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CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
3 Months Ended
Mar. 31, 2015
Cash, Cash Equivalents, and Short-term Investments [Abstract]  
CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

Components for cash, cash equivalents and marketable securities (in millions):
March 31, 2015
Cost Basis
 
Unrealized
Gains
 
Unrealized Losses
 
Fair Value
Cash
$
5

 
$

 
$

 
$
5

Cash equivalents
46

 

 

 
46

Cash and cash equivalents
51

 

 

 
51

U.S. government and agency securities
200

 
1

 

 
201

Foreign government bonds
31

 

 

 
31

Asset-backed securities
151

 

 

 
151

Mortgage-backed securities
127

 
1

 
(1
)
 
127

Corporate notes and bonds
721

 
6

 

 
727

Municipal securities
24

 

 

 
24

Marketable securities
1,254

 
8

 
(1
)
 
1,261

Total
$
1,305

 
$
8

 
$
(1
)
 
$
1,312


December 31, 2014
Cost Basis
 
Unrealized
Gains
 
Unrealized Losses
 
Fair Value
Cash
$
4

 
$

 
$

 
$
4

Cash equivalents
103

 

 

 
103

Cash and cash equivalents
107

 

 

 
107

U.S. government and agency securities
166

 

 

 
166

Foreign government bonds
25

 

 

 
25

Asset-backed securities
130

 

 

 
130

Mortgage-backed securities
127

 

 
(1
)
 
126

Corporate notes and bonds
644

 
3

 
(2
)
 
645

Municipal securities
18

 

 

 
18

Marketable securities
1,110

 
3

 
(3
)
 
1,110

Total
$
1,217

 
$
3

 
$
(3
)
 
$
1,217



Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates. Management does not believe any remaining unrealized losses represent other-than-temporary impairments based on our evaluation of available evidence as of March 31, 2015.

Activity for marketable securities (in millions):  
 
Three Months Ended March 31,
 
2015
 
2014
Proceeds from sales and maturities
$
259

 
$
227

Gross realized gains
1

 
1

Gross realized losses
(1
)
 
(1
)

Maturities for marketable securities (in millions):
March 31, 2015
Cost Basis
 
Fair Value
Due in one year or less
$
152

 
$
151

Due after one year through five years
1,099

 
1,106

Due after five years through 10 years
3

 
4

Due after 10 years

 

Total
$
1,254

 
$
1,261