Marketable and Other Securities

9 Months Ended

Sep. 30, 2021

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


	Fair Value Level	September 30, 2021		December 31, 2020
Cash and cash equivalents
Cash and time deposits		$	8,312	$	8,010
Available-for-sale debt securities
U.S. government and agencies	2	188		1,370
Corporate debt	2	4,100		3,476
Sovereign debt	2	1,238		2,051
Total available-for-sale debt securities – cash equivalents		5,526		6,897
Money market funds	1	3,527		5,085
Total cash and cash equivalents(a)		$	17,365	$	19,992
Marketable debt securities

U.S. government and agencies	2	$	803	$	1,771
Corporate debt	2	3,212		3,630
Mortgage and asset-backed	2	566		632
Sovereign debt	2	1,994		3,013
Total available-for-sale debt securities – marketable securities(b)		$	6,575	$	9,046
Restricted cash
Cash and cash equivalents		$	509	$	269
Money market funds	1	3,777		2,856
Total restricted cash		$	4,286	$	3,125

Available-for-sale debt securities included above with contractual maturities(c)
Due in one year or less		$	8,490
Due between one and five years		3,009
Total available-for-sale debt securities with contractual maturities		$	11,499

__________

(a)Includes $1.8 billion and $761 million in Cruise at September 30, 2021 and December 31, 2020.

(b)Includes $1.8 billion and $943 million in Cruise at September 30, 2021 and December 31, 2020.

(c)Excludes mortgage and asset-backed securities of $566 million at September 30, 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 $301 million and $476 million in the three months ended September 30, 2021 and 2020 and $1.4 billion in the nine months ended September 30, 2021 and 2020. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the three and nine months ended September 30, 2021 and 2020. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at September 30, 2021 and December 31, 2020.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the total shown in the condensed consolidated statement of cash flows:


	September 30, 2021
Cash and cash equivalents	$	17,365
Restricted cash included in Other current assets	2,842
Restricted cash included in Other assets	1,444
Total	$	21,651