Coca Cola 2005 Annual Report Download - page 91

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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 10: FINANCIAL INSTRUMENTS (Continued)
As of December 31, 2005 and 2004, these investments were included in the following captions (in millions):
Available- Held-to-
for-Sale Maturity
Securities Securities
2005
Cash and cash equivalents $ — $ 346
Current marketable securities 64 2
Cost method investments, principally bottling companies 239 —
Other assets 13 —
$ 316 $ 348
Available- Held-to-
for-Sale Maturity
Securities Securities
2004
Cash and cash equivalents $ — $ 68
Current marketable securities 61 —
Cost method investments, principally bottling companies 229 —
Other assets 2—
$ 292 $ 68
The contractual maturities of these investments as of December 31, 2005, were as follows (in millions):
Available-for-Sale Held-to-Maturity
Securities Securities
Fair Amortized Fair
Cost Value Cost Value
2006 $ — $ — $ 348 $ 348
2007-2010 — — — —
2011-2015 — — — —
After 2015 13 13 — —
Equity securities 138 303 — —
$ 151 $ 316 $ 348 $ 348
For the years ended December 31, 2005, 2004 and 2003, gross realized gains and losses on sales of
available-for-sale securities were not material. The cost of securities sold is based on the specific identification
method.
Fair Value of Other Financial Instruments
The carrying amounts of cash and cash equivalents, non-marketable cost method investments, receivables,
accounts payable and accrued expenses, and loans and notes payable approximate their fair values because of
the relatively short-term maturity of these instruments.
We carry our non-marketable cost method investments at cost or, if a decline in the value of the investment
is deemed to be other than temporary, at fair value. Estimates of fair value are generally based upon discounted
cash flow analyses.
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