Medtronic 2016 Annual Report Download - page 89
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
86
The following table summarizes the Company's investments by significant investment categories and the related consolidated
balance sheet classification at April 29, 2016:
Valuation Balance Sheet Classification
(in millions) Cost Unrealized
Gains Unrealized
Losses Fair Value Investments Other Assets
Available-for-sale securities
Level 1:
U.S. government and agency securities $ 792 $ 14 $ (1) $ 805 $ 805 $ —
Marketable equity securities 75 21 (11) 85 85
Total Level 1 867 35 (12) 890 805 85
Level 2:
Corporate debt securities 3,935 85 (24) 3,996 3,996 —
U.S. government and agency securities 902 2 — 904 904 —
Mortgage-backed securities 1,016 17 (18) 1,015 1,015 —
Other asset-backed securities 192 3 — 195 195 —
Debt funds 3,040 5 (281) 2,764 2,764 —
Total Level 2 9,085 112 (323) 8,874 8,874 —
Level 3:
Corporate debt securities 1 — — 1 — 1
Auction rate securities 47 — (3) 44 — 44
Total Level 3 48 — (3) 45 — 45
Total available-for-sale securities 10,000 147 (338) 9,809 9,679 130
Trading securities:
Level 1:
Exchange-traded funds 65 15 (1) 79 79 —
Total Level 1: 65 15 (1) 79 79 —
Total trading securities 65 15 (1) 79 79 —
Cost method, equity method, and other
investments:
Level 3:
Cost method, equity method, and other
investments 506 — — N/A — 506
Total Level 3: 506 — — N/A — 506
Total cost method, equity method, and other
investments 506 — — N/A — 506
Total investments $ 10,571 $ 162 $ (339) $ 9,888 $ 9,758 $ 636