Investments

12 Months Ended

Dec. 31, 2023

Investments

Investments

Note 2 − Investments

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

		December 31,
(Millions of dollars)	2023		2022
Domestic equity securities	$	143	$	433
Foreign equity securities		96		169
Domestic debt securities		593		399
Foreign debt securities		120		66
Money market funds held in trading accounts		17		12
Other trading securities		4		7
Total trading short-term investments	$	973	$	1,086

The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $39 million, ($129) million and $12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $18 million and $16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively.

Seaboard had long-term investments of $207 million and $185 million as of December 31, 2023 and 2022, 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).