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Investments
3 Months Ended
Mar. 30, 2019
Investments  
Investments

Note 2 – Investments

The following is a summary of the estimated fair value of short-term investments classified as trading securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 30,

 

December 31,

 

(Millions of dollars)

 

2019

 

2018

 

Domestic equity securities

 

$

714

 

$

632

 

Domestic debt securities

 

 

396

 

 

268

 

Foreign equity securities

 

 

222

 

 

218

 

High yield securities

 

 

65

 

 

19

 

Foreign debt securities

 

 

40

 

 

16

 

Collateralized loan obligations

 

 

27

 

 

28

 

Money market funds held in trading accounts

 

 

10

 

 

146

 

Term deposits

 

 

 9

 

 

 9

 

Other trading securities

 

 

 5

 

 

 —

 

Total trading short-term investments

 

$

1,488

 

$

1,336

 

The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $104 million and $(22) million for the three months ended March 30, 2019 and March 31, 2018, respectively.

Seaboard had $57 million of equity securities denominated in foreign currencies as of March 30, 2019, with $27 million in euros, $11 million in Japanese yen, $9 million in British pounds, $3 million in Swiss francs and the remaining $7 million in various other currencies. As of December 31, 2018, Seaboard had $66 million of equity securities denominated in foreign currencies, with $25 million in euros, $20 million in Japanese yen, $9 million in British pounds, $3 million in Swiss francs and the remaining $9 million in various other currencies. Also, money market funds included less than $1 million and $10 million denominated in various foreign currencies as of March 30, 2019 and December 31, 2018, respectively. Term deposits are denominated in the West African franc.