Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v3.8.0.1
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Investments Disclosure [Abstract]  
Schedule of trading securities
The Company's trading securities were included in the following line items in our consolidated balance sheets (in millions):
December 31,
2017

 
2016

Marketable securities
$
295

 
$
282

Other assets
112

 
102

Total
$
407

 
$
384

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2017 and 2016, the Company did not have any held-to-maturity securities. Available-for-sale securities consisted of the following (in millions):
 
 
 
Gross Unrealized  
 
Estimated Fair Value
 
Cost
 
Gains
 
Losses
 
2017
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
1,276

 
$
685

 
$
(66
)
 
$
1,895

Debt securities
5,782

 
157

 
(27
)
 
5,912

Total
$
7,058

 
$
842

 
$
(93
)
 
$
7,807

2016
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
1,252

 
$
425

 
$
(22
)
 
$
1,655

Debt securities
4,700

 
89

 
(31
)
 
4,758

Total
$
5,952

 
$
514

 
$
(53
)
 
$
6,413

1 
Refer to Note 16 for additional information related to the estimated fair value.
Schedule of Realized Gain (Loss) [Table Text Block]
The sale and/or maturity of available-for-sale securities resulted in the following realized activity (in millions):
Year Ended December 31,
2017

 
2016

 
2015

Gross gains
$
68

 
$
152

 
$
103

Gross losses
(32
)
 
(51
)
 
(42
)
Proceeds
14,205

 
11,540

 
4,043

Investments By Balance Sheet Grouping
The Company's available-for-sale securities were included in the following line items in our consolidated balance sheets (in millions):
December 31,
2017

 
2016

Cash and cash equivalents
$
667

 
$
682

Marketable securities
5,022

 
3,769

Other investments
953

 
849

Other assets
1,165

 
1,113

Total
$
7,807

 
$
6,413

Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale securities as of December 31, 2017 were as follows (in millions):
 
Cost

 
Estimated Fair Value

Within 1 year
$
1,433

 
$
1,491

After 1 year through 5 years
3,929

 
3,983

After 5 years through 10 years
103

 
117

After 10 years
317

 
321

Equity securities
1,276

 
1,895

Total
$
7,058

 
$
7,807