Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.10.0.1
Investments (Tables)
6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Investments [Abstracts]    
Unrealized Gain (Loss) on Investments
The calculation of net unrealized gains and losses for the period that relate to equity securities still held at June 29, 2018 is as follows (in millions):

Three Months Ended
Six Months Ended
 
June 29, 2018
June 29, 2018
Net gains (losses) recognized during the period related to equity securities
$
38

$
(41
)
Less: Net gains (losses) recognized during the period related
to equity securities sold during the period
(1
)
4

Unrealized gains (losses) recognized during the period related to equity securities still held
   at the end of the period
$
39

$
(45
)
 
Carrying value of equity securities by balance sheet location [Table Text Block]
As of June 29, 2018, the carrying values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions):
 
Fair Value with Changes Recognized in Income

Measurement Alternative  No Readily Determinable Fair Value

Marketable securities
$
341

$

Other investments
924

91

Other assets
1,034


Total equity securities
$
2,299

$
91

 
Equity securities by security type [Table Text Block]  
As of December 31, 2017, equity securities consisted of the following (in millions):
 
 
Gross Unrealized
 
Estimated

 
Cost

Gains

Losses

 
Fair Value

Trading securities
$
324

$
75

$
(4
)
 
$
395

Available-for-sale securities
1,276

685

(66
)
 
1,895

Total equity securities
$
1,600

$
760

$
(70
)
 
$
2,290

Fair value of equity securities by balance sheet location [Table Text Block]  
As of December 31, 2017, the fair values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions):
 
Trading Securities

Available-for-Sale Securities

Marketable securities
$
283

$
52

Other investments

953

Other assets
112

890

Total equity securities
$
395

$
1,895

Schedule of Realized Gain (Loss) [Table Text Block]  
The sale and/or maturity of available-for-sale equity securities resulted in the following realized activity (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 30, 2017
 
June 30, 2017
Gross gains
$
13

 
$
35

Gross losses
(5
)
 
(8
)
Proceeds
58

 
140

Schedule of debt securities [Table Text Block]
Our debt securities consisted of the following (in millions):
 
 
Gross Unrealized
 
Estimated

 
Cost

Gains

Losses

 
Fair Value

June 29, 2018
 
 
 
 
 
Trading securities
$
38

$

$

 
$
38

Available-for-sale securities
6,258

78

(63
)
 
6,273

Total debt securities
$
6,296

$
78

$
(63
)
 
$
6,311

December 31, 2017
 
 
 
 
 
Trading securities
$
12

$

$

 
$
12

Available-for-sale securities
5,782

157

(27
)
 
5,912

Total debt securities
$
5,794

$
157

$
(27
)
 
$
5,924

 
Fair value of debt securities by balance sheet location [Table Text Block]
The fair values of our debt securities were included in the following line items in our condensed consolidated balance sheets (in millions):
 
June 29, 2018
 
December 31, 2017
 
Trading Securities

Available-for-Sale Securities

 
Trading Securities

Available-for-Sale Securities

Cash and cash equivalents
$

$
829

 
$

$
667

Marketable securities
38

5,157

 
12

4,970

Other assets

287

 

275

Total debt securities
$
38

$
6,273

 
$
12

$
5,912

 
Realized Gain (Loss) on Investments [Table Text Block]
The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 29, 2018

June 30, 2017

 
June 29, 2018

June 30, 2017

Gross gains
$
8

$
1

 
$
8

$
5

Gross losses
(8
)
(2
)
 
(13
)
(6
)
Proceeds
3,236

3,398

 
6,323

6,410

 
Contractual maturity amounts of the investment securities
The contractual maturities of these available-for-sale debt securities as of June 29, 2018 were as follows (in millions):
 
Cost

Estimated
Fair Value

Within 1 year
$
1,348

$
1,345

After 1 year through 5 years
4,474

4,478

After 5 years through 10 years
121

136

After 10 years
315

314

Total
$
6,258

$
6,273