Summary
This Form 8-K filing by Cummins Inc. on December 15, 2008, primarily serves to furnish XBRL (eXtensible Business Reporting Language) formatted financial data from its previously filed Quarterly Report on Form 10-Q for the period ended September 28, 2008. This includes income statements, balance sheets, cash flow statements, and statements of shareholders' equity for comparative periods. The company explicitly states that this XBRL data is unaudited and should not be relied upon by investors for making investment decisions. The filing is intended for testing XBRL technology and format, not for reporting new financial information or material events.
Key Highlights
- 1Cummins Inc. filed an 8-K on December 15, 2008, to provide XBRL-formatted financial data.
- 2The XBRL data is derived from the Form 10-Q for the quarter ended September 28, 2008.
- 3The filing includes income statements, balance sheets, cash flow statements, and statements of shareholders' equity.
- 4The company explicitly warns investors not to rely on this XBRL data for investment decisions.
- 5The primary purpose of this filing is to test XBRL formatting and technology.
- 6The financial information provided in this report is unaudited.
- 7The XBRL data is not deemed 'filed' for the purposes of liability under the Securities Act of 1933 or the Exchange Act of 1934.
Frequently Asked Questions
The main purpose of this 8-K filing is to provide financial information from Cummins Inc.'s previous Form 10-Q (for the quarter ended September 28, 2008) in a new XBRL format for testing purposes. It is not intended to report new financial events or material changes.
No, investors are explicitly advised by Cummins Inc. not to rely on the XBRL-formatted financial information contained in this Current Report on Form 8-K for making investment decisions. The data is unaudited and provided for technological testing.
The XBRL-formatted financial information includes the Condensed Consolidated Statements of Income, Condensed Consolidated Balance Sheet, Condensed Consolidated Statements of Cash Flows, Condensed Consolidated Statements of Shareholders’ Equity, and Notes to the Condensed Consolidated Financial Statements for specified periods.
XBRL stands for eXtensible Business Reporting Language. It is a global standard for the digital reporting of business information required by regulators and investors. This filing is part of Cummins's effort to test and implement this technology.