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Marketable and Other Securities | 9 Months Ended
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Sep. 30, 2019
Marketable Securities [Abstract] |
Marketable and Other Securities | Marketable and Other Securities The following table summarizes the fair value of cash equivalents and marketable debt securities which approximates cost:
| Fair Value Level |  | September 30, 2019 |  | December 31, 2018
Cash and cash equivalents |  |  |  |  |  |
Cash and time deposits(a) |  |  | $ | 8,388 |  |  | $ | 7,254 |
Available-for-sale debt securities |  |  |  |  |  |
U.S. government and agencies | 2 |  | 1,846 |  |  | 4,656 |
Corporate debt | 2 |  | 5,923 |  |  | 3,791 |
Sovereign debt | 2 |  | 1,435 |  |  | 1,976 |
Total available-for-sale debt securities – cash equivalents |  |  | 9,204 |  |  | 10,423 |
Money market funds | 1 |  | 2,459 |  |  | 3,167 |
Total cash and cash equivalents(b) |  |  | $ | 20,051 |  |  | $ | 20,844 |
Marketable debt securities |  |  |  |  |  |
U.S. government and agencies | 2 |  | $ | 1,770 |  |  | $ | 1,230 |
Corporate debt | 2 |  | 3,716 |  |  | 3,478 |
Mortgage and asset-backed | 2 |  | 807 |  |  | 695 |
Sovereign debt | 2 |  | 432 |  |  | 563 |
Total available-for-sale debt securities – marketable securities(c) |  |  | $ | 6,725 |  |  | $ | 5,966 |
Restricted cash |  |  |  |  |
Cash and cash equivalents |  |  | $ | 282 |  |  | $ | 260 |
Money market funds | 1 |  | 2,566 |  |  | 2,392 |
Total restricted cash |  |  | $ | 2,848 |  |  | $ | 2,652 |
Available-for-sale debt securities included above with contractual maturities(d) |  |  |  |
Due in one year or less |  |  | $ | 10,708 |  |  |
Due between one and five years |  |  | 4,414 |  |  |
Total available-for-sale debt securities with contractual maturities |  |  | $ | 15,122 |  |  |
__________
(a) | Includes $481 million and $616 million that is designated exclusively to fund capital expenditures in GM Korea Company (GM Korea) at September 30, 2019 and December 31, 2018.
(b) | Includes $2.2 billion and $2.3 billion in Cruise at September 30, 2019 and December 31, 2018.
(c) | Includes $586 million in Cruise at September 30, 2019.
(d) | Excludes mortgage- and asset-backed securities.
Proceeds from the sale of available-for-sale debt investments sold prior to maturity were $535 million and $1.7 billion in the three months ended September 30, 2019 and 2018 and $1.6 billion and $3.6 billion in the nine months ended September 30, 2019 and 2018. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the three and nine months ended September 30, 2019 and 2018. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at September 30, 2019 and December 31, 2018. Our remaining investment in Lyft, Inc. (Lyft) was measured at fair value at September 30, 2019 using Lyft’s quoted market price, a Level 1 input. The restrictions on selling or transferring the investment expired on August 19, 2019 and the fair value measurement no longer reflects a discount for the lack of marketability, a Level 3 input. The fair value of this investment was $679 million, included in Other current assets, and $884 million, included in Other assets, at September 30, 2019 and December 31, 2018. We recorded an unrealized loss of $291 million and $71 million in Interest income and other non-operating income, net in the three and nine months ended September 30, 2019 and an unrealized gain of $142 million in the nine months ended September 30, 2018. Refer to Item 3. Quantitative and Qualitative Disclosures About Market Risk for exposure to equity price market risk. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet to the total shown in the condensed consolidated statement of cash flows:
| September 30, 2019
Cash and cash equivalents | $ | 20,051 |
Restricted cash included in Other current assets | 2,300 |
Restricted cash included in Other assets | 548 |
Total | $ | 22,899 |

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- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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