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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value
The following table summarizes the types of assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy:
 December 31, 2021December 31, 2020
(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:        
Available-for-sale debt securities:
U.S. treasury securities$407 $— $— $407 $309 $— $— $309 
U.S. government agencies securities— 4 — 4 — — — — 
Non-U.S. government securities— 50 — 50 — 43 — 43 
Certificates of deposit— 249 — 249 — 216 — 216 
Corporate debt securities— 1,363 — 1,363 — 1,142 — 1,142 
Residential mortgage and asset-backed securities— 424 — 424 — 316 — 316 
Equity securities:
Money market funds3,661 — — 3,661 4,361 — — 4,361 
Equity investment in Galapagos(1)
931 — — 931 1,648 — — 1,648 
Equity investment in Arcus(1)
559 — — 559 212 — — 212 
Other publicly traded equity securities331 — — 331 531 — — 531 
Deferred compensation plan261 — — 261 218 — — 218 
Foreign currency derivative contracts— 80 — 80 — 12 — 12 
Total$6,150 $2,170 $— $8,320 $7,279 $1,729 $— $9,008 
Liabilities:        
Liability for MYR GmbH (“MYR”) contingent consideration$— $— $317 $317 $— $— $— $— 
Deferred compensation plan261 — — 261 218 — — 218 
Foreign currency derivative contracts— 5 — 5 — 121 — 121 
Total$261 $5 $317 $583 $218 $121 $— $339 
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(1)     See Note 11. Collaborations and Other Arrangements for additional information.
Summary of Classification of Other Equity Securities
The following table summarizes the classification of our equity securities measured at fair value on a recurring basis on our Consolidated Balance Sheets:
(in millions)December 31, 2021December 31, 2020
Cash and cash equivalents$3,661 $4,361 
Prepaid and other current assets885 853 
Other long-term assets1,197 1,756 
Total$5,743 $6,970