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Marketable and Other Securities | 9 Months Ended
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Sep. 30, 2023
Marketable Securities [Abstract] |
Marketable and Other Securities | Marketable and Other Securities The following table summarizes the fair value of cash equivalents and marketable debt securities, which approximates cost:
| Fair Value Level |  | September 30, 2023 |  | December 31, 2022
Cash and cash equivalents |  |  |  |  |
Cash and time deposits |  |  | $ | 9,813 |  |  | $ | 8,921 |
Available-for-sale debt securities |  |  |  |  |
U.S. government and agencies | 2 |  | 2,191 |  |  | 1,012 |
Corporate debt | 2 |  | 5,962 |  |  | 2,778 |
Sovereign debt | 2 |  | 2,876 |  |  | 1,828 |
Total available-for-sale debt securities – cash equivalents |  |  | 11,029 |  |  | 5,618 |
Money market funds | 1 |  | 4,382 |  |  | 4,613 |
Total cash and cash equivalents(a) |  |  | $ | 25,224 |  |  | $ | 19,153 |
Marketable debt securities |  |  |  |  |
U.S. government and agencies | 2 |  | $ | 3,767 |  |  | $ | 4,357 |
Corporate debt | 2 |  | 3,890 |  |  | 5,147 |
Mortgage and asset-backed | 2 |  | 617 |  |  | 538 |
Sovereign debt | 2 |  | 1,376 |  |  | 2,108 |
Total available-for-sale debt securities – marketable securities(b) |  |  | $ | 9,651 |  |  | $ | 12,150 |
Restricted cash |  |  |  |  |
Cash and cash equivalents |  |  | $ | 316 |  |  | $ | 341 |
Money market funds | 1 |  | 3,438 |  |  | 2,455 |
Total restricted cash |  |  | $ | 3,754 |  |  | $ | 2,796 |
Available-for-sale debt securities included above with contractual maturities(c) |  |  |  |
Due in one year or less |  |  | $ | 14,426 |  |  |
Due between one and five years |  |  | 5,482 |  |  |
Total available-for-sale debt securities with contractual maturities |  |  | $ | 19,907 |  |  |
__________ (a)Includes $1.5 billion in Cruise at September 30, 2023 and December 31, 2022. (b)Includes $192 million and $1.4 billion in Cruise at September 30, 2023 and December 31, 2022. (c)Excludes mortgage and asset-backed securities of $617 million at September 30, 2023 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 $454 million and $441 million in the three months ended September 30, 2023 and 2022 and $1.5 billion and $1.4 billion in the nine months ended September 30, 2023 and 2022. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the three months ended September 30, 2023 and 2022. Net unrealized gains on available-for-sale debt securities were insignificant in the nine months ended September 30, 2023 and net unrealized losses on available-for-sale debt securities were $367 million in the nine months ended September 30, 2022. Cumulative unrealized losses on available-for-sale debt securities were $293 million and $344 million at September 30, 2023 and December 31, 2022. 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, 2023
Cash and cash equivalents | $ | 25,224 |
Restricted cash included in Other current assets | 3,279 |
Restricted cash included in Other assets | 475 |
Total | $ | 28,978 |

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- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent + Details
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