v2.4.0.8

Investments | 9 Months Ended
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Sep. 30, 2014
Investments | Note 6: Investments
|  |  | September 30, |  | December 31,
(in millions) |  | 2014 |  | 2013
Fair Value Method | $ | 588 | $ | 4,345
Equity Method: |  |  |  |
| The Weather Channel |  | 333 |  | 333
| Hulu |  | 188 |  | 187
| Other |  | 503 |  | 469
|  |  | 1,024 |  | 989
Cost Method: |  |  |  |
| AirTouch |  | 1,564 |  | 1,553
| Other |  | 484 |  | 456
|  |  | 2,048 |  | 2,009
Total investments |  | 3,660 |  | 7,343
Less: Current investments |  | 531 |  | 3,573
Noncurrent investments | $ | 3,129 | $ | 3,770
Investment Income (Loss), Net
|  | Three Months Ended |  | Nine Months Ended
|  | September 30 |  | September 30
(in millions) | 2014 | 2013 |  | 2014 | 2013
Gains on sales and exchanges of investments, net | $ | 3 | $ | 445 |  | $ | 176 | $ | 483
Investment impairment losses |  | (6) |  | (12) |  |  | (30) |  | (25)
Unrealized gains (losses) on securities underlying prepaid |  |  |  |  |  |  |  |  |
| forward sale agreements |  | 15 |  | 345 |  |  | (13) |  | 1,197
Mark to market adjustments on derivative component of prepaid |  |  |  |  |  |  |  |  |
| forward sale agreements and indexed debt instruments |  | (13) |  | (348) |  |  | 19 |  | (1,189)
Interest and dividend income |  | 29 |  | 28 |  |  | 85 |  | 84
Other, net |  | (7) |  | 6 |  |  | 17 |  | (1)
Investment income (loss), net | $ | 21 | $ | 464 |  | $ | 254 | $ | 549
Fair Value Method As of September 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
|  | September 30, | December 31,
(in millions) | 2014 | 2013
Assets: |  |  |  |
| Fair value equity securities held as collateral | $ | 444 | $ | 3,959
Liabilities: |  |  |  |
| Obligations under prepaid forward sale agreements | $ | 117 | $ | 811
| Derivative component of prepaid forward sale agreements |  | 277 |  | 2,800
Total liabilities | $ | 394 | $ | 3,611
During the nine months ended September 30, 2014, we settled $3.2 billion of obligations under certain of our prepaid forward sale agreements by delivering equity securities. As of September 30, 2014, the carrying values of our remaining prepaid forward sale obligations approximated their fair values. The estimated fair values are based on Level 2 inputs that use 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 September 30, 2014, t he estimated fair value s of the AirTouch 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 that use u s i n g pricing models whose 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
|  |  | September 30, |  | December 31,
(in millions) |  | 2014 |  | 2013
Fair Value Method | $ | 16 | $ | 11
Equity Method: |  |  |  |
| The Weather Channel |  | 333 |  | 333
| Hulu |  | 188 |  | 187
| Other |  | 347 |  | 332
|  |  | 868 |  | 852
Cost Method |  | 28 |  | 21
Total investments |  | 912 |  | 884
Less: Current investments |  | 5 |  | -
Noncurrent Investments | $ | 907 | $ | 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