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

MARKETABLE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2024

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


	March 31, 2024						December 31, 2023
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	$	245	$	—	$	245	$	246	$	—	$	246
Debt mutual funds	225		(1)		224		272		—		272


Equity mutual funds	21		7		28		22		6		28

Debt securities	13		—		13		16		—		16







Marketable securities	$	504	$	6	$	510	$	556	$	6	$	562

(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.

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


	Three months ended
	March 31,
In millions		2024		2023
Proceeds from sales of marketable securities		$	426	$	276
Proceeds from maturities of marketable securities		5		69
Investments in marketable securities - liquidations		$	431	$	345