Intel 1995 Annual Report Download - page 23

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Note: Certain 1994 amounts have been restated to conform to the 1995 presentation.
During the year ended December 30, 1995, debt and marketable securities with a fair value at the date of sale of $114 million were sold. The
gross realized gains on such sales totaled $60 million. There were no material proceeds or gross realized gains or losses from sales of securities
during 1994. The amortized cost and estimated fair value of investments in debt securities at December 30, 1995, by contractual maturity, were
as follows:
other equity 309 91 (11) 389
------- ------- ------- -------
Total equity securities 740 136 (11) 865
------- ------- ------- -------
Swaps hedging investments in
debt securities -- 2 (9) (7)
Swaps hedging investments in
equity securities -- 5 (47) (42)
Currency forward
contracts hedging investments
in debt securities -- 3 -- 3
------- ------- ------- -------
Total available-for-sale
securities 3,890 153 (71) 3,972
Less amounts classified
as cash equivalents (1,324) -- -- (1,324)
------- ------- ------- -------
Total investments $ 2,566 $ 153 $ (71) $ 2,648
======= ======= ======= =======
Investments at December 31, 1994 were as follows:
Gross Gross Estimated
unrealized unrealized fair
(In millions) Cost gains losses value
- ---------------------------------------------------------------------------
Commercial paper $ 544 $ -- $ -- $ 544
Repurchase agreements 194 -- -- 194
Securities of
foreign governments 518 2 (7) 513
Corporate bonds 440 12 (14) 438
Bank time deposits 406 -- -- 406
Loan participations 266 6 (2) 270
Fixed rate notes 167 1 (2) 166
Collateralized mortgage
obligations 170 -- (4) 166
Floating rate notes 488 1 (1) 488
Other debt securities 293 -- (5) 288
------- ------- ------- -------
Total debt securities 3,486 22 (35) 3,473
------- ------- ------- -------
Hedged equity 431 -- (58) 373
Preferred stock and
other equity 368 20 (16) 372
------- ------- ------- -------
Total equity securities 799 20 (74) 745
------- ------- ------- -------
Swaps hedging investments
in debt securities -- 22 (14) 8
Swaps hedging investments
in equity securities -- 60 -- 60
Currency forward contracts
hedging investments in
debt securities -- 1 -- 1
------- ------- ------- -------
Total available-for-sale
securities 4,285 125 (123) 4,287
Less amounts classified
as cash equivalents (930) -- -- (930)
------- ------- ------- -------
Total investments $ 3,355 $ 125 $ (123) $ 3,357
======= ======= ======= =======
Estimated
fair
(In millions) Cost value
- ------------------------------------------------------------------------------
Due in 1 year or less $ 2,172 $ 2,172
Due in 1-2 years 486 489
Due in 2-5 years 214 214
Due after 5 years 278 278
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