SEC Filings


10-Q
CUMMINS INC filed this Form 10-Q on 10/31/2017
Entire Document
 

The proceeds from sales and maturities of marketable securities and gross realized gains and losses from the sale of available-for-sale securities were as follows:
 
 
Nine months ended
In millions
 
October 1,
2017
 
October 2,
2016
Proceeds from sales and maturities of marketable securities (1)
 
$
218

 
$
291


____________________________________
(1) Gross realized gains and losses from the sale of available-for-sale securities were immaterial.
The fair value of available-for-sale investments in debt securities that utilize a Level 2 fair value measure is shown by contractual maturity below:
 
Contractual Maturity (In millions)
 
October 1,
2017
1 year or less
 
$
139

1 - 5 years
 
1

Total
 
$
140


NOTE 6. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
October 1,
2017
 
December 31,
2016
Finished products
 
$
2,027

 
$
1,779

Work-in-process and raw materials
 
1,243

 
1,005

Inventories at FIFO cost
 
3,270

 
2,784

Excess of FIFO over LIFO
 
(124
)
 
(109
)
Total inventories
 
$
3,146

 
$
2,675



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