Investments

3 Months Ended

Mar. 31, 2024

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


	March 31 2024	December 31 2023
Time deposits (1)	$105	$2,753
Equity method investments (2)	965	966
Available-for-sale debt investments (1)	506	499
Equity and other investments	60	69

Restricted cash & cash equivalents (1)(3)	21	22
Total	$1,657	$4,309

(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.

(2)Dividends received were $20 and $0 during the three months ended March 31, 2024 and 2023.

(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.

Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and available-for-sale debt investments. Cash used for the purchase of time deposits during the three months ended March 31, 2024 and 2023 was $90 and $3,435. Cash proceeds from the maturities of time deposits during the three months ended March 31, 2024 and 2023 were $2,740 and $2,095.

Allowance for losses on available-for-sale debt investments are assessed quarterly. All instruments are considered investment grade, and we have not recognized an allowance for credit losses as of March 31, 2024.