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
	September 30,		December 31,
	2020		2019
Investments:
BYD Company Limited common stock	$	3,525	$	1,122
Rabbi trusts	412		410
Other	205		187
Total investments	4,142		1,719

Equity method investments:
BHE Renewables tax equity investments	5,000		3,130
Electric Transmission Texas, LLC	597		555
Bridger Coal Company	78		81
Other	168		181
Total equity method investments	5,843		3,947

Restricted cash and cash equivalents and investments:
Quad Cities Station nuclear decommissioning trust funds	631		599
Other restricted cash and cash equivalents	327		230
Total restricted cash and cash equivalents and investments	958		829

Total investments and restricted cash and cash equivalents and investments	$	10,943	$	6,495

Reflected as:
Current assets	$	340	$	240
Noncurrent assets	10,603		6,255
Total investments and restricted cash and cash equivalents and investments	$	10,943	$	6,495

Investments

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



	Three-Month Periods					Nine-Month Periods
	Ended September 30,					Ended September 30,
	2020		2019			2020		2019
Unrealized gains (losses) recognized on marketable securities still held at the reporting date	$	1,794	$	(236	)	$	2,403	$	(297	)
Net gains recognized on marketable securities sold during the period	3		2			4		1
Gains (losses) on marketable securities, net	$	1,797	$	(234	)	$	2,407	$	(296	)

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 September 30, 2020 and December 31, 2019, 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 September 30, 2020 and December 31, 2019, 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
	September 30,		December 31,
	2020		2019
Cash and cash equivalents	$	1,769	$	1,040
Restricted cash and cash equivalents	309		212
Investments and restricted cash and cash equivalents and investments	18		16
Total cash and cash equivalents and restricted cash and cash equivalents	$	2,096	$	1,268