Investments

Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following at December 31:



	2012		2011
Time deposits		$3,135		$1,134
Pledged money market funds⁽¹⁾	56		56
Available-for-sale investments	9		10
Equity method investments ⁽²⁾	1,137		1,003
Restricted cash⁽³⁾	25		31
Other investments	35		32
Total		$4,397		$2,266


⁽¹⁾	Reflects amounts pledged in lieu of letters of credit as collateral in support of our workers’ compensation programs. These funds can become available within 30 days notice upon issuance of replacement letters of credit.


⁽²⁾	Dividends received were $341 and $239 during 2012 and 2011.


⁽³⁾	Restricted to pay group term life insurance premiums for certain employees and certain claims related to workers’ compensation.

Equity Method Investments

Our effective ownership percentages and balances of equity method investments consisted of the following as of December 31:



	Segment	Ownership Percentages	Investment Balance
			2012			2011
United Launch Alliance	Network & Space Systems	50%		$946			$983
United Space Alliance	Network & Space Systems	50%	28		⁽¹⁾	(147		)	⁽²⁾
Other	Primarily Commercial Airplanes		163			167
Total Equity method investments				$1,137			$1,003


⁽¹⁾	The positive balance at December 31, 2012 reflects the termination and settlement of the defined benefit pension plans during the third quarter of 2012.


⁽²⁾	The credit balance in 2011 was a result of our proportionate share of the joint venture’s pension and postretirement related adjustments which reduced the carrying value of the investment.