8-KOther EventsExhibits & Filings

CUMMINS INC 8-K Report, Corporate Update (Dec 12, 2008)

Filed December 12, 2008For Securities:CMI

Summary

This Form 8-K filing by Cummins Inc. (CMI) on December 12, 2008, primarily serves as a notification and furnishing of previously filed financial information in an XBRL format. Specifically, Exhibit 100 contains the company's Condensed Consolidated Statements of Income, Balance Sheet, Statements of Cash Flows, and Statements of Shareholders' Equity for periods ending September 28, 2008, along with comparative data from 2007. This is not a new financial release, but rather a reformatting of existing data for testing purposes related to XBRL technology. Investors should be aware that this XBRL data is unaudited and should not be relied upon for investment decisions, as stated explicitly by the company. The filing emphasizes that this XBRL data is not considered "filed" for liability purposes under the Securities Act or Exchange Act.

Key Highlights

  • 1Cummins Inc. filed an 8-K on December 12, 2008, to furnish previously filed financial data in XBRL format.
  • 2The filing includes financial statements for periods ending September 28, 2008, and comparative periods from 2007.
  • 3The primary purpose is to test XBRL formatting and technology, not to disclose new financial information.
  • 4Investors are explicitly warned not to rely on this XBRL data for investment decisions as it is unaudited.
  • 5The XBRL data is not deemed "filed" under the Securities Act or Exchange Act, thus exempt from certain liabilities.
  • 6The filing includes various XBRL documents: Instance Document, Taxonomy Extension Schema, Calculation, Definition, Label, and Presentation Linkbase Documents.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to furnish Cummins Inc.'s quarterly financial information, previously filed in a Form 10-Q, in an XBRL (eXtensible Business Reporting Language) format. This is primarily for testing and demonstrating the company's use of XBRL technology.

No, this filing does not contain new financial results. It repackages and presents financial information that was already disclosed in Cummins' Quarterly Report on Form 10-Q filed on October 31, 2008, for the quarter ended September 28, 2008.

No, investors are explicitly advised by Cummins Inc. not to rely on the XBRL financial data presented in this filing for investment decisions. The company states that the XBRL data is unaudited and intended for testing purposes only.

When the company states the XBRL data is not considered 'filed,' it means that it does not carry the same legal implications and liabilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as regular financial statements filed with the SEC. This is a standard disclaimer for filings where data is being furnished for purposes other than primary disclosure, such as technology testing.