XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments in Marketable Securities (Tables)
 6 Months Ended
Sep. 30, 2016
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:

 

 

 

September 30, 2016

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

cost

 

 

gains

 

 

losses

 

 

value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

2,866

 

 

$

4

 

 

$

(1

)

 

$

2,869

 

Municipal debt securities

 

 

10

 

 

 

2

 

 

 

-

 

 

 

12

 

Certificates of deposit

 

 

855

 

 

 

-

 

 

 

-

 

 

 

855

 

Corporate debt securities

 

 

378

 

 

 

6

 

 

 

-

 

 

 

384

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency

 

 

52

 

 

 

2

 

 

 

-

 

 

 

54

 

Non-agency residential

 

 

2

 

 

 

1

 

 

 

-

 

 

 

3

 

Non-agency commercial

 

 

37

 

 

 

1

 

 

 

-

 

 

 

38

 

Asset-backed securities

 

 

35

 

 

 

-

 

 

 

(1

)

 

 

34

 

Equity instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term floating NAV fund II

 

 

60

 

 

 

-

 

 

 

-

 

 

 

60

 

U.S. government sector fund

 

 

396

 

 

 

14

 

 

 

-

 

 

 

410

 

Municipal sector fund

 

 

19

 

 

 

-

 

 

 

-

 

 

 

19

 

Investment grade corporate sector fund

 

 

271

 

 

 

12

 

 

 

-

 

 

 

283

 

High-yield sector fund

 

 

83

 

 

 

6

 

 

 

-

 

 

 

89

 

Real return sector fund

 

 

201

 

 

 

20

 

 

 

-

 

 

 

221

 

Mortgage sector fund

 

 

329

 

 

 

13

 

 

 

-

 

 

 

342

 

Asset-backed securities sector fund

 

 

117

 

 

 

10

 

 

 

-

 

 

 

127

 

Emerging market sector fund

 

 

102

 

 

 

5

 

 

 

-

 

 

 

107

 

International sector fund

 

 

135

 

 

 

-

 

 

 

-

 

 

 

135

 

Total return bond funds

 

 

382

 

 

 

16

 

 

 

-

 

 

 

398

 

Equity mutual fund

 

 

108

 

 

 

158

 

 

 

-

 

 

 

266

 

Total investments in marketable securities

 

$

6,438

 

 

$

270

 

 

$

(2

)

 

$

6,706

 

 

Note 3 – Investments in Marketable Securities (Continued)

 

 

 

March 31, 2016

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

cost

 

 

gains

 

 

losses

 

 

value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

2,833

 

 

$

3

 

 

$

(1

)

 

$

2,835

 

Municipal debt securities

 

 

10

 

 

 

1

 

 

 

-

 

 

 

11

 

Certificates of deposit

 

 

500

 

 

 

-

 

 

 

-

 

 

 

500

 

Commercial paper

 

 

50

 

 

 

-

 

 

 

-

 

 

 

50

 

Corporate debt securities

 

 

482

 

 

 

7

 

 

 

(2

)

 

 

487

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency

 

 

57

 

 

 

2

 

 

 

-

 

 

 

59

 

Non-agency residential

 

 

2

 

 

 

1

 

 

 

-

 

 

 

3

 

Non-agency commercial

 

 

42

 

 

 

1

 

 

 

(1

)

 

 

42

 

Asset-backed securities

 

 

38

 

 

 

-

 

 

 

(1

)

 

 

37

 

Equity instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term floating NAV fund II

 

 

178

 

 

 

-

 

 

 

-

 

 

 

178

 

U.S. government sector fund

 

 

353

 

 

 

6

 

 

 

(1

)

 

 

358

 

Municipal sector fund

 

 

19

 

 

 

-

 

 

 

-

 

 

 

19

 

Investment grade corporate sector fund

 

 

243

 

 

 

8

 

 

 

(5

)

 

 

246

 

High-yield sector fund

 

 

67

 

 

 

-

 

 

 

(1

)

 

 

66

 

Real return sector fund

 

 

201

 

 

 

11

 

 

 

-

 

 

 

212

 

Mortgage sector fund

 

 

297

 

 

 

5

 

 

 

-

 

 

 

302

 

Asset-backed securities sector fund

 

 

117

 

 

 

8

 

 

 

(1

)

 

 

124

 

Emerging market sector fund

 

 

101

 

 

 

1

 

 

 

-

 

 

 

102

 

International sector fund

 

 

145

 

 

 

-

 

 

 

(5

)

 

 

140

 

Total return bond funds

 

 

376

 

 

 

4

 

 

 

-

 

 

 

380

 

Equity mutual fund

 

 

162

 

 

 

227

 

 

 

-

 

 

 

389

 

Total investments in marketable securities

 

$

6,273

 

 

$

285

 

 

$

(18

)

 

$

6,540

 

 
Schedule of Realized Gains and Losses and Other-than-Temporary Impairment on Sales from AFS

The following table represents realized gains and losses and other-than-temporary impairment on our available-for-sale securities:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains on sales

 

$

80

 

 

$

14

 

 

$

93

 

 

$

26

 

Realized losses on sales

 

$

-

 

 

$

-

 

 

$

-

 

 

$

(1

)

Other-than-temporary impairment

 

$

(10

)

 

$

(35

)

 

$

(10

)

 

$

(35

)

 
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.

 

 

September 30, 2016

 

 

 

Amortized Cost

 

 

Fair Value

 

Available-for-sale debt instruments:

 

 

 

 

 

 

 

 

Due within 1 year

 

$

3,193

 

 

$

3,194

 

Due after 1 year through 5 years

 

 

729

 

 

 

732

 

Due after 5 years through 10 years

 

 

116

 

 

 

119

 

Due after 10 years

 

 

71

 

 

 

75

 

Mortgage-backed and asset-backed securities1

 

 

126

 

 

 

129

 

Total

 

$

4,235

 

 

$

4,249

 

 

1

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