v3.19.3.a.u2
Marketable and Other Securities
 12 Months Ended
Dec. 31, 2019
Marketable Securities [Abstract]  
Marketable and Other Securities Marketable and Other Securities
The following table summarizes the fair value of cash equivalents and marketable debt and equity securities, which approximates cost:

Fair Value Level

December 31, 2019

December 31, 2018
Cash and cash equivalents


 
 
 
Cash and time deposits(a)


$
6,828


$
7,254

Available-for-sale debt securities


 
 
 
U.S. government and agencies
2

1,484


4,656

Corporate debt
2

5,863


3,791

Sovereign debt
2

2,123


1,976

Total available-for-sale debt securities – cash equivalents


9,470


10,423

Money market funds
1

2,771

 
3,167

Total cash and cash equivalents(b)


$
19,069


$
20,844

Marketable debt securities


 
 
 
U.S. government and agencies
2

$
226


$
1,230

Corporate debt
2

2,932


3,478

Mortgage and asset-backed
2

681


695

Sovereign debt
2

335


563

Total available-for-sale debt securities – marketable securities(c)


$
4,174


$
5,966

Restricted cash


 
 
 
Cash and cash equivalents


$
292


$
260

Money market funds
1

3,582


2,392

Total restricted cash


$
3,874


$
2,652









Available-for-sale debt securities included above with contractual maturities(d)







Due in one year or less


$
10,213


 
Due between one and five years


2,750


 
Total available-for-sale debt securities with contractual maturities


$
12,963


 

__________
(a)
Includes $248 million and $616 million that is designated exclusively to fund capital expenditures in GM Korea at December 31, 2019 and 2018. Refer to Note 20 for additional information.
(b)
Includes $2.3 billion in Cruise at December 31, 2019 and 2018. Refer to Note 20 for additional information.
(c)
Includes $266 million in Cruise at December 31, 2019.
(d)
Excludes mortgage- and asset-backed securities of $681 million at December 31, 2019 as these securities are not due at a single maturity date.

Proceeds from the sale of available-for-sale debt investments sold prior to maturity were $4.5 billion, $4.3 billion and $5.6 billion in the years ended December 31, 2019, 2018 and 2017. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the years ended December 31, 2019, 2018 and 2017. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at December 31, 2019 and 2018.

Our remaining investment in Lyft was measured at fair value at December 31, 2019 using Lyft’s quoted market price, a Level 1 input. Prior to Lyft's initial public offering, our investment in Lyft was measured at fair value using Level 3 inputs at December 31, 2018. The fair value of this investment was $535 million included in Other current assets and $884 million included in Other assets at December 31, 2019 and 2018. We recorded an insignificant unrealized loss and an unrealized gain of $142 million in Interest income and other non-operating income, net in the years ended December 31, 2019 and 2018.

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, 2019

December 31, 2018
Cash and cash equivalents
$
19,069


$
20,844

Restricted cash included in Other current assets
3,352


2,083

Restricted cash included in Other assets
522


569

Total
$
22,943


$
23,496