Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

v3.20.1
MARKETABLE SECURITIES (Tables)
3 Months Ended
Mar. 29, 2020
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 29,
2020
December 31,
2019
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 $ 217    $   $ 221    $ 180    $   $ 183   
Certificates of deposit 95    —    95    133    —    133   
Equity mutual funds 22    (1)   21    19      23   
Bank debentures   —        —     
Debt securities   —        —     
Total marketable securities $ 336    $   $ 339    $ 334    $   $ 341   
(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.
Schedule of proceeds from sales and maturities
The proceeds from sales and maturities of marketable securities were as follows:
Three months ended
In millions March 29,
2020
March 31,
2019
Proceeds from sales of marketable securities $ 53    $ 63   
Proceeds from maturities of marketable securities 42    40   
Investments in marketable securities - liquidations $ 95    $ 103