Marketable and Other Securities

3 Months Ended

Mar. 31, 2021

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


	Fair Value Level	March 31, 2021		December 31, 2020
Cash and cash equivalents
Cash and time deposits		$	7,294	$	8,010
Available-for-sale debt securities
U.S. government and agencies	2	631		1,370
Corporate debt	2	5,516		3,476
Sovereign debt	2	3,055		2,051
Total available-for-sale debt securities – cash equivalents		9,202		6,897
Money market funds	1	5,113		5,085
Total cash and cash equivalents(a)		$	21,609	$	19,992
Marketable debt securities

U.S. government and agencies	2	$	927	$	1,771
Corporate debt	2	3,099		3,630
Mortgage and asset-backed	2	594		632
Sovereign debt	2	3,151		3,013
Total available-for-sale debt securities – marketable securities(b)		$	7,771	$	9,046
Restricted cash
Cash and cash equivalents		$	405	$	269
Money market funds	1	2,862		2,856
Total restricted cash		$	3,267	$	3,125

Available-for-sale debt securities included above with contractual maturities(c)
Due in one year or less		$	13,568
Due between one and five years		2,789
Total available-for-sale debt securities with contractual maturities		$	16,357

__________

(a)Includes $2.2 billion and $761 million in Cruise at March 31, 2021 and December 31, 2020.

(b)Includes $1.9 billion and $943 million in Cruise at March 31, 2021 and December 31, 2020.

(c)Excludes mortgage- and asset-backed securities of $594 million at March 31, 2021 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 $504 million and $366 million in the three months ended March 31, 2021 and 2020. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the three months ended March 31, 2021 and 2020. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at March 31, 2021 and December 31, 2020.

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:


	March 31, 2021
Cash and cash equivalents	$	21,609
Restricted cash included in Other current assets	2,702
Restricted cash included in Other assets	565
Total	$	24,876