Intel 1998 Annual Report Download - page 44

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Available-for-sale securities with a fair value at the date of sale of $227 million, $153 million and $225 million were sold in 1998, 1997 and
1996, respectively. The gross realized gains on these sales totaled $185 million, $106 million and $7 million, respectively.
The amortized cost and estimated fair value of investments in debt securities at December 26, 1998, by contractual maturity, were as follows:
GROSS GROSS ESTIMATED
UNREALIZED UNREALIZED FAIR
(IN MILLIONS) COST GAINS LOSSES VALUE
-----------------------------------------------------------------------------------------------------------------
Commercial paper $3,572 $ 1 $(9) $3,564
Bank time deposits 2,369 -- (2) 2,367
Corporate bonds 1,788 12 (73) 1,727
Floating rate notes 843 1 (2) 842
Loan participations 743 -- -- 743
Repurchase agreements 515 -- -- 515
Securities of foreign
governments 75 -- (6) 69
Fixed rate notes 32 -- -- 32
Other debt securities 294 -- (1) 293
-------- -------- -------- --------
Total debt securities 10,231 14 (93) 10,152
-------- -------- -------- --------
Hedged equity 504 9 (17) 496
Marketable strategic equity securities 279 130 (34) 375
Preferred stock and other
equity 341 1 (7) 335
-------- -------- -------- --------
Total equity securities 1,124 140 (58) 1,206
-------- -------- -------- --------
Swaps hedging investments
in debt securities -- 76 (12) 64
Swaps hedging investments
in equity securities -- 17 (9) 8
Currency forward contracts
hedging investments in
debt securities -- 16 (1) 15
-------- -------- -------- --------
TOTAL AVAILABLE-FOR-SALE
SECURITIES 11,355 263 (173) 11,445
Less amounts classified
as cash equivalents (3,976) -- -- (3,976)
-------- -------- -------- --------
TOTAL INVESTMENTS $7,379 $263 $ (173) $7,469
======== ======== ======== ========
ESTIMATED
FAIR
(IN MILLIONS) COST VALUE
-----------------------------------------------------------------------------------------------------------
Due in 1 year or less $6,412 $6,436
Due in 1-2 years 3,097 3,099
Due in 2-5 years 65 65
Due after 5 years 450 450
-------- --------
TOTAL INVESTMENTS IN DEBT SECURITIES $10,024 $10,050
======== ========