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,
	2019		2018
Investments:
BYD Company Limited common stock	$	1,358	$	1,435
Rabbi trusts	392		371
Other	181		168
Total investments	1,931		1,974

Equity method investments:
BHE Renewables tax equity investments	1,797		1,661
Electric Transmission Texas, LLC	537		527
Bridger Coal Company	89		99
Other	172		153
Total equity method investments	2,595		2,440

Restricted cash and cash equivalents and investments:
Quad Cities Station nuclear decommissioning trust funds	562		504
Restricted cash and cash equivalents	241		256
Total restricted cash and cash equivalents and investments	803		760

Total investments and restricted cash and cash equivalents and investments	$	5,329	$	5,174

Reflected as:
Current assets	$	237	$	271
Noncurrent assets	5,092		4,903
Total investments and restricted cash and cash equivalents and investments	$	5,329	$	5,174

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,
	2019			2018			2019			2018
Unrealized gains (losses) recognized on marketable securities still held at the reporting date	$	7		$	(386	)	$	(61	)	$	(597	)
Net (losses) gains recognized on marketable securities sold during the period	(1		)	(1		)	(1		)	1
Gains (losses) on marketable securities, net	$	6		$	(387	)	$	(62	)	$	(596	)

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, 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 June 30, 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
	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	1,265	$	627
Restricted cash and cash equivalents	214		227
Investments and restricted cash and cash equivalents and investments	27		29
Total cash and cash equivalents and restricted cash and cash equivalents	$	1,506	$	883