Cisco 2011 Annual Report Download - page 110

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8. Investments
(a) Summary of Available-for-Sale Investments
The following tables summarize the Company’s available-for-sale investments (in millions):
July 30, 2011
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Fixed income securities:
U.S. government securities ....................... $19,087 $ 52 $ — $19,139
U.S. government agency securities (1) ............... 8,742 35 (1) 8,776
Non-U.S. government and agency securities (2) ....... 3,119 14 (1) 3,132
Corporate debt securities ........................ 4,333 65 (4) 4,394
Asset-backed securities .......................... 120 5 (4) 121
Total fixed income securities ................. 35,401 171 (10) 35,562
Publicly traded equity securities ...................... 734 639 (12) 1,361
Total ................................. $36,135 $810 $ (22) $36,923
July 31, 2010
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Fixed income securities:
U.S. government securities ........................ $16,570 $ 42 $ — $16,612
U.S. government agency securities (1) ................ 13,511 68 — 13,579
Non-U.S. government and agency securities (2) ........ 1,452 15 — 1,467
Corporate debt securities .......................... 2,179 64 (21) 2,222
Asset-backed securities ........................... 145 9 (5) 149
Total fixed income securities .................. 33,857 198 (26) 34,029
Publicly traded equity securities ........................ 889 411 (49) 1,251
Total .................................. $34,746 $609 $ (75) $35,280
(1) Includes corporate securities that are guaranteed by the Federal Deposit Insurance Corporation (FDIC).
(2) Includes agency and corporate securities that are guaranteed by non-U.S. governments.
(b) Gains and Losses on Available-for-Sale Investments
The following tables present the gross and net realized gains (losses) related to the Company’s available-for-sale
investments (in millions):
Years Ended July 30, 2011 July 31, 2010 July 25, 2009
Gross realized gains ....................... $ 348 $ 279 $ 435
Gross realized losses ....................... (169) (110) (459)
Total ............................... $ 179 $ 169 $ (24)
Years Ended July 30, 2011 July 31, 2010 July 25, 2009
Realized gains (losses) net:
Publicly traded equity securities .......... $88 $66 $86
Fixed income securities ................ 91 103 (110)
Total ........................... $ 179 $ 169 $ (24)
102