Investments

3 Months Ended

Apr. 02, 2022

Investments

Investments

Note 2 – Investments

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

	April 2,		December 31,
(Millions of dollars)	2022		2021
Domestic equity securities	$	460	$	472
Domestic debt securities		452		542
Foreign equity securities		183		193
Foreign debt securities		138		133
Money market funds held in trading accounts		48		59
Other trading securities		14		17
Total trading short-term investments	$	1,295	$	1,416

The change in unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was ($42) million and $65 million for the three months ended April 2, 2022 and April 3, 2021, respectively.

Seaboard had $37 million and $46 million of short-term investments denominated in foreign currencies, primarily euros, as of April 2, 2022 and December 31, 2021, respectively.

As of April 2, 2022 and December 31, 2021, Seaboard had long-term investments of $160 million and $156 million, respectively, primarily in a business development company (“BDC”), real estate and renewable energy facilities. The BDC investment is included in the fair value hierarchy table in Note 6 and the other investments are primarily accounted for under the equity method of accounting. Long-term investments are classified in other non-current assets on the consolidated balance sheets.