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Investments | 9 Months Ended
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Oct. 03, 2015
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 October 3, 2015, money market funds included $970,000 denominated in British pounds and $147,000 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 October 3, 2015 and December 31, 2014.
|  | October 3, 2015 |  | December 31, 2014 |
|  | Amortized |  | Fair |  | Amortized |  | Fair |
(Thousands of dollars) |  | Cost |  | Value |  | Cost |  | Value |
Money market funds |  | $ | 100,648 |  | $ | 100,648 |  | $ | 142,432 |  | $ | 142,432 |
Corporate bonds |  |  | - |  |  | - |  |  | 11,000 |  |  | 11,015 |
U.S. Government agency securities |  |  | - |  |  | - |  |  | 9,684 |  |  | 9,666 |
Other available-for-sale securities |  |  | - |  |  | - |  |  | 3,933 |  |  | 3,983 |
Total available-for-sale short-term investments |  |  | 100,648 |  |  | 100,648 |  |  | 167,049 |  |  | 167,096 |
Domestic equity securities |  |  | 167,770 |  |  | 158,815 |  |  | - |  |  | - |
High yield debt securities |  |  | 125,347 |  |  | 122,178 |  |  | 187,491 |  |  | 181,483 |
Domestic equity mutual funds |  |  | 86,309 |  |  | 80,525 |  |  | 83,809 |  |  | 82,542 |
Domestic equity ETFs |  |  | 78,925 |  |  | 77,443 |  |  | 31,307 |  |  | 32,651 |
Foreign equity securities |  |  | 78,876 |  |  | 76,669 |  |  | - |  |  | - |
Money market funds held in trading accounts |  |  | 40,152 |  |  | 40,152 |  |  | 21,401 |  |  | 21,401 |
Foreign equity mutual fund |  |  | 20,000 |  |  | 19,831 |  |  | - |  |  | - |
Collateralized loan obligation |  |  | 10,000 |  |  | 9,791 |  |  | - |  |  | - |
Other trading securities |  |  | 4,651 |  |  | 3,391 |  |  | 6,173 |  |  | 5,393 |
Total trading short-term investments |  |  | 612,030 |  |  | 588,795 |  |  | 330,181 |  |  | 323,470 |
Total short-term investments |  | $ | 712,678 |  | $ | 689,443 |  | $ | 497,230 |  | $ | 490,566 |
Unrealized losses related to trading securities for the three and nine months ended October 3, 2015 were $22,377,000 and $20,902,000, respectively, and $3,774,000 and $3,149,000 for the three and nine months ended September 27, 2014, respectively. In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets in 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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