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

MARKETABLE SECURITIES (Tables)

3 Months Ended

Apr. 04, 2021

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


	April 4, 2021						December 31, 2020
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	$	188	$	3	$	191	$	267	$	5	$	272
Certificates of deposit	179		—		179		164		—		164

Equity mutual funds	20		6		26		19		5		24

Debt securities	1		—		1		1		—		1







Total marketable securities	$	388	$	9	$	397	$	451	$	10	$	461

(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 Condensed Consolidated Statements of Net Income.

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


	Three months ended
In millions		April 4, 2021		March 29, 2020
Proceeds from sales of marketable securities		$	163	$	53
Proceeds from maturities of marketable securities		44		42
Investments in marketable securities - liquidations		$	207	$	95