2 Letter to the Shareholders 

6 Power Generation Business 

8 Filtration Business and Other 

10 Engine Business 

12 Financial Overview 

13 ManagementGLYPH<213>s Discussion and Analysis 

18 Responsibility for Financial Statements 

18 Report of Independent Public Accountants 

19 Statement of Earnings 

20 Statement of Financial Position 

21 Statement of Cash Flows 

22 Statement of ShareholdersGLYPH<213> Investment 

23 Notes to Consolidated Financial Statements 

37 Five-Year Supplemental Data 

38 Directors and Committees 

40 Executives and Officers 

41 Shareholder Information 

42 Cummins Worldwide Locations 

## Contents 

