Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v2.4.0.6
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2011
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,
2011

 
2010

Marketable securities
$
138

 
$
132

Other assets
73

 
77

Total trading securities
$
211

 
$
209

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2011 and 2010, available-for-sale and held-to-maturity securities consisted of the following (in millions):
 
 
 
Gross
Unrealized  
 
Estimated
 
Cost
 
Gains
 
Losses
 
Fair Value
2011
 
 
 
 
 
 
 
Available-for-sale securities:1,2
 
 
 
 
 
 
 
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

2010
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
209

 
$
267

 
$
(5
)
 
$
471

Debt securities
14

 
—

 
—

 
14

 
$
223

 
$
267

 
$
(5
)
 
$
485

Held-to-maturity securities:
 
 
 
 
 
 
 
Bank and corporate debt
$
111

 
$
—

 
$
—

 
$
111

1 
Refer to Note 16 for additional information related to the estimated fair value.
2 
During 2011, the balance of available-for-sale securities increased significantly, primarily due to long-term investments made by our captive insurance company and an investment in Arca Continental, S.A.B. de C.V. ("Arca Contal"). Refer to Note 17 for a discussion of the Arca Contal transaction.
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, 2011
 
December 31, 2010
 
Available-
for-Sale
Securities

 
Held-to-
Maturity
Securities

 
Available-
for-Sale
Securities

 
Held-to-
Maturity
Securities

Cash and cash equivalents
$
—

 
$
112

 
$
—

 
$
110

Marketable securities
5

 
1

 
5

 
1

Other investments, principally bottling companies
986

 
—

 
471

 
—

Other assets
410

 
—

 
9

 
—

 
$
1,401

 
$
113

 
$
485

 
$
111

Contractual maturity amounts of the investment securities
The contractual maturities of these investments as of December 31, 2011, were as follows (in millions):
 
Available-for-Sale Securities  
 
Held-to-Maturity Securities  
 
Cost

 
Fair Value

 
Amortized Cost

 
Fair Value

Within 1 year
$
5

 
$
5

 
$
113

 
$
113

After 1 year through 5 years
32

 
32

 
—

 
—

After 5 years through 10 years
191

 
191

 
—

 
—

After 10 years
104

 
102

 
—

 
—

Equity securities
834

 
1,071

 
—

 
—

 
$
1,166

 
$
1,401

 
$
113

 
$
113