Cummins Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES

MARKETABLE SECURITIES

6 Months Ended

Jul. 01, 2012

MARKETABLE SECURITIES

MARKETABLE SECURITIES

NOTE 6. MARKETABLE SECURITIES

A summary of marketable securities, all of which are classified as current, was as follows:

	July 1, 2012						December 31, 2011
In millions	Cost		Gross unrealized gains/(losses)		Estimated fair value		Cost		Gross unrealized gains/(losses)		Estimated fair value
Available-for-sale
Debt mutual funds	$	146	$	2	$	148	$	115	$	2	$	117
Bank debentures	53		—		53		82		—		82
Certificates of deposit	48		—		48		66		—		66
Government debt securities-non-U.S.	3		—		3		3		—		3
Corporate debt securities	2		—		2		2		—		2
Equity securities and other	—		7		7		—		7		7
Total marketable securities	$	252	$	9	$	261	$	268	$	9	$	277

At July 1, 2012, the fair value of available-for-sale investments in debt securities by contractual maturity was as follows:

Maturity date	Fair value
In millions
1 year or less	$	32
1-5 years	25
5-10 years	1
Total	$	58

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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