Marketable and Other Securities

12 Months Ended

Dec. 31, 2021

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


	Fair Value Level	December 31, 2021		December 31, 2020
Cash and cash equivalents
Cash and time deposits		$	7,881	$	8,010
Available-for-sale debt securities
U.S. government and agencies	2	722		1,370
Corporate debt	2	5,321		3,476
Sovereign debt	2	2,105		2,051
Total available-for-sale debt securities – cash equivalents		8,148		6,897
Money market funds	1	4,038		5,085
Total cash and cash equivalents(a)		$	20,067	$	19,992
Marketable debt securities
U.S. government and agencies	2	$	2,071	$	1,771
Corporate debt	2	3,396		3,630
Mortgage and asset-backed	2	575		632
Sovereign debt	2	2,567		3,013
Total available-for-sale debt securities – marketable securities(b)		$	8,609	$	9,046
Restricted cash
Cash and cash equivalents		$	466	$	269
Money market funds	1	3,009		2,856
Total restricted cash		$	3,475	$	3,125

Available-for-sale debt securities included above with contractual maturities(c)
Due in one year or less		$	12,003
Due between one and five years		4,130


Total available-for-sale debt securities with contractual maturities		$	16,133

__________

(a) Includes $1.6 billion and $761 million in Cruise at December 31, 2021 and 2020.

(b) Includes $1.5 billion and $943 million in Cruise at December 31, 2021 and 2020.

(c) Excludes mortgage and asset-backed securities of $575 million at December 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 $1.9 billion in the years ended December 31, 2021 and 2020 and $4.5 billion in the year ended December 31, 2019. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the years ended December 31, 2021, 2020 and 2019. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at December 31, 2021 and 2020.

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, 2021		December 31, 2020
Cash and cash equivalents	$	20,067	$	19,992
Restricted cash included in Other current assets	2,935		2,581
Restricted cash included in Other assets	540		544
Total	$	23,542	$	23,117