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Investments | 6 Months Ended
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Jul. 01, 2017
Investments |
Investments | Note 2 – Investments The following is a summary of the amortized cost and estimated fair value of short-term investments classified as trading securities held at July 1, 2017 and December 31, 2016.
|  | July 1, 2017 |  | December 31, 2016 |
|  | Amortized |  | Fair |  | Amortized |  | Fair |
(Millions of dollars) |  | Cost |  | Value |  | Cost |  | Value |
Domestic equity securities |  | $ | 612 |  | $ | 687 |  | $ | 444 |  | $ | 482 |
Domestic debt securities held in mutual funds/ETFs/U.S. Treasuries |  |  | 272 |  |  | 274 |  |  | 437 |  |  | 437 |
Foreign equity securities |  |  | 261 |  |  | 289 |  |  | 198 |  |  | 199 |
High yield securities |  |  | 108 |  |  | 108 |  |  | 114 |  |  | 115 |
Money market funds held in trading accounts |  |  | 16 |  |  | 16 |  |  | 13 |  |  | 13 |
Collateralized loan obligations |  |  | 13 |  |  | 13 |  |  | 25 |  |  | 26 |
Other trading securities |  |  | 4 |  |  | 4 |  |  | 5 |  |  | 5 |
Total trading short-term investments |  | $ | 1,286 |  | $ | 1,391 |  | $ | 1,236 |  | $ | 1,277 |
Seaboard had $104 million of equity securities denominated in foreign currencies at July 1, 2017, with $43 million in euros, $22 million in Japanese yen, $18 million in British pounds, $6 million in Swiss francs and the remaining $15 million in various other currencies. At December 31, 2016, Seaboard had $91 million of equity securities denominated in foreign currencies, with $35 million in euros, $20 million in Japanese yen, $16 million in British pounds, $6 million in Swiss francs and the remaining $14 million in various other currencies. Also, money market funds included $1 million denominated in various foreign currencies at July 1, 2017 and December 31, 2016. Unrealized gains related to trading securities still held at the end of the respective reporting period were $33 million and $65 million for the three and six months ended July 1, 2017, respectively, and $9 million and $13 million for the three and six months ended July 2, 2016, 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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