XML 66 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Investments In Marketable Securities | 3 Months Ended
--- | ---
Sep. 30, 2012
INVESTMENTS IN MARKETABLE SECURITIES | 4. INVESTMENTS IN MARKETABLE SECURITIES The following table sets forth the Company's investments in marketable debt and equity securities as of September 30, 2012 and December 31, 2011 by security class and by level within the fair value hierarchy. The security classes are determined based on the nature and risk of a security and are consistent with how the Company manages, monitors and measures its marketable securities.
|  |  | September 30, 2012 |  | December 31, 2011
|  |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  |  | (in millions)
AVAILABLE-FOR-SALE:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Unsecured debentures |  | $ | - |  | $ | 440 |  | $ | - |  | $ | 440 |  | $ | - |  | $ | 665 |  | $ | - |  | $ | 665
| Certificates of deposit |  |  | - |  |  | 338 |  |  | - |  |  | 338 |  |  | - |  |  | 576 |  |  | - |  |  | 576
| Government debt securities |  |  | - |  |  | 26 |  |  | - |  |  | 26 |  |  | - |  |  | 31 |  |  | - |  |  | 31
| Subtotal |  |  | - |  |  | 804 |  |  | - |  |  | 804 |  |  | - |  |  | 1,272 |  |  | - |  |  | 1,272
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Mutual funds |  |  | - |  |  | 52 |  |  | - |  |  | 52 |  |  | - |  |  | 67 |  |  | - |  |  | 67
| Common stock |  |  | 1 |  |  | - |  |  | - |  |  | 1 |  |  | 1 |  |  | - |  |  | - |  |  | 1
| Subtotal |  |  | 1 |  |  | 52 |  |  | - |  |  | 53 |  |  | 1 |  |  | 67 |  |  | - |  |  | 68
Total available-for-sale |  |  | 1 |  |  | 856 |  |  | - |  |  | 857 |  |  | 1 |  |  | 1,339 |  |  | - |  | $ | 1,340
TRADING: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Mutual funds |  |  | 12 |  |  | - |  |  | - |  |  | 12 |  |  | 12 |  |  | - |  |  | - |  |  | 12
Total trading |  |  | 12 |  |  | - |  |  | - |  |  | 12 |  |  | 12 |  |  | - |  |  | - |  |  | 12
TOTAL |  | $ | 13 |  | $ | 856 |  | $ | - |  | $ | 869 |  | $ | 13 |  | $ | 1,339 |  | $ | - |  | $ | 1,352
Held-to-maturity securities |  |  |  |  |  |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  | 4
Total marketable securities |  |  |  |  |  |  |  |  |  |  | $ | 873 |  |  |  |  |  |  |  |  |  |  | $ | 1,356
(1) Cost/a mortized cost approximated fair value at September 30, 2012 and December 31, 2011, with the exception of certain common stock investment s with a cost basis and fair value of $1 million at September 30, 2012, and a cost basis and fair value of $4 million and $1 million, respectively, at December 31, 2011. As of September 30, 2012, all available-for-sale debt securities had stated maturities within one year. The following table summarizes the pre-tax gains and losses related to available-for-sale and trading securities for the three and nine months ended September 30, 2012 and 2011. Gains and losses on the sale of investments are determined using the specific identification method. For the three and nine months ended September 30, 2012 and 2011, t here were no realized losses on the sale of available-for-sale securities and no other-than-temporary impairment of marketable securities recognized in earnings or other comprehensive incom e.
|  |  | Three Months Ended |  | Nine Months Ended
|  |  | September 30, |  | September 30,
|  |  | 2012 |  | 2011 |  | 2012 |  | 2011
|  |  | (in millions)
Losses included in earnings that relate to trading securities |  |  |  |  |  |  |  |  |  |  |  |
| held at the reporting date |  | $ | - |  | $ | (2) |  | $ | - |  | $ | (1)
Unrealized gains (losses) on available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |
| included in other comprehensive income |  |  | (1) |  |  | (1) |  |  | (1) |  |  | (4)
Proceeds from sales of available-for-sale securities |  |  | 1,513 |  |  | 1,134 |  |  | 5,160 |  |  | 4,218
Gross realized gains on sales |  |  | - |  |  | 1 |  |  | 1 |  |  | 5

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration