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Investments | 3 Months Ended
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Mar. 30, 2013
Investments |
Investments | Note 2– Investments Seaboard’s short-term investments are treated as either available-for-sale securities or trading securities. All of Seaboard’s available-for-sale and trading securities are classified as current assets as they are readily available to support Seaboard’s current operating needs. Available-for-sale securities are recorded at their estimated fair value with unrealized gains and losses reported, net of tax, as a separate component of accumulated other comprehensive loss. Trading securities are recorded at their estimated fair value with unrealized gains and losses reflected in other investment income (loss), net. At March 30, 2013 and December 31, 2012, amortized cost and estimated fair value were not materially different for these investments. At March 30, 2013, money market funds included $7,747,000 denominated in Euros and $7,184,000 denominated in Canadian dollars. As of March 30, 2013, the trading securities primarily consisted of high yield debt securities. The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at March 30, 2013 and December 31, 2012.
|  | 2013 |  | 2012 |
|  | Amortized |  | Fair |  | Amortized |  | Fair |
(Thousands of dollars) |  | Cost |  | Value |  | Cost |  | Value |
Money market funds |  | $ | 138,756 |  | $ | 138,756 |  | $ | 126,537 |  | $ | 126,537 |
Corporate bonds |  | 65,071 |  | 66,661 |  | 67,275 |  | 69,214 |
Enhanced cash mutual fund |  | 25,000 |  | 25,011 |  | - |  | - |
U.S. Government agency securities |  | 22,276 |  | 22,336 |  | 23,647 |  | 23,775 |
U.S. Treasury securities |  | 20,821 |  | 20,855 |  | 17,165 |  | 17,169 |
Emerging markets debt mutual fund |  | 17,693 |  | 18,750 |  | 17,693 |  | 18,734 |
Collateralized mortgage obligations |  | 14,622 |  | 14,716 |  | 15,059 |  | 15,162 |
Asset backed debt securities |  | 12,485 |  | 12,544 |  | 12,180 |  | 12,238 |
Total available-for-sale short-term investments |  | 316,724 |  | 319,629 |  | 279,556 |  | 282,829 |
High yield trading debt securities |  | 22,604 |  | 24,190 |  | 21,839 |  | 23,406 |
Emerging markets trading debt mutual fund |  | 3,079 |  | 3,237 |  | 3,046 |  | 3,237 |
Emerging markets trading debt securities |  | 2,563 |  | 2,761 |  | 2,361 |  | 2,600 |
Other trading investments |  | 935 |  | 985 |  | 1,262 |  | 1,307 |
Total available-for-sale and trading short-term investments |  | $ | 345,905 |  | $ | 350,802 |  | $ | 308,064 |  | $ | 313,379 |
The following table summarizes the estimated fair value of fixed rate securities designated as available-for-sale classified by the contractual maturity date of the security as of March 30, 2013.
(Thousands of dollars) |  | 2013 |
Due within one year |  | $ | 4,254 |
Due after one year through three years |  | 42,457 |
Due after three years |  | 63,702 |
Total fixed rate securities |  | $ | 110,413 |
In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets on the Condensed Consolidated Balance Sheets. See Note 5 to the Condensed Consolidated Financial Statements for information on the types of trading securities held related to the deferred compensation plans.

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