Investments In Debt And Equity Securities

6 Months Ended

Jun. 30, 2011

Investments In Debt And Equity Securities

Investments In Debt And Equity Securities

9. Investments in Debt and Equity Securities

Our investments in debt and equity securities, which are classified as available-for-sale, consisted of shares of PFD Preferred Stock and shares of publicly traded equity securities. See Note 3 for additional information on PFD Preferred Stock. On the consolidated balance sheets, PFD Preferred Stock was reflected as related party debt securities, and other equity securities are recorded in other noncurrent assets.

The following table summarizes our investments in debt and equity securities:

(In millions)	Amortized Cost		Gross Unrealized Gains		Fair Value
June 30, 2011
Other equity securities	$	2	$	1	$	3
December 31, 2010
PFD Preferred Stock	$	2,404	$	—	$	2,404
Other equity securities		2		1		3
Total	$	2,406	$	1	$	2,407

We had no other-than-temporary impairments to our investments in debt and equity securities during the six months ended June 30, 2011 and 2010.

There were no realized gains on our equity securities investments in the six months ended June 30, 2011 and 2010.

The change in unrealized holding gain on available-for-sale securities included in accumulated other comprehensive loss was less than $1 million for the six months ended June 30, 2011 and 2010. There were no gains or losses reclassified out of accumulated other comprehensive loss into earnings for the six months ended June 30, 2011 and 2010.