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v3.23.2

Investments | 6 Months Ended
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Jul. 01, 2023
Investments |
Investments | Note 2 – Investments The following is a summary of the estimated fair value of short-term investments classified as trading securities: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | July 1, | ​ | December 31, |
(Millions of dollars) |  | 2023 | ​ | 2022 |
Domestic debt securities | ​ | $ | 472 | ​ | $ | 399 | ​
Domestic equity securities | ​ | ​ | 361 | ​ | ​ | 433 | ​
Foreign equity securities | ​ |  | 174 | ​ |  | 169 | ​
Money market funds held in trading accounts | ​ | ​ | 117 | ​ | ​ | 12 | ​
Foreign debt securities | ​ | ​ | 98 | ​ | ​ | 66 | ​
Other trading securities | ​ | ​ | 3 | ​ | ​ | 7 | ​
Total trading short-term investments | ​ | $ | 1,225 | ​ | $ | 1,086 | ​
​ The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $21 million and $53 million for the three- and six-months ended July 1, 2023, respectively, and ($110) million and ($150) million for the three- and six-months ended July 2, 2022, respectively. Seaboard had $20 million and $16 million of short-term investments denominated in foreign currencies, primarily euros, as of July 1, 2023 and December 31, 2022, respectively. As of July 1, 2023 and December 31, 2022, Seaboard had long-term investments of $188 million and $185 million, primarily in a business development company (“BDC”), real estate and renewable energy facilities. The BDC investment is included in the fair value hierarchy table in Note 5 and the other investments are primarily accounted for under the equity method of accounting. Long-term investments are classified in other non-current assets on the consolidated balance sheets.

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