Marketable Securities

12 Months Ended

Dec. 31, 2011

We hold marketable securities that consist primarily of investments in U.S. government and U.S. government-sponsored enterprises, non-US government and non-US government agencies, and corporate debt.

Investment securities with a maturity date greater than 90 days at the date of the security's acquisition are classified as marketable securities.

We record marketable securities at fair value with unrealized gains and losses recorded to Other income, net. Realized gains and losses are measured using the specific identification method. See Note 11 for additional information on fair value measurements.

FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS (Continued)

NOTE 2. MARKETABLE SECURITIES (Continued)

Investments in marketable securities at December 31 were as follows (in millions):



	2011			2010
Fair value	$	3,835		$	6,759
Net unrealized gains/(losses) for period related to instruments still held at year-end	(9		)	4