XML 54 R35.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Fair Value Measurements and Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value | The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis (in millions):
| December 31, 2022
| Level 1 | Level 2 | Level 3 | Total
Assets |  |  |  |
Cash equivalents: |  |  |  |
Money market funds | $ | 2,326 |  | $ | — |  | $ | — |  | $ | 2,326 |
Certificates of deposit | 26 |  | — |  | — |  | 26 |
Government bonds | — |  | 32 |  | — |  | 32 |
Commercial paper | — |  | 327 |  | — |  | 327 |
Corporate debt securities | — |  | 68 |  | — |  | 68 |
Total cash equivalents at fair value | 2,352 |  | 427 |  | — |  | 2,779 |
Short-term investments: |  |  |  |
Certificates of deposit | 573 |  | — |  | — |  | 573 |
Government bonds | — |  | 83 |  | — |  | 83 |
Commercial paper | — |  | 574 |  | — |  | 574 |
Corporate debt securities | — |  | 959 |  | — |  | 959 |
Mortgage-backed and asset-backed securities | — |  | 34 |  | — |  | 34 |
Equity investments | 1 |  | — |  | — |  | 1 |
Total short-term investments at fair value | 574 |  | 1,650 |  | — |  | 2,224 |
Funds receivable and amounts held on behalf of customers: |  |  |  |
Money market funds | 501 |  | — |  | — |  | 501 |
Prepaids and other current assets: |  |  |  |
Foreign exchange derivative assets | — |  | 14 |  | — |  | 14 |
Other assets, noncurrent: |  |  |  |
Corporate debt securities | — |  | — |  | 4 |  | 4 |
Total assets at fair value | $ | 3,427 |  | $ | 2,091 |  | $ | 4 |  | $ | 5,522 |
Liabilities |  |  |  |
Accrued expenses, accounts payable, and other current liabilities: |  |  |  |
Foreign exchange derivative liabilities | $ | — |  | $ | 31 |  | $ | — |  | $ | 31 |
Total liabilities at fair value | $ | — |  | $ | 31 |  | $ | — |  | $ | 31 |
| December 31, 2023
| Level 1 | Level 2 | Level 3 | Total
Assets |  |  |  |
Cash equivalents: |  |  |  |
Money market funds | $ | 2,018 |  | $ | — |  | $ | — |  | $ | 2,018 |
Certificates of deposit | — |  | 1 |  | — |  | 1 |
Government bonds | — |  | 115 |  | — |  | 115 |
Commercial paper | — |  | 223 |  | — |  | 223 |
Corporate debt securities | — |  | 12 |  | — |  | 12 |
Total cash equivalents at fair value | 2,018 |  | 351 |  | — |  | 2,369 |
Short-term investments: |  |  |  |
Certificates of deposit | — |  | 172 |  | — |  | 172 |
Government bonds | — |  | 333 |  | — |  | 333 |
Commercial paper | — |  | 366 |  | — |  | 366 |
Corporate debt securities | — |  | 1,491 |  | — |  | 1,491 |
Mortgage-backed and asset-backed securities | — |  | 145 |  | — |  | 145 |
Total short-term investments at fair value | — |  | 2,507 |  | — |  | 2,507 |
Funds receivable and amounts held on behalf of customers: |  |  |  |
Money market funds | 1,360 |  | — |  | — |  | 1,360 |
Prepaids and other current assets: |  |  |  |
Foreign exchange derivative assets | — |  | 27 |  | — |  | 27 |
Other assets, noncurrent: |  |  |  |
Corporate debt securities | — |  | — |  | 4 |  | 4 |
Total assets at fair value | $ | 3,378 |  | $ | 2,885 |  | $ | 4 |  | $ | 6,267 |
Liabilities |  |  |  |
Accrued expenses, accounts payable, and other current liabilities: |  |  |  |
Foreign exchange derivative liabilities | $ | — |  | $ | 55 |  | $ | — |  | $ | 55 |
Other liabilities, noncurrent: |  |  |  |
Foreign exchange derivative liabilities | — |  | 5 |  | — |  | 5 |
Total liabilities at fair value | $ | — |  | $ | 60 |  | $ | — |  | $ | 60 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/2003/role/disclosureRef -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 2: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration