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Note 2 – Financial Instruments
Cash, Cash Equivalents and Marketable Securities
The following tables show the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross
unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-
term marketable securities as of September 29, 2012 and September 24, 2011 (in millions):
2012
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
Cash ................................ $ 3,109 $ 0 $ 0 $ 3,109 $ 3,109 $ 0 $ 0
Level 1:
Money market funds .................. 1,460 0 0 1,460 1,460 0 0
Mutual funds ........................ 2,385 79 (2) 2,462 0 2,462 0
Subtotal .......................... 3,845 79 (2) 3,922 1,460 2,462 0
Level 2:
U.S. Treasury securities ............... 20,088 21 (1) 20,108 2,608 3,525 13,975
U.S. agency securities ................ 19,540 58 (1) 19,597 1,460 1,884 16,253
Non-U.S. government securities ........ 5,483 183 (2) 5,664 84 1,034 4,546
Certificates of deposit and time deposits . . 2,189 2 0 2,191 1,106 202 883
Commercial paper ................... 2,112 0 0 2,112 909 1,203 0
Corporate securities .................. 46,261 568 (8) 46,821 10 7,455 39,356
Municipal securities .................. 5,645 74 0 5,719 0 618 5,101
Mortgage- and asset-backed securities .... 11,948 66 (6) 12,008 0 0 12,008
Subtotal .......................... 113,266 972 (18) 114,220 6,177 15,921 92,122
Total ........................ $120,220 $1,051 $ (20) $121,251 $10,746 $18,383 $92,122
2011
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
Cash ................................ $ 2,903 $ 0 $ 0 $ 2,903 $ 2,903 $ 0 $ 0
Level 1:
Money market funds .................. 1,911 0 0 1,911 1,911 0 0
Mutual funds ........................ 1,227 0 (34) 1,193 0 1,193 0
Subtotal .......................... 3,138 0 (34) 3,104 1,911 1,193 0
Level 2:
U.S. Treasury securities ............... 10,717 39 (3) 10,753 1,250 2,149 7,354
U.S. agency securities ................ 13,467 24 (3) 13,488 225 1,818 11,445
Non-U.S. government securities ........ 5,559 11 (2) 5,568 551 1,548 3,469
Certificates of deposit and time deposits . . 4,175 2 (2) 4,175 728 977 2,470
Commercial paper ................... 2,853 0 0 2,853 2,237 616 0
Corporate securities .................. 35,241 132 (114) 35,259 10 7,241 28,008
Municipal securities .................. 3,411 56 0 3,467 0 595 2,872
Subtotal .......................... 75,423 264 (124) 75,563 5,001 14,944 55,618
Total ........................ $ 81,464 $ 264 $(158) $ 81,570 $ 9,815 $16,137 $55,618
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