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Marketable Securities And Cash Equivalents | 6 Months Ended
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Dec. 31, 2011
Marketable Securities And Cash Equivalents |
Marketable Securities And Cash Equivalents |
Note 6. | Marketable Securities and Cash Equivalents
|  |  |  | Unrealized |  |  | Unrealized |  | Fair |
| Cost |  |  | Gains |  |  | Losses |  | Value |
| (In millions) |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
United States government obligations |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  | $ | 541 |  |  | $ | – |  |  | $ | – |  |  | $ | 541 |
Maturity 1 to 5 years |  |  | 103 |  |  |  | – |  |  |  | – |  |  |  | 103 |
Government–sponsored enterprise obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity 1 to 5 years |  |  | 2 |  |  |  | – |  |  |  | – |  |  |  | 2 |
Corporate debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity 1 to 5 years |  |  | 60 |  |  |  | – |  |  |  | – |  |  |  | 60 |
Other debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  |  | 432 |  |  |  | – |  |  |  | – |  |  |  | 432 |
Maturity 1 to 5 years |  |  | 4 |  |  |  | – |  |  |  | – |  |  |  | 4 |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  |  | 136 |  |  |  | 26 |  |  |  | (3 | ) |  |  | 159 |
Trading |  |  | 24 |  |  |  | – |  |  |  | – |  |  |  | 24 |
|  | $ | 1,302 |  |  | $ | 26 |  |  | $ | (3 | ) |  | $ | 1,325 |
|  |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
| Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In millions) |
June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |
United States government obligations |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  | $ | 753 |  |  | $ | – |  |  | $ | – |  |  | $ | 753 |
Maturity 1 to 5 years |  |  | 72 |  |  |  | 1 |  |  |  | – |  |  |  | 73 |
Government–sponsored enterprise obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  |  | 20 |  |  |  | – |  |  |  | – |  |  |  | 20 |
Maturity 1 to 5 years |  |  | 54 |  |  |  | – |  |  |  | – |  |  |  | 54 |
Maturity 5 to 10 years |  |  | 5 |  |  |  | – |  |  |  | – |  |  |  | 5 |
Maturity greater than 10 years |  |  | 218 |  |  |  | 8 |  |  |  | – |  |  |  | 226 |
Corporate debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  |  | 1 |  |  |  | – |  |  |  | – |  |  |  | 1 |
Maturity 1 to 5 years |  |  | 35 |  |  |  | 1 |  |  |  | – |  |  |  | 36 |
Other debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity less than 1 year |  |  | 215 |  |  |  | – |  |  |  | – |  |  |  | 215 |
Maturity 1 to 5 years |  |  | 3 |  |  |  | – |  |  |  | – |  |  |  | 3 |
Maturity 5 to 10 years |  |  | 7 |  |  |  | – |  |  |  | – |  |  |  | 7 |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  |  | 159 |  |  |  | 83 |  |  |  | (4 | ) |  |  | 238 |
Trading |  |  | 24 |  |  |  | – |  |  |  | – |  |  |  | 24 |
|  | $ | 1,566 |  |  | $ | 93 |  |  | $ | (4 | ) |  | $ | 1,655 |
All of the $3 million in unrealized losses at December 31, 2011 arose within the last 12 months and is related to the Company's investment in one security. The market value of the available-for-sale equity security that has been in an unrealized loss position for less than 12 months is $31 million. The Company evaluated the near-term prospects of the issuer in relation to the severity and duration of the impairment. Based on that evaluation and the Company's ability and intent to hold this investment for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company does not consider this investment to be other-than-temporarily impaired at December 31, 2011. In December 2011, the Company recorded a $13 million other-than-temporary impairment related to its available-for-sale equity security investment in Metabolix, Inc. (see Note 14 for additional information). The impairment charge is included in asset impairment charges and exit costs in the consolidated statements of earnings.

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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2,12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 + Details
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