Crucial 2013 Annual Report Download - page 66

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65
Investments
As of August 29, 2013 and August 30, 2012, available-for-sale investments, including cash equivalents, were as follows:
As of 2013 2012
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair
Value Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair
Value
Money market funds $ 1,188 $ — $ — $ 1,188 $ 2,159 $ — $ — $ 2,159
Corporate bonds 414 1 (1) 414 233 1 — 234
Certificates of deposit 349 — — 349 31 — — 31
Government securities 168 — — 168 144 — — 144
Asset-backed securities 97 — — 97 77 — — 77
Commercial paper 61 — — 61 39 — — 39
Marketable equity
securities 6 — — 6 10 — — 10
$ 2,283 $ 1 $ (1) $ 2,283 $ 2,693 $ 1 $ — $ 2,694
As of August 29, 2013, no available-for-sale security had been in a loss position for longer than 12 months. During 2013
and 2012, we recognized other-than-temporary impairments of our marketable equity securities of $4 million and $11 million,
respectively.
The table below presents the amortized cost and fair value of available-for-sale debt securities, including cash equivalents,
as of August 29, 2013 by contractual maturity:
Amortized
Cost Fair Value
Money market funds not due at a single maturity date $ 1,188 $ 1,188
Due in 1 year or less 596 596
Due in 1 - 2 years 224 224
Due in 2 - 4 years 253 253
Due after 4 years 16 16
$ 2,277 $ 2,277
Net unrealized holding gains reclassified out of accumulated other comprehensive income from sales of available-for-sale
securities were $31 million for 2012 and were not significant for any other period presented. Proceeds from the sales of
available-for-sale securities for 2013, 2012 and 2011 were $526 million, $149 million and $1 million, respectively. Gross
realized gains from sales of available-for-sale securities were $34 million for 2012 and gross realized gains and losses for all
other periods presented were not significant.