Duke Energy 2012 Annual Report Download - page 214

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PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS
ENERGY CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Duke Energy
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy. For investments held within the NDTF, and
investments within Grantor Trusts which are classifi ed as Other Investments below, unrealized holding gains and losses are recognized immediately and recorded as
Regulatory assets or Regulatory liabilities on the Consolidated Balance Sheets.
December 31, 2012 December 31, 2011
(in millions)
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Estimated
Fair
Value
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Estimated
Fair
Value
NDTF
Cash and cash equivalents $ — $— $ 105 $ — $— $ 63
Equity securities 1,132 19 2,837 443 16 1,337
Corporate debt securities 21 1 338 8 2 205
Municipal bonds 12 1 194 2 — 51
U.S. government bonds 24 1 625 16 — 306
Other debt securities 10 1 164 4 4 98
Total NDTF $1,199 $ 23 $4,263 $473 $ 22 $2,060
Other Investments
Cash and cash equivalents — — 17 ———
Equity securities $ 10 $— $ 63 $ 5 $ 2 $ 60
Corporate debt securities 2 — 381 1 1 241
Municipal bonds 4 1 70 1 — 28
U.S. government bonds — — 23 1 — 21
Other debt securities 1 — 86 2 — 68
Auction rate securities — 6 29 — 17 71
Total Other Investments(a) $ 17 $ 7 $ 669 $ 10 $ 20 $ 489
Total Investments $1,216 $ 30 $ 4,932 $ 483 $ 42 $2,549
(a) These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets.
The table below summarizes the maturity date for debt securities
held by Duke Energy. The table below excludes auction rate securities based
on the stated maturity date. See Note 16 for information about fair value
measurements related to investments in auction rate debt securities.
(in millions) December 31, 2012
Due in one year or less $ 312
Due after one through fi ve years 403
Due after fi ve through 10 years 392
Due after 10 years 774
Total $1,881
The fair values and gross unrealized losses of available-for-sale debt
and equity securities which are in an unrealized loss position for which other-
than-temporary impairment losses have not been recorded, summarized by
investment type and length of time that the securities have been in a continuous
loss position, are presented in the table below for Duke Energy.