Costco 2013 Annual Report Download - page 59

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57
reclassifications out of accumulated other comprehensive income if the item is reclassified in its entirety. For
other amounts that are not required to be reclassified in their entirety to net income cross-references to other
disclosures required under U.S. GAAP are required to provide additional detail about those amounts. The
new guidance is effective for fiscal years, and interim periods within those years, beginning after
December 15, 2012. The Company plans to adopt this guidance at the beginning of its first quarter of fiscal
year 2014. Adoption of this guidance is not expected to have a material impact on the Company’s consolidated
financial statements or disclosures.
Note 2—Investments
The Company’s investments at the end of 2013 and 2012, were as follows:
2013: Cost
Basis Unrealized
Gains, Net Recorded
Basis
Available-for-sale:
Government and agency securities(1) . . . . . . . . . . . . . . . . . . . . . . $1,263 $ 0 $1,263
Corporate notes and bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 0 9
Asset and mortgage-backed securities . . . . . . . . . . . . . . . . . . . . . 5 0 5
Total available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,277 0 1,277
Held-to-maturity:
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124 124
Bankers' acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 79
Total held-to-maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203 203
Total Short-Term Investments. . . . . . . . . . . . . . . . . . . . . . . . . $1,480 $ 0 $1,480
_______________
(1) Includes U.S. and Canadian government and agency securities.
2012: Cost
Basis Unrealized
Gains, Net Recorded
Basis
Available-for-sale:
U.S. government and agency securities . . . . . . . . . . . . . . . . . . . . $ 776 $ 6 $ 782
Corporate notes and bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 0 54
FDIC-insured corporate bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 0 35
Asset and mortgage-backed securities . . . . . . . . . . . . . . . . . . . . . 8 0 8
Total available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 873 6 879
Held-to-maturity:
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 447 447
Total Short-Term Investments. . . . . . . . . . . . . . . . . . . . . . . . . $1,320 $ 6 $1,326
Gross unrealized gains and losses on available-for-sale securities were not material in 2013. At the end of
2013, none of the Company's available-for-sale securities were in a continuous unrealized-loss position,
nor were there any gross unrealized gains and losses on cash equivalents. At the end of 2012 and 2011,
the Company’s available-for-sale securities that were in continuous unrealized-loss position and gross
unrealized gains and losses on cash equivalents were not material.
The proceeds from sales of available-for-sale securities were $244, $482, and $602 during 2013, 2012, and
2011, respectively. Gross realized gains or losses from sales of available-for-sale securities were not material
in 2013, 2012, and 2011.