Amgen 2011 Annual Report Download - page 150
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AMGEN INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Type of security as of December 31, 2010
Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated
fair value
U.S. Treasury securities ................................... $ 5,044 $ 50 $(14) $ 5,080
Other government-related debt securities:
Obligations of U.S. government agencies and FDIC-guaranteed
bank debt .......................................... 2,158 51 (1) 2,208
Foreign and other ...................................... 837 16 (1) 852
Corporate debt securities:
Financial ............................................. 2,252 53 (9) 2,296
Industrial ............................................ 2,441 71 (5) 2,507
Other ................................................ 307 10 (1) 316
Mortgage- and asset-backed securities ....................... 841 5 (5) 841
Money market mutual funds ............................... 3,030 — — 3,030
Other short-term interest-bearing securities .................... 147 — — 147
Total debt security investments ......................... 17,057 256 (36) 17,277
Equity securities ......................................... 50 — (2) 48
Total available-for-sale investments ..................... $17,107 $256 $(38) $17,325
The fair values of available-for-sale investments by classification in the Consolidated Balance Sheets were
as follows as of December 31, 2011 and 2010 (in millions):
Classification in the Consolidated Balance Sheets 2011 2010
Cash and cash equivalents ..................................................... $ 6,266 $ 3,142
Marketable securities ........................................................ 13,695 14,135
Other assets — noncurrent .................................................... 42 48
Total available-for-sale investments ........................................... $20,003 $17,325
Cash and cash equivalents in the table above excludes cash of $680 million and $145 million as of
December 31, 2011 and 2010, respectively.
The fair values of available-for-sale debt security investments by contractual maturity were as follows as of
December 31, 2011 and 2010 (in millions):
Contractual maturity 2011 2010
Maturing in one year or less ................................................... $ 6,811 $ 4,118
Maturing after one year through three years ....................................... 6,346 6,736
Maturing after three years through five years ...................................... 5,710 5,812
Maturing after five years ...................................................... 1,094 611
Total debt securities ....................................................... $19,961 $17,277
For the years ended December 31, 2011, 2010 and 2009, realized gains totaled $191 million, $115 million
and $104 million, respectively, and realized losses totaled $37 million, $25 million and $62 million, respectively.
The cost of securities sold is based on the specific identification method.
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