Note 6—Marketable securities:

Our marketable securities consist of marketable equity and debt securities. Prior to 2018, any unrealized gains or losses on equity securities were recognized through other comprehensive income, net of deferred income taxes. Beginning on January 1, 2018 with the adoption of Accounting Standards Update (“ASU”) 2016-01, our marketable equity securities will continue to be carried at fair value as noted above, but any unrealized gains or losses on the securities are now recognized as a component of other income included in the securities transactions, net on our Condensed Consolidated Statements of Income. See Note 19.

	Market value		Cost basis		Unrealized losses, net
	(In millions)
December 31, 2017:
Current assets	$	3.0		3.0		—
Noncurrent assets:
The Amalgamated Sugar Company LLC	$	250.0		250.0		—
Other		5.7		5.9		(.2	)
Total	$	255.7		255.9		(.2	)
June 30, 2018:
Current assets	$	1.6		1.6		—
Noncurrent assets:
The Amalgamated Sugar Company LLC	$	250.0	$	250.0	$	—
Other		6.8		7.1		(.3	)
Total	$	256.8	$	257.1	$	(.3	)

All of our marketable securities are accounted for as available-for-sale, which are carried at fair value using quoted market prices, primarily Level 1 inputs as defined by ASC Topic 820, Fair Value Measurements and Disclosures, except for our investment in The Amalgamated Sugar Company LLC (“Amalgamated”). Our investment in Amalgamated is measured using significant unobservable inputs, which are Level 3 inputs. Please refer to Note 6 in our 2017 Annual Report for a complete description of the valuation methodology for our investment in Amalgamated. There have been no changes to the carrying value of this investment during the periods presented. See Note 18. Our other marketable securities, which consist of marketable equity and debt securities, are not material.

On May 30, 2018, we entered into an agreement with Snake River Sugar Company, an Oregon agricultural cooperative corporation that controls Amalgamated ("Snake River"), in which we agreed to sell our interest in Amalgamated for consideration consisting of $12.5 million in cash and the deemed payment in full of our $250 million in loans we owe Snake River (see Note 8). Closing of the sale is scheduled for August 31, 2018, or such other date as shall be agreed to by us and Snake River. Snake River's obligation to complete the closing of the sale is contingent on Snake River obtaining all required consents of the secured lenders of Snake River and Amalgamated and Snake River has agreed to work diligently and use commercially reasonable efforts to obtain such consents. Such consents have not yet been received, and accordingly there is no assurance that such sale will be completed and as such we have continued to classify our investment in Amalgamated as a noncurrent asset (and our $250 million in loans we owe Snake River as a noncurrent liability) at June 30, 2018.