Marketable and Other Securities (Tables)
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9 Months Ended |
Sep. 30, 2024 |
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| Marketable Securities [Abstract] |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table summarizes the fair value of cash equivalents and marketable debt securities, which approximates cost: | | | | | | | | | | | | | | | | | | | Fair Value Level | | September 30, 2024 | | December 31, 2023 | | Cash and cash equivalents | | | | | | | Cash and time deposits | | | $ | 12,296 | | | $ | 8,977 | | | Available-for-sale debt securities | | | | | | | U.S. government and agencies | 2 | | 76 | | | 211 | | | Corporate debt | 2 | | 5,160 | | | 1,439 | | | Sovereign debt | 2 | | 2,665 | | | 734 | | | Total available-for-sale debt securities – cash equivalents | | | 7,901 | | | 2,384 | | | Money market funds | 1 | | 3,547 | | | 7,491 | | | Total cash and cash equivalents | | | $ | 23,744 | | | $ | 18,853 | | | Marketable debt securities | | | | | | | | | | | | | U.S. government and agencies | 2 | | $ | 3,477 | | | $ | 3,495 | | | Corporate debt and other | 2 | | 4,364 | | | 3,529 | | | | | | | | | Mortgage and asset-backed | 2 | | 636 | | | 589 | | | | | | | | | Total available-for-sale debt securities – marketable securities | | | $ | 8,477 | | | $ | 7,613 | | | Restricted cash | | | | | | | Cash and cash equivalents | | | $ | 275 | | | $ | 277 | | | Money market funds | 1 | | 2,695 | | | 2,787 | | | Total restricted cash | | | $ | 2,971 | | | $ | 3,064 | | | | | | | | | Available-for-sale debt securities included above with contractual maturities(a) | | | | | | Due in one year or less | | | $ | 9,824 | | | | | Due between one and five years | | | 5,770 | | | | | | | | | | | Total available-for-sale debt securities with contractual maturities | | | $ | 15,594 | | | |
__________ (a)Excludes mortgage and asset-backed securities of $636 million at September 30, 2024 as these securities are not due at a single maturity date.
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| Schedule of 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 | | September 30, 2024 | | December 31, 2023 | | Cash and cash equivalents | | | | | | | Cash and time deposits | | | $ | 12,296 | | | $ | 8,977 | | | Available-for-sale debt securities | | | | | | | U.S. government and agencies | 2 | | 76 | | | 211 | | | Corporate debt | 2 | | 5,160 | | | 1,439 | | | Sovereign debt | 2 | | 2,665 | | | 734 | | | Total available-for-sale debt securities – cash equivalents | | | 7,901 | | | 2,384 | | | Money market funds | 1 | | 3,547 | | | 7,491 | | | Total cash and cash equivalents | | | $ | 23,744 | | | $ | 18,853 | | | Marketable debt securities | | | | | | | | | | | | | U.S. government and agencies | 2 | | $ | 3,477 | | | $ | 3,495 | | | Corporate debt and other | 2 | | 4,364 | | | 3,529 | | | | | | | | | Mortgage and asset-backed | 2 | | 636 | | | 589 | | | | | | | | | Total available-for-sale debt securities – marketable securities | | | $ | 8,477 | | | $ | 7,613 | | | Restricted cash | | | | | | | Cash and cash equivalents | | | $ | 275 | | | $ | 277 | | | Money market funds | 1 | | 2,695 | | | 2,787 | | | Total restricted cash | | | $ | 2,971 | | | $ | 3,064 | | | | | | | | | Available-for-sale debt securities included above with contractual maturities(a) | | | | | | Due in one year or less | | | $ | 9,824 | | | | | Due between one and five years | | | 5,770 | | | | | | | | | | | Total available-for-sale debt securities with contractual maturities | | | $ | 15,594 | | | |
__________ (a)Excludes mortgage and asset-backed securities of $636 million at September 30, 2024 as these securities are not due at a single maturity date.
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| Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash |
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: | | | | | | | September 30, 2024 | | Cash and cash equivalents | $ | 23,744 | | | Restricted cash included in Other current assets | 2,495 | | | Restricted cash included in Other assets | 476 | | | Total | $ | 26,715 | |
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