Cummins(CMI) - 2023 Q2 - Quarterly Report

During the second quarter of 2023, we finalized our accounting for the Meritor, Inc. acquisition. The primary components of the change were to increase contingent liabilities by $62 million offset by finalization of deferred taxes and tax reserves, with a net increase to goodwill of $26 million. There was no impact to the Condensed Consolidated Statements of Net Income for any of the changes. Operating segments under GAAP are defined as components of an enterprise about which separate financial information ...