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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Investments | The following table summarizes the Company's investments by major security type at December 31, 2024 and 2023:
(in millions) |  | Cost |  | Gross Unrealized Gains /Upward Adjustments |  | Gross Unrealized Losses /Downward Adjustments |  | Carrying Value
December 31, 2024 |  |  |  |  |  |  |  |
Long-term investments: |  |  |  |  |  |  |  |
Equity securities with readily determinable fair values |  | $ | 715 |  |  | $ | — |  |  | $ | (324) |  |  | $ | 391 |
Equity securities of private entities |  | 111 |  |  | 259 |  |  | (225) |  |  | 145 |
Total long-term investments |  | $ | 826 |  |  | $ | 259 |  |  | $ | (549) |  |  | $ | 536 |
December 31, 2023 |  |  |  |  |  |  |  |
Short-term investments: |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
International government securities |  | $ | 63 |  |  | $ | — |  |  | $ | — |  |  | $ | 63 |
U.S. government securities (1) |  | 152 |  |  | — |  |  | (1) |  |  | 151 |
Corporate debt securities |  | 365 |  |  | — |  |  | (3) |  |  | 362 |
Total short-term investments |  | $ | 580 |  |  | $ | — |  |  | $ | (4) |  |  | $ | 576 |
Long-term investments: |  |  |  |  |  |  |  |
Equity securities with readily determinable fair values |  | $ | 715 |  |  | $ | — |  |  | $ | (404) |  |  | $ | 311 |
Equity securities of private entities |  | 78 |  |  | 259 |  |  | (208) |  |  | 129 |
Total long-term investments |  | $ | 793 |  |  | $ | 259 |  |  | $ | (612) |  |  | $ | 440 |
(1) Includes investments in U.S. municipal bonds.
Unrealized Gain (Loss) on Investments | Net unrealized gains (losses) related to these investments included in "Other income (expense), net" in the Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022 were as follows:
|  | Year Ended December 31,
(in millions) |  | 2024 |  | 2023 |  | 2022
Grab |  | $ | 57 |  |  | $ | 7 |  |  | $ | (165) |
DiDi |  | 24 |  |  | 30 |  |  | (70) |
Meituan |  | — |  |  | — |  |  | (526) |

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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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