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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Financial Assets And (Liabilities) Measured At Fair Value On A Recurring Basis

The following table summarizes the financial assets and (liabilities) measured at fair value on a recurring basis as of December 31, 2024:

(in millions)			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	40					$	—					$	—					$	40
Time deposits			—						991						—						991
Short-term investments:
Time deposits			—						1						—						1
Equity investment security			11						—						—						11
Other current assets:
Foreign exchange forward contracts			—						2						—						2
Accrued expenses and other current liabilities:
Foreign exchange forward contracts			—						(24)						—						(24)
Other noncurrent liabilities:
Foreign exchange forward contracts			—						(13)						—						(13)

The following table summarizes the financial assets and (liabilities) measured at fair value on a recurring basis as of December 31, 2023:

(in millions)			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	327					$	—					$	—					$	327
Time deposits			—						834						—						834
Short-term investments:
Equity investment security			11						—						—						11
Other current assets:
Foreign exchange forward contracts			—						15						—						15
Long-term investments:
Restricted time deposits (1)			—						355						—						355
Other noncurrent assets:
Foreign exchange forward contracts			—						5						—						5
Accrued expenses and other current liabilities:
Foreign exchange forward contracts			—						(14)						—						(14)
Contingent consideration liabilities			—						—						(30)						(30)
Other noncurrent liabilities:
Foreign exchange forward contracts			—						(1)						—						(1)

(1)See Note 11

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings

The following table summarizes the changes in Level 3 contingent consideration liabilities:

(in millions)						2024						2023
Beginning balance						$	30					$	22
Change in fair value recognized in SG&A expenses						—						17
Payments and other adjustments						(30)						(9)
Ending balance						$	—					$	30

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 102
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-102

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- References

No definition available.

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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/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

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