The following table summarizes gross gains and gross losses realized on sales of
available-for-sale marketable securities (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| Realized gains |
|
$ |
20 |
|
|
$ |
15 |
|
|
$ |
5 |
|
| Realized losses |
|
|
10 |
|
|
|
11 |
|
|
|
4 |
|
The following table summarizes the maturities of our cash equivalent and marketable fixed-income
securities as of December 31, 2012 (in millions):
|
|
|
|
|
|
|
|
|
| |
|
Amortized Cost |
|
|
Estimated Fair Value |
|
| Due within one year |
|
$ |
6,689 |
|
|
$ |
6,691 |
|
| Due after one year through five years |
|
|
1,968 |
|
|
|
1,981 |
|
| Due after five years |
|
|
277 |
|
|
|
278 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,934 |
|
|
$ |
8,950 |
|
|
|
|
|
|
|
|
|
|
Actual maturities may differ from the contractual maturities because borrowers may have certain
prepayment conditions.
Note 3PROPERTY AND EQUIPMENT
Property and equipment, at cost, consisted of the following (in millions):
|
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2012 |
|
|
2011 |
|
| Gross Property and Equipment (1): |
|
|
|
|
|
|
|
|
| Land and buildings |
|
$ |
2,966 |
|
|
$ |
1,437 |
|
| Equipment and internal-use software (2) |
|
|
6,228 |
|
|
|
4,106 |
|
| Other corporate assets |
|
|
174 |
|
|
|
137 |
|
| Construction in progress |
|
|
214 |
|
|
|
106 |
|
|
|
|
|
|
|
|
|
|
| Gross property and equipment |
|
$ |
9,582 |
|
|
$ |
5,786 |
|
|
|
|
|
|
|
|
|
|
| Total accumulated depreciation (1) |
|
|
2,522 |
|
|
|
1,369 |
|
|
|
|
|
|
|
|
|
|
| Total property and equipment, net |
|
$ |
7,060 |
|
|
$ |
4,417 |
|
|
|
|
|
|
|
|
|
|
| (1) |
Excludes the original cost and accumulated depreciation of fully-depreciated assets. |
| (2) |
Includes internal-use software of $866 million and $623 million at December 31, 2012 and 2011. |
In December 2012, we acquired our corporate headquarters for $1.2 billion consisting of land and 11 buildings that were previously
accounted for as financing leases. The acquired building assets will be depreciated over their estimated useful lives of 40 years. We also acquired three city blocks of land for the expansion of our corporate headquarters for approximately $210
million.
Depreciation expense on property and equipment was $1.7 billion, $1.0 billion, and $552 million, which includes
amortization of property and equipment acquired under capital lease obligations of $510 million, $335 million, and $164 million for 2012, 2011, and 2010. Gross assets remaining under capital leases were $2.3 billion and $1.6 billion at
December 31, 2012 and 2011. Accumulated depreciation associated with capital leases was $1.1 billion and $603 million at December 31, 2012 and 2011. Cash paid for interest on capital leases was $51 million, $44 million, and $26 million for
2012, 2011, and 2010.
52