Investments

9 Months Ended

Sep. 30, 2023

Investments

Investments

Note 2 – Investments

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

	September 30,		December 31,
(Millions of dollars)	2023		2022
Domestic equity securities	$	131	$	433
Foreign equity securities		89		169
Domestic debt securities		450		399
Foreign debt securities		100		66
Money market funds held in trading accounts		359		12
Other trading securities		5		7
Total trading short-term investments	$	1,134	$	1,086

The unrealized gain (loss) related to trading securities still held at the end of the respective reporting period was ($45) million and ($37) million for the three- and nine-month periods ended September 30, 2023, respectively, and ($65) million and ($220) million for the three- and nine-month periods ended October 1, 2022, respectively. Seaboard had $15 million and $16 million of short-term investments denominated in foreign currencies, primarily euros, as of September 30, 2023 and December 31, 2022, respectively.

As of September 30, 2023 and December 31, 2022, Seaboard had long-term investments of $191 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.