Investments in equity securities as of September 30, 2017 and December 31, 2016 are summarized based on the primary industry of the investee in the table below (in millions).


	Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
September 30, 2017 *
Banks, insurance and finance	$	26,792	$	45,910	$	—		$	72,702
Consumer products		20,097		23,910		—			44,007
Commercial, industrial and other		29,290		12,398		(747	)		40,941

	$	76,179	$	82,218	$	(747	)	$	157,650

Approximately 62% of the aggregate fair value was concentrated in the equity securities of five companies: American Express Company - $13.7 billion, Apple Inc. - $21.3 billion, Bank of America Corporation - $17.7 billion, The Coca-Cola Company - $18.0 billion and Wells Fargo & Company - $26.9 billion.


	Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
December 31, 2016*
Banks, insurance and finance	$	19,852	$	30,572	$	—		$	50,424
Consumer products		10,657		16,760		(9	)		27,408
Commercial, industrial and other		35,868		9,033		(701	)		44,200

	$	66,377	$	56,365	$	(710	)	$	122,032

Approximately 62% of the aggregate fair value was concentrated in the equity securities of five companies: American Express Company - $11.2 billion, Apple Inc. - $7.1 billion, The Coca-Cola Company - $16.6 billion, International Business Machines Corporation - $13.5 billion and Wells Fargo & Company - $27.6 billion.

Investments in equity securities are reflected in our Consolidated Balance Sheets as follows (in millions).


	September 30, 2017		December 31, 2016
Insurance and other	$	151,639	$	120,471
Railroad, utilities and energy *		2,087		1,186
Finance and financial products *		3,924		375

	$	157,650	$	122,032

Included in other assets.