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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Our assets and liabilities that were measured at fair value on a recurring basis were as follows (in millions):

			December 31, 2023																								December 31, 2022
			Fair Value						Level I						Level II						Level III						Fair Value						Level I						Level II						Level III
Money market funds			$	109					$	109					$	—					$	—					$	2,188					$	2,188					$	—					$	—
U.S. government securities			5,136						—						5,136						—						894						—						894						—
Corporate debt securities			480						—						480						—						885						—						885						—
Certificates of deposit and time deposits			6,996						—						6,996						—						4,253						—						4,253						—
Commercial paper			470						—						470						—						—						—						—						—
Total			$	13,191					$	109					$	13,082					$	—					$	8,220					$	2,188					$	6,032					$	—

Unrealized Gain (Loss) on Investments

Our cash, cash equivalents and investments classified by security type as of December 31, 2023 and 2022 consisted of the following (in millions):

			December 31, 2023
			Adjusted Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value						Cash and Cash Equivalents						Short-Term Investments
Cash			$	15,903					$	—					$	—					$	15,903					$	15,903					$	—
Money market funds			109						—						—						109						109						—
U.S. government securities			5,136						1						(1)						5,136						277						4,859
Corporate debt securities			485						1						(6)						480						—						480
Certificates of deposit and time deposits			6,995						1						—						6,996						—						6,996
Commercial paper			470						—						—						470						109						361
Total cash, cash equivalents and short-term investments			$	29,098					$	3					$	(7)					$	29,094					$	16,398					$	12,696

			December 31, 2022
			Adjusted Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value						Cash and Cash Equivalents						Short-Term Investments
Cash			$	13,965					$	—					$	—					$	13,965					$	13,965					$	—
Money market funds			2,188						—						—						2,188						2,188						—
U.S. government securities			897						—						(3)						894						—						894
Corporate debt securities			907						—						(22)						885						—						885
Certificates of deposit and time deposits			4,252						1						—						4,253						100						4,153
Total cash, cash equivalents and short-term investments			$	22,209					$	1					$	(25)					$	22,185					$	16,253					$	5,932

Summary of Fair Value of Marketable Securities by Contractual Maturities

The following table summarizes the fair value of our investments by stated contractual maturities as of December 31, 2023 (in millions):

Due in 1 year or less			$	12,374
Due in 1 year through 5 years			297
Due in 5 years through 10 years			25
Total			$	12,696

Schedule of Estimated Fair Values and Carrying Values

The following table presents the estimated fair values and the carrying values (in millions):

			December 31, 2023												December 31, 2022
			Carrying Value						Fair Value						Carrying Value						Fair Value
2024 Notes			$	37					$	443					$	37					$	223
Digital assets, net			$	184					$	487					$	184					$	191

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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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