CUMMINS INC (CMI) Risk Factors
IndustrialsLatest 10-K filed Feb 10, 2026Source: SEC EDGAR
WealthWire extracted and classified 32 risk factors from CUMMINS INC’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
Legal & regulatory
11 factorsMarket & business
7 factorsOperations & people
6 factorsESG & reputation
3 factorsFinancial
3 factorsTechnology
2 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that CUMMINS INC surfaced in its latest filing.
- Reached a settlement agreement in principle in December 2023 and recorded a charge of $2.0 billion in Q4 2023.December 2023
- Settlement became final and effective in April 2024.April 2024
- Previously recorded charges of $59 million for recalls of model years 2013 through 2018 RAM 2500 and 3500 trucks and model years 2016 through 2019 Titan trucks.
- Subsequent to Q2 2024, recorded immaterial amounts related to stipulated penalties determined to be probable and estimable.Q2 2024
- Subject to shareholder, consumer and third-party litigation regarding the matters covered by the Settlement Agreements.
- In October 2023, the EPA published a final rule imposing reporting and recordkeeping requirements on manufacturers and importers of PFAS.October 2023
- U.S. imposition of tariffs on certain countries and retaliatory tariffs on U.S. goods and services by certain countries.
- Efforts to withdraw from or substantially modify trade agreements, including higher tariffs or new barriers to entry.
- Embargoes, sanctions and export controls restricting transactions with certain persons, regions, or products, including changing U.S. export controls and sanctions on China.
- China, India, and Germany have announced plans to ban diesel-powered products.
- California government officials have called for phasing out sales of certain diesel-powered vehicles by 2035.2035
- In 2025, nearly 50% of equity, royalty and interest income from investees came from three 50%-owned joint ventures in China: Chongqing Cummins Engine Company, Ltd., Dongfeng Cummins Engine Company, Ltd. and Beijing Foton Cummins Engine Co., Ltd.2025
- Approximately 20,000 of our employees worldwide are represented by various unions under collective bargaining agreements that expire between 2026 and 2030.2026-2030
- Employed approximately 67,400 persons worldwide at December 31, 2025.December 31, 2025
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