The results of this formal review and regulatory processes could have a material adverse impact on CumMins Inc's Results of operations, financial position and cash flows.

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Developing engines and components to meet more stringent and changing regulatory requirements.

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Changes in government policies on foreign trade and investment can affect the demand for CUMMINS INC's products and services.

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Cumbres Inc is also subject to laws requiring the cleanup of contaminated property.

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Violations of these laws may result in severe criminal or civil sanctions.

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If a release of hazardous substances occurs at or from any of Cumber's current or former properties or at a landfill the amount of such liability may be material.

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A sustained market slowdown could have a material and adverse effect on the company's results of operations and cash flows.

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The ongoing spread of the virus prior to widespread vaccination presents several risks to CumMins INC's business, especially in the first half of 2021.

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A slowdown in infrastructure development and/or depressed commodity prices could adversely affect the company's business.

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Financial distress, particularly related to the COVID-19 pandemic or bankruptcy could have a material adverse impact on CumMins INC's results of operations, financial condition and cash flows.

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A significant component of CUMMINS INC's investment in the Eaton Cummins Automated Transmission Technologies joint venture is related to the expected growth in automated transmission products in North America and China.

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Lower-than-anticipated market acceptance of the company's new or existing products or services could have a material adverse impact on its results of operations, financial condition and cash flows.

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CumMins Inc's products are subject to recall for performance or safety-related issues.

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Many factors both within and outside CUMMINS INC's control affect the success of new or existing products and services in the marketplace.

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Offering engines andServices that customers desire and value can mitigate the risks of increasing competition and declining demand.

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Products and Services that are perceived to be less than desirable can exacerbate these risks.

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At December 31, 2020, CUMMINS INC employed approximately 57,825 persons worldwide.

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Approximately 20,279 of CumMins INC's employees worldwide were represented by various unions.

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There can be no assurance that future issues with Cumbins Inc's labor unions will be resolved favorably.

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There can be no assurance that CUMMINS INC will be able to identify suitable candidates or consummate these transactions on favorable terms.

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The successful identification and completion of any strategic transaction depends on a number of factors that are not entirely within CumMins INC's control.

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Strategic transactions also may have adverse effects on Cumbres Inc's existing business relationships with suppliers and customers.

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Security breaches, computer malware and other "cyber attacks" are increasing in both frequency and sophistication.

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Cummins is subject to the political, economic and others risks that are inherent in operating in numerous countries.

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Increasing global competition among Cumsins' customers may affect the existing customer relationships.

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CumMins Inc conduct operations in many areas of the world involving transactions denominated in a variety of currencies.

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Changes in foreign currency exchange rates between the U.S. dollar and other currencies have had, and will continue to have, an impact on the company's results of operations, financial condition and cash flows.

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Significant declines in current and future financial and stock market conditions related to the COVID-19 pandemic could cause material losses in Cummins INC's pension plan assets.

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It is possible that the consequences of any remediation plans resulting from Cummins' internal review of its emissions certification process and compliance with emission standards.

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CumMins Inc. cannot predict the final results of this formal review and these regulatory processes.

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Developing engines and components to meet more stringent and changing regulatory requirements.

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Changes in international, national and regional trade laws, regulations and policies affecting and/or restricting international trade.

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Embargoes, sanctions and export controls imposed by the U.S. and other governments restricting or prohibiting transactions with certain persons or entities.

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On September 9, 2021, President Biden issued an executive order requiring all employers with U.S. government contracts to ensure that their employees, contractors and subcontractors are fully vaccinated against COVID-19.

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CUMMINS INC's implementation of these requirements may result in attrition, including attrition of critically skilled labor.

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There can be no assurance that CUMMINS INC will not be adversely impacted by costs, liabilities or claims under present laws and regulations.

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Future bans or limitations on the use of diesel-powered vehicles or other applications could have a material adverse impact on Cummins INC's business over the long term.

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The current economic environment has resulted, and may continue to result, in price volatility and inflation of many of the company's raw material, transportation and other costs.

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Cumbins Inc's markets are cyclical in nature and demand fluctuates significantly higher or lower than normal.

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In periods of weak demand, CumMins INC may face under-utilized capacity and un-recovered overhead costs.

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The development of new technologies may materially reduce the demand for CUMMINS INC's current products and services.

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There can be no assurance that commodity price fluctuations will not adversely affect Cumbria's Results of Operations and Cash Flow.

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Cummins is exposed to potential product liability claims.

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Cummins Inc. face an inherent business risk of exposure to product liability claims.

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CumMins INC may not be able to obtain insurance on acceptable terms in the future, if at all, and any such insurance might not provide adequate coverage against product liability claims.

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The separation may present difficulties that could have an adverse effect on the company and/or the independent business resulting from the separation.

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There can be no assurance that CUMMINS INC will be able to identify suitable candidates or consummate these transactions on favorable terms.

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Any acquisition may not be accretive for a significant period of time following the completion of such acquisition.

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The potential impacts of climate change on CumMins INC's customers, product offerings, operations, facilities and suppliers are accelerating and uncertain.

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Concerns regarding climate change may lead to additional international, national, regional and local legislative and regulatory responses.

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Increased input costs, such as fuel, utility, transportation and compliance-related costs could increase CUMMINS INC's operating costs.

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The data handled by CumMins Inc's technologies is vulnerable to security threats.

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There can be no assurance that the consequences of these and other factors relating to CUMMINS INC's multinational operations will not have a material adverse effect upon the company.

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There continues to be significant uncertainty about the future relationships between the U.S. and China and the United States and Russia.

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Cumbins Inc. conduct operations in many areas of the world involving transactions denominated in a variety of currencies.

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Changes in foreign currency exchange rates have had, and will continue to have, an impact on CumMins INC's results of operations, financial condition and cash flows.

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