Duke Energy 2012 Annual Report Download - page 217

197
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)
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 $— $— $ 65 $— $— $ 56
Equity securities 532 14 1,245 412 29 1,062
Corporate debt securities 9—89 6—86
Municipal bonds 11 1 154 7 2 127
U.S. government bonds 14 — 321 18 — 268
Other debt securities 1—28 1—31
Total NDTF $567 $ 15 $1,902 $444 $ 31 $1,630
Other Investments
Cash and cash equivalents $— $— $ 17 $— $— $ 20
Municipal bonds 3—40———
Total Other Investments(a) $3 $— $ 57 $— $— $ 20
Total Investments $570 $ 15 $1,959 $444 $ 31 $1,650
(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 Progress Energy.
(in millions) December 31, 2012
Due in one year or less $ 26
Due after one through fi ve years 134
Due after fi ve through 10 years 154
Due after 10 years 318
Total $632
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 Progress Energy.
December 31, 2012 December 31, 2011
(in millions) Fair Value
Unrealized
Loss
Position
>12 months
Unrealized
Loss
Position
<12 months Fair Value
Unrealized
Loss
Position
>12 months
Unrealized
Loss
Position
<12 months
NDTF
Equity securities $83 $4 $10 $ 112 $ 10 $ 19
Corporate debt securities 6——20——
Municipal bonds 26——21 2 —
U.S. government bonds 74 — 1 (23) — —
Other debt securities 2——6——
Total NDTF $191 $ 4 $ 11 $ 136 $ 12 $ 19
Other
Municipal bonds $7 $— $— $— $— $—
Other debt securities ——————
Total Other $7 $— $— $— $— $—
Total Investments $198 $ 4 $ 11 $ 136 $ 12 $ 19