XML 22 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Cash, Cash Equivalents, Restricted Cash and Investments
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash, Cash Equivalents, Restricted Cash and Investments Cash, Cash Equivalents, Restricted Cash and Investments
Cash, cash equivalents and restricted cash were as follows (in millions):
As of
June 30,
2026		December 31,
2025
Cash and cash equivalents$136 $221 
Restricted cash, current (a)
4 1 
Restricted cash, long-term (b)
14 13 
Total cash, cash equivalents and restricted cash
$154 $235 
(a) Included in other current assets on the condensed consolidated balance sheets
(b) Included in other assets on the condensed consolidated balance sheets
The components of cash, cash equivalents, and investments measured at fair value on a recurring basis were as follows (in millions):
As of
Fair value levelJune 30,
2026		December 31,
2025
Cash and cash equivalents:
Bank depositsLevel 1$2 $1 
Money market funds
Level 1121 220 
Corporate bonds and notes
Level 213 — 
Total cash and cash equivalents
$136 $221 
Investments:
U.S. Treasury securities
Level 2$641 $766 
Commercial paper
Level 2
— 39 
Corporate bonds and notes
Level 2440 433 
Total investments$1,081 $1,238 
The amortized cost, unrealized (losses)/gains, and fair value of available-for-sale debt securities were as follows (in millions):
As of June 30, 2026
Amortized costUnrealized lossesFair value
U.S. Treasury securities$642 $(1)$641 
Commercial paper
— — — 
Corporate bonds and notes
440 — 440 
  Total investments$1,082 $(1)$1,081 
As of December 31, 2025
Amortized cost
Unrealized gains
Fair value
U.S. Treasury securities$765 $1 $766 
Commercial paper
39 — 39 
Corporate bonds and notes
433 — 433 
  Total investments$1,237 $1 $1,238