INVESTMENTS

Available for Sale Securities

The Company's available for sale securities totaled $20.0 million at December 27, 2014 and are reported in Investment securities. At June 28, 2014, available for sale securities totaled $20.7 million, of which $5.9 million are reported in Investment securities and $14.8 million are reported in Other non-current assets.

Net unrealized investment gains (losses) on available for sale securities were as follows (in millions):



	December 27, 2014			June 28, 2014
Equity securities, at cost less impairments	$	17.1		$	17.1
Gross unrealized gains	3.4			3.8
Gross unrealized losses	(0.5		)	(0.2		)
Estimated fair value of equity securities	$	20.0		$	20.7

The factors affecting the assessment of impairments include both general financial market conditions and factors specific to a particular company. The equity securities in a gross unrealized loss position at December 27, 2014 were in that position for less than 12 months.

Cost Method Investments

The Company's cost method investments totaled $8.4 million and $9.0 million at December 27, 2014 and June 28, 2014, respectively, and are included in Other non-current assets.

Equity Method Investments

The Company's equity method investments totaled $52.5 million and $57.4 million at December 27, 2014 and June 28, 2014, respectively, and are included in Other non-current assets. The Company recorded net losses of $3.1 million and $6.3 million during the three and six months ended December 27, 2014, respectively, and a net loss of $1.3 million during the three and six months ended December 28, 2013 for the Company's proportionate share of the equity method investment earnings or losses. The amounts are recorded in Other expense, net.