Investments

9 Months Ended

Sep. 28, 2019

Investments

Investments

​

Note 2 – Investments

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

	September 28,		December 31,
(Millions of dollars)	2019		2018
Domestic equity securities	$	669	$	632
Domestic debt securities		413		268
Foreign equity securities		191		218
High yield securities		57		19
Foreign debt securities		39		16
Collateralized loan obligations		27		28
Money market funds held in trading securities		13		146
Term deposits		4		9
Other trading securities		5		—
Total trading short-term investments	$	1,418	$	1,336

The change in unrealized gains related to trading securities still held at the end of the respective reporting period was $2 million and $124 million for the three and nine months ended September 28, 2019, respectively, and $37 million and $15 million for the three and nine months ended September 29, 2018, respectively.

Seaboard had $57 million of equity securities denominated in foreign currencies as of September 28, 2019, with $29 million in euros, $11 million in Japanese yen, $8 million in British pounds, $3 million in Swiss francs and the remaining $6 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 $2 million and $10 million denominated in various foreign currencies as of September 28, 2019 and December 31, 2018, respectively. Term deposits are denominated in the West African franc.