Investments and Restricted Cash and Cash Equivalents and Investments

Investments and restricted cash and cash equivalents and investments consists of the following (in millions):



	As of
	June 30,		December 31,
	2020		2019
Investments:
BYD Company Limited common stock	$	1,737	$	1,122
Rabbi trusts	396		410
Other	191		187
Total investments	2,324		1,719

Equity method investments:
BHE Renewables tax equity investments	4,183		3,130
Electric Transmission Texas, LLC	580		555
Bridger Coal Company	83		81
Other	108		181
Total equity method investments	4,954		3,947

Restricted cash and cash equivalents and investments:
Quad Cities Station nuclear decommissioning trust funds	607		599
Other restricted cash and cash equivalents	255		230
Total restricted cash and cash equivalents and investments	862		829

Total investments and restricted cash and cash equivalents and investments	$	8,140	$	6,495

Reflected as:
Current assets	$	266	$	240
Noncurrent assets	7,874		6,255
Total investments and restricted cash and cash equivalents and investments	$	8,140	$	6,495

Investments

Gains (losses) on marketable securities, net recognized during the period consists of the following (in millions):



	Three-Month Periods						Six-Month Periods
	Ended June 30,						Ended June 30,
	2020			2019			2020		2019
Unrealized gains (losses) recognized on marketable securities still held at the reporting date	$	584		$	7		$	609	$	(61	)
Net (losses) gains recognized on marketable securities sold during the period	(1		)	(1		)	1		(1		)
Gains (losses) on marketable securities, net	$	583		$	6		$	610	$	(62	)

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2020 and December 31, 2019, consist substantially of funds restricted for the purpose of constructing solid waste facilities under tax-exempt bond obligation agreements and debt service obligations for certain of the Company's nonregulated renewable energy projects. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2020 and December 31, 2019, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions):



	As of
	June 30,		December 31,
	2020		2019
Cash and cash equivalents	$	1,815	$	1,040
Restricted cash and cash equivalents	237		212
Investments and restricted cash and cash equivalents and investments	18		16
Total cash and cash equivalents and restricted cash and cash equivalents	$	2,070	$	1,268