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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Values on a Recurring Basis | The fair values of certain financial assets and liabilities were as follows (in millions):
| September 30, 2025 |  | December 31, 2024
| Fair Value |  | Fair Value Measurement Using |  | Fair Value |  | Fair Value Measurement Using
| Level 1 |  | Level 2 |  | Level 3 |  |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (1) | $ | 1,369 |  |  | $ | 1,369 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | 2,401 |  |  | $ | — |  |  | $ | — |
Time deposits (2) | 600 |  |  | 44 |  |  | 556 |  |  | — |  |  | 642 |  |  | 115 |  |  | 527 |  |  | — |
U.S. government securities (3) | 299 |  |  | — |  |  | 299 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loan receivable (4) | 345 |  |  | — |  |  | — |  |  | 345 |  |  | 280 |  |  | — |  |  | — |  |  | 280 |
Derivative instruments (5) | 231 |  |  | — |  |  | 231 |  |  | — |  |  | 591 |  |  | — |  |  | 591 |  |  | — |
Total | $ | 2,844 |  |  | $ | 1,413 |  |  | $ | 1,086 |  |  | $ | 345 |  |  | $ | 3,914 |  |  | $ | 2,516 |  |  | $ | 1,118 |  |  | $ | 280 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments (5) | $ | 203 |  |  | $ | — |  |  | $ | 203 |  |  | $ | — |  |  | $ | 72 |  |  | $ | — |  |  | $ | 72 |  |  | $ | — |
Mortgage and loans payable (6) | 706 |  |  | — |  |  | 706 |  |  | — |  |  | 654 |  |  | — |  |  | 654 |  |  | — |
Senior notes (6) | 15,605 |  |  | 15,124 |  |  | 481 |  |  | — |  |  | 13,342 |  |  | 12,851 |  |  | 491 |  |  | — |
Total | $ | 16,514 |  |  | $ | 15,124 |  |  | $ | 1,390 |  |  | $ | — |  |  | $ | 14,068 |  |  | $ | 12,851 |  |  | $ | 1,217 |  |  | $ | — |
(1)Instruments are included within cash and cash equivalents in our condensed consolidated balance sheets, and are measured at fair value. (2)Instruments are included within cash and cash equivalents and short-term investments in our condensed consolidated balance sheets, and are measured at amortized cost. (3)Instruments are included within short-term investments in our condensed consolidated balance sheets, and are measured at amortized cost. All of our U.S. government securities are held to maturity and mature within one year. As of September 30, 2025, no allowance for credit losses was recorded for these securities and there are insignificant unrecognized gains and losses. (4)Instrument is included within other assets in our condensed consolidated balance sheets, and is measured at amortized cost. Refer to Note 5. (5)Instruments are included within other current assets, other assets, other current liabilities and other liabilities in our condensed consolidated balance sheets, and are measured at fair value. Refer to Note 6. (6)Include current and non-current portions and are measured at amortized cost. Refer to Note 9.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + 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 + Details
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