— 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 |
| | $ | — |
| | $ | — |
|
____________________ | | (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. |