XML 44 R31.htm IDEA: XBRL DOCUMENT v3.25.3
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis and nonrecurring basis, as applicable, are classified in the categories described in the table below:
(in millions)Level 1Level 2Level 3Total
September 30, 2025
Recurring fair value measurements
ASSETS:
Money market fund investments and certificates of deposit (1)
$15,212 $— $— $15,212 
Investments in equity securities507 — — 507 
Foreign currency exchange derivatives— 30 — 30 
LIABILITIES:
Foreign currency exchange derivatives$— $36 $— $36 
Nonrecurring fair value measurements
Long-lived assets (2)
$— $— $179 $179 
Goodwill (2)
— — 203 203 
December 31, 2024
Recurring fair value measurements
ASSETS:
Money market fund investments and certificates of deposit (1)
$14,926 $— $— $14,926 
Investments in equity securities391 — — 391 
Foreign currency exchange derivatives— 70 — 70 
LIABILITIES:
Foreign currency exchange derivatives$— $93 $— $93 
Embedded derivative liability— 1,300 — 1,300 
(1)    Primarily consists of money market fund investments.
(2)    See Note 8 for additional information.
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
September 30,
Nine Months Ended
September 30,
(in millions)2025202420252024
(Losses) gains on foreign currency exchange derivatives
$(44)$130 $10 $(32)