Marketable and Other Securities (Tables)
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3 Months Ended |
Mar. 31, 2020 |
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| Marketable Securities [Abstract] |
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| Schedule of Fair Value of Cash Equivalents and Marketable Securities |
The following table summarizes the fair value of cash equivalents and marketable debt securities, which approximates cost: | | | | | | | | | | | | Fair Value Level | | March 31, 2020 |
| December 31, 2019 | Cash and cash equivalents | | |
|
|
|
| Cash and time deposits(a) | | | $ | 11,965 |
|
| $ | 6,828 |
| Available-for-sale debt securities | | |
|
|
|
| U.S. government and agencies | 2 | | 5,011 |
|
| 1,484 |
| Corporate debt | 2 | | 7,660 |
|
| 5,863 |
| Sovereign debt | 2 | | 1,675 |
|
| 2,123 |
| Total available-for-sale debt securities – cash equivalents | | | 14,346 |
|
| 9,470 |
| Money market funds | 1 | | 12,195 |
|
| 2,771 |
| Total cash and cash equivalents(b) | | | $ | 38,506 |
|
| $ | 19,069 |
| Marketable debt securities | | | | |
|
| U.S. government and agencies | 2 | | $ | 1,810 |
|
| $ | 226 |
| Corporate debt | 2 | | 3,104 |
|
| 2,932 |
| Mortgage and asset-backed | 2 | | 667 |
|
| 681 |
| Sovereign debt | 2 | | 2,039 |
|
| 335 |
| Total available-for-sale debt securities – marketable securities(c) | | | $ | 7,620 |
|
| $ | 4,174 |
| Restricted cash | | | |
| | Cash and cash equivalents | | | $ | 239 |
|
| $ | 292 |
| Money market funds | 1 | | 2,421 |
|
| 3,582 |
| Total restricted cash | | | $ | 2,660 |
|
| $ | 3,874 |
| | | | | | | Available-for-sale debt securities included above with contractual maturities(d) | | | | | Due in one year or less | | | $ | 18,605 |
| | | Due between one and five years | | | 2,694 |
| | | Total available-for-sale debt securities with contractual maturities | | | $ | 21,299 |
| | |
__________ | | (a) | Includes an insignificant amount and $248 million that is designated exclusively to fund capital expenditures in GM Korea Company (GM Korea) at March 31, 2020 and December 31, 2019. |
| | (b) | Includes $1.5 billion and $2.3 billion in Cruise at March 31, 2020 and December 31, 2019. |
| | (c) | Includes $877 million and $266 million in Cruise at March 31, 2020 and December 31, 2019. |
(d) Excludes mortgage- and asset-backed securities of $667 million at March 31, 2020 as these securities are not due at a single maturity date.
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| Investments Classified by Contractual Maturity Date |
The following table summarizes the fair value of cash equivalents and marketable debt securities, which approximates cost: | | | | | | | | | | | | Fair Value Level | | March 31, 2020 |
| December 31, 2019 | Cash and cash equivalents | | |
|
|
|
| Cash and time deposits(a) | | | $ | 11,965 |
|
| $ | 6,828 |
| Available-for-sale debt securities | | |
|
|
|
| U.S. government and agencies | 2 | | 5,011 |
|
| 1,484 |
| Corporate debt | 2 | | 7,660 |
|
| 5,863 |
| Sovereign debt | 2 | | 1,675 |
|
| 2,123 |
| Total available-for-sale debt securities – cash equivalents | | | 14,346 |
|
| 9,470 |
| Money market funds | 1 | | 12,195 |
|
| 2,771 |
| Total cash and cash equivalents(b) | | | $ | 38,506 |
|
| $ | 19,069 |
| Marketable debt securities | | | | |
|
| U.S. government and agencies | 2 | | $ | 1,810 |
|
| $ | 226 |
| Corporate debt | 2 | | 3,104 |
|
| 2,932 |
| Mortgage and asset-backed | 2 | | 667 |
|
| 681 |
| Sovereign debt | 2 | | 2,039 |
|
| 335 |
| Total available-for-sale debt securities – marketable securities(c) | | | $ | 7,620 |
|
| $ | 4,174 |
| Restricted cash | | | |
| | Cash and cash equivalents | | | $ | 239 |
|
| $ | 292 |
| Money market funds | 1 | | 2,421 |
|
| 3,582 |
| Total restricted cash | | | $ | 2,660 |
|
| $ | 3,874 |
| | | | | | | Available-for-sale debt securities included above with contractual maturities(d) | | | | | Due in one year or less | | | $ | 18,605 |
| | | Due between one and five years | | | 2,694 |
| | | Total available-for-sale debt securities with contractual maturities | | | $ | 21,299 |
| | |
__________ | | (a) | Includes an insignificant amount and $248 million that is designated exclusively to fund capital expenditures in GM Korea Company (GM Korea) at March 31, 2020 and December 31, 2019. |
| | (b) | Includes $1.5 billion and $2.3 billion in Cruise at March 31, 2020 and December 31, 2019. |
| | (c) | Includes $877 million and $266 million in Cruise at March 31, 2020 and December 31, 2019. |
(d) Excludes mortgage- and asset-backed securities of $667 million at March 31, 2020 as these securities are not due at a single maturity date.
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| Reconciliation of Cash, Cash Equivalents and Restricted Cash from Balance Sheet to Statements of Cash Flows |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet to the total shown in the condensed consolidated statement of cash flows: | | | | | | March 31, 2020 | Cash and cash equivalents | $ | 38,506 |
| Restricted cash included in Other current assets | 2,175 |
| Restricted cash included in Other assets | 485 |
| Total | $ | 41,166 |
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