Note 5-Cash and Short-Term Investments

(In millions)

Cost Basis

 

Unrealized
Gains

 

Unrealized Losses

 

Recorded
Basis

June 30, 2002

 

  

 

  

   

 

 

 

 

 

 

 

 

 

 

Cash and equivalents:

   

  

   

  

     

 

   

Cash

$    1,114

  

$             -

  

$             - 

 

$     1,114

Commercial paper

  260

  

  -

  

  - 

 

  260

Certificates of deposit

  31

  

  -

  

  - 

 

  31

Money market mutual funds

  714

  

  -

  

  - 

 

  714

Corporate notes and bonds

  560

  

  -

  

  - 

 

  560

Municipal securities

  337

  

  -

  

  - 

 

  337

Cash and equivalents

  3,016

  

  -

  

  - 

 

  3,016

 

 

 

 

 

 

 

 

Short-term investments:

   

  

   

  

     

 

   

Commercial paper

  552

  

  -

  

  - 

 

  552

U.S. government and agency securities

  8,745

  

  91

  

  (12)

 

  8,824

Corporate notes and bonds

 14,577

  

  255

  

  (241)

 

  14,591

Mortgage-backed securities

  6,226

  

  23

  

  (1)

 

  6,248

Municipal securities

  4,462

  

  86

  

  - 

 

  4,548

Certificates of deposit

  873

  

  -

  

  - 

 

  873

Short-term investments

  35,435

  

  455

  

  (254)

 

  35,636

Cash and short-term investments

$   38,451

  

$          455

  

$        (254)

 

$   38,652

 

(In millions)

Cost Basis

 

Unrealized
Gains

 

Unrealized Losses

 

Recorded
Basis

June 30, 2003

 

  

 

  

   

 

 

 

 

 

 

 

 

 

 

Cash and equivalents:

   

  

   

  

     

 

   

Cash

$    1,308

  

$             -

  

$             - 

 

$   1,308

Commercial paper

  774

  

  -

  

  - 

 

  774

U.S. government and agency securities

  1,889

  

  -

  

  - 

 

  1,889

Certificates of deposit

  28

  

  -

  

  - 

 

  28

Money market mutual funds

  1,263

  

  -

  

  - 

 

  1,263

Corporate notes and bonds

  744

  

  95

  

  (11)

 

  828

Municipal securities

  348

  

  -

  

  - 

 

  348

Cash and equivalents

  6,354

  

  95

  

  (11)

 

  6,438

 

 

 

 

 

 

 

 

Short-term investments:

   

  

   

  

     

 

   

Commercial paper

  100

  

  -

  

  - 

 

  100

U.S. government and agency securities

  5,316

  

  126

  

  (28)

 

  5,414

Foreign government bonds

  5,364

  

  79

  

  (16)

 

  5,427

Corporate notes and bonds

  15,440

  

  735

  

  (86)

 

  16,089

Mortgage-backed securities

  6,257

  

  65

  

  (3)

 

  6,319

Municipal securities

  8,733

  

  265

  

  (6)

 

  8,992

Certificates of deposit

  269

  

  -

  

  - 

 

  269

Short-term investments

 41,479

  

  1,270

  

  (139)

 

  42,610

Cash and short-term investments

$   47,833

  

$      1,365

  

$        (150)

 

$  49,048

 

Realized gains and (losses) from cash and short-term investments (excluding impairments) were $541 million and $(369) million in 2001, $816 million and $(558) million in 2002 and $1.42 billion and $(957) million in 2003.