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Reclassification
Certain prior period amounts have been reclassified to conform to current year presentation.
2. Cash, Cash Equivalents and Current Marketable Securities
At the end of 2015 and 2014, cash, cash equivalents and current marketable securities were comprised of:
2015
(Dollars in Millions)
Carrying
Amount
Unrecognized
Gain
Unrecognized
Loss
Estimated
Fair Value
Cash
Equivalents
Current
Marketable
Securities
Cash $1,832 – – 1,832 1,832 –
U.S. Gov’t Securities(1) 14,641 1 (2) 14,640 650 13,991
Other Sovereign Securities(1) 2,122 – – 2,122 933 1,189
U.S. Reverse repurchase
agreements(1) 1,579 – – 1,579 1,579 –
Other Reverse repurchase
agreements(1) 2,200 – – 2,200 2,200 –
Corporate debt securities(1) 2,941 – – 2,941 1,793 1,148
Money market funds 3,855 – – 3,855 3,855 –
Time deposits(1) 890 – – 890 890 –
Carrying
Amount
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Gov’t Securities 7,307 1 (34) 7,274 – 7,274
Corporate debt securities 1,046 1 (5) 1,042 – 1,042
Available for Sale(2) $8,353 2 (39) 8,316 – 8,316
Total cash, cash equivalents
and current marketable
securities $13,732 24,644
2014
(Dollars in Millions)
Carrying
Amount
Unrecognized
Gain
Unrecognized
Loss
Estimated
Fair Value
Cash
Equivalents
Current
Marketable
Securities
Cash $2,336 – – 2,336 2,336 –
U.S. Gov’t Securities(1) 16,345 1 (1) 16,345 1,950 14,395
Other Sovereign Securities(1) 4,265 – – 4,265 978 3,287
U.S. Reverse repurchase
agreements(1) 4,387 – – 4,387 4,387 –
Other Reverse repurchase
agreements(1) 2,348 – – 2,348 2,348 –
Corporate debt securities(1) 1,343 – – 1,343 459 884
Money market funds 1,352 – – 1,352 1,352 –
Time deposits(1) $713 – – 713 713 –
Total cash, cash equivalents
and current marketable
securities $14,523 18,566
(1) Held to maturity investments are reported at amortized cost and realized gains or losses are reported in earnings.
(2) Available for sale securities are reported at fair value with unrealized gains and losses reported net of taxes in other comprehensive
income.
Fair value of government securities and obligations and corporate debt securities were estimated using quoted broker
prices and significant other observable inputs.
42 •Johnson & Johnson 2015 Annual Report