Current report filing

INVESTMENTS (Tables)

v2.4.0.8
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
Investments Disclosure [Abstract]  
Schedule of trading securities
The Company's trading securities were included in the following captions in our consolidated balance sheets (in millions):
December 31,
2012

 
2011

Marketable securities
$
184

 
$
138

Other assets
82

 
73

Total trading securities
$
266

 
$
211

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2012 and 2011, available-for-sale and held-to-maturity securities consisted of the following (in millions):
 
 
 
Gross
Unrealized  
 
Estimated
 
Cost
 
Gains
 
Losses
 
Fair Value
2012
 
 
 
 
 
 
 
Available-for-sale securities:1,2
 
 
 
 
 
 
 
Equity securities
$
957

 
$
441

 
$
(10
)
 
$
1,388

Debt securities
3,169

 
46

 
(10
)
 
3,205

 
$
4,126

 
$
487

 
$
(20
)
 
$
4,593

Held-to-maturity securities:
 
 
 
 
 
 
 
Bank and corporate debt
$
—

 
$
—

 
$
—

 
$
—

2011
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
834

 
$
237

 
$
—

 
$
1,071

Debt securities
332

 
1

 
(3
)
 
330

 
$
1,166

 
$
238

 
$
(3
)
 
$
1,401

Held-to-maturity securities:
 
 
 
 
 
 
 
Bank and corporate debt
$
113

 
$
—

 
$
—

 
$
113

1 
Refer to Note 16 for additional information related to the estimated fair value.
2 
During 2012, the Company made a change to its overall cash management program. In an effort to manage counterparty risk and diversify our assets, the Company began to make additional investments in high-quality securities. These investments are primarily classified as available-for-sale securities.
Schedule of Realized Gain (Loss) [Table Text Block]
The sale and/or maturity of available-for-sale securities resulted in the following activity (in millions):
Years Ending December 31,
2012

 
2011

Gross gains
$
41

 
$
5

Gross losses
(35
)
 
(1
)
Proceeds
5,036

 
37

Investments By Balance Sheet Grouping
The Company's available-for-sale and held-to-maturity securities were included in the following captions in our consolidated balance sheets (in millions):
 
December 31, 2012
 
December 31, 2011
 
Available-
for-Sale
Securities

 
Held-to-
Maturity
Securities

 
Available-
for-Sale
Securities

 
Held-to-
Maturity
Securities

Cash and cash equivalents
$
9

 
$
—

 
$
—

 
$
112

Marketable securities
2,908

 
—

 
5

 
1

Other investments, principally bottling companies
1,087

 
—

 
986

 
—

Other assets
589

 
—

 
410

 
—

 
$
4,593

 
$
—

 
$
1,401

 
$
113

Contractual maturity amounts of the investment securities
The contractual maturities of these investments as of December 31, 2012, were as follows (in millions):
 
Available-for-Sale Securities  
 
Held-to-Maturity Securities  
 
Cost

 
Fair Value

 
Amortized Cost

 
Fair Value

Within 1 year
$
1,003

 
$
1,001

 
$
—

 
$
—

After 1 year through 5 years
1,590

 
1,598

 
—

 
—

After 5 years through 10 years
270

 
299

 
—

 
—

After 10 years
306

 
307

 
—

 
—

Equity securities
957

 
1,388

 
—

 
—

 
$
4,126

 
$
4,593

 
$
—

 
$
—