Quarterly report pursuant to Section 13 or 15(d)

Investments In Available-For-Sale Securities And Other Cost Investments

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Investments In Available-For-Sale Securities And Other Cost Investments
6 Months Ended
Jun. 30, 2017
Investments In Available-For-Sale Securities And Other Cost Investments  
Investments in available-for-sale securities and other cost investments

(7)   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 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"). Liberty has historically 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 Liberty's statements 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, Liberty elected the fair value option for those of its AFS securities which it considered 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, the majority of which are considered Fair Value Option Securities, and other cost investments are summarized as follows:

 

 

 

 

 

 

 

 

 

    

June 30,

    

December 31,

 

 

 

2017

 

2016

 

 

 

amounts in millions

 

QVC Group

 

 

 

 

 

 

Other investments

 

$

 3

 

 4

 

Total attributed QVC Group

 

 

 3

 

 4

 

Ventures Group

 

 

 

 

 

 

Charter

 

 

1,805

 

1,543

 

ILG

 

 

457

 

302

 

Other investments

 

 

82

 

73

 

Total attributed Ventures Group

 

 

2,344

 

1,918

 

Consolidated Liberty

 

$

2,347

 

1,922