Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

v3.8.0.1
MARKETABLE SECURITIES (Tables)
 3 Months Ended
Apr. 01, 2018
Investments, Debt and Equity Securities [Abstract]  
Summary of marketable securities A summary of marketable securities, all of which are classified as current, was as follows:
 
 
 
April 1, 2018
 
December 31, 2017
In millions
 
Cost
 
Gross unrealized
gains/(losses) (1)
 
Estimated
fair value
 
Cost
 
Gross unrealized
gains/(losses)
 
Estimated
fair value
Equity securities
 
 

 
 

 
 

 
 

 
 

 
 

Debt mutual funds
 
$
115

 
$
—

 
$
115

 
$
170

 
$
—

 
$
170

Certificates of deposit
 
48

 
—

 
48

 
12

 
—

 
12

Equity mutual funds
 
14

 
2

 
16

 
12

 
3

 
15

Available-for-sale debt securities
 
1

 
—

 
1

 
1

 
—

 
1

Total marketable securities
 
$
178

 
$
2

 
$
180

 
$
195

 
$
3

 
$
198

____________________________________
(1) Unrealized gains and losses for available-for-sale debt securities are recorded in other comprehensive income (See NOTE 12, "ACCUMULATED OTHER COMPREHENSIVE LOSS," to our Condensed Consolidated Financial Statements for more information). Effective January 1, 2018, with the adoption of the FASB standard, all unrealized gains and losses for equity securities are recorded in other income, net in the Condensed Consolidated Statements of Income. See NOTE 14, "RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS," for detailed information about the adoption of this standard.
Schedule of proceeds from sales and maturities The proceeds from sales and maturities of marketable securities were as follows:
 
 
Three months ended
In millions
 
April 1,
2018
 
April 2,
2017
Proceeds from sales and maturities of marketable securities
 
$
82

 
$
147