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

MARKETABLE SECURITIES (Tables)

6 Months Ended

Jul. 04, 2021

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


	July 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	$	241	$	3	$	244	$	267	$	5	$	272
Certificates of deposit	165		—		165		164		—		164

Equity mutual funds	20		8		28		19		5		24

Debt securities	1		—		1		1		—		1







Total marketable securities	$	427	$	11	$	438	$	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:


	Six months ended
In millions		July 4, 2021		June 28, 2020
Proceeds from sales of marketable securities		$	273	$	164
Proceeds from maturities of marketable securities		108		90
Investments in marketable securities - liquidations		$	381	$	254