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Fair Value (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Level 1

 

Level 2

 

Level 3

Investments in equity securities

$

137 

 

$

137 

 

$

 -

 

$

 -

Available-for-sale securities

 

93 

 

 

 -

 

 

93 

 

 

 -

Trading securities

 

11 

 

 

 -

 

 

11 

 

 

 -

Fair value of interest rate swap agreements

 

 

 

 -

 

 

 

 

 -

Total assets

$

244 

 

$

137 

 

$

107 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

Contingent Value Right (CVR)

$

 -

 

$

 -

 

$

 -

 

$

 -

Fair value of interest rate swap agreements

 

 

 

 -

 

 

 

 

 -

Total liabilities

$

 

$

 -

 

$

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

Level 1

 

Level 2

 

Level 3

Available-for-sale securities

$

252 

 

$

132 

 

$

120 

 

$

 -

Trading securities

 

37 

 

 

37 

 

 

 -

 

 

 -

Fair value of interest rate swap agreements

 

 

 

 -

 

 

 

 

 -

Total assets

$

290 

 

$

169 

 

$

121 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

Contingent Value Right (CVR)

$

 

$

 

$

 -

 

$

 -

CVR-related liability

 

256 

 

 

 -

 

 

 -

 

 

256 

Fair value of interest rate swap agreements

 

18 

 

 

 -

 

 

18 

 

 

 -

Total liabilities

$

276 

 

$

 

$

18 

 

$

256 



Available-for-sale Securities



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Gross

 

Gross

 

Estimated



Amortized

 

Unrealized

 

Unrealized

 

Fair



Cost

 

Gains

 

Losses

 

Values

As of December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

Debt securities

 

 

 

 

 

 

 

 

 

 

 

Government

$

54 

 

$

 -

 

$

(3)

 

$

51 

Corporate

 

34 

 

 

 -

 

 

(2)

 

 

32 

Mortgage and asset-backed securities

 

10 

 

 

 -

 

 

 -

 

 

10 

Totals

$

98 

 

$

 -

 

$

(5)

 

$

93 



 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Gross

 

Gross

 

Estimated



Amortized

 

Unrealized

 

Unrealized

 

Fair



Cost

 

Gains

 

Losses

 

Values

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

Debt securities and debt-based mutual funds

 

 

 

 

 

 

 

 

 

 

 

Government and corporate

$

189 

 

$

 -

 

$

(4)

 

$

185 

Equity securities and equity-based mutual funds

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

51 

 

 

10 

 

 

 -

 

 

61 

International

 

 

 

 

 

 -

 

 

Totals

$

245 

 

$

11 

 

$

(4)

 

$

252 



 

 

 

 

 

 

 

 

 

 

 



Contractual Maturities of Debt Securities



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



December 31, 2018

 

December 31, 2017



Amortized

 

Estimated

 

Amortized

 

Estimated



Cost

 

Fair Values

 

Cost

 

Fair Values

Within 1 year

$

14 

 

$

14 

 

$

 

$

After 1 year and through year 5

 

20 

 

 

19 

 

 

46 

 

 

46 

After 5 years and through year 10

 

25 

 

 

24 

 

 

32 

 

 

31 

After 10 years

 

39 

 

 

36 

 

 

41 

 

 

40 



 

 

 

 

 

 

 

 

 

 

 



Gross Realized Gains and Losses and Investment Income on Available-for-sale Securities



 

 

 

 

 

 

 

 



Year Ended December 31,



2018

 

2017

 

2016

Realized gains

$

 -

 

$

 

$

28 

Realized losses

 

 -

 

 

(2)

 

 

(6)



 

 

 

 

 

 

 

 



Net Gains and Losses Recognized for Investments in Equity Securities



 

 



 

 



Year Ended



December 31,



2018

Net gains and (losses) recognized during the year on equity securities

$

(7)

Less: Net gains and (losses) recognized during

 

 

the year on equity securities sold during the year

 

Unrealized gains and (losses) recognized during the

 

 

year on equity securities held at December 31, 2018

$

(8)