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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
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 September 30, 2025:
(in millions)Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$30 $— $— $30 
Time deposits— 688 — 688 
Short-term investments:
Time deposits— — 
Equity investment security12 — — 12 
Other current assets:
Foreign exchange forward contracts
— — 
Accrued expenses and other current liabilities:
Foreign exchange forward contracts
— (55)— (55)
Other noncurrent liabilities:
Foreign exchange forward contracts— (18)— (18)
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 1Level 2Level 3Total
Cash equivalents:
Money market funds$40 $— $— $40 
Time deposits— 991 — 991 
Short-term investments:
Time deposits— — 
Equity investment security11 — — 11 
Other current assets:
Foreign exchange forward contracts— — 
Accrued expenses and other current liabilities:
Foreign exchange forward contracts— (24)— (24)
Other noncurrent liabilities:
Foreign exchange forward contracts— (13)— (13)