jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Assets And Liabilities Measured At Fair Value (Tables)

v3.10.0.1
Assets And Liabilities Measured At Fair Value (Tables)
12 Months Ended
Dec. 31, 2018
Assets and Liabilities Measured at Fair Value Ìý
Assets and Liabilities Measured at Fair Value

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý2018

Ìý

DecemberÌý31,Ìý2017

Ìý

Ìý

ÌýÌýÌýÌý

Ìý

Ìý

ÌýÌýÌýÌý

QuotedÌýprices

ÌýÌýÌýÌý

SignificantÌýother

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

QuotedÌýprices

ÌýÌýÌýÌý

SignificantÌýother

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

inÌýactiveÌýmarkets

Ìý

observable

Ìý

Ìý

Ìý

inÌýactiveÌýmarkets

Ìý

observable

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

forÌýidenticalÌýassets

Ìý

inputs

Ìý

Ìý

Ìý

forÌýidenticalÌýassets

Ìý

inputs

Ìý

Description

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Cash equivalents

ÌýÌýÌýÌý

$

231

ÌýÌýÌýÌý

231

ÌýÌýÌýÌý

Ìý—

ÌýÌýÌýÌý

804

ÌýÌýÌýÌý

804

ÌýÌýÌýÌý

Ìý—

ÌýÌý

Debt and equity securities

Ìý

$

1,195

ÌýÌýÌýÌý

228

ÌýÌýÌýÌý

967

Ìý

1,047

ÌýÌýÌýÌý

467

ÌýÌýÌýÌý

580

Ìý

Financial instrument assets

Ìý

$

280

ÌýÌýÌýÌý

21

ÌýÌýÌýÌý

259

Ìý

369

ÌýÌýÌýÌý

19

ÌýÌýÌýÌý

350

Ìý

Debt

Ìý

$

2,487

ÌýÌýÌýÌý

Ìý—

ÌýÌýÌýÌý

2,487

Ìý

2,115

ÌýÌýÌýÌý

Ìý—

ÌýÌýÌýÌý

2,115

Ìý

Ìý

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 (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

YearsÌýendedÌýDecemberÌý31,

Ìý

Ìý

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Debt and equity securities

Ìý

$

Ìý2

Ìý

(36)

Ìý

112

Ìý

Debt measured at fair value (a)

Ìý

Ìý

130

Ìý

(126)

Ìý

(113)

Ìý

Change in fair value of bond hedges (b)

Ìý

Ìý

(94)

Ìý

72

Ìý

37

Ìý

Other derivatives

Ìý

Ìý

Ìý2

Ìý

Ìý2

Ìý

Ìý1

Ìý

Ìý

Ìý

$

40

Ìý

(88)

Ìý

37

Ìý


(a)

Changes in unrealized gains (losses) on debt measured at fair value are due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable.

Contemporaneously with the issuance of the 1.375% Cash Convertible Notes due 2023, Liberty entered into privately negotiated cash convertible note hedges, which are expected to offset potential cash payments Liberty would be required to make in excess of the principal amount of the convertible notes, upon conversion of the notes. The bond hedges are marked to market based on the trading price of underlying SeriesÌýA Liberty SiriusXM, Liberty Braves and Liberty Formula One securities and other observable market data as the significant inputs (LevelÌý2). See noteÌý10 for additional discussion of the convertible notes and the bond hedges