
	2025
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Current Marketable Securities		Non-Current Marketable Securities
Cash	$	28,267	$	—	$	—	$	28,267	$	28,267	$	—	$	—
Level 1:
Money market funds	5,272		—		—		5,272		5,272		—		—
Mutual funds	679		177		(2)		854		—		854		—
Subtotal	5,951		177		(2)		6,126		5,272		854		—
Level 2 (1):
U.S. Treasury securities	16,074		56		(282)		15,848		1,190		3,712		10,946
U.S. agency securities	5,269		—		(149)		5,120		251		2,456		2,413
Non-U.S. government securities	6,586		111		(424)		6,273		—		855		5,418
Certificates of deposit and time deposits	917		—		—		917		904		—		13
Commercial paper	100		—		—		100		50		50		—
Corporate debt securities	47,210		266		(916)		46,560		—		10,623		35,937
Municipal securities	207		—		(2)		205		—		119		86
Mortgage- and asset-backed securities	24,130		126		(1,252)		23,004		—		94		22,910
Subtotal	100,493		559		(3,025)		98,027		2,395		17,909		77,723
Total	$	134,711	$	736	$	(3,027)	$	132,420	$	35,934	$	18,763	$	77,723


	2024
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Current Marketable Securities		Non-Current Marketable Securities
Cash	$	27,199	$	—	$	—	$	27,199	$	27,199	$	—	$	—
Level 1:
Money market funds	778		—		—		778		778		—		—
Mutual funds	515		105		(3)		617		—		617		—
Subtotal	1,293		105		(3)		1,395		778		617		—
Level 2 (1):
U.S. Treasury securities	16,150		45		(516)		15,679		212		4,087		11,380
U.S. agency securities	5,431		—		(272)		5,159		155		703		4,301
Non-U.S. government securities	17,959		93		(484)		17,568		1,158		10,810		5,600
Certificates of deposit and time deposits	873		—		—		873		387		478		8
Commercial paper	1,066		—		—		1,066		28		1,038		—
Corporate debt securities	65,622		270		(1,953)		63,939		26		16,027		47,886
Municipal securities	412		—		(7)		405		—		190		215
Mortgage- and asset-backed securities	24,595		175		(1,403)		23,367		—		1,278		22,089
Subtotal	132,108		583		(4,635)		128,056		1,966		34,611		91,479
Total (2)(3)	$	160,600	$	688	$	(4,638)	$	156,650	$	29,943	$	35,228	$	91,479

(1)The valuation techniques used to measure the fair values of the Company’s Level 2 financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data.

(2)As of September 28, 2024, cash and cash equivalents included $2.6 billion held in escrow and restricted from general use. These restricted cash and cash equivalents were designated to settle the Company’s obligation related to the State Aid Decision (refer to Note 7, “Income Taxes”).

(3)As of September 28, 2024, current marketable securities included $13.2 billion held in escrow and restricted from general use. These restricted marketable securities were designated to settle the Company’s obligation related to the State Aid Decision (refer to Note 7, “Income Taxes”).