General Motors 2010 Annual Report Download - page 246

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
At December 31, 2010, aside from the Brazilian matter, it is not possible to reasonably estimate the expected change to the total
amount of unrecognized tax benefits in the next twelve months.
Note 24. Fair Value Measurements
Automotive
Fair Value Measurements on a Recurring Basis
The following tables summarize the financial instruments measured at fair value on a recurring basis (dollars in millions):
Successor
Fair Value Measurements on a Recurring Basis
at December 31, 2010
Level 1 Level 2 Level 3 Total
Assets
Cash equivalents (a)
United States government and agency ...................................... $ — $ 1,085 $— $ 1,085
Sovereign debt ........................................................ — 523 — 523
Certificates of deposit .................................................. — 2,705 — 2,705
Money market funds ................................................... 4,844 — — 4,844
Commercial paper ..................................................... — 3,807 — 3,807
Marketable securities
Trading securities
Equity ............................................................. 21 17 — 38
Debt .............................................................. — 98 — 98
Available–for–sale securities
United States government and agency .................................... — 2,023 — 2,023
Sovereign debt ...................................................... — 773 — 773
Certificates of deposit ................................................ — 954 — 954
Corporate debt ...................................................... — 1,669 — 1,669
Restricted cash and marketable securities (a)
United States government and agency ...................................... — 99 — 99
Money market funds ................................................... 345 — — 345
Sovereign debt ........................................................ — 1,011 — 1,011
Corporate debt ........................................................ — 19 — 19
Other assets
Equity ............................................................... 5 — — 5
Convertible debt ....................................................... — — 10 10
Derivatives
Commodity ........................................................... — 93 — 93
Foreign currency ...................................................... — 80 — 80
Other ................................................................ — 44 — 44
Total assets ............................................................. $5,215 $15,000 $10 $20,225
Liabilities
Other liabilities
Options .............................................................. $ — $ — $24 $ 24
Derivatives
Foreign currency ...................................................... — 113 — 113
Commodity ........................................................... — 9 — 9
Total liabilities .......................................................... $ — $ 122 $24 $ 146
(a) Cash and time deposits recorded in Cash and cash equivalents and Restricted cash and marketable securities have been excluded.
244 General Motors Company 2010 Annual Report