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INVESTMENTS (Tables)
12 Months Ended
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)CostGross
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 entities111 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 securities365 — (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 entities78 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)202420232022
Grab
$57 $$(165)
DiDi
24 30 (70)
Meituan
— — (526)