Google Inc. | 2013 | FY | 3


 The following tables summarize our cash, cash equivalents and marketable securities by significant investment categories as of December 31, 2012 and December 31, 2013 (in millions):
 
 
As of December 31, 2012
 
 
Adjusted
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Cash and
Cash
Equivalents
 
Marketable
Securities
Cash
 
$
8,066

 
$
0

 
$
0

 
$
8,066

 
$
8,066

 
$
0

Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
Money market and other funds
 
5,221

 
0

 
0

 
5,221

 
5,221

 
0

U.S. government notes
 
10,853

 
77

 
(1
)
 
10,929

 
0

 
10,929

Marketable equity securities
 
12

 
88

 
0

 
100

 
0

 
100

 
 
16,086

 
165

 
(1
)
 
16,250

 
5,221

 
11,029

Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
Time deposits(1)
 
984

 
0

 
0

 
984

 
562

 
422

Money market and other funds(2)
 
929

 
0

 
0

 
929

 
929

 
0

U.S. government agencies
 
1,882

 
20

 
0

 
1,902

 
0

 
1,902

Foreign government bonds
 
1,996

 
81

 
(3
)
 
2,074

 
0

 
2,074

Municipal securities
 
2,249

 
23

 
(6
)
 
2,266

 
0

 
2,266

Corporate debt securities
 
7,200

 
414

 
(14
)
 
7,600

 
0

 
7,600

Agency residential mortgage-backed securities
 
7,039

 
136

 
(6
)
 
7,169

 
0

 
7,169

Asset-backed securities
 
847

 
1

 
0

 
848

 
0

 
848

 
 
23,126

 
675

 
(29
)
 
23,772

 
1,491

 
22,281

Total
 
$
47,278

 
$
840

 
$
(30
)
 
$
48,088

 
$
14,778

 
$
33,310

 
 
As of December 31, 2013
 
 
Adjusted
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Cash and
Cash
Equivalents
 
Marketable
Securities
Cash
 
$
9,909

 
$
0

 
$
0

 
$
9,909

 
$
9,909

 
$
0

Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
Money market and other funds
 
4,428

 
0

 
0

 
4,428

 
4,428

 
0

U.S. government notes
 
18,276

 
23

 
(37
)
 
18,262

 
2,501

 
15,761

Marketable equity securities
 
197

 
167

 
0

 
364

 
0

 
364

 
 
22,901

 
190

 
(37
)
 
23,054

 
6,929

 
16,125

Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
Time deposits(1)
 
1,207

 
0

 
0

 
1,207

 
790

 
417

Money market and other funds(2)
 
1,270

 
0

 
0

 
1,270

 
1,270

 
0

U.S. government agencies
 
4,575

 
3

 
(3
)
 
4,575

 
0

 
4,575

Foreign government bonds
 
1,502

 
5

 
(26
)
 
1,481

 
0

 
1,481

Municipal securities
 
2,904

 
9

 
(36
)
 
2,877

 
0

 
2,877

Corporate debt securities
 
7,300

 
162

 
(67
)
 
7,395

 
0

 
7,395

Agency residential mortgage-backed securities
 
5,969

 
27

 
(187
)
 
5,809

 
0

 
5,809

Asset-backed securities
 
1,142

 
0

 
(2
)
 
1,140

 
0

 
1,140

 
 
25,869

 
206

 
(321
)
 
25,754

 
2,060

 
23,694

Total
 
$
58,679

 
$
396

 
$
(358
)
 
$
58,717

 
$
18,898

 
$
39,819


(1)
Majority of our time deposits are foreign deposits.

(2)
The balances at December 31, 2012 and December 31, 2013 were related to cash collateral received in connection with our securities lending program, which was invested in reverse repurchase agreements maturing within three months. See below for further discussion of this program.


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