XML 39 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Investments in Marketable Securities (Tables)
 9 Months Ended
Dec. 31, 2015
Marketable Securities [Abstract]  
Summary of Investments in Marketable Securities

The amortized cost and estimated fair value of investments in marketable securities and related unrealized gains and losses were as follows:

 

 

 

December 31, 2015

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

cost

 

 

gains

 

 

losses

 

 

value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

4,126

 

 

$

1

 

 

$

(9

)

 

$

4,118

 

Municipal debt securities

 

 

10

 

 

 

1

 

 

 

-

 

 

 

11

 

Certificates of deposit

 

 

1,325

 

 

 

-

 

 

 

-

 

 

 

1,325

 

Commercial paper

 

 

175

 

 

 

-

 

 

 

-

 

 

 

175

 

Corporate debt securities

 

 

369

 

 

 

3

 

 

 

(4

)

 

 

368

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency

 

 

49

 

 

 

1

 

 

 

-

 

 

 

50

 

Non-agency residential

 

 

2

 

 

 

1

 

 

 

-

 

 

 

3

 

Non-agency commercial

 

 

42

 

 

 

1

 

 

 

(1

)

 

 

42

 

Asset-backed securities

 

 

37

 

 

 

-

 

 

 

(1

)

 

 

36

 

Equity instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term floating NAV fund II

 

 

180

 

 

 

-

 

 

 

-

 

 

 

180

 

U.S. government sector fund

 

 

259

 

 

 

-

 

 

 

(4

)

 

 

255

 

Municipal sector fund

 

 

19

 

 

 

-

 

 

 

-

 

 

 

19

 

Investment grade corporate sector fund

 

 

243

 

 

 

8

 

 

 

(7

)

 

 

244

 

High-yield sector fund

 

 

97

 

 

 

5

 

 

 

(1

)

 

 

101

 

Real return sector fund

 

 

225

 

 

 

-

 

 

 

(4

)

 

 

221

 

Mortgage sector fund

 

 

330

 

 

 

-

 

 

 

(3

)

 

 

327

 

Asset-backed securities sector fund

 

 

117

 

 

 

8

 

 

 

(1

)

 

 

124

 

Emerging market sector fund

 

 

101

 

 

 

-

 

 

 

(6

)

 

 

95

 

International sector fund

 

 

145

 

 

 

-

 

 

 

-

 

 

 

145

 

Equity mutual fund

 

 

169

 

 

 

233

 

 

 

-

 

 

 

402

 

Total investments in marketable securities

 

$

8,020

 

 

$

262

 

 

$

(41

)

 

$

8,241

 

 

Note 3 – Investments in Marketable Securities (Continued)

 

 

 

March 31, 2015

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

cost

 

 

gains

 

 

losses

 

 

value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

4,357

 

 

$

3

 

 

$

(1

)

 

$

4,359

 

Municipal debt securities

 

 

10

 

 

 

2

 

 

 

-

 

 

 

12

 

Certificates of deposit

 

 

175

 

 

 

-

 

 

 

-

 

 

 

175

 

Commercial paper

 

 

37

 

 

 

-

 

 

 

-

 

 

 

37

 

Corporate debt securities

 

 

138

 

 

 

7

 

 

 

-

 

 

 

145

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency

 

 

57

 

 

 

2

 

 

 

-

 

 

 

59

 

Non-agency residential

 

 

3

 

 

 

1

 

 

 

-

 

 

 

4

 

Non-agency commercial

 

 

43

 

 

 

1

 

 

 

-

 

 

 

44

 

Asset-backed securities

 

 

39

 

 

 

-

 

 

 

-

 

 

 

39

 

Equity instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term floating NAV fund II

 

 

148

 

 

 

-

 

 

 

-

 

 

 

148

 

Short-term sector fund

 

 

35

 

 

 

2

 

 

 

-

 

 

 

37

 

U.S. government sector fund

 

 

311

 

 

 

24

 

 

 

-

 

 

 

335

 

Municipal sector fund

 

 

19

 

 

 

1

 

 

 

-

 

 

 

20

 

Investment grade corporate sector fund

 

 

256

 

 

 

15

 

 

 

(3

)

 

 

268

 

High-yield sector fund

 

 

50

 

 

 

6

 

 

 

(1

)

 

 

55

 

Real return sector fund

 

 

235

 

 

 

-

 

 

 

(3

)

 

 

232

 

Mortgage sector fund

 

 

390

 

 

 

9

 

 

 

-

 

 

 

399

 

Asset-backed securities sector fund

 

 

63

 

 

 

9

 

 

 

-

 

 

 

72

 

Emerging market sector fund

 

 

73

 

 

 

-

 

 

 

(2

)

 

 

71

 

International sector fund

 

 

146

 

 

 

14

 

 

 

-

 

 

 

160

 

Equity mutual fund

 

 

190

 

 

 

270

 

 

 

-

 

 

 

460

 

Total investments in marketable securities

 

$

6,775

 

 

$

366

 

 

$

(10

)

 

$

7,131

 

 
Schedule of Realized Gains and Losses on Sales from AFS

The following table represents realized gains and losses by transaction type:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains on sales

 

$

16

 

 

$

11

 

 

$

42

 

 

$

55

 

Realized losses on sales

 

$

(1

)

 

$

-

 

 

$

(2

)

 

$

-

 

Other-than-temporary impairment

 

$

(15

)

 

$

-

 

 

$

(50

)

 

$

-

 

 
Summary of Contractual Maturities of Available-for-Sale Securities

The amortized cost, fair value, and contractual maturities of available-for-sale debt instruments are summarized in the following table.  Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations.

 

 

December 31, 2015

 

 

 

Amortized Cost

 

 

Fair Value

 

Available-for-sale debt instruments:

 

 

 

 

 

 

 

 

Due within 1 year

 

$

4,550

 

 

$

4,544

 

Due after 1 year through 5 years

 

 

1,281

 

 

 

1,278

 

Due after 5 years through 10 years

 

 

81

 

 

 

80

 

Due after 10 years

 

 

93

 

 

 

95

 

Mortgage-backed and asset-backed securities1

 

 

130

 

 

 

131

 

Total

 

$

6,135

 

 

$

6,128

 

 

1

Mortgage-backed and asset-backed securities are shown separately from other maturity groupings as these securities do not have a single maturity date.