Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES

v2.4.0.6
MARKETABLE SECURITIES
 9 Months Ended
Sep. 30, 2012
MARKETABLE SECURITIES  
MARKETABLE SECURITIES

NOTE 6.  MARKETABLE SECURITIES

 

A summary of marketable securities, all of which are classified as current, was as follows:

 

 

 

September 30, 2012

 

December 31, 2011

 

In millions

 

Cost

 

Gross unrealized
gains/(losses)

 

Estimated
fair value

 

Cost

 

Gross unrealized
gains/(losses)

 

Estimated
fair value

 

Available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt mutual funds

 

$

140

 

$

3

 

$

143

 

$

115

 

$

2

 

$

117

 

Bank debentures

 

50

 

—

 

50

 

82

 

—

 

82

 

Certificates of deposit

 

32

 

—

 

32

 

66

 

—

 

66

 

Government debt securities-non-U.S.

 

3

 

—

 

3

 

3

 

—

 

3

 

Corporate debt securities

 

2

 

—

 

2

 

2

 

—

 

2

 

Equity securities and other

 

—

 

9

 

9

 

—

 

7

 

7

 

Total marketable securities

 

$

227

 

$

12

 

$

239

 

$

268

 

$

9

 

$

277

 

 

At September 30, 2012, the fair value of available-for-sale investments in debt securities by contractual maturity was as follows:

 

Maturity date

 

Fair value

 

In millions

 

 

 

1 year or less

 

$

29

 

1-5 years

 

25

 

5-10 years

 

1

 

Total

 

$

55