Table:
|  |  | April 26, 2019 |  |
| --- | --- | --- | --- |
|  |  | Fair Value Measurements at Reporting Date Using |  |
|  | Total | Level 1 | Level 2 |
| Cash | $ 2,216 | $  2,216 | $  — |
| Corporate bonds | 1,353 | — | 1,353 |
| U.S. Treasury and government debt securities | 213 | 131 | 82 |
| Certificates of deposit | 117 | — | 117 |
| Total cash, cash equivalents and short-term investments | $ 3,899 | $ 2,347 | $ 1,552 |
| Other items: |  |  |  |
| Mutual funds (1) | $ 6 | $  6 | $  — |
| Mutual funds (2) | $ 29 | $  29 | $  — |
| Foreign currency exchange contracts assets (1) | $ 4 | $  — | $ 4 |
| Foreign currency exchange contracts liabilities (3) | (1 ) | $  — | (1 ) |
Paragraphs:
Fair Value of Financial Instruments
The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis (in millions):
(1) Reported as other current assets in the consolidated balance sheets
(2) Reported as other non-current assets in the consolidated balance sheets
(3) Reported as accrued expenses in the consolidated balance sheets
Question:
What was the fair value of Level 2 Total cash, cash equivalents and short-term investments as a percentage of the total cash, cash equivalents and short-term investments?
Answer: 1552/3899 = 39.81