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

MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2019

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



	December 31,
	2019						2018
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	$	180	$	3	$	183	$	103	$	1	$	104
Certificates of deposit	133		—		133		101		—		101
Equity mutual funds	19		4		23		16		—		16
Bank debentures	1		—		1		—		—		—
Debt securities	1		—		1		1		—		1
Total marketable securities	$	334	$	7	$	341	$	221	$	1	$	222

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⁽¹⁾

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



	Years ended December 31,
In millions	2019		2018		2017
Proceeds from sales of marketable securities	$	258	$	253	$	145
Proceeds from maturities of marketable securities	131		78		121
Investments in marketable securities - liquidations	$	389	$	331	$	266