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

MARKETABLE SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

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


	September 30, 2022						December 31, 2021
In millions	Cost		Gross unrealized gains/(losses)(1)		Estimated fair value		Cost		Gross unrealized gains/(losses)(1)		Estimated fair value

Equity securities





Certificates of deposit	$	229	$	—	$	229	$	299	$	—	$	299

Debt mutual funds	215		(7)		208		254		2		256
Equity mutual funds	28		1		29		29		10		39

Debt securities	—		—		—		1		—		1







Total marketable securities	$	472	$	(6)	$	466	$	583	$	12	$	595

(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		September 30, 2022		October 3, 2021
Proceeds from sales of marketable securities		$	576	$	428
Proceeds from maturities of marketable securities		243		174
Investments in marketable securities - liquidations		$	819	$	602