Marketable and Other Securities

9 Months Ended

Sep. 30, 2020

The following table summarizes the fair value of cash equivalents and marketable debt securities, which approximates cost:


	Fair Value Level	September 30, 2020		December 31, 2019
Cash and cash equivalents
Cash and time deposits(a)		$	11,542	$	6,828
Available-for-sale debt securities
U.S. government and agencies	2	4,600		1,484
Corporate debt	2	5,517		5,863
Sovereign debt	2	2,697		2,123
Total available-for-sale debt securities – cash equivalents		12,814		9,470
Money market funds	1	2,583		2,771
Total cash and cash equivalents(b)		$	26,939	$	19,069
Marketable debt securities

U.S. government and agencies	2	$	3,042	$	226
Corporate debt	2	3,798		2,932
Mortgage and asset-backed	2	628		681
Sovereign debt	2	2,494		335
Total available-for-sale debt securities – marketable securities(c)		$	9,962	$	4,174
Restricted cash
Cash and cash equivalents		$	248	$	292
Money market funds	1	2,669		3,582
Total restricted cash		$	2,917	$	3,874

Available-for-sale debt securities included above with contractual maturities(d)
Due in one year or less		$	19,357
Due between one and five years		2,791
Total available-for-sale debt securities with contractual maturities		$	22,148

__________

(a)Includes $248 million designated exclusively to fund capital expenditures in GM Korea Company (GM Korea) at December 31, 2019. No amount was designated exclusively to fund GM Korea capital expenditures at September 30, 2020.

(b)Includes $539 million and $2.3 billion in Cruise at September 30, 2020 and December 31, 2019.

(c)Includes $1.4 billion and $266 million in Cruise at September 30, 2020 and December 31, 2019.

(d)Excludes mortgage- and asset-backed securities of $628 million at September 30, 2020 as these securities are not due at a single maturity date.

Proceeds from the sale of available-for-sale debt securities sold prior to maturity were $476 million and $535 million in the three months ended September 30, 2020 and 2019 and $1.4 billion and $1.6 billion in the nine months ended September 30, 2020 and 2019. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the three and nine months ended September 30, 2020 and 2019. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at September 30, 2020 and December 31, 2019.

We liquidated our remaining shares in Lyft, Inc. (Lyft) in the six months ended June 30, 2020. 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.

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, 2020
Cash and cash equivalents	$	26,939
Restricted cash included in Other current assets	2,419
Restricted cash included in Other assets	498
Total	$	29,856