Blizzard 2011 Annual Report Download - page 60

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3. Investment and other income, net
Investment and other income, net is comprised of the following (amounts in millions):
For the Years Ended
December 31,
2011 2010 2009
Interest income.................................................................................................. $14 $8 $15
Interest expense ................................................................................................ (4) (5) (4)
Change in fair value of other financial liability ............................................... — 22 8
Net realized and unrealized loss on foreign exchange contracts with
Vivendi ........................................................................................................ (7) (2) (1)
Investment and other income, net ..................................................................... $3 $23 $18
4. Cash and Cash Equivalents
The following table summarizes the components of our cash and cash equivalents with original maturities of three
months or less at the date of purchase (amounts in millions):
At December 31,
2011 2010
Cash ........................................................................................................................................
.
$270 $245
Time deposits .........................................................................................................................
.
24 19
Money market funds ..............................................................................................................
.
2,869 2,216
U.S. treasuries and/or foreign government bonds .................................................................
.
2 332
Cash and cash equivalents .....................................................................................................
.
$3,165 $2,812
5. Investments
The following table summarizes our short-term and long-term investments at December 31, 2011 and 2010 (amounts
in millions):
At December 31, 2011
Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses
Fair
Value
Short-term investments:
Available-for-sale investments:
U.S. treasuries and government agency securities .......
.
$344 $— $— $344
Restricted cash ..............................................................
.
16
Total short-term investments ........................................
.
$360
Long-term investments:
Available-for-sale investments:
Auction rate securities held through Morgan Stanley
Smith Barney LLC...................................................
.
$17 $— $(1) $16
At December 31, 2010
Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses
Fair
Value
Short-term investments:
Available-for-sale investments:
U.S. treasuries and government agency securities ....... $672 $— $— $672
Restricted cash .............................................................. 24
Total short-term investments ........................................ $696
Long-term investments:
Available-for-sale investments:
Auction rate securities held through Morgan Stanley
Smith Barney LLC................................................... $27 $— $(4) $23
44