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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Financial assets and liabilities carried at fair value and nonrecurring fair value measurements
Financial assets and liabilities measured at fair value on a recurring basis at December 31, 2024 and 2023 and nonrecurring basis, as applicable, are categorized below based on the level of inputs to the valuation techniques used to measure fair value (see Note 2):
(in millions)Level 1Level 2Level 3Total
December 31, 2024
Recurring fair value measurements
ASSETS:    
Cash equivalents and restricted cash equivalents:
Money market fund investments$14,806 $— $— $14,806 
Certificates of deposit120 — — 120 
Long-term investments:
Equity securities391 — — 391 
Derivatives:
Foreign currency exchange derivatives— 70 — 70 
LIABILITIES:
Derivatives:
Foreign currency exchange derivatives$— $93 $— $93 
Embedded derivative liability— 1,300 — 1,300 
December 31, 2023
Recurring fair value measurements
ASSETS:
Cash equivalents and restricted cash equivalents:
Money market fund investments$10,871 $— $— $10,871 
Certificates of deposit97 — — 97 
Short-term investments:
International government securities— 63 — 63 
U.S. government securities— 151 — 151 
Corporate debt securities— 362 — 362 
Long-term investments:
Equity securities311 — — 311 
Derivatives:
Foreign currency exchange derivatives— 62 — 62 
LIABILITIES:
Derivatives:
Foreign currency exchange derivatives$— $36 $— $36 
Nonrecurring fair value measurements
Investment in equity securities of a private entity (1)
$— $— $98 $98 
(1)    During the year ended December 31, 2023, the investment in Yanolja was written down to its estimated fair value.
Schedule of derivative instruments
The effect of foreign currency exchange derivatives recorded in "Other income (expense), net" in the Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022 is as follows:
Year Ended December 31,
(in millions)202420232022
Losses on foreign currency exchange derivatives
$(156)$(106)$(52)