Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v3.3.1.900
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
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,
2015

 
2014

Marketable securities
$
229

 
$
315

Other assets
93

 
94

Total trading securities
$
322

 
$
409

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2015 and 2014, 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
 
2015
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
3,573

 
$
485

 
$
(84
)
 
$
3,974

Debt securities
4,593

 
64

 
(25
)
 
4,632

Total
$
8,166

 
$
549

 
$
(109
)
 
$
8,606

2014
 
 
 
 
 
 
 
Available-for-sale securities:1
 
 
 
 
 
 
 
Equity securities
$
2,687

 
$
1,463

 
$
(29
)
 
$
4,121

Debt securities
3,796

 
68

 
(106
)
2 
3,758

Total
$
6,483

 
$
1,531

 
$
(135
)
 
$
7,879

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,
2015

 
2014

 
2013

Gross gains
$
103

 
$
38

 
$
12

Gross losses
(42
)
 
(21
)
 
(24
)
Proceeds
4,043

 
4,157

 
4,212

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,
2015

 
2014

Cash and cash equivalents
$
361

 
$
43

Marketable securities
4,040

 
3,350

Other investments
3,280

 
3,512

Other assets
925

 
974

Total
$
8,606

 
$
7,879

Contractual maturity amounts of the investment securities
The contractual maturities of these investments as of December 31, 2015 were as follows (in millions):
 
Available-for-Sale Securities  
 
Cost

 
Fair Value

Within 1 year
$
2,496

 
$
2,496

After 1 year through 5 years
1,709

 
1,728

After 5 years through 10 years
111

 
122

After 10 years
277

 
286

Equity securities
3,573

 
3,974

Total
$
8,166

 
$
8,606