Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

v3.23.1
MARKETABLE SECURITIES (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of marketable securities
A summary of marketable securities, all of which were classified as current, was as follows:
  March 31,
2023
December 31,
2022
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 $ 226  $   $ 226  $ 209  $ —  $ 209 
Debt mutual funds 206  (4) 202  238  (5) 233 
Equity mutual funds 31  (2) 29  25  28 
Debt securities 1  1  2  — 
Marketable securities $ 464  $ (5) $ 459  $ 474  $ (2) $ 472 
(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 our Condensed Consolidated Statements of Net Income.
Schedule of proceeds from sales and maturities
The proceeds from sales and maturities of marketable securities were as follows:
Three months ended
March 31,
In millions 2023 2022
Proceeds from sales of marketable securities $ 276  $ 195 
Proceeds from maturities of marketable securities 69  59 
Investments in marketable securities - liquidations $ 345  $ 254