AMD 2008 Annual Report Download - page 124
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NOTE 5: Financial Instruments
Available-for-sale securities held by the Company as of December 27, 2008 and December 29, 2007 were as
follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(In millions)
2008
Cash equivalents:
Commercial paper .................................. $ 16 $— $— $ 16
Money market funds ................................ 547 — — 547
Time deposits ...................................... 236 — — 236
Total cash equivalents ........................... $ 799 $— $— $ 799
Marketable securities:
Auction rate securities ............................... $ 89 $— $— $ 89
Spansion Class A common stock ....................... 3 — — 3
Total marketable securities ....................... $ 92 $— $— $ 92
Long-term investments:
Equity investments (included in other assets) ............. $ 2 $— $— $ 2
Grand Total ........................................... $ 893 $— $— $ 893
2007
Cash equivalents:
Commercial paper .................................. $ 723 $— $— $ 723
Money market funds ................................ 312 — — 312
Certificates of deposit ............................... 55 — — 55
Time deposits ...................................... 207 — — 207
Total cash equivalents ........................... $1,297 $ — $ — $1,297
Marketable securities:
Auction rate securities ............................... $ 269 $— $— $ 269
Spansion Class A common stock ....................... 56 — — 56
Commercial paper .................................. 82 — — 82
Certificates of deposit ............................... 50 — — 50
Total marketable securities ....................... $ 457 $— $— $ 457
Long-term investments:
Equity investments (included in other assets) ............. $ 5 $— $— $ 5
Grand Total ........................................... $1,759 $ — $ — $1,759
Long-term equity investments consist of marketable equity securities that, while available-for-sale, are not
intended to be used to fund current operations.
All contractual maturities of the Company’s available-for-sale marketable debt securities at December 27,
2008 were within one year except those for auction rate securities (ARS). The Company’s ARS have stated
maturities ranging from January 2025 to December 2050. Actual maturities may differ from contractual
maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.
The Company did not sell any available-for-sale securities prior to maturity in 2008. The Company realized
net gains from the sale of available-for-sale securities of $1 million and $2 million in 2007 and 2006,
respectively.
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