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

Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)

6 Months Ended

Jun. 30, 2013

	June 30, 2013						December 31, 2012
In millions	Cost		Gross unrealized gains/(losses)		Estimated fair value		Cost		Gross unrealized gains/(losses)		Estimated fair value
Available-for-sale
Debt mutual funds(1)	$	116	$	1	$	117	$	139	$	3	$	142
Bank debentures	12		—		12		45		—		45
Certificates of deposit	51		—		51		47		—		47
Government debt securities-non-U.S.	3		—		3		3		—		3
Corporate debt securities	1		—		1		1		—		1
Equity securities and other(2)	12		9		21		—		9		9
Total marketable securities	$	195	$	10	$	205	$	235	$	12	$	247

(1) Contractual maturities are only applicable to debt mutual funds that utilize a Level 2 fair value.

(2) In the first quarter of 2013 we realized a $9 million gain on the sale of equity securities.

Summary of fair value of available-for-sale investments with contractual maturities

Maturity date
In millions	Fair value
1 year or less	$	82
1-5 years	5
5-10 years	1
Total	$	88

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details