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

MARKETABLE SECURITIES (Tables)

9 Months Ended

Sep. 30, 2023

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


	September 30, 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






Debt mutual funds	$	236	$	(7)	$	229	$	238	$	(5)	$	233
Certificates of deposit	191		—		191		209		—		209


Equity mutual funds	24		4		28		25		3		28

Debt securities	4		—		4		2		—		2







Marketable securities	$	455	$	(3)	$	452	$	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.

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


	Nine months ended
	September 30,
In millions		2023		2022
Proceeds from sales of marketable securities		$	812	$	576
Proceeds from maturities of marketable securities		190		243
Investments in marketable securities - liquidations		$	1,002	$	819