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Fair Value Measurements and Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis (in millions):
| December 31, 2023
| Level 1 | Level 2 | Level 3 | Total
Assets |  |  |  |
Cash and 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 |
| 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 |
| — |  | 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 |
| June 30, 2024
| Level 1 | Level 2 | Level 3 | Total
Assets |  |  |  |
Cash and cash equivalents: |  |  |  |
Money market funds | $ | 1,446 |  | $ | — |  | $ | — |  | $ | 1,446 |
Government bonds | — |  | 102 |  | — |  | 102 |
Commercial paper | — |  | 144 |  | — |  | 144 |
Corporate debt securities | — |  | 54 |  | — |  | 54 |
| 1,446 |  | 300 |  | — |  | 1,746 |
Short-term investments: |  |  |  |
Certificates of deposit | — |  | 11 |  | — |  | 11 |
Government bonds | — |  | 352 |  | — |  | 352 |
Commercial paper | — |  | 364 |  | — |  | 364 |
Corporate debt securities | — |  | 1,685 |  | — |  | 1,685 |
Mortgage-backed and asset-backed securities | — |  | 217 |  | — |  | 217 |
| — |  | 2,629 |  | — |  | 2,629 |
Funds receivable and amounts held on behalf of customers: |  |  |  |
Money market funds | 2,701 |  | — |  | — |  | 2,701 |
Prepaids and other current assets: |  |  |  |
Foreign exchange derivative assets | — |  | 63 |  | — |  | 63 |
Other assets, noncurrent: |  |  |  |
Foreign exchange derivative assets | — |  | 1 |  | — |  | 1 |
Corporate debt securities | — |  | — |  | 4 |  | 4 |
Total assets at fair value | $ | 4,147 |  | $ | 2,993 |  | $ | 4 |  | $ | 7,144 |
Liabilities |  |  |  |
Accrued expenses, accounts payable and other current liabilities: |  |  |  |
Foreign exchange derivative liabilities | $ | — |  | $ | 13 |  | $ | — |  | $ | 13 |
Total liabilities at fair value | $ | — |  | $ | 13 |  | $ | — |  | $ | 13 |

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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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