments in and advances to equity investees		(17		)		(11		)
Acquisitions of businesses, net of cash acquired		(15		)		(193		)
Investments in marketable securities—acquisitions		(173		)		(179		)
Investments in marketable securities—liquidations		155				179
Cash flows from derivatives not designated as hedges		5				4
Other, net		14				8
Net cash used in investing activities		(300		)		(463		)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings		12				17
Payments on borrowings and capital lease obligations		(31		)		(39		)
Net payments under short-term credit agreements		(10		)		(48		)
Distributions to noncontrolling interests		(14		)		(32		)
Dividend payments on common stock		(280		)		(229		)
Repurchases of common stock		(514		)		(430		)
Other, net		8				5
Net cash used in financing activities		(829		)		(756		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		19				38
Net decrease in cash and cash equivalents		(541		)		(480		)
Cash and cash equivalents at beginning of year		2,301				2,699
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	1,760			$	2,219

___________________________________________________________

(a) Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

CUMMINS INC. AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
In millions		Engine				Distribution				Components				PowerGeneration				Non-segment Items (1)				Total
Three months ended June 28, 2015
External sales		$	2,058			$	1,487			$	1,017			$	453			$	—			$	5,015
Intersegment sales		739				8				380				294				(1,421		)		—
Total sales		2,797				1,495				1,397				747				(1,421		)		5,015
Depreciation and amortization(2)		60				25				28				13				—				126
Research, development and engineering expenses		91				3				57				15				—				166
Equity, royalty and interest income from investees		57				21				8				8				—				94
Interest income		3				1				1				1				—				6
Segment EBIT		341				113				223				57				(13		)		721
Segment EBIT as a percentage of total sales		12.2		%		7.6		%		16.0		%		7.6		%						14.4		%
Three months ended June 29, 2014
External sales		$	2,178			$	1,229			$	953			$	475			$	—			$	4,835
Intersegment sales		566				9				327				268				(1,170		)		—
Total sales		2,744				1,238				1,280				743				(1,170		)		4,835
Depreciation and amortization(2)		52				20				26				13				—				111
Research, development and engineering expenses		105				3				53				18				—				179
Equity, royalty and interest income from investees		45				42				9				9				—				105
Interest income		4				—				1				1				—				6
Segment EBIT		311				126			(3)	185				61				(26		)		657
Segment EBIT as a percentage of total sales		11.3		%		10.2		%		14.5		%		8.2		%						13.6		%

(1)		Includes intersegment sales and profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three months ended June 28, 2015 and June 29, 2014.
(2)		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 Income as "Interest expense."
(3)		Distribution segment EBIT included gains of $14 million on the fair value adjustments resulting from the acquisitions of the controlling interests in North American distributors for the three months ended June 29, 2014.

In millions		Engine				Distribution				Components				PowerGeneration					Non-segment Items (1)				Total
Six months ended June 28, 2015
External sales		$	3,947			$	2,956			$	1,948			$	873				$	—			$	9,724
Intersegment sales		1,446				15				748				554					(2,763		)		—
Total sales		5,393				2,971				2,696				1,427					(2,763		)		9,724
Depreciation and amortization(2)		118				52				54				29					—				253
Research, development and engineering expenses		205				6				118				32					—				361
Equity, royalty and interest income from investees		87				41				17				17					—				162
Interest income		5				2				2				2					—				11
Segment EBIT		594				201				418				106					(36		)		1,283
Segment EBIT as a percentage of total sales		11.0		%		6.8		%		15.5		%		7.4			%						13.2		%
Six months ended June 29, 2014
External sales		$	4,268			$	2,171			$	1,875			$	927				$	—			$	9,241
Intersegment sales		1,039				17				635				455					(2,146		)		—
Total sales		5,307				2,188				2,510				1,382					(2,146		)		9,241
Depreciation and amortization(2)		103				36				52				25					—				216
Research, development and engineering expenses		221				5				106				37					—				369
Equity, royalty and interest income from investees		77				83				18				17					—				195
Interest income		6				1				2				2					—				11
Segment EBIT		580				202			(3)	352				86					(35		)		1,185
Segment EBIT as a percentage of total sales		10.9		%		9.2		%		14.0		%		6.2			%						12.8		%

(1)		Includes intersegment sales and profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the six months ended June 28, 2015 and June 29, 2014.
(2)		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 Income as "Interest expense." The amortization of debt discount and deferred costs were $1 million and $1 million for the six months ended June 28, 2015 and June 29, 2014, respectively.
(3)		Distribution segment EBIT included gains of $20 million on the fair value adjustments resulting from the acquisitions of the controlling interests in North American distributors for the six months ended June 29, 2014.

A reconciliation of our segment information to the corresponding amounts in the Condensed Consolidated Statements of Income is shown in the table below:

		Three months ended								Six months ended
In millions		June 28, 2015				June 29, 2014				June 28, 2015				June 29, 2014
Total EBIT		$	721			$	657			$	1,283			$	1,185
Less: Interest expense		17				15				31				32
Income before income taxes		$	704			$	642			$	1,252			$	1,153

CUMMINS INC. AND SUBSIDIARIESSELECTED FOOTNOTE DATA(Unaudited)

NOTE 1. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES

Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Income for the reporting periods was as follows:

		Three months ended								Six months ended
In millions		June 28, 2015				June 29, 2014				June 28, 2015				June 29, 2014
Distribution Entities
North American distributors		$	8			$	30			$	18			$	62
Komatsu Cummins Chile, Ltda.		8				8				15				14
All other distributors		—				1				1				2
Manufacturing Entities
Dongfeng Cummins Engine Company, Ltd.		15				22				29				36
Beijing Foton Cummins Engine Co., Ltd. (Light-duty)		15				8				23				14
Chongqing Cummins Engine Company, Ltd.		11				15				23				26
Beijing Foton Cummins Engine Co., Ltd. (Heavy-duty)		7				(7		)		6				(13		)
All other manufacturers		21				19				28				34
Cummins share of net income		85				96				143				175
Royalty and interest income		9				9				19				20
Equity, royalty and interest income from investees		$	94			$	105			$	162			$	195

NOTE 2. INCOME TAXES

The effective tax rate for the three and six month periods ended June 28, 2015, was 29.5 percent and 28.1 percent, respectively. The six month tax rate included an $18 million discrete tax benefit to reflect the release of reserves for uncertain tax positions related to a favorable federal audit settlement.

CUMMINS INC. AND SUBSIDIARIESFINANCIAL MEASURES THAT SUPPLEMENT GAAP(Unaudited)

Net income and diluted earnings per share (EPS) attributable to Cummins Inc. excluding special items

We believe this is a useful measure of our operating performance for the periods presented as it illustrates our operating performance without regard to special items including tax adjustments. This measure is not in accordance with, or an alternative for, accounting principles generally accepted in the United States of America (GAAP) and may not be consistent with measures used by other companies. It should be considered supplemental data. The following table reconciles net income attributable to Cummins Inc. to net income attributable to Cummins Inc. excluding special items for the following periods:

			Six months ended
			June 28, 2015								June 29, 2014
In millions			Net Income				Diluted EPS				Net Income				Diluted EPS
Net income attributable to Cummins Inc.			$	858			$	4.76			$	784			$	4.26
Less
Tax items			18				0.10				—				—
Net income attributable to Cummins Inc. excluding special items			$	840			$	4.66			$	784			$	4.26

Earnings before interest, taxes and noncontrolling interests

We define EBIT as earnings before interest expense, income tax expense and noncontrolling interests in income of consolidated subsidiaries (EBIT). We use EBIT to assess and measure the performance of our operating segments and also as a component in measuring our variable compensation programs. This measure 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. Below is a reconciliation of EBIT to “Net income attributable to Cummins Inc.,” for each of the applicable periods:

		Three months ended								Six months ended
In millions		June 28, 2015				June 29, 2014				June 28, 2015				June 29, 2014
Earnings before interest expense and income taxes		$	721			$	657			$	1,283			$	1,185
EBIT as a percentage of net sales		14.4		%		13.6		%		13.2		%		12.8		%
Less
Interest expense		17				15				31				32
Income tax expense		208				170				352				323
Consolidated net income		496				472				900				830
Less
Net income attributable to noncontrolling interests		25				26				42				46
Net income attributable to Cummins Inc.		$	471			$	446			$	858			$	784
Net income attributable to Cummins Inc. as a percentage of net sales		9.4		%		9.2		%		8.8		%		8.5		%

CUMMINS INC. AND SUBSIDIARIESBUSINESS UNIT SALES DATA(Unaudited)

Engine Segment Net Sales by Market

In the first quarter of 2015, our Engine segment reorganized its reporting structure to include the following markets: heavy-duty truck, medium-duty truck and bus, light-duty automotive (pickup and light commercial vehicle), industrial and stationary power. Sales by market for our Engine segment by business (including 2014 and 2013 reorganized balances) were as follows:

2015
In millions		Q1				Q2				Q3				Q4				YTD
Heavy-duty truck		$	757			$	875			$	—			$	—			$	1,632
Medium-duty truck and bus		608				674				—				—				1,282
Light-duty automotive		381				354				—				—				735
Industrial		616				624				—				—				1,240
Stationary power		234				270				—				—				504
Total sales		$	2,596			$	2,797			$	—			$	—			$	5,393
2014
In millions		Q1				Q2				Q3				Q4				YTD
Heavy-duty truck		$	718			$	769			$	801			$	784			$	3,072
Medium-duty truck and bus		575				605				599				652				2,431
Light-duty automotive		391				392				396				388				1,567
Industrial		669				739				768				775				2,951
Stationary power		210				239				252				240				941
Total sales		$	2,563			$	2,744			$	2,816			$	2,839			$	10,962
2013
In millions		YTD
Heavy-duty truck		$	2,618
Medium-duty truck and bus		2,064
Light-duty automotive		1,465
Industrial		2,921
Stationary power		945
Total sales		$	10,013

Unit shipments by engine classification (including unit shipments to Power Generation):

2015
Units		Q1			Q2			Q3			Q4			YTD
Mid-range		112,400			120,000			—			—			232,400
Heavy-duty		28,700			32,800			—			—			61,500
High-horsepower		3,500			3,700			—			—			7,200
Total units		144,600			156,500			—			—			301,100
2014
Units		Q1			Q2			Q3			Q4			YTD
Mid-range		118,900			118,700			117,700			115,900			471,200
Heavy-duty		28,800			30,300			32,300			30,700			122,100
High-horsepower		3,400			3,900			3,900			3,600			14,800
Total units		151,100			152,900			153,900			150,200			608,100

Distribution Segment Sales by Business
2015
In millions		Q1				Q2				Q3				Q4				YTD
Parts and filtration		$	573			$	598			$	—			$	—			$	1,171
Engines		321				318				—				—				639
Power generation		298				272				—				—				570
Service		284				307				—				—				591
Total sales		$	1,476			$	1,495			$	—			$	—			$	2,971
2014
In millions		Q1				Q2				Q3				Q4				YTD
Parts and filtration		$	382			$	461			$	491			$	590			$	1,924
Engines		174				249				270				368				1,061
Power generation		193				278				279				413				1,163
Service		201				250				252				323				1,026
Total sales		$	950			$	1,238			$	1,292			$	1,694			$	5,174

Component Segment Sales by Business
2015
In millions		Q1				Q2				Q3				Q4				YTD
Emission Solutions		$	613			$	679			$	—			$	—			$	1,292
Turbo Technologies		301				307				—				—				608
Filtration		255				266				—				—				521
Fuel systems		130				145				—				—				275
Total sales		$	1,299			$	1,397			$	—			$	—			$	2,696
2014
In millions		Q1				Q2				Q3				Q4				YTD
Emission Solutions		$	543			$	582			$	598			$	620			$	2,343
Turbo Technologies		313				307				297				305				1,222
Filtration		265				275				268				267				1,075
Fuel systems		109				116				124				129				478
Total sales		$	1,230			$	1,280			$	1,287			$	1,321			$	5,118

Power Generation Segment Sales by Business

In the first quarter of 2015, our Power Generation segment reorganized its reporting structure to include the following businesses: power systems, alternators and power solutions. Sales for our Power Generation segment by business (including 2014 and 2013 reorganized balances) were as follows:

2015
In millions		Q1				Q2				Q3				Q4				YTD
Power systems		$	543			$	611			$	—			$	—			$	1,154
Alternators		98				92				—				—				190
Power solutions		39				44				—				—				83
Total sales		$	680			$	747			$	—			$	—			$	1,427
2014
In millions		Q1				Q2				Q3				Q4				YTD
Power systems		$	510			$	586			$	598			$	606			$	2,300
Alternators		105				126				115				103				449
Power solutions		24				31				41				51				147
Total sales		$	639			$	743			$	754			$	760			$	2,896
2013
In millions		YTD
Power systems		$	2,381
Alternators		496
Power solutions		154
Total sales		$	3,031

View source version on businesswire.com: http://www.businesswire.com/news/home/20150728005207/en/

Cummins Inc.

Carole Casto, Executive Director - Corporate Communications, 317-610-2480

[email protected]

Source: Cummins Inc.

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