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

MARKETABLE SECURITIES (Tables)

6 Months Ended

Jun. 30, 2023

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


	June 30, 2023						December 31, 2022
In millions	Cost		Gross unrealized gains/(losses) (1)		Estimated fair value		Cost		Gross unrealized gains/(losses) (1)		Estimated fair value

Equity securities






Debt mutual funds	$	244	$	(5)	$	239	$	238	$	(5)	$	233
Certificates of deposit	242		—		242		209		—		209


Equity mutual funds	29		2		31		25		3		28

Debt securities	—		—		—		2		—		2







Marketable securities	$	515	$	(3)	$	512	$	474	$	(2)	$	472

(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 Condensed Consolidated Statements of Net Income.

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


	Six months ended
	June 30,
In millions		2023		2022
Proceeds from sales of marketable securities		$	509	$	346
Proceeds from maturities of marketable securities		111		115
Investments in marketable securities - liquidations		$	620	$	461