Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v3.6.0.2
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
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,
2016

 
2015

Marketable securities
$
282

 
$
229

Other assets
102

 
93

Total
$
384

 
$
322

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2016 and 2015, 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
 
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

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

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,
2016

 
2015

 
2014

Gross gains
$
152

 
$
103

 
$
38

Gross losses
(51
)
 
(42
)
 
(21
)
Proceeds
11,540

 
4,043

 
4,157

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,
2016

 
2015

Cash and cash equivalents
$
682

 
$
361

Marketable securities
3,769

 
4,040

Other investments
849

1 
3,280

Other assets
1,113

 
925

Total
$
6,413

 
$
8,606


1 The decline in other investments in 2016 is primarily due to the disposal of our investment in Keurig. Refer to Note 2.
Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale securities as of December 31, 2016 were as follows (in millions):
 
Cost

 
Estimated Fair Value

Within 1 year
$
1,900

 
$
1,900

After 1 year through 5 years
2,324

 
2,352

After 5 years through 10 years
176

 
194

After 10 years
300

 
312

Equity securities
1,252

 
1,655

Total
$
5,952

 
$
6,413