Cash, Cash Equivalents, and Marketable Securities (Notes)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES

The following tables categorize the fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis on our balance sheet (in millions):

		September 30, 2016
	Fair Value  Level	Automotive		Financial Services		All Other		Consolidated
Cash and cash equivalents
U.S. government	1	$	599	$	—	$	—	$	599
U.S. government agencies	2	—		4		—		4
Non-U.S. government and agencies	2	551		280		—		831
Corporate debt	2	60		50		—		110
Total marketable securities classified as cash equivalents		1,210		334		—		1,544
Cash, time deposits, and money market funds		6,445		5,341		10		11,796
Total cash and cash equivalents		$	7,655	$	5,675	$	10	$	13,340
Marketable securities
U.S. government	1	$	3,982	$	1,724	$	—	$	5,706
U.S. government agencies	2	3,284		1,354		—		4,638
Non-U.S. government and agencies	2	5,423		520		—		5,943
Corporate debt	2	3,709		540		—		4,249
Equities	1	198		—		—		198
Other marketable securities	2	49		42		—		91
Total marketable securities		$	16,645	$	4,180	$	—	$	20,825
		December 31, 2015
	Fair Value  Level	Automotive		Financial Services		All Other		Consolidated
Cash and cash equivalents
U.S. government	1	$	115	$	—	$	—	$	115
U.S. government agencies	2	22		—		—		22
Non-U.S. government and agencies	2	173		266		—		439
Corporate debt	2	20		—		—		20
Total marketable securities classified as cash equivalents		330		266		—		596
Cash, time deposits, and money market funds		5,056		8,620		—		13,676
Total cash and cash equivalents		$	5,386	$	8,886	$	—	$	14,272
Marketable securities
U.S. government	1	$	1,623	$	298	$	—	$	1,921
U.S. government agencies	2	5,240		1,169		—		6,409
Non-U.S. government and agencies	2	7,451		832		—		8,283
Corporate debt	2	3,279		384		—		3,663
Equities	1	240		—		—		240
Other marketable securities	2	348		40		—		388
Total marketable securities		$	18,181	$	2,723	$	—	$	20,904

NOTE 4.CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES(Continued)

The following tables present cash equivalents and marketable securities accounted for as available-for-sale (“AFS”) securities on our balance sheet (in millions):

	September 30, 2016
										Fair Value of Securities with Contractual Maturities:
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Less than 1 Year		1-5 Years
Automotive
U.S. government	$	447	$	—	$	—		$	447	$	—	$	447
U.S. government agencies	100		—		—			100		—		100
Non-U.S. government and agencies	77		—		—			77		—		77
Corporate debt	337		—		—			337		247		90
Total	$	961	$	—	$	—		$	961	$	247	$	714
	December 31, 2015
										Fair Value of Securities with Contractual Maturities:
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Less than 1 Year		1-5 Years
Automotive
U.S. government	$	—	$	—	$	—		$	—	$	—	$	—
U.S. government agencies	—		—		—			—		—		—
Non-U.S. government and agencies	82		—		(12		)	70		—		70
Corporate debt	—		—		—			—		—		—
Total	$	82	$	—	$	(12	)	$	70	$	—	$	70

Sales proceeds for investments classified as AFS and sold prior to maturity were $69 million and $0 for the nine months ended September 30, 2016 and 2015, respectively. Gross realized gains from the sale of AFS securities were $1 million and $0 for the nine months ended September 30, 2016 and 2015, respectively. There were no gross realized losses from the sale of AFS securities for the nine months ended September 30, 2016 and 2015.

We determine other-than-temporary impairments on cash equivalents and marketable securities using a specific identification method. During the nine months ended September 30, 2016 and 2015, we did not recognize any other-than-temporary impairment loss.