Note 2 – Investments

The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at July 2, 2016 and December 31, 2015.



	July 2, 2016				December 31, 2015
	Amortized		Fair		Amortized		Fair
(Millions of dollars)	Cost		Value		Cost		Value
Money market funds	$	2	$	2	$	81	$	81
Total available-for-sale short-term investments		2		2		81		81
Domestic equity securities		474		484		475		466
Domestic debt securities		396		398		452		450
Foreign equity securities		132		125		120		120
High yield debt securities		108		107		108		104
Collateralized loan obligations		14		13		10		10
Money market funds held in trading accounts		13		13		22		22
Other trading securities		1		1		1		1
Total trading short-term investments		1,138		1,141		1,188		1,173
Total short-term investments	$	1,140	$	1,143	$	1,269	$	1,254

Seaboard had $76 million of equity securities denominated in foreign currencies at July 2, 2016, with $23 million in euros, $17 million in Japanese yen, $14 million in British pounds, $6 million in Swiss francs and the remaining $16 million in various other currencies. At December 31, 2015, Seaboard had $80 million of equity securities denominated in foreign currencies, with $25 million in euros, $20 million in Japanese yen, $15 million in British pounds, $7 million in Swiss francs and the remaining $13 million in various other currencies. Also, money market funds included $2 million and $3 million denominated in various foreign currencies at July 2, 2016, and December 31, 2015, respectively.

Unrealized gains (losses) related to trading securities were $9 million and $13 million for the three and six months ended July 2, 2016, respectively, and $(2) million and $3 million for the three and six months ended July 4, 2015, respectively.

In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets in the Condensed Consolidated Balance Sheets. See Note 5 to the Condensed Consolidated Financial Statements for information on the types of trading securities held related to the deferred compensation plans.