XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.23.1

INVESTMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract] |  |
Investments | The following table summarizes the Company's investments by major security type at March 31, 2023 (in millions):
|  | Cost |  | Gross Unrealized Gains /Upward Adjustments |  | Gross Unrealized Losses /Downward Adjustments |  | Carrying Value
Short-term investments: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
International government securities |  | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
U.S. government securities (1) |  | 145 |  |  | — |  |  | (1) |  |  | 144 |
Corporate debt securities |  | 180 |  |  | — |  |  | (3) |  |  | 177 |
Total short-term investments |  | $ | 363 |  |  | $ | — |  |  | $ | (4) |  |  | $ | 359 |
Long-term investments: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
International government securities |  | $ | 41 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 40 |
U.S. government securities |  | 113 |  |  | — |  |  | (2) |  |  | 111 |
Corporate debt securities |  | 220 |  |  | — |  |  | (3) |  |  | 217 |
Total debt securities |  | 374 |  |  | — |  |  | (6) |  |  | 368 |
Equity securities: |  |  |  |  |  |  |  |
Equity securities with readily determinable fair values |  | 715 |  |  | — |  |  | (430) |  |  | 285 |
Equity securities of private companies |  | 78 |  |  | 259 |  |  | (184) |  |  | 153 |
Total equity securities |  | 793 |  |  | 259 |  |  | (614) |  |  | 438 |
Total long-term investments |  | $ | 1,167 |  |  | $ | 259 |  |  | $ | (620) |  |  | $ | 806 |
(1) Includes investments in U.S. municipal bonds. The following table summarizes the Company's investments by major security type at December 31, 2022 (in millions):
|  | Cost |  | Gross Unrealized Gains/Upward Adjustments |  | Gross Unrealized Losses/Downward Adjustments |  | Carrying Value
Short-term investments: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
International government securities |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 13 |
U.S. government securities (1) |  | 131 |  |  | — |  |  | (1) |  |  | 130 |
Corporate debt securities |  | 32 |  |  | — |  |  | — |  |  | 32 |
Total short-term investments |  | $ | 176 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 175 |
Long-term investments: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
International government securities |  | $ | 63 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 62 |
U.S. government securities (1) |  | 147 |  |  | — |  |  | (3) |  |  | 144 |
Corporate debt securities |  | 366 |  |  | — |  |  | (7) |  |  | 359 |
Total debt securities |  | 576 |  |  | — |  |  | (11) |  |  | 565 |
Equity securities: |  |  |  |  |  |  |  |
Equity securities with readily determinable fair values |  | 1,165 |  |  | 1,352 |  |  | (446) |  |  | 2,071 |
Equity securities of private companies |  | 78 |  |  | 259 |  |  | (184) |  |  | 153 |
Total equity securities |  | 1,243 |  |  | 1,611 |  |  | (630) |  |  | 2,224 |
Total long-term investments |  | $ | 1,819 |  |  | $ | 1,611 |  |  | $ | (641) |  |  | $ | 2,789 |
(1) Includes investments in U.S. municipal bonds. | [1]
Unrealized Gains (Losses) on Investments | Net unrealized gains (losses) related to these investments included in "Other income (expense), net" in the Unaudited Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 were as follows (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2023 |  | 2022
DiDi |  |  |  |  |  | $ | 25 |  |  | $ | (97) |
Grab |  |  |  |  |  | (9) |  |  | (153) |
Meituan |  |  |  |  |  | — |  |  | (728) |
[1] | Includes investments in U.S. municipal bonds.

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI https://asc.fasb.org/topic&trid=2197064 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI https://asc.fasb.org/topic&trid=75115024 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration