Medtronic 2012 Annual Report Download - page 99

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6. Investments
The Company invests in short-term and long-term investments, which consist primarily of marketable
debt and equity securities. The carrying amounts of cash and cash equivalents approximate fair value due
to their short maturities.
Information regarding the Company’s short-term and long-term investments at April 27, 2012 is
as follows:
Unrealized Unrealized
(in millions) Cost Gains Losses Fair Value
____________ _____________ _____________ _____________ _____________
Available-for-sale securities:
Corporate debt securities . . . . . . . . . . . . . . . . $ 3,501 $ 47 $ (7) $ 3,541
Auction rate securities . . . . . . . . . . . . . . . . . . . 153 – (26) 127
Mortgage-backed securities . . . . . . . . . . . . . . 840 9 (10) 839
U.S. government and agency securities . . . . . 3,046 38 – 3,084
Foreign government and agency securities . . 67 ––67
Certificates of deposit . . . . . . . . . . . . . . . . . . . 47 ––47
Other asset-backed securities . . . . . . . . . . . . . 535 3 (1) 537
Marketable equity securities . . . . . . . . . . . . . . 100 158 (5) 253
Trading securities:
Exchange-traded funds . . . . . . . . . . . . . . . . . . 45 2 (1) 46
Cost method, equity method, and
other investments . . . . . . . . . . . . . . . . . . . . . . . . 508 ––508
_____________ _____________ _____________ _____________
Total short-term and long-term investments . . . $ 8,842 $ 257 $ (50) $ 9,049
_____________ _____________ _____________ _____________
_____________ _____________ _____________ _____________
Information regarding the Company’s short-term and long-term investments at April 29, 2011 is
as follows:
Unrealized Unrealized
(in millions) Cost Gains Losses Fair Value
____________ _____________ _____________ _____________ _____________
Available-for-sale securities:
Corporate debt securities . . . . . . . . . . . . . . . . $ 1,947 $ 20 $ (6) $ 1,961
Auction rate securities . . . . . . . . . . . . . . . . . . . 167 – (34) 133
Mortgage-backed securities . . . . . . . . . . . . . . 783 10 (8) 785
U.S. government and agency securities . . . . . 2,731 26 (1) 2,756
Foreign government and agency securities . . 130 1–131
Certificates of deposit . . . . . . . . . . . . . . . . . . . 119 ––119
Other asset-backed securities . . . . . . . . . . . . . 351 1 (3) 349
Marketable equity securities . . . . . . . . . . . . . . 73 164 – 237
Trading securities:
Exchange-traded funds . . . . . . . . . . . . . . . . . . 33 6–39
Cost method, equity method, and
other investments . . . . . . . . . . . . . . . . . . . . . . . . 652 ––652
_____________ _____________ _____________ _____________
Total short-term and long-term investments . . . $ 6,986 $ 228 $ (52) $ 7,162
_____________ _____________ _____________ _____________
_____________ _____________ _____________ _____________
Information regarding the Company’s available-for-sale and trading securities at April 27, 2012 and
April 29, 2011 is as follows:
April 27, 2012 April 29, 2011
____________________________ ____________________________
(in millions) Short-term Long-term Short-term Long-term
___________ _____________ _____________ _____________ _____________
Available-for-sale securities . . . . . . . . . . . . . . . . $ 1,344 $ 7,151 $ 1,046 $ 5,425
Trading securities . . . . . . . . . . . . . . . . . . . . . . . . . – 46 – 39
_____________ _____________ _____________ _____________
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,344 $ 7,197 $ 1,046 $ 5,464
_____________ _____________ _____________ _____________
_____________ _____________ _____________ _____________
82
Medtronic, Inc.
Notes to Consolidated Financial Statements (Continued)