Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v2.4.1.9
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2014
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,
2014

 
2013

Marketable securities
$
315

 
$
286

Other assets
94

 
86

Total trading securities
$
409

 
$
372

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2014 and 2013, 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
 
2014
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
2,687

 
$
1,463

 
$
(29
)
 
$
4,121

Debt securities
3,796

 
68

 
(106
)
2 
3,758

 
$
6,483

 
$
1,531

 
$
(135
)
 
$
7,879

2013
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
1,097

 
$
373

 
$
(17
)
 
$
1,453

Debt securities
3,388

 
24

 
(23
)
 
3,389

 
$
4,485

 
$
397

 
$
(40
)
 
$
4,842

1 
Refer to Note 16 for additional information related to the estimated fair value.
2 Includes $101 million recognized in the consolidated income statement line item other income (loss) — net during the year ended December 31, 2014. The amount was primarily offset by changes in the fair value of foreign currency contracts designated as fair value hedges. Refer to Note 5 for additional information.
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):
Year Ended December 31,
2014

 
2013

 
2012

Gross gains
$
38

 
$
12

 
$
41

Gross losses
(21
)
 
(24
)
 
(35
)
Proceeds
4,157

 
4,212

 
5,036

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,
2014

 
2013

Cash and cash equivalents
$
43

 
$
245

Marketable securities
3,350

 
2,861

Other investments
3,512

 
958

Other assets
974

 
778

 
$
7,879

 
$
4,842

Contractual maturity amounts of the investment securities
The contractual maturities of these investments as of December 31, 2014, were as follows (in millions):
 
Available-for-Sale Securities  
 
Cost

 
Fair Value

Within 1 year
$
1,589

 
$
1,489

After 1 year through 5 years
1,709

 
1,747

After 5 years through 10 years
118

 
130

After 10 years
380

 
392

Equity securities
2,687

 
4,121

 
$
6,483

 
$
7,879