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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Disclosure and Measurement

Assets and liabilities measured or disclosed at fair value are summarized below:

		Total fair value at December 31, 2016				Fair value measurement or disclosure at December 31, 2016 using
						Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Total losses
		RMB				RMB				RMB				RMB				RMB
		(In millions)
Fair value disclosure (Notes 2 and 4)
Cash equivalents
Time deposits			1,674								1,674
Money market fund			4,419				4,419
Short-term investments
Fixed-rate held-to-maturity investments			41,868								41,868
Long-term notes payable			33,253								33,253
Fair value measurements
Recurring
Short-term investments
Fixed-rate available-for-sale debt investments			14,378								14,378
Adjustable-rate available-for-sale debt investments			14,987								14,987
Available-for-sale equity investments			29				29
Other invested securities			7,748								7,748
Long-term investments
Available-for-sale equity investments			497				497
Non-recurring
Long-term investments															3				(151	)
Intangible assets															—				(1	)
Total assets measured at fair value			37,639				526				37,113				3				(152	)

In 2016, the value of a cost method investment was written down to zero, as a result of declining financial performance and a change in the business circumstances of the investee. The corresponding impairment charge incurred was recorded in earnings for the year then ended.

		Total fair value at December 31, 2017								Fair value measurement or disclosure at December 31, 2017 using
										Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs  (Level 3)				Total losses
		RMB				US$				RMB				RMB				RMB				RMB				US$
		(In millions)
Fair value disclosure (Notes 2 and 4)
Cash equivalents
Time deposits			130				20								130
Money market fund			2,384				366				2,384
Short-term investments
Fixed-rate held-to-maturity investments			48,695				7,484								48,695
Long-term notes payable			35,943				5,524								35,943
Fair value measurements
Recurring
Short-term investments
Fixed-rate available-for-sale debt investments			30,022				4,614								30,022
Adjustable-rate available-for-sale debt investments			10,693				1,643								10,693
Other invested securities			18,350				2,820								18,350
Long-term investments
Available-for-sale equity investments			2,773				426				2,773
Investments accounted for at fair value			321				49												321
Other non-current assets
Derivative Instruments			168				26								168
Non-recurring
Long-term investments																			203				(575	)			(88	)
Intangible assets																			272				(139	)			(21	)
Fixed assets																			—				(70	)			(11	)
Other non-current assets																			4				(37	)			(6	)
Total assets measured at fair value			62,327				9,578				2,773				59,233				800				(821	)			(126	)

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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- References

No definition available.

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