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Quarterly report pursuant to Section 13 or 15(d)

Investments In Available-For-Sale Securities And Other Cost Investments Investments In Available-For-Sale Securities And Other Cost Investments (Notes)

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Investments In Available-For-Sale Securities And Other Cost Investments Investments In Available-For-Sale Securities And Other Cost Investments (Notes)
6 Months Ended
Jun. 30, 2014
Investments in Available-for-Sale Securities and Other Cost Investments [Abstract] Ìý
Investments in Available-for-Sale Securities and Other Cost Investments
Investments in Available-for-Sale Securities and Other Cost Investments
All marketable equity and debt securities held by the Company are classified as available-for-sale ("AFS") and are carried at fair value generally based on quoted market prices. GAAP permits entities to choose to measure many financial instruments, such as AFS securities, and certain other items at fair value and to recognize the changes in fair value of such instruments in the entity's statement of operations (the "fair value option"). The Company previously entered into economic hedges for certain of its non-strategic AFS securities (although such instruments were not accounted for as fair value hedges by the Company). Changes in the fair value of these economic hedges were reflected in the Company's statement of operations as unrealized gains (losses). In order to better match the changes in fair value of the subject AFS securities and the changes in fair value of the corresponding economic hedges in the Company's financial statements, the Company elected the fair value option for those of its AFS securities which it considers to be non-strategic ("Fair Value Option Securities"). Accordingly, changes in the fair value of Fair Value Option Securities, as determined by quoted market prices, are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations.
Investments in AFS securities, including Fair Value Option Securities separately aggregated, and other cost investments are summarized as follows:
Ìý
JuneÌý30,
2014
Ìý
DecemberÌý31,
2013
Ìý
amounts in millions
Fair Value Option Securities
Ìý
Ìý
Ìý
ÌýÌýTime Warner,ÌýInc. (a)
$
299

Ìý
297

ÌýÌýTime Warner Cable,ÌýInc. (a)
348

Ìý
320

ÌýÌýViacom,ÌýInc.Ìý(a)
315

Ìý
317

ÌýÌýBarnes & Noble, Inc. (b)
27

Ìý
255

ÌýÌýOther equity securities
51

Ìý
37

ÌýÌýOther debt securities
27

Ìý
27

ÌýÌýÌýÌýÌýÌýTotal Fair Value Option Securities
1,067

Ìý
1,253

AFS and cost investments
Ìý
Ìý
Ìý
ÌýÌýLive Nation Entertainment, Inc. ("Live Nation") debt securities
24

Ìý
24

ÌýÌýÌýÌýOther AFS and cost investments
38

Ìý
47

ÌýÌýÌýÌýÌýÌýTotal AFS and cost investments
62

Ìý
71

Ìý
$
1,129

Ìý
1,324


(a)
See note 8 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of JuneÌý30, 2014.
(b)
In April 2014 Liberty reduced its overall ownership interest in Barnes & Noble, Inc. to less than 2% through the sale of approximately 90% of the preferred stock held by Liberty as of such date for $247 million in proceeds.

Unrealized Holding Gains and Losses
Unrealized holding gains and losses related to investments in AFS securities are summarized below.
Ìý
JuneÌý30, 2014
Ìý
DecemberÌý31, 2013
Ìý
Equity
securities
Ìý
Debt
securities
Ìý
Equity
securities
Ìý
Debt
securities
Ìý
amounts in millions
Gross unrealized holding gains
$
2

Ìý
—

Ìý
6

Ìý
1

Gross unrealized holding losses
$
—

Ìý
—

Ìý
—

Ìý
—