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Cash, Cash Equivalents, and Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2011
Schedule of Cash, Cash Equivalents and Short-term Investments

The following table summarizes, by major security type, our cash, cash equivalents, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):

 

     June 30, 2011     December  31,
2010
 
      
     Cost or
Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Total
Estimated

Fair  Value
    Total
Estimated
Fair Value
 

Cash

   $ 850       $ —         $ —        $ 850      $ 613   

Level 1 securities:

            

Money market funds

     1,039         —           —          1,039        1,882   

Equity securities

     2         —           (1     1        1   

Level 2 securities:

            

Foreign government and agency securities

     1,422         4         (4     1,422        2,158   

U.S. government and agency securities

     2,514         11         (1     2,524        3,756   

Corporate debt securities

     616         3         (2     617        459   

Asset-backed securities

     28         —           —          28        33   

Other fixed income securities

     22         —           —          22        17   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 
   $ 6,493       $ 18       $ (8   $ 6,503      $ 8,919   
  

 

 

    

 

 

    

 

 

     

Less: Long-term restricted cash, cash equivalents, and marketable securities (1)

             (148     (157
          

 

 

   

 

 

 

Total cash, cash equivalents, and marketable securities

           $ 6,355      $ 8,762   
          

 

 

   

 

 

 

 

(1) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable securities as collateral for standby letters of credit, guarantees, debt and real estate lease agreements. We classify cash and marketable securities with use restrictions of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 3 — Commitments and Contingencies.“