Investments in an unrealized loss position that are not other-than-temporarily impaired: | ||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Less than 12 months 1 | 12 months or more 1 | Total | ||||||||||||||||||||||
(Millions of dollars) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||
Corporate bonds | $ | 159 | $ | 2 | $ | 1 | $ | — | $ | 160 | $ | 2 | ||||||||||||
Asset-backed securities | 6 | — | 20 | 1 | 26 | 1 | ||||||||||||||||||
Mortgage-backed debt securities | ||||||||||||||||||||||||
U.S. governmental agency | 140 | 4 | 65 | 2 | 205 | 6 | ||||||||||||||||||
Total | $ | 305 | $ | 6 | $ | 86 | $ | 3 | $ | 391 | $ | 9 | ||||||||||||
1 | Indicates length of time that individual securities have been in a continuous unrealized loss position. |
Investments in an unrealized loss position that are not other-than-temporarily impaired: | ||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||
Less than 12 months 1 | 12 months or more 1 | Total | ||||||||||||||||||||||
(Millions of dollars) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||
Asset-backed securities | $ | — | $ | — | $ | 20 | $ | 3 | $ | 20 | $ | 3 | ||||||||||||
Mortgage-backed debt securities | ||||||||||||||||||||||||
U.S. governmental agency | 84 | 1 | 15 | — | 99 | 1 | ||||||||||||||||||
Residential | — | — | 14 | 1 | 14 | 1 | ||||||||||||||||||
Equity securities | ||||||||||||||||||||||||
Large capitalization value | 25 | 2 | 10 | 1 | 35 | 3 | ||||||||||||||||||
Total | $ | 109 | $ | 3 | $ | 59 | $ | 5 | $ | 168 | $ | 8 | ||||||||||||
1 | Indicates length of time that individual securities have been in a continuous unrealized loss position. |
Investments in an unrealized loss position that are not other-than-temporarily impaired: | ||||||||||||||||||||||||
December 31, 2011 | ||||||||||||||||||||||||
Less than 12 months 1 | 12 months or more 1 | Total | ||||||||||||||||||||||
(Millions of dollars) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||
Corporate bonds | $ | 54 | $ | 1 | $ | 1 | $ | — | $ | 55 | $ | 1 | ||||||||||||
Asset-backed securities | 1 | — | 20 | 5 | 21 | 5 | ||||||||||||||||||
Mortgage-backed debt securities | ||||||||||||||||||||||||
U.S. governmental agency | 51 | 1 | — | — | 51 | 1 | ||||||||||||||||||
Residential | 3 | — | 18 | 3 | 21 | 3 | ||||||||||||||||||
Commercial | 15 | — | 8 | 1 | 23 | 1 | ||||||||||||||||||
Equity securities | ||||||||||||||||||||||||
Large capitalization value | 36 | 5 | 6 | 1 | 42 | 6 | ||||||||||||||||||
Smaller company growth | 4 | 1 | — | — | 4 | 1 | ||||||||||||||||||
Total | $ | 164 | $ | 8 | $ | 53 | $ | 10 | $ | 217 | $ | 18 | ||||||||||||
1 | Indicates length of time that individual securities have been in a continuous unrealized loss position. |