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Investments (Tables)
12 Months Ended
Dec. 31, 2018
Investments  
Summary of the estimated fair value of short-term investments classified as trading securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

2018

 

 

2017

 

 

    

    

Fair

    

    

Fair

 

(Millions of dollars)

 

 

Value

 

 

Value

 

Domestic equity securities

 

 

$

632

 

 

$

752

 

Domestic debt securities

 

 

 

268

 

 

 

439

 

Foreign equity securities

 

 

 

218

 

 

 

319

 

Money market funds held in trading accounts

 

 

 

146

 

 

 

10

 

Collateralized loan obligations

 

 

 

28

 

 

 

29

 

High yield securities

 

 

 

19

 

 

 

21

 

Foreign debt securities

 

 

 

16

 

 

 

 —

 

Term deposits

 

 

 

 9

 

 

 

 —

 

Other trading securities

 

 

 

 —

 

 

 

 6

 

Total trading short-term investments

 

 

$

1,336

 

 

$

1,576