Investments

6 Months Ended

Jul. 01, 2023

Investments

Investments

Note 2 – Investments

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

	July 1,		December 31,
(Millions of dollars)	2023		2022
Domestic debt securities	$	472	$	399
Domestic equity securities		361		433
Foreign equity securities		174		169
Money market funds held in trading accounts		117		12
Foreign debt securities		98		66
Other trading securities		3		7
Total trading short-term investments	$	1,225	$	1,086

The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period was $21 million and $53 million for the three- and six-months ended July 1, 2023, respectively, and ($110) million and ($150) million for the three- and six-months ended July 2, 2022, respectively.

Seaboard had $20 million and $16 million of short-term investments denominated in foreign currencies, primarily euros, as of July 1, 2023 and December 31, 2022, respectively.

As of July 1, 2023 and December 31, 2022, Seaboard had long-term investments of $188 million and $185 million, 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 5 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.