Investments

9 Months Ended

Oct. 02, 2021

Investments

Investments

Note 2 – Investments

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

	October 2,		December 31,
(Millions of dollars)	2021		2020
Domestic debt securities	$	724	$	496
Domestic equity securities		446		702
Foreign equity securities		192		133
Foreign debt securities		124		68
Money market funds held in trading accounts		9		47
Other trading securities		21		19
Total trading short-term investments	$	1,516	$	1,465

The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was ($9) million and $7 million for the three and nine months ended October 2, 2021, respectively, and $53 million and ($45) million for the three and nine months ended September 26, 2020, respectively.

Seaboard had $51 million and $29 million of short-term investments denominated in foreign currencies, primarily euros, as of October 2, 2021 and December 31, 2020, respectively.

Seaboard had long-term investments of $144 million and $87 million as of October 2, 2021 and December 31, 2020, respectively, primarily in a business development company (“BDC”), renewable energy facilities and real estate, primarily accounted for under the equity method of accounting. The BDC investment is included in the fair value hierarchy table in Note 6. Long-term investments are classified in other non-current assets on the consolidated balance sheets.