CUMMINS INC Quarterly Research and Development Expense in USD from Q1 2010 to Q3 2024

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
Cummins Inc quarterly/annual Research and Development Expense history and growth rate from Q1 2010 to Q3 2024.
  • Cummins Inc Research and Development Expense for the quarter ending September 30, 2024 was $359M, a 4.52% decline year-over-year.
  • Cummins Inc Research and Development Expense for the twelve months ending September 30, 2024 was $1.5B, a 3.74% increase year-over-year.
  • Cummins Inc annual Research and Development Expense for 2023 was $1.5B, a 17.4% increase from 2022.
  • Cummins Inc annual Research and Development Expense for 2022 was $1.28B, a 17.2% increase from 2021.
  • Cummins Inc annual Research and Development Expense for 2021 was $1.09B, a 20.3% increase from 2020.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Quarterly (USD)
Research and Development Expense, YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2024 $1.5B $359M -$17M -4.52% Jul 1, 2024 Sep 30, 2024 10-Q 2024-11-05
Q2 2024 $1.51B $379M -$5M -1.3% Apr 1, 2024 Jun 30, 2024 10-Q 2024-08-01
Q1 2024 $1.52B $369M +$19M +5.43% Jan 1, 2024 Mar 31, 2024 10-Q 2024-05-02
Q4 2023 $1.5B $390M +$57M +17.1% Oct 1, 2023 Dec 31, 2023 10-K 2024-02-12
Q3 2023 $1.44B $376M +$28M +8.05% Jul 1, 2023 Sep 30, 2023 10-Q 2024-11-05
Q2 2023 $1.42B $384M +$85M +28.4% Apr 1, 2023 Jun 30, 2023 10-Q 2024-08-01
Q1 2023 $1.33B $350M +$52M +17.5% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-02
Q4 2022 $1.28B $333M +$45M +15.6% Oct 1, 2022 Dec 31, 2022 10-K 2024-02-12
Q3 2022 $1.23B $348M +$82M +30.8% Jul 1, 2022 Sep 30, 2022 10-Q 2023-11-02
Q2 2022 $1.15B $299M +$23M +8.33% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-03
Q1 2022 $1.13B $298M +$38M +14.6% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-02
Q4 2021 $1.09B $288M +$33M +12.9% Oct 4, 2021 Dec 31, 2021 10-K 2024-02-12
Q3 2021 $1.06B $266M +$42M +18.8% Jul 5, 2021 Oct 3, 2021 10-Q 2022-11-04
Q2 2021 $1.02B $276M +$87M +46% Apr 5, 2021 Jul 4, 2021 10-Q 2022-08-03
Q1 2021 $928M $260M +$22M +9.24% Jan 1, 2021 Apr 4, 2021 10-Q 2022-05-03
Q4 2020 $906M $255M -$16M -5.9% Sep 28, 2020 Dec 31, 2020 10-K 2023-02-14
Q3 2020 $922M $224M -$18M -7.44% Jun 29, 2020 Sep 27, 2020 10-Q 2021-11-02
Q2 2020 $940M $189M -$62M -24.7% Mar 30, 2020 Jun 28, 2020 10-Q 2021-08-03
Q1 2020 $1B $238M +$1M +0.42% Jan 1, 2020 Mar 29, 2020 10-Q 2021-05-04
Q4 2019 $1B $271M +$27M +11.1% Sep 30, 2019 Dec 31, 2019 10-K 2022-02-08
Q3 2019 $974M $242M +$13M +5.68% Jul 1, 2019 Sep 29, 2019 10-Q 2020-10-27
Q2 2019 $961M $251M +$32M +14.6% Apr 1, 2019 Jun 30, 2019 10-Q 2020-07-28
Q1 2019 $929M $237M +$27M +12.9% Jan 1, 2019 Mar 31, 2019 10-Q 2020-04-28
Q4 2018 $902M $244M +$36M +17.3% Oct 1, 2018 Dec 31, 2018 10-K 2021-02-10
Q3 2018 $866M $229M +$16M +7.51% Jul 2, 2018 Sep 30, 2018 10-Q 2019-10-29
Q2 2018 $850M $219M +$44M +25.1% Apr 2, 2018 Jul 1, 2018 10-Q 2019-07-30
Q1 2018 $806M $210M +$52M +32.9% Jan 1, 2018 Apr 1, 2018 10-Q 2019-04-30
Q4 2017 $754M $208M +$49M +30.8% Oct 2, 2017 Dec 31, 2017 10-K 2020-02-11
Q3 2017 $705M $213M +$56M +35.7% Jul 3, 2017 Oct 1, 2017 10-Q 2018-10-30
Q2 2017 $649M $175M +$20M +12.9% Apr 3, 2017 Jul 2, 2017 10-Q 2018-07-31
Q1 2017 $629M $158M -$8M -4.82% Jan 1, 2017 Apr 2, 2017 10-Q 2018-05-01
Q4 2016 $637M $159M -$18M -10.2% Oct 3, 2016 Dec 31, 2016 10-K 2019-02-11
Q3 2016 $655M $157M -$40M -20.3% Jul 4, 2016 Oct 2, 2016 10-Q 2017-10-31
Q2 2016 $695M $155M -$11M -6.63% Apr 4, 2016 Jul 3, 2016 10-Q 2017-08-01
Q1 2016 $706M $166M -$29M -14.9% Jan 1, 2016 Apr 3, 2016 10-Q 2017-05-02
Q4 2015 $735M $177M -$10M -5.35% Sep 28, 2015 Dec 31, 2015 10-K 2018-02-14
Q3 2015 $745M $197M -$1M -0.51% Jun 29, 2015 Sep 27, 2015 10-Q 2016-11-01
Q2 2015 $746M $166M -$13M -7.26% Mar 30, 2015 Jun 28, 2015 10-Q 2016-08-02
Q1 2015 $759M $195M +$5M +2.63% Jan 1, 2015 Mar 29, 2015 10-Q 2016-05-03
Q4 2014 $754M $187M +$6M +3.32% Sep 29, 2014 Dec 31, 2014 10-K 2017-02-13
Q3 2014 $748M $198M +$25M +14.5% Jun 30, 2014 Sep 28, 2014 10-Q 2015-10-27
Q2 2014 $723M $179M +$2M +1.13% Mar 31, 2014 Jun 29, 2014 10-Q 2015-07-29
Q1 2014 $721M $190M +$8M +4.4% Jan 1, 2014 Mar 30, 2014 10-Q 2015-04-29
Q4 2013 $713M $181M +$7M +4.02% Sep 30, 2013 Dec 31, 2013 10-K 2016-02-12
Q3 2013 $706M $173M -$13M -6.99% Jul 1, 2013 Sep 29, 2013 10-Q 2014-10-29
Q2 2013 $719M $177M -$10M -5.35% Apr 1, 2013 Jun 30, 2013 10-Q 2014-07-29
Q1 2013 $729M $182M +$1M +0.55% Jan 1, 2013 Mar 31, 2013 10-Q 2014-04-30
Q4 2012 $728M $174M -$5M -2.79% Oct 1, 2012 Dec 31, 2012 10-K 2015-02-17
Q3 2012 $733M $186M +$22M +13.4% Jul 2, 2012 Sep 30, 2012 10-Q 2013-10-30
Q2 2012 $711M $187M +$30M +19.1% Apr 2, 2012 Jul 1, 2012 10-Q 2013-07-31
Q1 2012 $681M $181M +$52M +40.3% Jan 1, 2012 Apr 1, 2012 10-Q 2013-05-01
Q4 2011 $629M $179M +$56M +45.5% Sep 26, 2011 Dec 31, 2011 10-K 2014-02-18
Q3 2011 $573M $164M +$61M +59.2% Jun 27, 2011 Sep 25, 2011 10-Q 2012-10-31
Q2 2011 $512M $157M +$61M +63.5% Mar 28, 2011 Jun 26, 2011 10-Q 2012-08-01
Q1 2011 $451M $129M +$37M +40.2% Jan 1, 2011 Mar 27, 2011 10-Q 2012-05-02
Q4 2010 $414M $123M Sep 27, 2010 Dec 31, 2010 10-K 2013-02-20
Q3 2010 $103M Jun 28, 2010 Sep 26, 2010 10-Q 2011-10-27
Q2 2010 $96M Mar 29, 2010 Jun 27, 2010 10-Q 2011-07-28
Q1 2010 $92M Jan 1, 2010 Mar 28, 2010 10-Q 2011-04-28
* An asterisk sign (*) next to the value indicates that the value is likely invalid.