Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v2.4.0.8
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
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,
2013

 
2012

Marketable securities
$
286

 
$
184

Other assets
86

 
82

Total trading securities
$
372

 
$
266

Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities
As of December 31, 2013 and 2012, 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
 
2013
 
 
 
 
 
 
 
Available-for-sale securities:1,2
 
 
 
 
 
 
 
Equity securities
$
1,097

 
$
373

 
$
(17
)
 
$
1,453

Debt securities
3,388

 
24

 
(23
)
 
3,389

 
$
4,485

 
$
397

 
$
(40
)
 
$
4,842

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

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):
Year Ended December 31,
2013

 
2012

 
2011

Gross gains
$
12

 
$
41

 
$
5

Gross losses
(24
)
 
(35
)
 
(1
)
Proceeds
4,212

 
5,036

 
37

Investments By Balance Sheet Grouping
The Company's available-for-sale securities were included in the following captions in our consolidated balance sheets (in millions):
December 31,
2013

 
2012

Cash and cash equivalents
$
245

 
$
9

Marketable securities
2,861

 
2,908

Other investments, principally bottling companies
958

 
1,087

Other assets
778

 
589

 
$
4,842

 
$
4,593

Contractual maturity amounts of the investment securities
The contractual maturities of these investments as of December 31, 2013, were as follows (in millions):
 
Available-for-Sale Securities  
 
Cost

 
Fair Value

Within 1 year
$
1,227

 
$
1,227

After 1 year through 5 years
1,669

 
1,672

After 5 years through 10 years
156

 
161

After 10 years
336

 
329

Equity securities
1,097

 
1,453

 
$
4,485

 
$
4,842