Investments and Restricted Cash and Investments

3 Months Ended

Mar. 31, 2019

Restricted Cash and Cash Equivalents Items [Line Items]

Investments and Restricted Cash and Investments

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
	March 31,		December 31,
	2019		2018
Investments:
BYD Company Limited common stock	$	1,356	$	1,435
Rabbi trusts	394		371
Other	180		168
Total investments	1,930		1,974
Equity method investments:
BHE Renewables tax equity investments	1,627		1,661
Electric Transmission Texas, LLC	529		527
Bridger Coal Company	97		99
Other	158		153
Total equity method investments	2,411		2,440
Restricted cash and cash equivalents and investments:
Quad Cities Station nuclear decommissioning trust funds	545		504
Restricted cash and cash equivalents	196		256
Total restricted cash and cash equivalents and investments	741		760
Total investments and restricted cash and cash equivalents and investments	$	5,082	$	5,174
Reflected as:
Current assets	$	205	$	271
Noncurrent assets	4,877		4,903
Total investments and restricted cash and cash equivalents and investments	$	5,082	$	5,174

Investments

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

	Three-Month Periods
	Ended March 31,
	2019			2018
Unrealized losses recognized on marketable securities still held at the reporting date	$	(68	)	$	(211	)
Net gains recognized on marketable securities sold during the period	—			2
Losses on marketable securities, net	$	(68	)	$	(209	)

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 March 31, 2019 and December 31, 2018, 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 March 31,2019 and December 31, 2018, 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
	March 31,		December 31,
	2019		2018
Cash and cash equivalents	$	1,661	$	627
Restricted cash and cash equivalents	181		227
Investments and restricted cash and cash equivalents and investments	15		29
Total cash and cash equivalents and restricted cash and cash equivalents	$	1,857	$	883