by major security type, our cash, cash equivalents, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in
millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2012 |
|
| |
|
Cost or
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Total
Estimated
Fair
Value |
|
| Cash |
|
$ |
2,595 |
|
|
|
— |
|
|
|
— |
|
|
$ |
2,595 |
|
| Level 1 securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
|
5,561 |
|
|
|
— |
|
|
|
— |
|
|
|
5,561 |
|
| Equity securities |
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Level 2 securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign government and agency securities |
|
|
763 |
|
|
|
9 |
|
|
|
— |
|
|
|
772 |
|
| U.S. government and agency securities |
|
|
1,809 |
|
|
|
3 |
|
|
|
(2 |
) |
|
|
1,810 |
|
| Corporate debt securities |
|
|
719 |
|
|
|
6 |
|
|
|
— |
|
|
|
725 |
|
| Asset-backed securities |
|
|
49 |
|
|
|
— |
|
|
|
— |
|
|
|
49 |
|
| Other fixed income securities |
|
|
33 |
|
|
|
— |
|
|
|
— |
|
|
|
33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,531 |
|
|
$ |
18 |
|
|
$ |
(2 |
) |
|
$ |
11,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Restricted cash, cash equivalents, and marketable securities (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(99 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash, cash equivalents, and marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2011 |
|
| |
|
Cost or
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Total
Estimated
Fair
Value |
|
| Cash |
|
$ |
1,207 |
|
|
|
— |
|
|
|
— |
|
|
$ |
1,207 |
|
| Level 1 securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
|
3,651 |
|
|
|
— |
|
|
|
— |
|
|
|
3,651 |
|
| Equity securities |
|
|
2 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
1 |
|
| Level 2 securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign government and agency securities |
|
|
1,627 |
|
|
|
14 |
|
|
|
(1 |
) |
|
|
1,640 |
|
| U.S. government and agency securities |
|
|
2,592 |
|
|
|
3 |
|
|
|
(2 |
) |
|
|
2,593 |
|
| Corporate debt securities |
|
|
562 |
|
|
|
3 |
|
|
|
(2 |
) |
|
|
563 |
|
| Asset-backed securities |
|
|
56 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
55 |
|
| Other fixed income securities |
|
|
22 |
|
|
|
— |
|
|
|
— |
|
|
|
22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,719 |
|
|
$ |
20 |
|
|
$ |
(7 |
) |
|
$ |
9,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Restricted cash, cash equivalents, and marketable securities (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(156 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash, cash equivalents, and marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable securities as collateral for standby and trade letters of
credit, guarantees, debt, and real estate lease agreements. We classify cash and marketable securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current
“Other assets” on our consolidated balance sheets. See “Note 8—Commitments and Contingencies.” |
51
|
