Intel 2000 Annual Report Download - page 31

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Available-for-sale investments at December 25, 1999 were as follows:
Available-for-sale securities with a fair value at the date of sale of $4.2 billion, $1.0 billion and $227 million were sold in 2000, 1999 and
1998, respectively. The gross realized gains on these sales
totaled $3.4 billion, $883 million and $185 million, respectively, and the company realized $52 million in gross losses on sales in 2000. In
2000, the company recognized gains of $682 million on shares valued at $866 million exchanged in third-party merger transactions. In 2000,
the company also recognized $297 million of impairment losses on available
-
for
-
sale and non
-
marketable investments.
Securities of foreign governments
294
—
—
294
Repurchase agreements
70
—
—
70
U.S. government securities
31
—
—
31
Other debt securities
21
—
—
21
Total debt securities
14,878
41
(28
)
14,891
Marketable strategic equity securities
1,623
756
(464
)
1,915
Preferred stock and other equity
109
—
—
109
Total equity securities
1,732
756
(464
)
2,024
Swaps hedging investments in debt securities
—
24
(12
)
12
Currency forward contracts hedging investments in debt
securities
—
4
(21
)
(17
)
Total available
-
for
-
sale investments
16,610
825
(525
)
16,910
Less amounts classified as cash equivalents
(2,701
)
—
—
(
2,701
)
$
13,909
$
825
$
(525
)
$
14,209
(In millions)
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated
fair
value
Commercial paper
$
2,971
$
—
$
(
2
)
$
2,969
U.S. government securities
2,746
—
(
5
)
2,741
Floating rate notes
2,152
—
(
4
)
2,148
Bank time deposits
2,022
—
(
3
)
2,019
Corporate bonds
865
49
(9
)
905
Loan participations
625
—
—
625
Fixed rate notes
275
—
(
1
)
274
Securities of foreign governments
59
—
—
59
Other debt securities
33
—
(
1
)
32
Total debt securities
11,748
49
(25
)
11,772
Marketable strategic equity securities
1,277
5,882
(38
)
7,121
Preferred stock and other equity
121
—
—
121
Total equity securities
1,398
5,882
(38
)
7,242
Swaps hedging investments in debt securities
—
12
(50
)
(38
)
Currency forward contracts hedging investments in debt
securities
—
2
—
2
Total available
-
for
-
sale investments
13,146
5,945
(113
)
18,978
Less amounts classified as cash equivalents
(3,362
)
—
—
(
3,362
)
$
9,784
$
5,945
$
(113
)
$
15,616