— INVESTMENTS

The following table summarizes, by major security type, the carrying value and amortized cost of the Company's investments. All debt security investments with remaining maturities in excess of one year and substantially all equity and other securities are recorded as long-term investments in the Condensed Consolidated Statements of Financial Position.



	October 28, 2016									January 29, 2016
	Carrying Value		Cost		Unrealized Gain		Unrealized (Loss)			Carrying Value		Cost		Unrealized Gain		Unrealized (Loss)
	(in millions)
Investments:
U.S. government and agencies	$	186	$	186	$	—	$	—		$	—	$	—	$	—	$	—
U.S. corporate debt securities	550		550		—		—			—		—		—		—
Foreign debt securities	755		755		—		—			—		—		—		—
Municipal obligations	366		366		—		—			—		—		—		—
Total short-term investments	1,857		1,857		—		—			—		—		—		—
U.S. government and agencies	813		815		—		(2		)	—		—		—		—
U.S. corporate debt securities	1,396		1,401		—		(5		)	—		—		—		—
Foreign debt securities	1,446		1,451		—		(5		)	—		—		—		—
Municipal obligations	16		16		—		—			—		—		—		—
Asset-backed securities	4		4		—		—			—		—		—		—
Equity and other securities (a)	610		602		8		—			114		114		—		—
Total long-term investments	4,285		4,289		8		(12		)	114		114		—		—
Total investments	$	6,142	$	6,146	$	8	$	(12	)	$	114	$	114	$	—	$	—

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(a)	The majority of equity and other securities are investments accounted for under the cost method, while the remainder are investments that are measured at fair value on a recurring basis. See Note 5 of the Notes to the Unaudited Condensed Consolidated Financial Statements for additional information on investments measured at fair value on a recurring basis.

The Company's investments in debt securities are classified as available-for-sale securities, which are carried at fair value. As of October 28, 2016, all investments in an unrealized loss position have been in a continuous unrealized loss position for less than 12 months.

The contractual maturities of debt securities held at October 28, 2016 are as follows:



	Carrying Value		Amortized Cost
	(in millions)
Due within one year	$	1,721	$	1,721
Due after 1 year through 5 years	3,441		3,451
Due after 5 years through 10 years	117		118
Due after 10 years	253		254
Total	$	5,532	$	5,544

Short-term investments on the Condensed Consolidated Statements of Financial Position includes $136 million in variable rate notes which have contractual maturities ranging from 2021 through 2048, and are not classified within investments due within one year above.