Motorola 2013 Annual Report Download - page 67

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65
Balance Sheet Information
Sigma Fund
During the fourth quarter of 2013, the Company exited the Sigma Fund. The balance of Sigma Fund as December 31,
2012 consisted of the following:
Cash $ 149
Government, agency, and government-sponsored enterprise obligations 1,984
$ 2,133
Investments
Investments consist of the following:
Recorded Value Less
December 31, 2013 Short-term
Investments Investments Unrealized
Gains Cost
Basis
Available-for-sale securities:
Government, agency, and government-sponsored
enterprise obligations $ — $ 15 $ — $ 15
Corporate bonds 2 7 — 9
Mutual funds — 11 — 11
Common stock and equivalents — 2 — 2
2 35 — 37
Other investments, at cost — 201 — 201
Equity method investments — 15 — 15
$ 2 $ 251 $ — $ 253
Recorded Value Less
December 31, 2012 Short-term
Investments Investments Unrealized
Gains Cost
Basis
Available-for-sale securities:
Government, agency, and government-sponsored
enterprise obligations $ — $ 15 $ — $ 15
Corporate bonds 2 11 — 13
Mortgage-backed securities — 2 — 2
Common stock and equivalents — 10 3 7
2 38 3 37
Other investments, at cost — 189 — 189
Equity method investments — 13 — 13
$ 2 $ 240 $ 3 $ 239
The Company reclassified $96 million of cash surrender values of its split-dollar value life insurance plans as of
December 31, 2012, from Other assets to Investments, to conform to the balance sheet presentation as of December 31, 2013.
During the years ended December 31, 2013, 2012 and 2011, the Company recorded investment impairment charges of $6
million, $8 million and $4 million, respectively, representing other-than-temporary declines in the value of the Company’s
equity investment portfolio. Investment impairment charges are included in Other within Other income (expense) in the
Company’s consolidated statements of operations.