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SHAREHOLDERS' EQUITY," to the Consolidated Financial Statements .
−Removed: At December 31, 2021, there were approximately 2,525 holders of record of Cummins Inc.'s $2.50 par value common stock.
+Added: At December 31, 2022, there were 2,446 holders of record of Cummins Inc.'s $2.50 par value common stock.
The following information is provided pursuant to Item 703 of Regulation S-K:
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(in millions) (2)
−Removed: October 4 - November 7 263,999 $ 232.40 263,999 $ 704
−Removed: November 8 - December 5 91,173 221.23 91,173 684
+Added: October 1 - October 31 21,830 $ 206.12 21,830 $ 2,218
+Added: November 1 - November 30 — — — 2,218
December 1 - December 31 — — — 2,218
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(2) Shares repurchased under our Key Employee Stock Investment Plan only occur in the event of a participant default, which cannot be predicted, and were excluded from this column.
−Removed: In December 2021, the Board of Directors (the Board) authorized the acquisition of up to $2.0 billion of additional common stock upon completion of the 2019 repurchase plan.
−Removed: In December 2019, the Board authorized the acquisition of up to $2.0 billion of additional common stock upon completion of the 2018 repurchase plan.
+Added: In December 2021, the Board authorized the acquisition of up to $2.0 billion of additional common stock upon completion of the $2.0 billion repurchase plan authorized in 2019.
During the three months ended December 31, 2022, we repurchased $4 million of common stock under the 2019 authorization.
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The following graph compares the cumulative total shareholder return on our common stock for the last five years with the cumulative total return on the S&P 500 Index and an index of peer companies selected by us.
−Removed: Our peer group includes BorgWarner Inc., Caterpillar, Inc., Daimler AG, Deere & Company, Donaldson Company Inc., Eaton Corporation, Emerson Electric Co., Fortive Corporation, W.W.
+Added: Our peer group includes BorgWarner Inc., Caterpillar, Inc., Daimler Truck Holding AG, Deere & Company, Donaldson Company Inc., Eaton Corporation, Emerson Electric Co., Fortive Corporation, W.W.
Grainger Inc., Honeywell International, Illinois Tool Works Inc., PACCAR, Parker-Hannifin Corporation, Textron Inc.
and Volvo AB.
+Added: Daimler Truck Holding AG is excluded from the peer index in the following graph due to the corporate split and public filing in December 2021.
Each of the measures of cumulative total return assumes reinvestment of dividends.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.