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Financial Instruments | 12 Months Ended
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Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Financial Instruments | FINANCIAL INSTRUMENTS Cash, Cash Equivalents, Restricted Cash, and Marketable Securities As of December 31, 2023 and 2024, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
| December 31, 2023
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Total Estimated Fair Value
Cash | $ | 11,706 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,706 |
Level 1 securities: |  |  |  |  |  |  |
Money market funds | 39,160 |  |  | — |  |  | — |  |  | 39,160 |
Equity securities (1) |  |  |  |  |  |  | 4,658 |
Level 2 securities: |  |  |  |  |  |  |
Foreign government and agency securities | 505 |  |  | — |  |  | — |  |  | 505 |
U.S. government and agency securities | 1,789 |  |  | 1 |  |  | (91) |  |  | 1,699 |
Corporate debt securities | 27,996 |  |  | — |  |  | (191) |  |  | 27,805 |
Asset-backed securities | 1,707 |  |  | — |  |  | (61) |  |  | 1,646 |
Other debt securities | 108 |  |  | — |  |  | (4) |  |  | 104 |
| $ | 82,971 |  |  | $ | 1 |  |  | $ | (347) |  |  | $ | 87,283 |
Less: Restricted cash, cash equivalents, and marketable securities (2) |  |  |  |  |  |  | (503) |
Total cash, cash equivalents, and marketable securities |  |  |  |  |  |  | $ | 86,780 |
| December 31, 2024
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Total Estimated Fair Value
Cash | $ | 17,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 17,055 |
Level 1 securities: |  |  |  |  |  |  |
Money market funds | 28,282 |  |  | — |  |  | — |  |  | 28,282 |
Equity securities (1) |  |  |  |  |  |  | 3,318 |
Level 2 securities: |  |  |  |  |  |  |
Foreign government and agency securities | 177 |  |  | — |  |  | — |  |  | 177 |
U.S. government and agency securities | 3,452 |  |  | 1 |  |  | (52) |  |  | 3,401 |
Corporate debt securities | 50,959 |  |  | 3 |  |  | (50) |  |  | 50,912 |
Asset-backed securities | 1,539 |  |  | 2 |  |  | (18) |  |  | 1,523 |
Other debt securities | 68 |  |  | — |  |  | (1) |  |  | 67 |
| $ | 101,532 |  |  | $ | 6 |  |  | $ | (121) |  |  | $ | 104,735 |
Less: Restricted cash, cash equivalents, and marketable securities (2) |  |  |  |  |  |  | (3,533) |
Total cash, cash equivalents, and marketable securities |  |  |  |  |  |  | $ | 101,202 |
___________________ (1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(13.6) billion, $1.0 billion, and $(1.3) billion for the years ended December 31, 2022, 2023, and 2024. (2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, standby and trade letters of credit, and licenses of digital media content. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 7 — Commitments and Contingencies.” The following table summarizes gross gains and gross losses realized on sales of marketable debt securities (in millions):
| Year Ended December 31,
| 2022 |  | 2023 |  | 2024
Realized gains | $ | 43 |  |  | $ | 2 |  |  | $ | 3 |
Realized losses | 341 |  |  | 67 |  |  | 10 |
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of December 31, 2024 (in millions):
| Amortized Cost |  | Estimated Fair Value
Due within one year | $ | 78,065 |  |  | $ | 78,046 |
Due after one year through five years | 5,023 |  |  | 4,969 |
Due after five years through ten years | 560 |  |  | 553 |
Due after ten years | 829 |  |  | 794 |
Total | $ | 84,477 |  |  | $ | 84,362 |
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions. Consolidated Statements of Cash Flows Reconciliation The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
| December 31, 2023 |  | December 31, 2024
Cash and cash equivalents | $ | 73,387 |  |  | $ | 78,779 |
Restricted cash included in accounts receivable, net and other | 497 |  |  | 247 |
Restricted cash included in other assets | 6 |  |  | 3,286 |
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | $ | 73,890 |  |  | $ | 82,312 |

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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