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Annual report pursuant to Section 13 and 15(d)

Assets And Liabilities Measured At Fair Value (Tables)

v3.19.3.a.u2
Assets And Liabilities Measured At Fair Value (Tables)
12 Months Ended
Dec. 31, 2019
Assets and Liabilities Measured at Fair Value

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¶Ù±ð³¦±ð³¾²ú±ð°ùÌý31,Ìý2019

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¶Ù±ð³¦±ð³¾²ú±ð°ùÌý31,Ìý2018

Ìý

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ÌýÌýÌýÌý

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ÌýÌýÌýÌý

QuotedÌýprices

ÌýÌýÌýÌý

SignificantÌýother

ÌýÌýÌýÌý

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ÌýÌýÌýÌý

QuotedÌýprices

ÌýÌýÌýÌý

SignificantÌýother

Ìý

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inÌýactiveÌýmarkets

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observable

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inÌýactiveÌýmarkets

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observable

Ìý

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forÌýidenticalÌýassets

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inputs

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forÌýidenticalÌýassets

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inputs

Ìý

Description

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Total

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(LevelÌý1)

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(LevelÌý2)

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Total

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(LevelÌý1)

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(LevelÌý2)

Ìý

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amountsÌýinÌýmillions

Ìý

Cash equivalents

ÌýÌýÌýÌý

$

992

ÌýÌýÌýÌý

992

ÌýÌýÌýÌý

—

ÌýÌýÌýÌý

231

ÌýÌýÌýÌý

231

ÌýÌýÌýÌý

—

ÌýÌý

Debt and equity securities

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$

353

ÌýÌýÌýÌý

242

ÌýÌýÌýÌý

111

Ìý

1,195

ÌýÌýÌýÌý

228

ÌýÌýÌýÌý

967

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Financial instrument assets

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$

498

ÌýÌýÌýÌý

29

ÌýÌýÌýÌý

469

Ìý

280

ÌýÌýÌýÌý

21

ÌýÌýÌýÌý

259

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Debt

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$

3,678

ÌýÌýÌýÌý

—

ÌýÌýÌýÌý

3,678

Ìý

2,487

ÌýÌýÌýÌý

—

ÌýÌýÌýÌý

2,487

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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):

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YearsÌýendedÌýDecemberÌý31,

Ìý

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ÌýÌýÌýÌý

2019

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

Ìý

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Ìý

Debt and equity securities

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$

110

Ìý

2

Ìý

(36)

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Debt measured at fair value (a)

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Ìý

(584)

Ìý

130

Ìý

(126)

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Change in fair value of bond hedges (b)

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215

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(94)

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72

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Other derivatives

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Ìý

(56)

Ìý

2

Ìý

2

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$

(315)

Ìý

40

Ìý

(88)

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(a) Changes in unrealized gains (losses) on debt measured at fair value, exclusive of changes related to instrument specific credit risk which is presented in other comprehensive income, are due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable.
(b) 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 noteÌý9 for additional discussion of the convertible notes and the bond hedges.