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Investments | 9 Months Ended
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Sep. 27, 2014
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 September 27, 2014 and December 31, 2013, amortized cost and estimated fair value were not materially different for these investments. At September 27, 2014, money market funds included $4,875,000 denominated in Canadian dollars. 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 September 27, 2014 and December 31, 2013.
|  | 2014 |  | 2013 |
|  | Amortized |  | Fair |  | Amortized |  | Fair |
(Thousands of dollars) |  | Cost |  | Value |  | Cost |  | Value |
Money market funds |  | $ | 62,965 |  | $ | 62,965 |  | $ | 88,430 |  | $ | 88,430 |
Corporate bonds |  | 10,389 |  | 10,439 |  | 69,591 |  | 70,258 |
U.S. Government agency securities |  | 10,376 |  | 10,355 |  | 27,299 |  | 27,147 |
Asset backed debt securities |  | 2,224 |  | 2,244 |  | 8,446 |  | 8,477 |
Collateralized mortgage obligations |  | 1,192 |  | 1,214 |  | 7,597 |  | 7,600 |
U.S. Treasury securities |  | 521 |  | 521 |  | 5,258 |  | 5,223 |
Emerging markets debt mutual fund |  | - |  | - |  | 17,693 |  | 16,941 |
Total available-for-sale short-term investments |  | 87,667 |  | 87,738 |  | 224,314 |  | 224,076 |
High yield trading debt securities |  | 191,459 |  | 188,645 |  | 49,352 |  | 50,428 |
Equity mutual fund |  | 65,088 |  | 65,050 |  | - |  | - |
Domestic equity ETF |  | 14,877 |  | 15,203 |  | - |  | - |
Emerging markets trading debt mutual fund |  | 3,309 |  | 2,849 |  | 3,202 |  | 2,858 |
Emerging markets trading debt securities |  | 1,678 |  | 1,660 |  | 1,300 |  | 1,336 |
Money market funds held in trading accounts |  | 390 |  | 390 |  | 11,033 |  | 11,033 |
Other trading investments |  | 1,435 |  | 1,430 |  | 841 |  | 918 |
Total available-for-sale and trading short-term investments |  | $ | 365,903 |  | $ | 362,965 |  | $ | 290,042 |  | $ | 290,649 |
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 September 27, 2014.
(Thousands of dollars) |  | 2014 |
Due within one year |  | $ | 815 |
Due after one year through three years |  | 8,374 |
Due after three years |  | 11,229 |
Total fixed rate securities |  | $ | 20,418 |
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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- 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 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: 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=27724398&loc=d3e27357-111563 Reference 3: 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 4: 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 5: 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=27724398&loc=d3e27232-111563 Reference 6: 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 7: 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=27724398&loc=d3e27161-111563 Reference 8: 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=27724398&loc=d3e27405-111563 Reference 9: 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 + Details
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