Fair Value Measurement of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on A Recurring Basis

The following tables present our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated (in millions):

	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash, cash equivalents and restricted cash
Cash and cash equivalents	$	2,433	$	2,433	$	—	$	—
Customer accounts	763		763		—		—
Restricted cash included in other current assets	88		88		—		—
Restricted cash included in other assets	2		2		—		—
Total cash, cash equivalents and restricted cash	3,286		3,286		—		—
Derivatives	97		—		82		15
Short-term investments:
Corporate debt securities	3,094		—		3,094		—
Government and agency securities	363		—		363		—
Total short-term investments	3,457		—		3,457		—
Long-term investments:
Corporate debt securities	1,119		—		1,119		—
Government and agency securities	190		—		190		—
Total long-term investments	1,309		—		1,309		—
Total financial assets	$	8,149	$	3,286	$	4,848	$	15
Liabilities:
Derivatives	$	18	$	—	$	18	$	—

	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash, cash equivalents and restricted cash
Cash and cash equivalents	$	1,985	$	1,985	$	—	$	—
Customer accounts	481		481		—		—
Restricted cash included in other current assets	23		23		—		—
Restricted cash included in other assets	4		4		—		—
Total cash, cash equivalents and restricted cash	2,493		2,493		—		—
Equity investment in Adevinta	4,474		4,474		—		—
Derivatives	396		—		32		364
Short-term investments:
Corporate debt securities	2,162		—		2,162		—
Government and agency securities	371		—		371		—
Total short-term investments	2,533		—		2,533		—
Long-term investments:
Corporate debt securities	328		—		328		—
Government and agency securities	271		—		271		—
Equity investment under the fair value option	335		—		—		335
Total long-term investments	934		—		599		335
Total financial assets	$	10,830	$	6,967	$	3,164	$	699
Liabilities:
Other liabilities	$	10	$	—	$	—	$	10
Derivatives	$	33	$	—	$	33	$	—

Schedule of Assets Measured Using Significant Unobservable Inputs

The following table presents a reconciliation of the opening to closing balance of the Adyen warrant measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions):

	December 31,
	2024		2023
Opening balance at beginning of period	$	364	$	214
Change in fair value	158		150
Exercise of options under warrant	(522)		—
Closing balance at end of period	$	—	$	364

The following table presents a reconciliation of the opening to closing balance of the equity investment in Gmarket measured using significant unobservable inputs (Level 3) as of the dates indicated (in millions):

	December 31, 2024		December 31, 2023
Opening balance at beginning of period	$	335	$	431
Change in fair value	(12)		(96)
Fair value of shares sold	(323)		—
Closing balance at end of period	$	—	$	335