Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.5.0.2
Investments (Tables)
 9 Months Ended
Sep. 30, 2016
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):
 
September 30, 2016

December 31, 2015

Marketable securities
$
277

$
229

Other assets
102

93

Total
$
379

$
322

Available-for-sale securities and held-to-maturity securities
As of September 30, 2016, available-for-sale securities consisted of the following (in millions):
 
 
Gross Unrealized
 
Estimated

 
Cost

Gains

Losses

 
Fair Value

Available-for-sale securities:1
 
 
 
 
 
Equity securities
$
1,266

$
484

$
(35
)
 
$
1,715

Debt securities
4,792

113

(15
)
 
4,890

Total
$
6,058

$
597

$
(50
)
 
$
6,605


1 Refer to Note 14 for additional information related to the estimated fair value.
As of December 31, 2015, available-for-sale securities consisted of the following (in millions):
 
 
Gross Unrealized
 
Estimated

 
Cost

Gains

Losses

 
Fair Value

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 14 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):
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2016

October 2, 2015

 
September 30, 2016

October 2, 2015

Gross gains
$
21

$
44

 
$
131

$
85

Gross losses
(6
)
(15
)
 
(42
)
(27
)
Proceeds
2,072

1,016

 
8,889

3,320

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):
 
September 30,
2016

December 31,
2015

Cash and cash equivalents
$
1,635

$
361

Marketable securities
2,880

4,040

Other investments
967

3,280

Other assets
1,123

925

Total
$
6,605

$
8,606

Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale securities as of September 30, 2016 were as follows (in millions):
 
Cost

Estimated Fair Value

Within 1 year
$
1,994

$
1,994

After 1 year through 5 years
2,277

2,336

After 5 years through 10 years
186

204

After 10 years
335

356

Equity securities
1,266

1,715

Total
$
6,058

$
6,605