Quarterly report pursuant to Section 13 or 15(d)

Available-For-Sale Investments

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Available-For-Sale Investments
6 Months Ended
Dec. 31, 2012
Available-For-Sale Investments

B. Available-For-Sale Investments:

The Company’s available-for-sale investments at December 31, 2012 and June 30, 2012 are carried at fair value and are valued using quoted market prices in active markets (Level 1 input) for identical assets and liabilities. The fair value of the Company’s available-for-sale investments at December 31, 2012 and June 30, 2012 were $271 million and $296 million, respectively. The amortized cost basis of the Company’s available-for-sale investments at December 31, 2012 and June 30, 2012 were $231 million and $230 million, respectively