Investments

6 Months Ended

Jun. 30, 2024

Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:


	June 30 2024	December 31 2023
Time deposits (1)	$1,208	$2,753
Equity method investments (2)	956	966
Available-for-sale debt investments (1)	515	499
Equity and other investments	53	69

Restricted cash & cash equivalents (1)(3)	21	22
Total	$2,753	$4,309

(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.

(2)Dividends received were $37 and $17 during the six and three months ended June 30, 2024 and $5 during the same periods in prior year.

(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.

Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and available-for-sale debt investments. Cash used for the purchase of time deposits during the six months ended June 30, 2024 and 2023, was $1,298 and $9,165. Cash proceeds from the maturities of time deposits during the six months ended June 30, 2024 and 2023, were $2,845 and $5,274.

Allowance for losses on available-for-sale debt investments are assessed quarterly. All instruments are considered investment grade, and we have not recognized an allowance for credit losses as of June 30, 2024.