v2.4.0.8

Investments | 6 Months Ended
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Jun. 30, 2014
Investments | Note 6: Investments
|  |  | June 30, |  | December 31,
(in millions) |  | 2014 |  | 2013
Fair Value Method | $ | 2,387 | $ | 4,345
Equity Method: |  |  |  |
| The Weather Channel |  | 331 |  | 333
| Hulu |  | 187 |  | 187
| Other |  | 486 |  | 469
|  |  | 1,004 |  | 989
Cost Method: |  |  |  |
| AirTouch |  | 1,560 |  | 1,553
| Other |  | 446 |  | 456
|  |  | 2,006 |  | 2,009
Total investments |  | 5,397 |  | 7,343
Less: Current investments |  | 2,325 |  | 3,573
Noncurrent investments | $ | 3,072 | $ | 3,770
Investment Income (Loss), Net
|  | Three Months Ended |  | Six Months Ended
|  | June 30 |  | June 30
(in millions) | 2014 | 2013 |  | 2014 | 2013
Gains on sales and exchanges of investments, net | $ | 90 | $ | 3 |  | $ | 173 | $ | 38
Investment impairment losses |  | (19) |  | (4) |  |  | (24) |  | (13)
Unrealized gains (losses) on securities underlying prepaid |  |  |  |  |  |  |  |  |
| forward sale agreements |  | 85 |  | 247 |  |  | (28) |  | 852
Mark to market adjustments on derivative component of prepaid |  |  |  |  |  |  |  |  |
| forward sale agreements and indexed debt instruments |  | (85) |  | (239) |  |  | 32 |  | (841)
Interest and dividend income |  | 28 |  | 26 |  |  | 56 |  | 56
Other, net |  | 21 |  | (20) |  |  | 24 |  | (7)
Investment income (loss), net | $ | 120 | $ | 13 |  | $ | 233 | $ | 85
Fair Value Method As of June 30, 2014, the majority of our fair v alue method investments were equity securities held as collateral that were related to our obligations under prepaid forward sale agreements.
Prepaid Forward Sale Agreements
|  | June 30, | December 31,
(in millions) | 2014 | 2013
Assets: |  |  |  |
| Fair value equity securities held as collateral | $ | 2,250 | $ | 3,959
Liabilities: |  |  |  |
| Obligations under prepaid forward sale agreements | $ | 470 | $ | 811
| Derivative component of prepaid forward sale agreements |  | 1,586 |  | 2,800
Total liabilities | $ | 2,056 | $ | 3,611
During the six months ended June 30, 2014, we settled $1.5 billion of obligations under certain of our prepaid forward sale agreements by delivering equity securities. As of June 30, 2014, our remaining prepaid forward sale obligations had an estimated fair value of $2.1 billion. The estimated fair value is based on Level 2 inputs using pricing models whose inputs are derived primarily from or corroborated by observable market data through correlation or other means for substantially the full t erm of the financial instrument. Cost Method AirTouch We hold two series of preferred stock of AirTouch Communications, Inc. (“AirTouch”), a subsidiary of Verizon Communications Inc., which are redeemable in April 2020. As of June 30, 2014, t he estimated fair value s of the AirTo uch preferred stock and the associated liability related to the redeemable preferred shares issued by one of our consolidated subsidiaries were each $1.7 billion. The estimated fair values are based on Level 2 inputs using pricing models whos e inputs are derived primarily from or corroborated by observable market data through correlation or other means for substantially the full term of the financial instrument.
NBCUniversal Media, LLC [Member] |
Investments | Note 5: Investments
|  |  | June 30, |  | December 31,
(in millions) |  | 2014 |  | 2013
Fair Value Method | $ | 19 | $ | 11
Equity Method: |  |  |  |
| The Weather Channel |  | 331 |  | 333
| Hulu |  | 187 |  | 187
| Other |  | 333 |  | 332
|  |  | 851 |  | 852
Cost Method |  | 19 |  | 21
Total investments |  | 889 |  | 884
Less: Current investments |  | 8 |  | -
Noncurrent Investments | $ | 881 | $ | 884

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- Definition Includes all investments held by the company under the equity, cost and the fair value methods. Represents total on the balance sheet. Includes the components of investment income (loss), net. + References No definition available. + Details
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Namespace Prefix: | cmcsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration