Investments and Related Matters.

Investment

Investments, and securities sold, not yet purchased consist of equities, bonds, bank debt and other corporate obligations, all of which are reported at fair value in our condensed consolidated balance sheets. These investments are considered trading securities. In addition, our Investment segment has certain derivative transactions which are discussed in Note 6, "Financial Instruments - Investment." The carrying value and detail of security type and business sector with respect to investments and securities sold, not yet purchased held by our Investment segment consist of the following:



	June 30, 2016		December 31, 2015
Assets	(in millions)
Investments:
Equity securities:
Basic materials	$	927	$	563
Communications	187		407
Consumer, non-cyclical	3,010		3,684
Consumer, cyclical	152		115
Diversified	17		17
Energy	1,447		1,461
Financial	1,931		2,094
Industrial	256		188
Technology	1,022		5,795
	8,949		14,324
Corporate debt:
Consumer, non-cyclical	98		—
Consumer, cyclical	152		55
Financial	4		4
Sovereign debt	—		13
Utilities	14		—
	268		72
Mortgage-backed securities:
Financial	—		157
	$	9,217	$	14,553
Liabilities
Securities sold, not yet purchased, at fair value:
Equity securities:
Consumer, non-cyclical	$	4	$	794
Consumer, cyclical	848		—
Energy	136		—
Financial	158		—
Industrial	105		—
	1,251		794
Debt securities:
Consumer, cyclical	55		—
	$	1,306	$	794

The portion of trading (loss) gains that relates to trading securities still held by our Investment segment was $(74) million and $203 million for the three months ended June 30, 2016 and 2015, respectively, and $(189) million and $598 million for the six months ended June 30, 2016 and 2015, respectively.

Other Segments

The carrying value of investments held by our other segments and our Holding Company consist of the following:



	June 30, 2016		December 31, 2015
	(in millions)
Equity method investments	$	293	$	323
Other investments	365		475
	$	658	$	798