Cummins Inc. Annual report pursuant to Section 13 and 15(d)

MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2022

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


	December 31,
	2022						2021
In millions	Cost		Gross unrealized gains/(losses) (1)		Estimated fair value		Cost		Gross unrealized gains/(losses) (1)		Estimated fair value
Equity securities





Certificates of deposit	$	209	$	—	$	209	$	299	$	—	$	299
Debt mutual funds	238		(5)		233		254		2		256
Equity mutual funds	25		3		28		29		10		39


Debt securities	2		—		2		1		—		1


Marketable securities	$	474	$	(2)	$	472	$	583	$	12	$	595

(1) Unrealized gains and losses for debt securities are recorded in other comprehensive income while unrealized gains and losses for equity securities are recorded in our Consolidated Statements of Net Income.

The proceeds from sales and maturities of marketable securities were as follows:


	Years ended December 31,
In millions	2022		2021		2020
Proceeds from sales of marketable securities	$	750	$	494	$	343
Proceeds from maturities of marketable securities	401		179		126
Investments in marketable securities - liquidations	$	1,151	$	673	$	469