Financial instruments measured at fair value on a recurring basis as of June 30, 2014 are as follows (in millions):



	Level 1		Level 2		Total
Assets at fair value:
Long-term investments in equity securities	$	557	$	—	$	557
Mutual Funds	26		—		26
Total assets at fair value	$	583	$	—	$	583

Financial instruments measured at fair value on a recurring basis as of December 31, 2013 are as follows (in millions):



	Level 1		Level 2		Total
Assets at fair value:
Long-term investment in equity securities	$	324	$	—	$	324
U.S. Treasury securities	100		—		100
Mutual Funds	33		—		33
Foreign exchange derivative contracts	—		4		4
Total assets at fair value	$	457	$	4	$	461