Investments

12 Months Ended

Dec. 31, 2022

Investments

Investments

Note 2 − Investments

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

		December 31,
(Millions of dollars)	2022		2021
Domestic equity securities	$	433	$	472
Domestic debt securities		399		542
Foreign equity securities		169		193
Foreign debt securities		66		133
Money market funds held in trading accounts		12		59
Other trading securities		7		17
Total trading short-term investments	$	1,086	$	1,416

The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was ($129) million, $12 million and $74 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Seaboard had $16 million and $46 million of short-term investments denominated in foreign currencies as of December 31, 2022 and 2021, respectively.

Seaboard had long-term investments of $185 million and $156 million as of December 31, 2022 and 2021, respectively, classified in other non-current assets on the consolidated balance sheets. These investments are 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 10 and the other investments are primarily accounted for under the equity method of accounting with any gains (losses) recorded in other investment income (loss).