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

MARKETABLE SECURITIES (Tables)

9 Months Ended

Oct. 03, 2021

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


	October 3, 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	$	196	$	2	$	198	$	267	$	5	$	272
Certificates of deposit	200		—		200		164		—		164

Equity mutual funds	22		9		31		19		5		24

Debt securities	1		—		1		1		—		1







Total marketable securities	$	419	$	11	$	430	$	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:


	Nine months ended
In millions		October 3, 2021		September 27, 2020
Proceeds from sales of marketable securities		$	428	$	283
Proceeds from maturities of marketable securities		174		125
Investments in marketable securities - liquidations		$	602	$	408