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F-25
The fair values of available-for-sale investments by classification in the Consolidated Balance Sheets were as follows (in
millions):
December 31,
Classification in the Consolidated Balance Sheets 2015 2014
Cash and cash equivalents $ 3,738 $ 3,293
Marketable securities 27,238 23,295
Other assets — noncurrent 136 144
Total available-for-sale investments $ 31,112 $ 26,732
Cash and cash equivalents in the table above excludes cash of $406 million and $438 million as of December 31, 2015 and
2014, respectively.
The fair values of available-for-sale interest-bearing security investments by contractual maturity, except for mortgage- and
asset-backed securities that do not have a single maturity date, were as follows (in millions):
December 31,
Contractual maturity 2015 2014
Maturing in one year or less $ 4,578 $ 4,936
Maturing after one year through three years 9,370 6,829
Maturing after three years through five years 9,932 7,840
Maturing after five years through ten years 3,087 3,267
Maturing after ten years 70 218
Mortgage- and asset-backed securities 3,939 3,498
Total interest-bearing securities $ 30,976 $ 26,588
For the years ended December 31, 2015, 2014 and 2013, realized gains totaled $132 million, $149 million and $158 million,
respectively, and realized losses totaled $208 million, $150 million and $83 million, respectively. The cost of securities sold is
based on the specific identification method.
The unrealized losses on available-for-sale investments and their related fair values were as follows (in millions):
Less than 12 months 12 months or greater
Type of security as of December 31, 2015 Fair value Unrealized losses Fair value Unrealized losses
U.S. Treasury securities $ 4,196 $ (24)$ — $ —
Other government-related debt securities:
U.S. 494 (2)20 —
Foreign and other 1,306 (32)56 (4)
Corporate debt securities:
Financial 5,988 (38) 228 (2)
Industrial 5,427 (108) 679 (28)
Other 807 (19)39 (2)
Residential mortgage-backed securities 804 (8) 304 (7)
Other mortgage- and asset-backed securities 1,834 (19) 561 (36)
Total $ 20,856 $ (250) $ 1,887 $ (79)