content_image/16841.jpg content_image/16843.jpg content_image/16844.jpg content_image/16842.jpg
## Note 5. Other (Income) Expense: 

The major components of other (income) expense included the following: 

<img src='content_image/16841.jpg'>

## Note 6. Investments in Joint Ventures and Alliances: 

Investments in joint ventures and alliances at December 31 were as follows: 

<img src='content_image/16843.jpg'>

Summary financial information for the joint ventures and alliances was as follows: 

<img src='content_image/16844.jpg'>

In connection with various joint venture agreements, Cummins is required to purchase products from the joint ventures in amounts to provide for the recovery of specified costs of the ventures. Under the agreement with Consolidated Diesel, CumminsGLYPH<213> purchases were $541 million in 2000 and $513 million in 1999. 

## Note 7. Borrowings: 

Long-term debt at December 31 was: 

<img src='content_image/16842.jpg'>

Maturities of long-term debt for the five years subsequent to December 31, 2000 are $8 million, $10 million, $133 million, $7 million, and $232 million. At December 31, 2000 and 1999, the weighted-average interest rate on loans payable and current maturities of long-term debt approximated 7 percent and 6 percent, respectively. 

The Company maintains a $500 million revolving credit agreement, maturing in 2003, under which there were no outstanding borrowings at December 31, 2000 or 1999. The revolving credit agreement supports the CompanyGLYPH<213>s commercial paper borrowings of $112 million at December 31, 2000 and $168 million at December 31, 1999. In February 1998, the Company issued $765 million face amount of notes and debentures under a $1 billion Registration Statement filed with the Securities and Exchange Commission in 1997. Net proceeds were used to finance the acquisition of Nelson and to pay down other indebtedness outstanding at December 31, 1997. The Company also has other domestic and international credit lines with approximately $135 million available at December 31, 2000. 

