Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES

v2.4.0.8
MARKETABLE SECURITIES
 9 Months Ended
Sep. 29, 2013
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES
NOTE 7. MARKETABLE SECURITIES
 
A summary of marketable securities, all of which are classified as current, was as follows:
 
 
 
September 29, 2013
 
December 31, 2012
In millions
 
Cost
 
Gross unrealized
gains/(losses)
 
Estimated
fair value
 
Cost
 
Gross unrealized
gains/(losses)
 
Estimated
fair value
Available-for-sale
 
 

 
 

 
 

 
 

 
 

 
 

Debt mutual funds(1)
 
$
91

 
$
1

 
$
92

 
$
139

 
$
3

 
$
142

Bank debentures
 
9

 
—

 
9

 
45

 
—

 
45

Certificates of deposit
 
36

 
—

 
36

 
47

 
—

 
47

Government debt securities-non-U.S.
 
3

 
—

 
3

 
3

 
—

 
3

Corporate debt securities
 
—

 
—

 
—

 
1

 
—

 
1

Equity securities and other(2)
 
12

 
10

 
22

 
—

 
9

 
9

Total marketable securities
 
$
151

 
$
11

 
$
162

 
$
235

 
$
12

 
$
247

 ______________________________________________________
(1)Contractual maturities are only applicable to debt mutual funds that utilize a Level 2 fair value.  
(2)In the first quarter of 2013, we realized a $9 million gain on the sale of equity securities.
 
The proceeds from sales and maturities of marketable securities and gross realized gains and losses from the sale of available-for-sale securities were as follows:
 
 
Three months ended
 
Nine months ended
In millions
 
September 29, 2013
 
September 30,
2012
 
September 29, 2013
 
September 30,
2012
Proceeds from sales and maturities of marketable securities
 
$
153

 
$
195

 
$
433

 
$
475

Gross realized gains from the sale of available-for-sale securities
 
1

 
1

 
12

 
4



At September 29, 2013, the fair value of available-for-sale investments with contractual maturities was as follows:
 
 
 
Fair value
Maturity date
 
(in millions)
1 year or less
 
$
68

1-5 years
 
1

5-10 years
 
10

Total
 
$
79