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

MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2020

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


	December 31,
	2020						2019
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	$	267	$	5	$	272	$	180	$	3	$	183
Certificates of deposit	164		—		164		133		—		133
Equity mutual funds	19		5		24		19		4		23
Bank debentures	—		—		—		1		—		1

Debt securities	1		—		1		1		—		1


Total marketable securities	$	451	$	10	$	461	$	334	$	7	$	341

(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 "Other income, net" 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	2020		2019		2018
Proceeds from sales of marketable securities	$	343	$	258	$	253
Proceeds from maturities of marketable securities	126		131		78
Investments in marketable securities - liquidations	$	469	$	389	$	331