Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.7.0.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2017
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):
 
June 30,
2017

December 31, 2016

Marketable securities
$
309

$
282

Other assets
106

102

Total
$
415

$
384

Available-for-sale securities and held-to-maturity securities
As of June 30, 2017, 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
$
1,268

$
634

$
(31
)
 
$
1,871

Debt securities
6,076

117

(22
)
 
6,171

Total
$
7,344

$
751

$
(53
)
 
$
8,042


1 Refer to Note 14 for additional information related to the estimated fair value.
As of December 31, 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
$
1,252

$
425

$
(22
)
 
$
1,655

Debt securities
4,700

89

(31
)
 
4,758

Total
$
5,952

$
514

$
(53
)
 
$
6,413

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
 
Six Months Ended
 
June 30,
2017

July 1,
2016

 
June 30,
2017

July 1,
2016

Gross gains
$
14

$
10

 
$
40

$
110

Gross losses
(7
)
(6
)
 
(14
)
(36
)
Proceeds
3,456

2,301

 
6,550

6,817

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):
 
June 30,
2017

December 31,
2016

Cash and cash equivalents
$
1,795

$
682

Marketable securities
4,180

3,769

Other investments
1,014

849

Other assets
1,053

1,113

Total
$
8,042

$
6,413

Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale securities as of June 30, 2017, were as follows (in millions):
 
Cost

Estimated Fair Value

Within 1 year
$
2,261

$
2,305

After 1 year through 5 years
3,358

3,385

After 5 years through 10 years
142

158

After 10 years
315

323

Equity securities
1,268

1,871

Total
$
7,344

$
8,042