Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value of certain financial assets and liabilities as of June 30, 2024 and December 31, 2023 were as follows (in millions):

	June 30, 2024								December 31, 2023
	Fair Value		Fair Value Measurement Using						Fair Value		Fair Value Measurement Using
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets:
Money market and deposit accounts (1)	$	1,520	$	1,520	$	—	$	—	$	1,604	$	1,604	$	—	$	—
Loan receivable (2)	213		—		—		213		—		—		—		—
Derivative instruments (3)	427		—		427		—		257		—		257		—
Total	$	2,160	$	1,520	$	427	$	213	$	1,861	$	1,604	$	257	$	—
Liabilities:
Derivative instruments (3)	$	59	$	—	$	59	$	—	$	101	$	—	$	101	$	—
Mortgage and loans payable (4)	669		—		669		—		684		—		684		—
Senior notes (4)	12,192		11,720		472		—		11,740		11,166		574		—
Total	$	12,920	$	11,720	$	1,200	$	—	$	12,525	$	11,166	$	1,359	$	—

(1)Amounts are included within cash and cash equivalents in the condensed consolidated balance sheets, and are measured at fair value.

(2)Amount is included within other assets in the condensed consolidated balance sheets, and is measured at amortized cost. Refer to Note 4.

(3)Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the condensed consolidated balance sheets, and are measured at fair value. Refer to Note 5.

(4)Amounts include current and non-current portions and are measured at amortized cost. Refer to Note 8.