v3.26.1
Investments
6 Months Ended
Jul. 04, 2026
Investments  
Investments

Note 2 – Investments

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

July 4,

December 31,

 

(Millions of dollars)

  ​ ​ ​

2026

2025

 

Domestic equity securities (a)

$

717

$

713

Foreign equity securities

 

169

 

145

Domestic fixed-income mutual funds

143

136

Foreign fixed-income mutual funds

14

26

Domestic debt securities - other

18

25

Money market funds held in trading accounts

1

7

Total short-term investments

$

1,062

$

1,052

(a)Includes $343 million and $382 million of equity interests in private funds that hold debt securities as of July 4, 2026 and December 31, 2025, respectively.

The unrealized gains related to trading securities still held at the end of the respective reporting periods were $59 million and $54 million for the three and six months ended July 4, 2026, respectively, and $36 million and $24 million for the three and six months ended June 28, 2025, respectively.