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Annual report pursuant to Section 13 and 15(d)

Assets And Liabilities Measured At Fair Value

v3.8.0.1
Assets And Liabilities Measured At Fair Value
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract] Ìý
Assets And Liabilities Measured At Fair Value

(7)ÌýÌýAssets and Liabilities Measured at Fair Value

For assets and liabilities required to be reported at fair value, GAAP provides a hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three broad levels. LevelÌý1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. LevelÌý2 inputs, other than quoted market prices included within LevelÌý1, are observable for the asset or liability, either directly or indirectly. LevelÌý3 inputs are unobservable inputs for the asset or liability.ÌýÌýThe Company does not have any recurring assets or liabilities measured at fair value that would be considered Level 3.

The Company's assets and liabilities measured at fair value are as follows:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý2017

Ìý

DecemberÌý31,Ìý2016

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

QuotedÌýprices

Ìý

Ìý

Ìý

Ìý

Ìý

QuotedÌýprices

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

inÌýactiveÌý

Ìý

Significant

Ìý

Ìý

Ìý

inÌýactive

Ìý

Significant

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

markets

Ìý

other

Ìý

Ìý

Ìý

markets

Ìý

other

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

forÌýidentical

Ìý

observable

Ìý

Ìý

Ìý

forÌýidentical

Ìý

observable

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

assets

Ìý

inputs

Ìý

Ìý

Ìý

assets

Ìý

inputs

Ìý

Description

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Ìý

Ìý

ÌýamountsÌýinÌýmillions

Ìý

Cash equivalents

ÌýÌýÌýÌý

$

655

ÌýÌýÌýÌý

655

ÌýÌýÌýÌý

Ìý—

ÌýÌýÌýÌý

625

ÌýÌýÌýÌý

625

ÌýÌýÌýÌý

Ìý—

Ìý

Available-for-sale securities

Ìý

$

2,275

Ìý

2,275

Ìý

Ìý—

Ìý

1,846

Ìý

1,846

Ìý

Ìý—

Ìý

Investment in Liberty Broadband

Ìý

$

3,635

Ìý

3,635

Ìý

Ìý—

Ìý

3,161

Ìý

3,161

Ìý

Ìý—

Ìý

Debt

Ìý

$

1,846

Ìý

Ìý—

Ìý

1,846

Ìý

1,667

Ìý

Ìý—

Ìý

1,667

Ìý

Ìý

The majority of the Company's LevelÌý2 financial assets and liabilities are debt instruments with quoted market prices that are not considered to be traded on "active markets," as defined in GAAP. Accordingly, the debt instruments are reported in the foregoing table as LevelÌý2 fair value.

Realized and Unrealized Gains (Losses) on Financial Instruments

Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

YearsÌýendedÌýDecemberÌý31,

Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

ÌýÌýÌýÌý

2015

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Fair Value Option Securities - AFS

Ìý

$

434

Ìý

723

Ìý

84

Ìý

Fair Value Option Securities - Liberty Broadband

Ìý

Ìý

473

Ìý

761

Ìý

NA

Ìý

Exchangeable senior debentures

Ìý

Ìý

(193)

Ìý

(308)

Ìý

30

Ìý

Other financial instruments

Ìý

Ìý

(96)

Ìý

(1)

Ìý

Ìý—

Ìý

Ìý

Ìý

$

618

Ìý

1,175

Ìý

114

Ìý

Ìý