Quarterly report pursuant to Section 13 or 15(d)

Available-For-Sale Investments

v2.4.0.6
Available-For-Sale Investments
9 Months Ended
Mar. 31, 2013
Available-For-Sale Investments

B. Available-For-Sale Investments:

The Company’s available-for-sale investments at March 31, 2013 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 March 31, 2013 and June 30, 2012 were $298 million and $296 million, respectively. The amortized cost basis of the Company’s available-for-sale investments at March 31, 2013 and June 30, 2012 were $239 million and $230 million, respectively.