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Investments | 12 Months Ended
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Dec. 31, 2018
Investments |
Investments | Note 3 - Investments The following is a summary of the estimated fair value of short-term investments classified as trading securities at the end of each year:
|  |  |  | December 31, |
|  |  | 2018 |  |  | 2017 |
|  |  | Fair |  |  | Fair |
(Millions of dollars) |  |  | Value |  |  | Value |
Domestic equity securities |  |  | $ | 632 |  |  | $ | 752 |
Domestic debt securities |  |  |  | 268 |  |  |  | 439 |
Foreign equity securities |  |  |  | 218 |  |  |  | 319 |
Money market funds held in trading accounts |  |  |  | 146 |  |  |  | 10 |
Collateralized loan obligations |  |  |  | 28 |  |  |  | 29 |
High yield securities |  |  |  | 19 |  |  |  | 21 |
Foreign debt securities |  |  |  | 16 |  |  |  | — |
Term deposits |  |  |  | 9 |  |  |  | — |
Other trading securities |  |  |  | — |  |  |  | 6 |
Total trading short-term investments |  |  | $ | 1,336 |  |  | $ | 1,576 |
The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $(110) million, $146 million and $49 million for the years ended December 31, 2018, 2017 and 2016, respectively. Seaboard had $66 million of equity securities denominated in foreign currencies as of December 31, 2018, with $25 million in euros, $20 million in Japanese yen, $9 million in the British pound, $3 million in the Swiss franc and the remaining $9 million in various other currencies. Seaboard had $114 million of equity securities denominated in foreign currencies as of December 31, 2017, with $48 million in euros, $25 million in Japanese yen, $20 million in the British pound, $6 million in the Swiss franc and the remaining $15 million in various other currencies. Also, money market funds included $10 million and less than $1 million denominated in various foreign currencies as of December 31, 2018 and 2017, respectively. Term deposits are denominated in the West African franc. 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 consolidated balance sheets. See Note 10 for information on the types of trading securities held related to the deferred compensation plans. See Note 9 for a discussion of assets held in conjunction with investments related to Seaboard’s defined benefit pension plan.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
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