AMD 2013 Annual Report Download - page 89

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NOTE 8: Financial Instruments
Available-for-sale securities held by the Company as of December 28, 2013 and December 29, 2012 were as
follows:
December 28,
2013
December 29,
2012
(In millions)
Fair Value
Classified as cash equivalents:
Money market funds ............................................... $ 19 $402
Commercial paper ................................................. 421 75
Total classified as cash equivalents ................................ $440 $477
Classified as current marketable securities:
Commercial paper ................................................. $178 $324
Time deposits ..................................................... 50 100
Auction rate securities .............................................. — 28
Marketable equity securities ......................................... — 1
Total classified as current marketable securities ...................... $228 $453
Classified as long-term marketable securities:
Money market funds ............................................... $ 2 $ 13
Corporate bonds ................................................... 88 168
Total classified as long-term marketable securities .................... $ 90 $181
Classified as other assets:
Money market funds ............................................... $ 18 $ 10
Mutual funds ..................................................... 14 14
Total classified as other assets .................................... $ 32 $ 24
The amortized cost of available-for-sale securities approximates the fair value for all periods presented.
At December 28, 2013 and December 29, 2012, the Company had approximately $18 million and $10
million, respectively, of available-for-sale investments in money market funds used as collateral for leased
buildings and letter of credit deposits, which were included in other assets on the Company’s consolidated
balance sheets. The Company is restricted from accessing these deposits.
At December 28, 2013 and December 29, 2012, the Company had approximately $14 million of available-
for-sale investments in mutual funds held in a Rabbi trust established for the Company’s deferred compensation
plan, which were included in other assets on the Company’s consolidated balance sheets. The Company is
restricted from accessing these investments.
The Company realized a loss of $2 million on sales of approximately $28 million of auction rate securities
(ARS) holdings during 2013 that were classified as available-for-sale securities. The cost of securities sold is
determined based on the specific identification method. There were no other sales of available-for-sale securities
during 2013. The Company no longer holds any ARS investments as of December 28, 2013.
The Company did not realize any gain or loss on sale of approximately $6 million of available-for-sale
securities during 2012. The Company recorded an other-than-temporary impairment charge of approximately $4
million on one of its ARS holdings during 2012.
At December 28, 2013 and December 29, 2012, $90 million and $181 million, respectively, of investments
were classified as long-term marketable securities. The Company’s intent is to hold such investments for greater
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