Coca Cola 2007 Annual Report Download - page 93
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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 11: FINANCIAL INSTRUMENTS (Continued)
As of December 31, 2007 and 2006, these investments were included in the following captions (in millions):
Trading
Securities
Available-
for-Sale
Securities
Held-to-
Maturity
Securities
2007
Cash and cash equivalents $— $— $66
Current marketable securities 101 113 1
Cost method investments, principally bottling companies — 369 —
Other assets —15—
$ 101 $ 497 $ 67
Trading
Securities
Available-
for-Sale
Securities
Held-to-
Maturity
Securities
2006
Cash and cash equivalents $ — $ — $ 82
Current marketable securities 66 83 1
Cost method investments, principally bottling companies — 372 —
Other assets — 16 —
$ 66 $ 471 $ 83
The contractual maturities of these investments as of December 31, 2007 were as follows (in millions):
Trading Securities Available-for-Sale
Securities Held-to-Maturity
Securities
Cost Fair
Value Cost Fair
Value Amortized
Cost Fair
Value
2008 $ 2 $ 1 $ — $ — $ 67 $ 67
2009-2012 2 2 — — — —
2013-2017 5322——
After 2017 3 3 15 13 — —
Equity securities 90 92 235 482 — —
$ 102 $ 101 $ 252 $ 497 $ 67 $ 67
For the years ended December 31, 2007, 2006 and 2005, gross realized gains and losses on sales of trading and
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, 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 estimate that the fair values of non-marketable cost method investments approximate their carrying amounts.
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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