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

MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2024

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


	December 31,
	2024						2023
In millions	Cost		Gross unrealized gains/(losses) (1)		Estimated fair value		Cost		Gross unrealized gains/(losses) (1)		Estimated fair value
Equity securities





Level 1
Publicly-traded shares	$	7	$	(6)	$	1	$	—	$	—	$	—
Level 2
Debt mutual funds	262		1		263		272		—		272
Certificates of deposit	262		—		262		246		—		246
Equity mutual funds	19		7		26		22		6		28


Debt securities	41		—		41		16		—		16


Marketable securities	$	591	$	2	$	593	$	556	$	6	$	562

(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	2024		2023		2022
Proceeds from sales of marketable securities	$	1,227	$	1,075	$	750
Proceeds from maturities of marketable securities	233		259		401
Investments in marketable securities - liquidations	$	1,460	$	1,334	$	1,151