Yes, provided the telco sends it (in North America anyways).
Assign the line to the set, then click on "Caller ID Set" under the line. Nothing else to do other than that.
Even if you haven't configured the caller ID set parameter on the line, the set will display the CLID info once the call has been answered.
If you are front ending all calls with an auto attendant, be sure that you have the AA set to answer at 2 rings, as the CLID is passed between rings 1 and 2.