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Form 10-K
Part I
Item 1
Item 2
Item 3
Item 4
Part II
Item 5
Item 6
Item 7
Item 7a
Item 8
Item 9
Item 9a
Part III
Item 10
Item 11
Item 12
Item 13
Item 14
Part IV
Item 15
MDA
Financial Statements
Income
Balance
Cash Flows
Stockholders' Equity
Notes
Directors and Officers
Marketing Locations
Investor Relations
Proxy Statement
Accounting Policies
Stock Split
Accounting Changes
Unearned Revenue
Cash and Short-Term Investments
Inventories
Property and Equipment
Equity and Other Investments
Goodwill
Intangible Assets
Derivatives
Investment Income/(Loss)
Income Taxes
Stockholders' Equity
Other Comprehensive Income
Employee Stock and Savings Plans
Earnings Per Share
Acquisitions
Commitments and Guarantees
Contingencies
Segment Information


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.

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