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Valuation of Debt and Equity Investments and Certain Liabilities (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Investments

Details of our investments are as follows:

 

 

September 30, 2015

 

 

December 31, 2014

 

 

Cash and Cash

 

 

Short-Term

 

 

Long-Term

 

 

Cash and Cash

 

 

Short-Term

 

 

Long-Term

 

 

Equivalents

 

 

Investments

 

 

Investments

 

 

Equivalents

 

 

Investments

 

 

Investments

 

Measured at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

 

618

 

 

$

 

 

 

$

 

 

 

$

 

522

 

 

$

 

 

 

$

 

 

Corporate obligations

 

 

101

 

 

 

 

240

 

 

 

 

 

 

 

 

97

 

 

 

 

390

 

 

 

 

 

U.S. Government agency and Treasury securities

 

 

165

 

 

 

 

1,362

 

 

 

 

 

 

 

 

365

 

 

 

 

1,952

 

 

 

 

 

Trading securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds

 

 

 

 

 

 

 

 

 

 

180

 

 

 

 

 

 

 

 

 

 

 

 

185

 

Total

 

 

884

 

 

 

 

1,602

 

 

 

 

180

 

 

 

 

984

 

 

 

 

2,342

 

 

 

 

185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other measurement basis:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity-method investments

 

 

 

 

 

 

 

 

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

27

 

Cost-method investments

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

12

 

Cash on hand

 

 

249

 

 

 

 

 

 

 

 

 

 

 

 

215

 

 

 

 

 

 

 

 

 

Total

$

 

1,133

 

 

$

 

1,602

 

 

$

 

216

 

 

$

 

1,199

 

 

$

 

2,342

 

 

$

 

224

 

 

Aggregate Maturities of Investments in Debt Securities Classified as Available-for-sale

The following table presents the aggregate maturities of investments in debt securities classified as available for sale as of September 30, 2015:

 

Due

 

Fair Value

 

One year or less

 

$

 

2,451

 

One to two years

 

 

 

35

 

 

Assets and Liabilities Accounted for at Fair Value

The following are our assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2015, and December 31, 2014. These tables do not include cash on hand, assets held by our postretirement plans, or assets and liabilities that are measured at historical cost or any basis other than fair value.

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

Level 1

 

 

Level 2

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

 

618

 

 

$

 

618

 

 

$

 

 

Corporate obligations

 

 

341

 

 

 

 

 

 

 

 

341

 

U.S. Government agency and Treasury securities

 

 

1,527

 

 

 

 

1,307

 

 

 

 

220

 

Mutual funds

 

 

180

 

 

 

 

180

 

 

 

 

 

Total assets

$

 

2,666

 

 

$

 

2,105

 

 

$

 

561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation

$

 

191

 

 

$

 

191

 

 

$

 

 

Total liabilities

$

 

191

 

 

$

 

191

 

 

$

 

 

 

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

Level 1

 

 

Level 2

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

 

522

 

 

$

 

522

 

 

$

 

 

Corporate obligations

 

 

487

 

 

 

 

 

 

 

 

487

 

U.S. Government agency and Treasury securities

 

 

2,317

 

 

 

 

1,762

 

 

 

 

555

 

Mutual funds

 

 

185

 

 

 

 

185

 

 

 

 

 

Total assets

$

 

3,511

 

 

$

 

2,469

 

 

$

 

1,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation

$

 

202

 

 

$

 

202

 

 

$

 

 

Total liabilities

$

 

202

 

 

$

 

202

 

 

$