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Investments
12 Months Ended
Dec. 31, 2020
Investments  
Investments

Note 3 - Investments

The following is a summary of the estimated fair value of short-term investments classified as trading securities:

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December 31,

 

(Millions of dollars)

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2020

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2019

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Domestic equity securities

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$

702

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$

706

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Domestic debt securities

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496

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460

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Foreign equity securities

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133

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189

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Foreign debt securities

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68

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48

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Money market funds held in trading accounts

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47

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12

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Other trading securities

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19

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19

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Total trading short-term investments

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$

1,465

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$

1,434

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The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $74 million, $176 million and ($110) million for the years ended December 31, 2020, 2019 and 2018, respectively.

Seaboard had $1 million of equity securities denominated in foreign currencies as of December 31, 2020, and $62 million of equity securities denominated in foreign currencies as of December 31, 2019, with $32 million in euros, $12 million in Japanese yen, $8 million in the British pound and the remaining $10 million in various other currencies. Seaboard had $28 million and $13 million of debt securities denominated in euros as of December 31, 2020 and 2019, respectively.

In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets in the consolidated balance sheets. See Note 11 for information on the types of trading securities held related to the deferred compensation plans. See Note 10 for a discussion of assets held in conjunction with investments related to Seaboard’s defined benefit pension plans.