Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.

Text: the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable . our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures . the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 . the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 . the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 . we agreed to make payments to nvidia over six years . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable . the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates . note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>dec 282013</td><td>dec 292012</td></tr><tr><td>2</td><td>available-for-sale investments</td><td>$ 18086</td><td>$ 14001</td></tr><tr><td>3</td><td>cash</td><td>854</td><td>593</td></tr><tr><td>4</td><td>equity method investments</td><td>1038</td><td>992</td></tr><tr><td>5</td><td>loans receivable</td><td>1072</td><td>979</td></tr><tr><td>6</td><td>non-marketable cost method investments</td><td>1270</td><td>1202</td></tr><tr><td>7</td><td>reverse repurchase agreements</td><td>800</td><td>2850</td></tr><tr><td>8</td><td>trading assets</td><td>8441</td><td>5685</td></tr><tr><td>9</td><td>total cash and investments</td><td>$ 31561</td><td>$ 26302</td></tr></table> in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment . in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income . proceeds received and gains recognized for each investment are included in the "available-for-sale investments" and "equity method investments" sections that follow . table of contents intel corporation notes to consolidated financial statements ( continued ) .
Question: what is the balance of total cash and investments as of december 28, 2013?
Answer: 31561.0
Question: what about in 2012?
Answer: 26302.0
Question: what is the change in balance?

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5259.0
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