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

MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2023

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


	December 31,
	2023						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	$	272	$	—	$	272	$	238	$	(5)	$	233
Certificates of deposit	246		—		246		209		—		209
Equity mutual funds	22		6		28		25		3		28


Debt securities	16		—		16		2		—		2


Marketable securities	$	556	$	6	$	562	$	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 Consolidated Statements of Net Income.

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


	Years ended December 31,
In millions	2023		2022		2021
Proceeds from sales of marketable securities	$	1,075	$	750	$	494
Proceeds from maturities of marketable securities	259		401		179
Investments in marketable securities - liquidations	$	1,334	$	1,151	$	673