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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | Financial assets and liabilities measured at fair value on a recurring basis are classified in the categories described in the table below:
(in millions) |  | Level 1 |  | Level 2 |  |  |  | Total
June 30, 2025 |  |  |  |  |  |  |  |
ASSETS: |  |  |  |  |  |  |  |
Money market fund investments and certificates of deposit (1) |  | $ | 16,271 |  |  | $ | — |  |  |  |  | $ | 16,271 |
Investments in equity securities |  | 415 |  |  | — |  |  |  |  | 415 |
Foreign currency exchange derivatives |  | — |  |  | 83 |  |  |  |  | 83 |
LIABILITIES: |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | $ | — |  |  | $ | 88 |  |  |  |  | $ | 88 |
December 31, 2024 |  |  |  |  |  |  |  |
ASSETS: |  |  |  |  |  |  |  |
Money market fund investments and certificates of deposit (1) |  | $ | 14,926 |  |  | $ | — |  |  |  |  | $ | 14,926 |
Investments in equity securities |  | 391 |  |  | — |  |  |  |  | 391 |
Foreign currency exchange derivatives |  | — |  |  | 70 |  |  |  |  | 70 |
LIABILITIES: |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | $ | — |  |  | $ | 93 |  |  |  |  | $ | 93 |
Embedded derivative liability |  | — |  |  | 1,300 |  |  |  |  | 1,300 |
(1) Primarily consists of money market fund investments.
Effect of Foreign Currency Exchange Derivatives | The effect of foreign currency exchange derivatives recorded in "Other income (expense), net" in the Unaudited Consolidated Statements of Operations is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
(Losses) gains on foreign currency exchange derivatives |  | $ | (5) |  |  | $ | (77) |  |  | $ | 54 |  |  | $ | (162) |

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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