Marketable and Other Securities

12 Months Ended

Dec. 31, 2020

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


	Fair Value Level	December 31, 2020		December 31, 2019
Cash and cash equivalents
Cash and time deposits(a)		$	8,010	$	6,828
Available-for-sale debt securities
U.S. government and agencies	2	1,370		1,484
Corporate debt	2	3,476		5,863
Sovereign debt	2	2,051		2,123
Total available-for-sale debt securities – cash equivalents		6,897		9,470
Money market funds	1	5,085		2,771
Total cash and cash equivalents(b)		$	19,992	$	19,069
Marketable debt securities
U.S. government and agencies	2	$	1,771	$	226
Corporate debt	2	3,630		2,932
Mortgage and asset-backed	2	632		681
Sovereign debt	2	3,013		335
Total available-for-sale debt securities – marketable securities(c)		$	9,046	$	4,174
Restricted cash
Cash and cash equivalents		$	269	$	292
Money market funds	1	2,856		3,582
Total restricted cash		$	3,125	$	3,874

Available-for-sale debt securities included above with contractual maturities(d)
Due in one year or less		$	12,533
Due between one and five years		2,778


Total available-for-sale debt securities with contractual maturities		$	15,311

__________

(a) Includes $248 million that is 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 December 31, 2020.

(b) Includes $761 million and $2.3 billion in Cruise at December 31, 2020 and 2019.

(d) Excludes mortgage- and asset-backed securities of $632 million at December 31, 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 $1.9 billion, $4.5 billion and $4.3 billion in the years ended December 31, 2020, 2019 and 2018. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the years ended December 31, 2020, 2019 and 2018. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at December 31, 2020 and 2019.

We liquidated our remaining shares in Lyft in the six months ended June 30, 2020. We recorded an insignificant unrealized loss in the years ended December 31, 2020 and 2019, and an unrealized gain of $142 million in Interest income and other non-operating income, net in the year ended December 31, 2018.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:


	December 31, 2020		December 31, 2019
Cash and cash equivalents	$	19,992	$	19,069
Restricted cash included in Other current assets	2,581		3,352
Restricted cash included in Other assets	544		522
Total	$	23,117	$	22,943