Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.2.0.727
Investments (Tables)
 6 Months Ended
Jul. 03, 2015
Investments [Abstracts]  
Schedule of trading securities
The Company's trading securities were included in the following line items in our condensed consolidated balance sheets (in millions):
 
July 3,
2015

December 31,
2014

Marketable securities
$
252

$
315

Other assets
94

94

Total trading securities
$
346

$
409

Available-for-sale securities and held-to-maturity securities
As of July 3, 2015, available-for-sale securities consisted of the following (in millions):
 
 
Gross Unrealized
 
 
 
Cost

Gains

Losses

 
Fair Value

Available-for-sale securities:1
 
 
 
 
 
Equity securities
$
3,420

$
431

$
(456
)
2 
$
3,395

Debt securities
3,416

55

(10
)
 
3,461

Total available-for-sale securities
$
6,836

$
486

$
(466
)
 
$
6,856


1 Refer to Note 14 for additional information related to the estimated fair value.
2 Included in the gross unrealized losses is $431 million related to our investment in Keurig.
As of December 31, 2014, available-for-sale securities consisted of the following (in millions):
 
 
Gross Unrealized
 
 
 
Cost

Gains

Losses

 
Fair Value

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

$
1,463

$
(29
)
 
$
4,121

Debt securities
3,796

68

(106
)
2 
3,758

Total available-for-sale securities
$
6,483

$
1,531

$
(135
)
 
$
7,879

1 Refer to Note 14 for additional information related to the estimated fair value.
2 Includes $101 million recognized in the condensed 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 realized activity (in millions):
 
Three Months Ended
 
Six Months Ended
 
July 3,
2015

June 27,
2014

 
July 3,
2015

June 27,
2014

Gross gains
$
7

$
13

 
$
41

$
16

Gross losses
(5
)
(9
)
 
(12
)
(13
)
Proceeds
862

817

 
2,304

2,182

Investments by Balance Sheet Grouping
The Company's available-for-sale securities were included in the following line items in our condensed consolidated balance sheets (in millions):
 
July 3,
2015

December 31,
2014

Cash and cash equivalents
$
27

$
43

Marketable securities
3,181

3,350

Other investments
2,814

3,512

Other assets
834

974

Total available-for-sale securities
$
6,856

$
7,879

Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale securities as of July 3, 2015 were as follows (in millions):
 
Cost

Fair Value

Within 1 year
$
1,204

$
1,204

After 1 year through 5 years
1,767

1,787

After 5 years through 10 years
119

134

After 10 years
326

336

Equity securities
3,420

3,395

Total available-for-sale securities
$
6,836

$
6,856