Costco 2012 Annual Report Download - page 61

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The proceeds from sales of available-for-sale securities during 2012, 2011, and 2010 are provided in
the following table:
2012 2011 2010
Proceeds .......................................... $482 $602 $309
Gross realized gains or losses from sales of available-for-sale securities were not material in 2012,
2011, and 2010.
The maturities of available-for-sale and held-to-maturity securities at the end of 2012 were as follows:
Available-For-Sale Held-To-Maturity
Cost Basis Fair Value Cost Basis Fair Value
Due in one year or less ............................. $590 $590 $447 $447
Due after one year through five years ................. 282 288 0 0
Due after five years ................................ 1 1 0 0
$873 $879 $447 $447
Note 3—Fair Value Measurement
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The tables below present information at the end 2012 and 2011, respectively, regarding the
Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis,
and indicate the level within the fair value hierarchy of the valuation techniques utilized to determine
such fair value. As of these dates, the Company’s holdings of Level 3 financial assets and liabilities
were immaterial.
2012: Level 1 Level 2
Money market mutual funds(1) ......................................... $ 77 $ 0
Investment in U.S. government and agency securities(2) ................... 0 794
Investment in corporate notes and bonds ............................... 0 54
Investment in FDIC-insured corporate bonds ............................ 0 35
Investment in asset and mortgage-backed securities ...................... 0 8
Forward foreign-exchange contracts, in asset position(3) ................... 0 1
Forward foreign-exchange contracts, in (liability) position(3) ................. 0 (3)
Total .......................................................... $ 77 $ 889
2011: Level 1 Level 2
Money market mutual funds(1) ......................................... $200 $ 0
Investment in U.S. government and agency securities(2) ................... 0 1,177
Investment in corporate notes and bonds ............................... 0 7
Investment in FDIC-insured corporate bonds ............................ 0 209
Investment in asset and mortgage-backed securities ...................... 0 12
Forward foreign-exchange contracts, in asset position(3) ................... 0 1
Forward foreign-exchange contracts, in (liability) position(3) ................. 0 (2)
Total .......................................................... $200 $1,404
(1) Included in cash and cash equivalents in the accompanying consolidated balance sheets.
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