Investments

12 Months Ended

Dec. 31, 2020

Investments

Investments

Note 3 - Investments

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

		December 31,
(Millions of dollars)	2020		2019
Domestic equity securities	$	702	$	706
Domestic debt securities		496		460
Foreign equity securities		133		189
Foreign debt securities		68		48
Money market funds held in trading accounts		47		12
Other trading securities		19		19
Total trading short-term investments	$	1,465	$	1,434

The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $74 million, $176 million and ($110) million for the years ended December 31, 2020, 2019 and 2018, respectively.

Seaboard had $1 million of equity securities denominated in foreign currencies as of December 31, 2020, and $62 million of equity securities denominated in foreign currencies as of December 31, 2019, with $32 million in euros, $12 million in Japanese yen, $8 million in the British pound and the remaining $10 million in various other currencies. Seaboard had $28 million and $13 million of debt securities denominated in euros as of December 31, 2020 and 2019, 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 consolidated balance sheets. See Note 11 for information on the types of trading securities held related to the deferred compensation plans. See Note 10 for a discussion of assets held in conjunction with investments related to Seaboard’s defined benefit pension plans.